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IDC Awarded India's Largest State Government Contract For Digital Radiography Systems


6/4/2008 3:11:34 PM

CALGARY, May 29 /PRNewswire-FirstCall/ - IDC (Imaging Dynamics Company Ltd.) , the global leader in the rapidly growing market for digital radiography, today announced that it has been awarded a contract by the central purchasing unit for medical hospitals in Uttrakahand, India for five X-Series 1600 DR systems with X4C imaging detectors. This is the single largest purchase ever placed for DR equipment by the government in India and represents an active commitment to upgrade patient care throughout the country.

IDC's regional distribution partner, CURA Medical Equipment Pvt. Ltd., will manage installation and ongoing support of the sites. According to CURA's National Manager of Sales, Mr. Ravi Srinivasan, "The Uttrakahand Department of Health and Family Welfare was rigorous and comprehensive in its evaluation of imaging technology options. Value and performance drove the government's decision to take this bold step into the emerging DR market. This contract is a significant milestone for CURA, IDC and the Government of Uttrakahand and we are proud to be a partner in this achievement."

The X-Series 1600 utilizes IDC's proprietary Very High Density (VHD) CCD-based technology that is the result of more than 10 years of engineering research and development. It is the third generation of the most commercially successful digital radiography system in the world, with installations in 38 countries. Commenting on this contract, IDC President & CEO Mr. Tom Boon said, "Despite strident competition from several multi-national corporations, IDC's patented VHD CCD-based detector technology was chosen ahead of flat panel technology for its technical advantages, low-cost of ownership and superior value. This purchase is another validation of IDC's unique and innovative DR technology and an important step in increasing our global market penetration."

About CURA

CURA Medical Equipment Pvt. Ltd. is a leading dealer, re-marketer and service provider for various high end diagnostic medical equipment in India with service outlets throughout the country. CURA is an IDC Authorized Service Franchisee and is IDC's representative in India. CURA deals with a complete range of DR systems from IDC and actively provides installation and start-up services. The company is headquartered in Chennai, India.

About IDC

IDC (Imaging Dynamics Company) is a medical technology company and innovative force in the fast-growing field of digital radiography (DR) technology. IDC's X-Series of direct capture technology replaces conventional film-based X-rays and provides a cost-effective alternative to cassette based film or computed radiography (CR) systems.

Each IDC DR solution provides high resolution radiographic images in the digital format required for today's electronic medical record networks, all without the use of film, environmentally harmful chemicals, cassettes or expensive imaging plates. In addition to its number one ranking for three consecutive quarters for customer service by MD Buyline, IDC is the recipient of the 2007 Frost & Sullivan Technology Innovation Award and is among the 2007 Deloitte Technology Fast 500, which ranks the fastest growing technology, media, telecommunications and life sciences companies in North America.

Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.

CONTACT: for Public Relations inquiries: Ms. Michelle Naismith, Marketing
Manager, IDC, 1-866-975-6737, mnaismith@imagingdynamics.com; for Investor
Relations inquiries: Mr. Swapan Kakumanu, Chief Financial Officer, (403)
251-9939, investor@imagingdynamics.com


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