PLEASANTON, Calif., Nov. 22 /PRNewswire/ -- REAL-TIME RADIOGRAPHY, INC. (RTR) announced today that it has completed its merger with Exxim Computing Corporation of Pleasanton, CA. The combined company, headquartered in Pleasanton, CA, will continue to conduct a portion of its research and development activities in Israel. The surviving company is Real-Time Radiology, Inc., incorporated in Delaware. RTR is a developer of flat-panel detector panels used in digital X-ray systems sold to OEM medical imaging companies.
"The merger accelerates our ability to develop and bring to market our novel flat panel X-ray detector systems that will provide faster real-time digital imaging, with higher resolution, 50% lower radiation dosing levels, at a price that is 30-50% lower than currently available alternatives," said Shaul Dukeman, President and CEO of Real-Time Radiography. "Our products will address a market of over $1 billion annually in medical imaging applications such as: vascular and cardiovascular, gastrointestinal, orthopedic, urologic, and surgical. These systems also have significant potential applications in the homeland security and non-destructive testing markets."
Horst Bruning Ph.D., formerly the majority shareholder of Exxim, becomes President of RTR's Complementary Metal-Oxide Semiconductor (CMOS) Division as a result of the merger.
Dr. Bruning said, "This merger combines two key proprietary technologies for improved digital imaging -- Exxim's CMOS-based readout circuitry and RTR's Mercuric-Iodide coatings. Together these technologies have the potential for dramatic price/performance improvement in digital imaging, particularly for the type of continuous dynamic digital imaging commonly known as fluoroscopy."
RTR also announced the commencement of a new financing round to further support its strategy of developing turn-key subsystem solutions for the OEM medical imaging industry based on its proprietary technologies. Current investors include a multi-national combination of sophisticated private and institutional investors. The financing round is being managed by Ambient Advisors, LLC, an investment banking and venture investment company based in Los Angeles, California.
Real-Time Radiography, Inc.
CONTACT: Shaul Dukeman, CEO of Real-Time Radiography, Inc.,+1-925-416-1903, email@example.com; or Gary Post, ManagingDirector, of Ambient Advisors, LLC, +1-310-432-1671, firstname.lastname@example.org,for Real-Time Radiography, Inc.