BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Real-Time Radiography -- Exxim Computing Corporation Merger Completed


10/19/2005 5:12:15 PM

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, shaul.dukeman@realtimeradiography.com; or Gary Post, ManagingDirector, of Ambient Advisors, LLC, +1-310-432-1671, gpost@ambientcapital.com,for Real-Time Radiography, Inc.



Read at BioSpace.com

 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES