Premier Purchasing Partners Awards Exclusive Group Buy Program To iCAD, Inc. For SecondLook(R) Computer Aided Detection Systems

NASHUA, N.H., July 10 /PRNewswire-FirstCall/ -- iCAD, Inc. , an industry-leading provider of Computer Aided Detection (CAD) solutions and Premier Purchasing Partners, today announced an agreement that gives Premier members access to an exclusive 90-day “group buy” program with preferred pricing for iCAD’s SecondLook(R) Computer Aided Detection systems for use with mammography.

This three-month program includes all of iCAD’s SecondLook(R) film-based mammographic CAD solutions and the TotalLook(TM) system, which converts prior film mammograms at full image fidelity for use in comparative reading with digital mammography. Preferred pricing will be available to all Premier member hospitals and alternate care sites nationwide.

An increasing number of radiologists use computer-aided detection as a “second pair of eyes” when reading a mammogram. iCAD has the potential to detect findings that might otherwise be overlooked during the review process, thus increasing cancer detection. iCAD technology is especially effective in identifying difficult to see calcifications. Clinical trials demonstrated that use of SecondLook(R) CAD systems could detect up to 68% of actionable missed breast cancer an average of 15 months earlier than screening mammography alone.

About Premier, Inc.

Premier, Inc., the leader in helping hospitals accelerate performance on both clinical outcomes and supply chain costs, is a healthcare alliance entirely owned by more than 200 of the nation’s leading not-for-profit hospitals and healthcare systems. These organizations operate or are affiliated with nearly 1,500 hospitals and more than 38,500 other healthcare sites. Premier Purchasing Partners provides an array of services supporting health services delivery including group purchasing totaling more than $25 billion annually in supplies and equipment purchasing, as well as supply chain and clinical performance improvement services. Premier Healthcare Informatics offers performance measurement, benchmarking, and reporting products and advisory services supporting quality improvement. Premier Insurance Management Services helps hospitals manage insurance costs and improve risk management and claims capabilities. Headquartered in San Diego, Premier has offices in Charlotte, NC, and Washington, DC. For more information, visit http://www.premierinc.com.

About iCAD, Inc.

iCAD, Inc. is an industry-leading provider of Computer-Aided Detection (CAD) solutions that enable healthcare professionals to identify cancer and other life-threatening conditions earlier by making medical services more effective, more accessible and more affordable for patients worldwide. Recipient of Frost & Sullivan’s Growth Strategy Leadership award, iCAD offers a comprehensive range of high-performance, upgradeable CAD systems for the high, mid and low volume mammography markets. As the most frequently selected CAD solution for film-based and digital breast screening, iCAD is entrusted with the task of early cancer detection by over eleven hundred women’s healthcare centers worldwide. For more information, call +1 877 iCADnow or visit http://www.icadmed.com.

“Safe Harbor” Statement

Certain statements contained in this News Release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risks of uncertainty of patent protection, the impact of supply and manufacturing constraints or difficulties, product market acceptance, possible technological obsolescence, increased competition, customer concentration and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The words “believe,” “demonstrate,” “intend,” “expect,” “estimate,” “anticipate,” “likely,” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release.

iCAD, Inc.

CONTACT: Kevin McGrath of Cameron Associates for iCAD, Inc.,+1-212-245-4577, kevin@cameronassoc.com

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