The Medipattern Corporation (CDNX:MKI.V - News), a pioneer in the development of medical software solutions that help improve imaging workflow and productivity, is pleased to announce that the China Primary Health Care Foundation ("CPHCF") has purchased two hundred (200) B-CAD systems as part of a pilot breast-screening program for rural China. The CPHCF is purchasing equipment for rural hospitals, including B-CAD, as part of their large-scale trial to finalize breast-screening protocol prior to launching their national screening program. Delivery and installation of the first fifty (50) B-CAD software systems will occur during the first quarter of 2009, with subsequent scheduled deliveries in thirty-six (36) unit increments throughout the first half of 2009. Medipattern will receive a portion of the value of the contract in the form of a down payment, followed by further payments totaling 90 percent of the value of the shipments upon receipt of the software in China. Additional financial and operational details of the transaction were not disclosed due to competitive reasons.
