MediVision Medical Imaging Ltd. (the "Company", “MediVision”) (EURO.NM: MEDV) a leading provider of ophthalmic digital imaging systems for the ophthalmology market, announced today that its US subsidiary has signed a major contract with a key customer in the US and that it has completed recently the supply and installation of comprehensive digital solutions in a number of key sites in the UK and in Israel.
The American Subsidiary of MediVision, Ophthalmic Imaging Systems (“OIS”), signed a $550,000 contract with Henry Ford Health System to upgrade the ophthalmology department in 15 locations to fully integrated digital systems. Completion of the project is planned for the first half of 2006. It will include the conversion of the film-based ophthalmic photography systems to digital imaging systems and the installation of a departmental interface allowing automated import of images, maps, reports and other data objects from a variety of existing and future ophthalmic diagnostic equipment to a single Information platform.
In addition, MediVision announced today that together with its UK distributor, Spectrum Ophthalmics, they have recently completed the installation of a comprehensive digital imaging and image management solutions, based on its WinStation line, in the ophthalmology department at the Royal Hallamshire Hospital in the UK. This installation is of strategic importance to MediVision since it is the first large WinStation installation in the UK. This installation has already attracted considerable interest from other key medical centers in this market.
The Company also completed the installation at two major medical centers of Clalit Health Services in Israel, which were sold in December 2005 and January 2006 for a total amount of $130,000. The installations include retinal imaging systems, review stations and integration to the patient information system in the Ophthalmology Departments of Ha’emek Medical Center in Afula and Kaplan Medical center in Rehovot.
About Henry Ford Health System
Henry Ford Health System (www.henryford.com), one of US leading health care systems, integrates primary and specialty care with research and education. It includes Henry Ford Hospital and six owned or affiliated hospitals, 24 ambulatory centers and other health-related services located throughout southeastern Michigan, US.
About Royal Hallamshire Hospital
Royal Hallamshire hospital belongs to the Sheffield Teaching Hospitals NHS Trust, England's second largest NHS Trust employing 13,000 staff and running a £620 million annual budget.
About Spectrum Ophthalmics
Spectrum specializes in the sales and marketing of innovative products for surgical and diagnostic applications in Ophthalmology. Since it was formed in 1987 the company has grown to become the largest independent ophthalmic distributor in the UK.
About Clalit Health Services
Through its 14 hospitals and more than 1200 primary and specialized clinics, Clalit Health Services (www.clalit.co.il) which serves approximately 60% of the Israeli population, provides comprehensive health insurance and highly advanced medical care.
About MediVision
MediVision specializes in digital imaging devices for ophthalmic applications with an emphasis on diagnostics related to the eye retina. MediVision's products are designed to provide digital upgrades for a range of ophthalmic imaging systems, thus significantly enhancing imaging capability and providing its users with advanced diagnostic tools. The company has significant market share and is a market leader in the ophthalmic digital imaging field. MediVision owns 65% interest in Ophthalmic Imaging Systems based in Sacramento, California, US and 63% interest in CCS Pawlowski GmbH based in Jena, Germany.
This Release contains certain forward-looking statements and information relating to the Company that are based on the beliefs of the Management of the Company as well as assumptions made by and information currently available to the Management of the Company. Such statements reflect the current views of the Company with respect to future events, the outcome of which is subject to certain risks and other factors, which may be outside of the Company’s control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results of outcomes may vary materially from those described herein as projected, anticipated, believed, estimated, expected or intended.
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