VANCOUVER, BC and BOSTON, MA--(Marketwired - July 20, 2016) - Imagin Medical (CSE: IME) (OTC PINK: IMEXF) (FRANKFURT: DPD2) (the "Company") announced today that the process of retrofitting and requalifying components to optimize the patented design of the i/Blue Imaging System is on schedule. As previously announced, the i/Blue Alpha Prototype A was successfully moved from Lawrence Livermore National Lab to the University of Rochester Laboratory for Laser Energetics where Dr. Stavros Demos, the inventor of the technology, continues to assist the Imagin team with the development of the Alpha Prototype B.
Three key components that will differentiate this instrument in the market place are being requalified, including fiber optic cables, specialty cameras and the required processing software, all of which have been defined and in process to be integrated into the Alpha Prototype B. The new cable connecting the cystoscope to the i/Blue systems will contain over 335,000 fibers, more than double the fiber count of the original prototype. The camera being used is the highest light sensitive scientific model available. The software required to integrate all the components is being developed by Dr. Ronald Wood, whose services have been added to the contract with of the University of Rochester Medical Center. Dr. Wood has solid experience in this area and has conducted previous bladder studies. The Company believes the project is on schedule for year-end 2016.
"We have developed a positive relationship with the University of Rochester Medical Center and the Laboratory for Laser Energetics and we're excited to work with them to facilitate Imagin's success," said Mike Vergano, Imagin's Director of Engineering and Operations.
About Imagin Medical
Imagin Medical is developing imaging solutions for the early detection of cancer through the use of endoscopes. The Company believes it will radically improve the way physicians detect cancer. Imagin's initial target market is bladder cancer, a major cancer worldwide, the sixth most prevalent in the U.S., and the most costly cancer to treat due to a greater than 50% recurrence rate. Developed at the Lawrence Livermore National Laboratory, this advanced, ultrasensitive imaging technology is based upon improved optical designs and advanced light sensors. Learn more at www.imaginmedical.com.
ON BEHALF OF THE BOARD:
President & CEO
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