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Targeted OEM Sales of Digirad Proprietary Solid-State Technology to Expand Distribution Beyond Cardiology Marketplace; Initial Technology Development Agreement Signed With Leading Medical Imaging Company

Digirad Corporation, a leading provider of diagnostic imaging products, and personnel and equipment leasing services with its roots in cardiovascular imaging, announced the launch of a key initiative to expand the distribution of its proprietary, solid-state technology through strategic OEM relationships. Digirad seeks partners with broad distribution capabilities and significant share in specialized healthcare market segments.

To this end, Digirad has signed its first technology development agreement with a leading medical imaging company, the name of which will not be disclosed, for competitive and commercial reasons, until a product launch is more imminent.

"We expect to leverage our existing intellectual property and significantly broaden our market opportunities," said Digirad President and CEO Todd Clyde. "We believe that solutions such as our solid-state detectors will come to dominate the landscape in nuclear medicine and beyond, and will be the catalyst for a whole new generation of fully-integrated, digital hybrid imagers for various applications."

Digirad's latest generation of solid-state detectors are far lighter than conventional detector designs enabling systems to be portable and easily serviced. Solid-state detectors offer major enhancements in performance, such as superior energy resolution and high count rate capabilities. The detectors can be used for both gamma and x-ray detection making them ideally suited for use in hybrid systems such as SPECT/CT and MRI/SPECT.

Clyde added, "Our strategic OEM initiative is an important part of our long-term strategy to not only diversify, but to convert the gamma camera industry from using vacuum tube technology to Digirad's solid-state technology."

Source: Digirad Corporation