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New Agreement Expands Relationship With Toshiba; Supports Collaboration On Technology Advancement

 

Vital Images, Inc., a leading provider of advanced visualization and analysis software, and Toshiba Medical Systems Corporation (Toshiba), have signed a co-development and collaboration agreement in which they will enter into a mutual license of intellectual property and will jointly invest to develop and deliver innovative technology advancements for Toshiba's modalities, including the Aquilion(tm) ONE CT scanner, and Vital Images' advanced visualization software solutions.

The companies recently announced the renewal of their distribution agreement, which has been extended until 2013. The lengthened term of the new contract, complemented by the co-development and collaboration agreement, enables the companies to jointly drive new technology and closely collaborate in developing and launching industry-leading advanced visualization solutions for medical imaging.

"We have had a close working relationship with Toshiba on Vitrea fX and Aquilion ONE for the past few years," said Vikram Simha, chief technology officer at Vital Images. "However, this agreement establishes a new development framework enabling our companies to more rapidly create innovations, intellectual property and next-generation technologies for all Toshiba modalities."

"Toshiba believes that the new agreements recently signed with Vital Images for distribution and development will continue to enhance and extend our strategic partnership with Vital Images. These agreements will help us achieve our joint goal to deliver unique clinical capabilities leveraging industry-leading technology from both Toshiba and Vital Images," said Yasuo Nobuta, general manager of CT Division, Toshiba Medical Systems Corp. "Toshiba looks to strengthen its collaboration with Vital Images to develop industry-leading solutions."

About the Aquilion One and Vitrea fX

Toshiba's Aquilion ONE is the first dynamic volume CT scanner. This system revolutionizes patient care by non-invasively providing structural and function information key to diagnostic decision and reducing diagnostic time for life-threatening conditions, such as stroke and heart disease, from days and hours to mere minutes. Unlike any other CT system, the Aquilion ONE can scan an entire organ in one rotation, dramatically cutting the exam time as well as radiation and contrast doses. Each Aquilion ONE ships with a Vitrea fX solution -- designed in collaboration with Toshiba for the Aquilion ONE. Vitrea fX has both FDA marketing clearance and CE Mark approval. Aquilion ONE is a trademark of Toshiba Medical Systems Corporation.

Source: Press Release by GlobeNewswire