Intelligent Ultrasound Group PLC AGM Statement (9160Z)
May 23 2019 - 1:00AM
UK Regulatory
TIDMMED
RNS Number : 9160Z
Intelligent Ultrasound Group PLC
23 May 2019
Intelligent Ultrasound Group plc
("Intelligent Ultrasound" or the "Group" or the "Company")
2019 AGM Trading Statement
Intelligent Ultrasound Group plc (AIM: MED), the artificial
intelligence software and simulation company, will hold its Annual
General Meeting today at 1.30 p.m. at IP Group Offices, The
Walbrook Building, 25 Walbrook, London, EC4N 8AF. At the meeting
the Chairman, Riccardo Pigliucci, will make the following
statement:
"The development of our two real-time image analysis software
solutions - ScanNav and AnatomyGuide - from our Clinical AI
Division is progressing well and we believe that they are gaining
recognition by both prospective end-user clinicians and potential
industry partners. We are in negotiations to secure our first
strategic collaboration agreement with a major ultrasound equipment
manufacturer and look forward to updating the market on this in due
course. To maintain our lead we will need to continue to invest in
our AI based ultrasound image analysis R&D.
Our Simulation Division sales for the four months to 30 April
2019 are in line with the same period last year, with significant
increases in North America offset by reduced sales in the UK, which
we believe are due to the impact that Brexit is having on UK
healthcare budgets and spending. With five weeks of the half-year
remaining, we are encouraged by a healthy pipeline of potential
orders which includes a number of high value opportunities that we
expect to realise in Q2. Consequently, we continue to trade within
expectations for the full year."
Enquiries:
Intelligent Ultrasound Group www. intelligentultrasound.com
plc
Stuart Gall, CEO Tel: +44 (0)29 2075 6534
Wilson Jennings, CFO
Cenkos Securities - Nominated Advisor Tel: +44 (0)20 7397 8900
and broker
Giles Balleny / Cameron MacRitchie
(Corporate Finance)
Michael Johnson / Julian Morse
(Sales)
Walbrook PR Tel: +44 (0)20 7933 8780 or intelligentultrasound@walbrookpr.com
Anna Dunphy / Paul McManus Mob: +44 (0)7876 741 001 / Mob: +44
(0)7980 541 893
About Intelligent Ultrasound
(www.investors.intelligentultrasound.com)
Intelligent Ultrasound (AIM: MED), the intelligent ultrasound
software and simulation company, develops artificial
intelligence-based clinical image analysis software tools,
augmented reality-based needle guidance software and advanced
hi-fidelity haptic and manikin-based training simulators for
medical practitioners.
Based in Cardiff and Oxford in the UK, Atlanta in the US and
with representation in Beijing in Asia, the Group operates two
divisions:
Intelligent Ultrasound Simulation Division
Focusses on hi-fidelity ultrasound education and training
through simulation. Its three main products are the ScanTrainer
OBGYN training simulator, the HeartWorks echocardiography training
simulator and the BodyWorks Eve Point of Care and Emergency
Medicine training simulator. To date over 700 simulators have been
sold to over 400 medical institutions in over 30 countries around
the world.
Intelligent Ultrasound Clinical Division
Focusses on augmented reality and deep-learning based algorithms
to make ultrasound machines smarter and more accessible. Products
in development include ScanNav which uses machine-learning based
algorithms to automatically identify and grade ultrasound images to
provide scan assessment and audit of obstetric scanning.
AnatomyGuide aims to simplify ultrasound-guided needling by
providing the user with real-time AI-based needle guidance software
for a range of medical procedures.
Some products in the pipeline may require US FDA or other
regulatory approval, as such this material should be considered
informational only and does not constitute an offer to sell, or
infer claims or benefits.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGMSEDFAEFUSELI
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