Published: November 21, 2008
Vital Images and Toshiba Renew Distribution Agreement
MINNEAPOLIS, Nov. 21 /PRNewswire-FirstCall/ -- Vital Images, Inc.
(Nasdaq: VTAL), a leading provider of advanced visualization and analysis
software, and Toshiba Medical Systems Corporation (Toshiba), have agreed to
renew their global distribution agreement for five years, through December 31,
2013.
As under the previous agreement, Toshiba will offer Vital Images' solution
through its subsidiaries and distributors in more than 50 nations in North and
South America,Europe, theMiddle East,Africa,Australia, andAsia, including
Japan. Toshiba, headquartered in Tochigi,Japan, has been providing Vital
Images' solution as the advanced visualization and analysis software of choice
to customers purchasing Toshiba's Aquilion and other CT scanners since 2000.
The lengthened term of the new contract demonstrates the past success and
continued commitment that the two companies have in continuing their strategic
relationship throughout the next five years.
"We've had a very successful partnership with Toshiba for the past eight
years and we look forward to strengthening and building on our relationship,"
said Michael H. Carrel, president and chief executive officer of Vital Images.
"We are deeply committed to our partnership with Vital Images," said Yasuo
Nobuta, general manager of CT Division, Toshiba Medical Systems. "This
agreement allows Toshiba to continue offering, what we consider to be the best
advanced visualization solution on the market, with our leading Aquilion CT
scanner technologies. The combination brings to the market a competitive
solution that integrates best-of-breed and cutting-edge technologies designed
to better patient care. We look forward to deepening our relationship with
Vital Images over the next five years."
About the Aquilion One and Vitrea fX
Toshiba's Aquilion ONE(TM) 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.
About Toshiba Medical Systems Corporation
Toshiba Medical Systems Corporation is one of the world's leading
diagnostic imaging manufacturers. The expanding Toshiba Medical Systems Group
operates in more than 80 countries with the goal of establishing a strong
global business while lending strong support to the advancement of medicine
worldwide. The company's vision is to provide solutions to the medical
profession that help save patients' lives while offering reliable products
with a long service life. Press releases, examples of their medical solutions
and other corporate information are available on Toshiba Corporation's Web
site at http://www.toshiba.com.
About Vital Images, Inc.
Vital Images, Inc., established in 1988 and headquartered inMinneapolis,
is a leading provider of advanced visualization software solutions. The
company's technology gives radiologists, cardiologists, oncologists and other
medical specialists, time-saving productivity and communications tools that
can be accessed throughout the enterprise and via the Web for easy use in the
day-to-day practice of medicine. Vital Images also has offices inEurope and
Asia. For more information, visit http://www.vitalimages.com.
"Aquilion ONE" is a trademark of Toshiba Medical Systems Corporation.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and are
intended to enjoy the protection of the safe harbor for forward-looking
statements provided by that Act. These statements involve risks and
uncertainties which could cause results to differ materially from those
projected, including but not limited to dependence on market growth,
challenges associated with international expansion, the ability to predict
product, customer and geographic sales mix, regulatory approvals, the timely
introduction, availability and acceptance of new products, the impact of
competitive products and pricing, dependence on major customers, the ability
to successfully manage operating costs, fluctuations in quarterly results,
approval of products for reimbursement and the level of reimbursement, general
economic conditions and other factors detailed from time to time in Vital
Images' SEC reports, including its annual report on Form 10-K for the year
ended December 31, 2007. Vital Images encourages you to consider all of these
risks, uncertainties and other factors carefully in evaluating the
forward-looking statements contained in this release. As a result of these
matters, changes in facts, assumptions not being realized or other
circumstances, the company's actual results may differ materially from the
expected results discussed in the forward-looking statements contained in this
release. The forward-looking statements made in this release are made only as
of the date of this release, and the company undertakes no obligation to
update them to reflect subsequent events or circumstances.
SOURCE Vital Images, Inc.
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