B-K Medical Acquires Intellectual Property Rights and Production Resources For 3D Imaging Technology.Business & Medical Editors COPENHAGEN, Denmark--(BUSINESS WIRE)--Dec. 4, 2001 B-K Medical A/S, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Analogic Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALOG ALOG Army Logistician (Magazine) ALOG Army Logistics ALOG Activity Log ALOG AWIS Logistics ) and a leading provider of specialized ultrasound solutions, has expanded its capabilities in the 3D technology arena with the licensing of intellectual property rights and the acquisition of production resources for Integrated 3D Imaging Technology from Life Imaging Systems. As a result of its acquisition, B-K Medical will design, develop and manufacture its own 3D technology solutions at its headquarters in suburban Copenhagen, Denmark. Life Imaging Systems Inc., a leading Canadian developer of 3D technology applications for ultrasound, had previously sold 3D technology solutions to B-K Medical for use with it's advanced ultrasound systems. "The intellectual property license and the procurement of Life Imaging Systems' production resources are of enormous strategic value to B-K Medical. In addition to acquiring Life Imaging Systems' FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. listing for this 3D technology, we will expand our internal knowledge base and manufacturing expertise in this important diagnostic application area," says B-K Medical's Managing Director, Rene Barington. B-K Medical will use the intellectual property rights and production resources it has acquired from Life Imaging Systems to expand its 3D application expertise in the areas of urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. and anorectal a·no·rec·tal adj. Relating to the anus and the rectum. anorectal pertaining to, emanating from or affecting the anorectum. anorectal abscess see perianal fistula. applications, as well as other specialized application areas. Several of the many benefits of 3D technology in diagnostic ultrasound diagnostic ultrasound n. Use of ultrasound to obtain images for medical diagnostic purposes. applications are improved productivity for surgical planning and follow-up treatment, improved understanding of 3D relational anatomy, enhanced volume measurements and increased access to imaging planes not available with 2D techniques. The acquisition of Life Imaging Systems' intellectual property and production resources is the second major acquisition B-K Medical has completed this year. In the early fall, the company acquired intellectual property rights and production resources for manufacturing transducer transducer, device that accepts an input of energy in one form and produces an output of energy in some other form, with a known, fixed relationship between the input and output. arrays from the US-based Acoustic Imaging Technologies Corporation, a leading global producer of ultrasound transducers. These key strategic investments will build B-K Medical's internal research, design and development expertise and strengthen the firm's position as the leading supplier of specialized ultrasound solutions for the surgery and urology markets. B-K Medical A/S, a wholly owned subsidiary of Analogic Corporation (NASDAQ: ALOG), is a leading developer and manufacturer of specialized diagnostic ultrasound equipment. The company has its headquarters in suburban Copenhagen, Denmark. It provides full product sales and service support through eight subsidiaries worldwide and a dedicated network of sales and service partners. |
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