Health & Fitness
Health and Fitness
Health and Fitness
Thu, September 15, 2011
Wed, September 14, 2011
Tue, September 13, 2011 
CALGARY, Sept. 13, 2011 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL) a global leader in the high growth digital radiography (DR) equipment market, is pleased to announce the appointment of Mr. Shameze Rampertab, B.Sc., MBA, CA, as Chairman of the Board of Directors of IDC effective September 13, 2011. Former Chairman, Mr. Jerry Cirino, continues to serve the Company as a Director.
"The Board and I thank Mr. Rampertab for taking on this new role and his commitment to the future of IDC as we look at several strategic options to kick start growth in the highly competitive diagnostic imaging market and generate shareholder value," stated Mr. Swapan Kakumanu, IDC President and Chief Executive Officer. "As IDC continues to seek out new capital opportunities for the Company, Shameze's experience in the capital markets will be a valuable asset to IDC's continued global growth."
"I am delighted to accept this appointment to lead Imaging Dynamics through its next phase of development and to demonstrate its value to our shareholders", said Mr. Rampertab. "Thank you to the IDC Board of Directors for their confidence in allowing me to take on such a strategic role during this period for the Company." Mr. Rampertab joined the IDC Board as Director in May 2011.
Mr. Cirino, who has been a Board member and Chairman for over four years, will step down as Chairman effective September 13, 2011 and continue to provide expertise and support as a Director of the Board. Mr. Cirino commented, "Our Company has successfully evolved through a major constructive period. I am honoured to have been a part of this mission and look forward to entering the value creation phase. "
"On behalf of the IDC team I would like to thank Jerry for the leadership he has provided IDC during his tenure as Chairman," commented Mr. Kakumanu. "We appreciate that he will stay on the Board and continue to share his experience. I personally thank him for the guidance and strategic support he provided me as we went through several senior management changes at IDC over the past four years."
About Imaging Dynamics Company (IDC):
IDC is a medical devices technology company and innovative force in the high growth field of digital radiography (DR) technology. IDC's product line of CCD-based X-Series direct capture technology and the new innovaXion Flat Panel technology replaces conventional film-based diagnostic imaging and provides a cost-effective solution for producing high quality diagnostic images, enhancing patient care and improving workflow.
Each IDC DR solution provides high resolution radiographic images in the digital format required for today's (PACS) Picture Archiving & Communication Systems and the growing requirements for the electronic health record, all without the use of film, environmentally unfriendly chemicals, and cassettes.
Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan, Deloitte Technology and PROFIT; for its consistent dedication to innovation, global growth, and customer focused value proposition.
IDC is based in Calgary, Alberta, Canada.
Visit the IDC Web site: [ www.imagingdynamics.com ]
Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.
