DALLAS, March 31 /PRNewswire/ -- BancTec, a global provider of advanced, high-volume, document and payment processing solutions and services, today announced that it has signed an exclusive service provider agreement with iVu Imaging, a medical device company focused on the early detection of cancer and other disease states. This agreement opens another new market for BancTec's growing Multi-Vendor Services Group.
"BancTec's Multi-Vendor Services Group has strong technical skills as well as a wide service footprint, two key factors in maintaining support on mission critical equipment that absolutely cannot be out of service for an extended period of time," said Russ Rogers, Vice President of Operations, iVu Imaging Corporation. "The combination of our proprietary imaging technology and BancTec's installation and support capabilities will help us meet the strong growth plan we have for the U.S. market."
"iVu Imaging has some truly innovative technology that will help many people improve their lives," said Terry Holash, Vice President, Multi-Vendor Services, BancTec. "We look forward to leveraging our national coverage model, as well as the ability of our technicians to work with unique equipment in the most demanding of environments, to help expand the use of iVu's imaging solutions across the country."
As the exclusive service provider for iVu, BancTec will deliver installation, maintenance and break/fix support. The imaging devices, which are capable of rapid 3D analysis of the human body for the earlier detection of numerous abnormal anatomical features and diseases, are typically sold to hospitals, health clinics and large doctor practices. The initial service agreement covers only the U.S. market.
About iVu Imaging Corporation
iVu Imaging Corporation develops and commercializes a proprietary core technology capable of rapid 3D analysis of the human body for the earlier detection of numerous abnormal anatomical features including, but not limited to: breast cancer, prostate cancer, ovarian cancer, cardiac & peripheral vascular disease, and gynecological abnormalities.
iVu's first product, the Sofia(TM) Automated Breast Tomography system, provides rapid whole breast image acquisition and anatomically correct 3D visualization of the entire breast without painful compression or serial radiation exposure.
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.
Forward-Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts are "forward-looking statements" describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in the Company's Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.
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