Feedback signs exclusive distributor arrangement with Korea ISG

Cambridge Computed Imaging, a subsidiary of AIM-listed medical imaging software company Feedback, has signed an exclusive distributor arrangement with Seoul-based Korea ISG for the sales and distribution of its TexRAD texture analysis software.

TexRAD will be used by customers for research purposes, performing advanced analysis of routinely acquired medical diagnostic images such as CT scans and MRIs in South Korea.

Feedback said this is a significant step for CCI as part of its plans to expand sales of TexRAD software to meet the fast-growing demand in Asian markets, identifying and engaging with distributors who are experts in the local market, and who can leverage the TexRAD brand awareness to help build a regional sales pipeline.

Dr Balaji Ganeshan, chief executive officer of TexRAD and director of new business at Feedback, said: "We are pleased to sign this significant distributorship agreement with Korea ISG to support the interest and acceptance of TexRAD in the rapidly growing and important South Korean medical imaging research market.

"We are confident that by working with an experienced team led by the CEO Jacob Woo, who has a great understanding of the market and customer base, we stand to increase the TexRAD revenue potential and market reach and meet our customer needs."

At 1321 BST, Feedback shares were up 7.1% to 3.75p.