Imagin Medical Inc. (IME:CSE; IMEXF:OTCQB) announced in a news release it completed the first step of the functional system stage in the development of its new medical technology, the i/Blue Imaging System. The company aims to get blue light cystoscopy into the mainstream standard of care for bladder cancer.
Both parts of the system's functional unit, the control console and the dual-camera hand piece, designed to operate in tandem, are working as expected in providing simultaneous high-resolution images in blue and white light modes. The functional unit is now 30% smaller than the prototype after Imagin optimized it, not only for size, but also performance and cost.
"We are excited to see the real promise of Imagin's groundbreaking technology start to emerge and believe that it will drive significant value for our shareholders as we progress," President and CEO Jim Hutchens said in the release.
To complete the entire functional system phase of development, Imagin must build additional units with enhanced software, verify them for various functions, including electrical safety, reprocessing and sterilization, and finish packaging and shipping simulations. The company is currently holding focus groups with urologists for feedback on how best to optimize the software user interface and meet specific functionality needs. Imagin aims to have these tasks done by mid-year.
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