*Imatron EBCT scanners are FDA approved.
*Imatron had $74m revenue before it was acquired by GE for $210m.
*Imatron was a Nasdaq company which traded up to $8 before it was acquired.
*Founder and CEO of Imatron, is the ceo of Telesecurity Science.
*The first generation of Imatron EBCT scanners is still in use
Imatron EBCT scanners cost between $1,800,000 and $2,200,000.
Because the new generation EBCT scanners are less costly, faster and smaller, the potential is greater.
Current cardiac CT scanners in the market are too slow for most cardiac imaging work, and depend on the use of invasive beta blockers to slow the heart rate in order to get useable images. This hinders the original goal of cardiac CT which was to offer a less invasive alternative to competing cardiac imaging techniques. As a result the market for cardiac CT scanners has been constrained and only reached approximately 10% of its full potential.
TSS develops advanced imaging solutions for medical and security imaging devices and systems. TSS is developing unique medical imaging devices for image guided cancer therapy, low-cost, low-dose CT for office screening procedures, and for non-invasive imaging of the heart and coronary arteries. TSS airport security products include automated threat recognition algorithms for cargo, whole body and checkpoint imaging systems including liquid detection as well as electronic unpacking software for CT baggage scanners. The TSS product line includes a common workstation that exploits the emerging DICOS standard for seamless connection to all security imaging systems.
TSS has the following medical imaging products under development:
*A unique multi-source X-ray tube based on eBeam technology for real-time tracking of tumor motion during radiation therapy.
*New software and technical approaches that are expected to lead to a new type of low-dose, multi-detector CT scanner that will be at a cost point that permits the use of computerized tomography imaging in the physician’s office as part of routine screening procedures.
*A 2nd generation electron beam CT scanner based on the technology developed for TSS’s Image Guided Radiotherapy product and the Low-cost, low-dose CT scanner product.
TSS Security Imaging Products
The following security imaging products are currently being offered by TSS:
*A common workstation used by security screeners, supervisors, and other personnel which is designed to work with all imaging security equipment.
*Software using conventional CT imaging to provide 3D imaging of bags under review by security screeners, allowing the screener to virtually unpack bags, by virtually removing items from the bag.
*Advanced scanner independent automated target recognition software tailored to work with cargo, baggage, and AIT.
*Liquid detection software which automatically analyzes liquids that are run through the X-ray system, and provides an accurate categorization of the liquid in the container.
TSS Management and Board of Directors
TSS management and members of its Board of Directors (the “Board”) have distinguished and successful backgrounds in scanning technology. They have been involved in founding a number of successful imaging businesses, including Invision, Imatron, Analogic, Neurologica, Hinnovation, Terarecon, Techniscan, BSD Medical, and Photo Diagnostic Systems.
Douglas P. Boyd, Ph.D., Chief Executive Officer, is an internationally recognized CT expert, in both medical and security fields. He has pioneered the development of fan-beam CT technology, Xenon detector arrays and electron beam tomography (EBT) scanners. He is the founder, Chairman and CEO of Imatron, the producer of EBT scanners, which was acquired by GE Healthcare. He is also a founding member of InVision Technologies, a developer of airport explosive detection systems (EDS). He has served on its board until its acquisition by GE. Dr. Boyd is the Managing Director of Imaging Technology Ventures, Inc., and is also on the boards of Imaging Technology Group, TechniScan, BSD Medical Corporation and HealthAddress.
Dr. Boyd is an Adjunct Professor of Radiology at the University of California, San Francisco and has authored over a hundred scientific papers. He is a frequent invited speaker at universities and symposiums. Dr. Boyd holds thirteen U.S. patents and several others pending.
Bernard M. Gordon M.S., Dr. Gordon is a distinguished businessman and renowned inventor and expert in imaging technology. Dr. Gordon received B.S. and M.S. degrees in Electrical Engineering from the Massachusetts Institute of Technology and has been awarded several honorary degrees in Engineering and Science.
He has founded a number of innovative businesses and many have grown into substantial corporations including Neurologica Corporation, which he co-founded and serves as its President, and Analogic Corporation, which he founded and served as its C.E.O. and President. More recently he founded Photo Diagnostic Systems Inc, a leading company in the PET imaging market and a partner with Telesecurity Sciences in the development of new CT scanning equipment. He remains an active entrepreneurial innovator. Dr. Gordon serves as the Chairman Emeritus of Lahey Clinic Foundation. He serves as a Trustee of Tufts University.
He is considered as the “father of analog to digital conversion” and widely known for his inventions and contributions to signal translation, medical tomography and other high precision instrumentation products and applications. He has received the National Medal of Technology from President Reagan and was elected a member of the National Academy of Engineering. He holds more than 200 patents worldwide.
A lifelong inventor, Dr Gordon’s creations include the fetal monitor, the high speed analog to digital converter, the instant imaging computer aided tomography scanner and Doppler radar. He is the primary architect of the multi slice dual energy computer tomography system that is used in over 1000 eXaminer scanners throughout the world.
Samuel M. Song, Ph.D., Chief Technology Officer, received the SB, MS, and Ph.D. degrees from MIT, UCLA and USC, respectively, all in Electrical Engineering. He has over twenty-five years of industrial and academic research and development experience in imaging and image processing systems.
Dr. Song has served on the faculty of the Department of Radiology at the University of California, San Francisco, and on the faulty of School of Electrical Engineering at Korea University, Seoul, Korea. Most recently, he served on the faculty of the College of Engineering, Seoul National University, Seoul, Korea, as an Associate and Full Professor. He has published nearly a hundred scientific papers in international journals and conference proceedings. Dr. Song holds four US patents and has several others pending.
Hui Hu, Ph.D., Chairman of the Board, has over twenty years of experience in medical imaging industry, particularly in multinational, midsize, and startup companies. He was a Senior Physicist at GE Healthcare where he designed several GE flagship products, including the LightSpeed (multi-slice) CT scanner, and received numerous awards. He is the founder, President and CEO of HInnovation, which was acquired by Vital Images.
Dr. Hu is an Associate Adjunct Professor of Radiology at several US medical centers and has published extensively in international journals and conferences. Dr. Hu is an inventor of over forty US patents.
Brian A. Chard, F.C.I.S., Chief Financial Officer is a qualified Accountant and Company Secretary. Mr. Chard is a UK Citizen and is also a Director of one of Telesecurity Sciences’s main stockholders, Global Secure Limited. He has many years experience in raising equity finance and was responsible for the financial management and control of the Belfry Property funds, a series of multi million $ UK commercial property funds . His particular emphasis was on the creation of funding relationships and investor liason.
Mr. Chard has been closely involved in the founding of a number of successful start-up and early stage property development and technology businesses.