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So true.. Thats why I think you see interest in the stock recently. I truely think this is the most under appreciated stock on the OTCBB, there are other companies with nothing but IP, one man operations that are trading higher, which is really frustrating. My payback will be once I release the Beta Prototype and shock the medical community as well as the market. My investors, who believed in me and the company will all laugh their way to the bank!
Dean
Tim,
Yes I am finding that out. Cool forum.
Dean
Doc,
Thanks.. Anything to get the word out. This is by far the most under-valued stock out there right now. There are so many one man operations, tired technology, mines and others that are doing better without our potential.
Dean
Doc,
Send me an email to dean@imaging3.com and give me your contact info and we can move forward.
Dean
Doc,
I completely understand, without seeing the technology first hand you will probably have quite a few questions. To start the comparison to C-arm technology is good, yes real time 3D imaging is going to be updated and displayed at 30 frames per second, actually quite faster, but the human eye cannot really take any faster, makes us dizzy. Yes you will be able to playback and injection run and have roadmapping, opacification and subtraction capabilities all rivalling current products, that actually is the easy part.
Yes physicians will very much like the real time capabilities for interventional work in all areas. 3D real time is the most exciting aspect of the technology, CT just makes it that more valuable and is an option many hospitals will want and will make the purchase of the new technology more versatile.
We expect to have the same image quality of CT scanners as well as the contrast ratio, since flat panel detectors have improved so much over the years.
Whole body scans are not our focus just yet, as you know the medical comunity is debating its worth for diagnosis versus the risk of exposing the patient unnecessarily to a high dose of radiation. But yes our device will be capable as well as the table will move on several axis'.
We accomplish our imaging through high dose pulse fluorography which is short bursts of energy for each individual image. This is commonly used in cath labs today and is important not only for high contrast and resolution but for eliminating motion artifacts. Cumulative dose from this method depending on how many images acquired is usually less than standard fluoroscopy, which is always on.
Wow, alot of questions this time. I hope I answered them all if not feel free to continue asking.
Dean
Did everyone see the stock today, up from $0.215 to $0.29 a 34.88% increase!!!
Dean
Doc,
In current the fluoroscopy devices real time is the display rate which is 30 frames a second. The Dominion scans in 360 degrees every .2 to .8 seconds depending upon how many images are acquired in the rotation. These images roughly 30 are instantly entered into the construct, the first construct may have a slight delay of a second or less as the construct is initially formed, but the proceeding images are updated in real time. The exposure to the patient is minimize by using high dose pulsed fluoroscopy, taking shots at .01 to .05 seconds. These are higher than standard fluoro, but less actual exposure time, so cummulative exposure remains either the same and in certain cases substancially less, up to 50%.
You are most welcome to give this technology a look or even test when we have finished the Beta prototype. I would need to know more about your credentials and you may have to sign some NDA and other paperwork. However, you have the right attitude that we need for the continued improvement of our product. I only ask physicians testing our device straight unfettered feedback, negative or positive. I actually prefer scepticism and objectivity.
Dean
Doc,
We anticipate the prototype to be ready for Beta by the end of this summer or early fall. We may do animal or cadaver tests initially to get a jump on development ideas. I am friends with several animal and cadaver labs so it won't be difficult to get in as well as this is cool technology and they would be very receptive.
Publically I cannot tell you yet who we are Beta testing with since we are still working the legal details with two very prominant LA University Hospitals. We expect to do a press release in a month or so detailing each. Sorry legal issues...
Dean
nmbr1stckpckr,
I think you may have misunderstood my answer or my answer wasn't clear enough. Since the radiation exposure from the Dominion is in the same range as a mobile c-arm, lead lining in OR rooms are not necessary. This is also true for ER and ICU rooms. Only if the device is to be used in a fixed room environment will their be a neccessity for lead lining in the walls as is the case with c-arms and other imaging devices. So the impact on the market would be zero since the effect is the same as standard imaging equipment.
I know this may not make sense, but the FDA and states vary on the need for lead shielding requirements. I seems odd that you are allowed to use an x-ray device in a patients room with two patients in it and only imaging one, but it is allowed. The dose range or x-ray exposure of the Dominion is similar to fluoroscopy and in some cases up to 50% lower, depending on the resolution and number of images used to create the 3D construct.
I hope this better answers your initial question.
Dean
Doc,
Again you are right on the money as far as the interest of the mobile CT aspects of the Dominion. Calibration and maintenance are a concern, but mobility always causes issues. The gantry's construction is simplicity as are the alignment aspects, so I think Beta testing will be key for determining long term effects. My mechanical engineer and myself feel very confident that our design is bullit proof, but real world testing tells all. That is why we decided to Beta Test before we release.
The CT aspect is actually relatively simple and can be accomplished via software and through mechanical fulcrum slice technic's. The portability is extremely important for hospitals, surgery centers and even physician clinics as is using standard 120 VAC. Price is important as well as to how many a hospital purchases, but I think the versatility will be the biggest selling feature and price won't rule the day.
Thanks again for your input, you as always are providing good insight into our product and its market.
Dean
nmbr1stckpckr,
There are several challenges when developing new technology. Lead lined walls would be required for most x-ray technology uses, so this isn't something new. The key challenge I see is the acceptance and building desire to use this technology. This is why we were at the largest trade show for three years prior to having the technology developed. We have been building an increased interest within the medical community and we should do exceptionally well this year, hopefully taking orders.
Technologically, it is frustrating that we can't move through development faster, but considering this is breakthrough technology, we have been forced to be patient as we continue to make progress. If it were up to all of us, the Dominion would be done last year, but fortunately we'll have it finished this year!
Dean
Doc,
You are so right on the mark as too the potential of our technology and its ability to increase accuracy and speed to perform procedures. This will make medicine more profitable for physicians by eliminating guess work, increasing their throughput and time spent per procedure, meaning more procedures could be performed in a single day with less trouble and worry.
The CT option is still being developed and will be a key element in our Beta Testing. I don't think we are going to try to compete to extensively with 64 & 128 slice scanners just yet. They produce an extreme amount of dose to the patient and as I am sure you are aware considerable debate is ongoing as to the risk versus reward for the patient. Just having the ability to even provide a single slice would be unique and highly sought after in areas not having this technology available, such as the OR, ER and ICU. Fortunately we have a significant amount of physician investors whos opinions we will constantly seek during Beta.
I'm glad you see the potential and have invested. This is going to be a great year for this company!
Dean
Tim,
We will file an initial 510(k) application with the FDA prior to Beta Testing, as it is required by them. I expect the process to take between 6 to 9 months for approval worst case.
We will build the first 50 to 100 systems here in the US, using outsourced manufactures for the parts and Gantry frame. The x-ray source and detector are off the shelf items, though customized for our needs. We intend on partnering with an over-seas manufacturer, most likely in Korea, since they are still inexpensive, more reliable and stable society, honor US intelectual property and have similar FDA requirements when manufacturing medical equipment. Though we aren't married to any company or country, they must atleast meet our requirements for intellectual property protection and quality standards.
We may license to several manufactures, but it wouldn't work well with existing CT Technology, really complicated to explain in detail. What will work better is a license to distribute, non-exclusively to several medium market players, which I am meeting a few this month to discuss.
Thanks for spreading the word! It helps when others can understand the potential of the company and product and give their unbiased opinions.
I don't mind aliases... You have a great perspective and a cool logo.
Dean
Doc,
Yes the Dominion will be able to perform CT in both software emulation as well as mechanically via a tomography scan. The images will be release shortly before we start beta testing and will be posted on our website. We are still developing the software so unfortunately we don't have anything to show you yet. More info will be available on our website about the options and functionality later this year as well. As I had stated earlier in a response, we initially thought CT would be a trivial option, but physicians like yourself told us differently. Could you explain to the board, why this isn't trivial, they would give it more attention coming from a physician, since I am obviously biased.
Dean
Tim,
No problem... It is extremely important to me and my staff at Imaging3 to have open communication with any interested investors. Individual public relations is not only the most gratifying but it builds stronger bonds and momentum with individual investment and support of our company. As always I'll check the board and answer any questions.
ps... cool symbol
Dean
The 2003 CT article is an excellent post. The CT aspect of the Dominion is just one part of what makes it so attractive. The Dominion is a mobile device which fits through a standard door and plugs into regular wall power, with the CT option it is roughly 1/3 the cost of fixed room CT devices! This is part of our development plan to make the Dominion extremely attractive to all size hospitals, surgery centers and even physician offices. Another attractive feature from the CT perspective is the loop hole in the "Stark Law", which allows physician ownership of mobile devices. Since standard CT devices aren't mobile, physicians are limited to ownership.
Dean
Tim,
Good questions. Our business plan is extremely agressive and I won't post projections until we complete Beta testing, but as you can see it will be very easy to break over $100M a year in product sales. Our goal is to intially place a dozen or so systems in prestigious hospitals accross the country. These will be our "Luminary Sites" from which we will be able to have interested purchasers access to the devices in use as well as talking to the physicians who use them. From this we hope to build sales to a very large volume a year, expecting hospitals to purchase multiple systems.
Internationally we have developed markets in Europe and elsewhre. China is a huge market, but we must tread lightly since they still don't respect intellectual property rights well enough yet. This doesn't mean we won't sell or manufacture there, just that we will be cautious.
We most definately will be targeted by the major OEM's and have spoke with many of them already, having NDA's with almost all of them. This could be good for investors and the technology as well. Being public both leaves us open and protects us from being acquired. Depending upon the timing they would have to make an offer we all would consider worth be purchased and I mean a pretty good size check! GE is cash happy and have spent billions acquiring companies and have done so at very large prices.
Our Imaging cart uses cables for now, though we do have wireless interfaces for our imagery. We will see how well that works and some cool things we can incorporate into the design. Apple has a cool application we will incorporate which allows 3D imagery to be viewed on an iPod.
The learning curve will be very short since we are not creating anything they aren't familiar with. The 3D real time will be a natural imagery that will just amaze them, our CT portion will be similar to what they are using and viewing now.
The current 3D technology doesn't even compare, it is all reconstructive work. This means they perform a scan which takes minutes to hours then reconstruct the data to a 3D model. This is viewing a past event without the capability to view in real time. Also they do a horrible job in their modeling adding surfaces to images that are supposed to be transluscent. I think you will find once our system is ready and in beta, this will become the standard for not only real time imagery but 3D reconstructive technology as well.
I hope this answers your questions, if not feel free to ask more.
Dean
T4M,
Sorry I was out, I had some late afternoon meetings. If you leave me a voicemail with your contact info I will return your phone call. It may not be right away, but I always return investor info calls as it is important to me. There are only 70M shares currently in the float, approximately 85 to 91M will be in the float by this time next year since we have a PPM open with 1 year legend hold.
Pennaluna was our initial market maker and sold a good deal for the 1st 30 days after which other market makers have participated since.
The product is being developed and we expect to Beta test it by the end of this summer. Look for some upcoming news in the next few months there are several prestigeous universities and hospitals that will participate in Beta.
We have attended RSNA, Radiological Society of North America, the single largest medical trade show in the world. We have recieved a great deal of interest from several physicians and hospitals world wide and we expect to display our Beta prototype this year and start taking orders for luminary sites.
The product does require FDA approval through a 510K submission, no Pre-market approval is necessary since the technology we are using is a known quantity. I have personally performed 3 successful 510K applications 2 for myslef and I for Toshiba a company I used to work for. The longest approval was 120 days.
I am always happy to answer questions, thank you for your interest.
Dean
Hi,
My name is Dean Janes and I am the CEO of Imaging3. I am happy an investor board was created and I will make myself available to any questions by current and potential investors. My email address is dean@imaging3.com and our office number is 1-800-900-9729, my ext is 109. I will check in from time to time and try to be available to answer questions as much as possible online.
Sincererly,
Dean Janes, CEO Imaging3, Inc