VentriPoint Diagnostics Ltd (VPTDF)

[teq0904]

Details from Mr. Adams

1. The sales team is focused on closing sales in Europe and North America. We have put the middle east on hold as not enough people to do everywhere.
2. China is coming along nicely and we expect them to order 10-50 machines from Canada in next 6 months.
3. We will be announcing sales to leading hospitals throughout the summer. We have estimated MD Anderson hospital network will need 500 machines to deal with the 1.5M patients per year. So the first one is just for them to get comfortable with our novel approach and they will start using it clinically as soon as they are trained.
4. We also are working on next generation VMS3.0 for the service business where we would do the reconstructions for a fee. This is the trend in imaging so we want to offer it as well. Target is end of the year to have VMS3.0 ready to deploy with a service provider which we have selected already and already offers analysis services for MRI and CT.
5. We believe that eventually 4D imaging will get good enough to be used clinically (5 years from now?) and then we can stop selling machines and just be an an analysis service with fully-automated reconstructions. Our AI approach to analysis is the only way I know which could be used to do automated analysis so we need to take advantage of this headstart.
6. AI project with Ryerson is beginning to prove this out and should be well advanced by year end. We do not need automation to start the service business but to help it grow with less and less human intervention. So lots going on.