Rimage CD/DVD Publishing Systems Integrated Into TDK
Electronics Corporation's Medical CD Recording Station For Medical Imaging Market
MINNEAPOLIS--(BUSINESS WIRE)--July 15, 2002--Rimage Corporation (Nasdaq:RIMG) today announced that it has entered a strategic partnership with TDK Electronics Corporation, through which TDK will integrate Rimage CD/DVD publishing systems into its Medical CD Recording Station for the global medical imaging market.
TDK will integrate Rimage CD/DVD publishing systems into the CT, MRI and other radiology equipment from several leading manufacturers, including GE Medical, which has established the leading position in the medical imaging market.
Initial shipments of these integrated imaging systems are anticipated in Rimage's third quarter ending September 30.
Bernard P. Aldrich, president and chief executive officer, commented: "We are pleased to be working with a company of TDK's global stature. This partnership represents a significant new opportunity for Rimage, because it is estimated that approximately 4,000 stand-alone imaging centers and another 4,000 hospitals have imaging capabilities. Due to the diagnostic benefits of imaging, this market is expected to continue growing significantly over the next few years. Rimage is now positioned to participate in this growth through our TDK partnership."
Imaging equipment integrated with Rimage CD/DVD publishing systems will enable hospitals and clinics to:
-- Replace conventional film-based patient files with a CD,
resulting in significant cost savings for the institution.
-- Share information easily with physicians and patients, since
CDs can be viewed on any standard personal computer.
-- Increase storage and distribution efficiencies, because the
Rimage publishing systems function like a network printer.
Rimage Corporation is the world's leading provider of recordable CD and DVD publishing systems, which are used by businesses to produce discs with customized digital content on an on-demand basis. Rimage's publishing systems, which span the range from high to low CD/DVD production volumes, integrate robotics, software and surface label printers into a complete publishing solution. Rimage is focusing its CD/DVD publishing solutions on a set of vertical markets with special needs for customized, on-demand digital information: digital photography, banking and finance, medical imaging, business offices and government.
Statements regarding the Company's anticipated performance in 2002 are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the computer data storage market, competitive products and changes in technology, factors in overseas markets that could affect international sales, and other factors set forth in the Company's filings with the Securities and Exchange Commission.