Claron Technology Awarded BDC Financing to Support Rapid Growth

  Claron Technology Awarded BDC Financing to Support Rapid Growth

Healthcare IT Innovator Plans for Major Introduction in 2013

Business Wire

TORONTO -- December 05, 2012

Claron Technology Inc. announced today it has raised a first round of
mezzanine financing from the Business Development Bank of Canada (BDC). After
10 successful years in operation, the Canadian medical software company will
use the funds to further accelerate its rapid growth, and strengthen its
product engineering and distribution capabilities.

"We have seen tremendous demand in the market for our enterprise solutions for
web medical image viewing and sharing,” stated Claudio Gatti, co-CEO and
co-founder of Claron Technology. "The partnership with BDC allows us to enter
into a new period of accelerated growth and to continue building our strong
team of innovators."

"Claron is a strong illustration of a successful and rapidly expanding
technology firm fueled by talented and committed entrepreneurs," said Enes
Kula of the BDC's Subordinate Financing Group. "We are extremely pleased to
support the company's continued growth and look forward to participating in
its ongoing contributions to healthcare IT."

"BDC mezzanine financing will be key for our launch next year of a
revolutionary product for the guided implantology market, said Doron Dekel,
co-CEO and co-founder of Claron Technology." Our products fill important
market needs and have been well received among all members of the dental
community. Now, thanks to BDC, we have extra resources to introduce our newest
technology into market more aggressively.”

About Claron Technology, Inc

Claron is dedicated to the application of image processing, image sharing and
image distribution in medicine. It has extensive experience in developing
systems that help clinicians identify anatomy and tissues of interest,
visualize and analyze them, and securely distribute them on a variety of
different platforms from desktop to smartphones. Claron helps healthcare
vendors, ranging from young start-ups to giant device and IT vendors such as
Philips, McKesson and Medtronic, deliver more value to their clinical
customers faster by incorporating its technology into their products. Claron's
technology is licensed in a range of formats, including low-level modules,
platforms, sub-systems, applications and custom engineered exclusive
solutions. For more details, visit www.clarontech.com.

About BDC

Canada’s business development bank, BDC, puts entrepreneurs first. With almost
2,000 employees and more than 100 business centres across the country, BDC
offers financing, subordinate financing, venture capital and consulting
services to more than 28,000 small and medium-sized companies. Their success
is vital to Canada’s economic prosperity.

Contact:

Media:
HealthFlash marketing
Jeanne-Marie Phillips, 203-363-0347
jphillips@healthflashmarketing.com