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IMRIS Signs Long Term OEM Agreement With Siemens Healthcare

IMRIS Inc. (IMRIS) has signed a new master original equipment manufacturer (OEM) agreement with Siemens Healthcare. Under the terms of the agreement, Siemens will supply magnetic resonance imaging scanners and angiography systems as component parts for IMRIS's fully integrated image guided therapy suites.

The agreement is for a five year period with provision to extend the agreement for successive two year terms. The agreement renews and amends the previous arrangement between the two companies for the supply of magnetic resonance imaging scanners that was entered into in November 2005.

IMRIS’s products serve the neurological, cardiovascular and neurovascular markets. IMRISneuro provides magnetic resonance images to neurosurgeons during procedures such as tumour resections. The company’s newest products IMRISNV and IMRIScardio combine timely magnetic resonance imaging with the capabilities of an angiography system to assist clinicians with patients suffering from neurovascular and cardiovascular disorders.

IMRIS is formally introducing IMRISNV and IMRIScardio at RSNA 2009, which is being held at McCormick Place in Chicago from November 29th to December 4th. Demonstrations of IMRIS’s products can be seen at the Company’s booth, No.820, Lakeside Center Hall D.

“The quality of Siemens products and their level of customer service are important contributors to the delivery of IMRIS’s leading edge solutions,” said David Graves, IMRIS President & CEO. “We have developed a very positive relationship with Siemens over the past few years, and we look forward to working together under our renewed arrangement.”