Image Guided Technologies, Inc. Signs OEM Agreement With Brewco 360 Degree Collision Repair Systems
9 July 1997Image Guided Technologies, Inc. Signs OEM Agreement With Brewco 360 Degree Collision Repair Systems
BOULDER, Colo., July 9 -- Image Guided Technologies, Inc., today announced a three-year OEM agreement with Nu-Tech, Inc. (doing business as Brewco 360 Degree Collision Repair Systems) of Central City, Kentucky. The agreement requires a minimum purchase of units per year by Brewco to maintain its present pricing of the Pixsys(TM) system and accessories utilized in the company's Wolf(TM) electronic measurement system. Brewco, a manufacturer of vehicle frame straightening equipment for collision repairs with over 3,500 units installed worldwide, has incorporated IGT's Pixsys 3D Digitizer as the measurement component in the Wolf electronic measurement system. This system is intended to satisfy the auto insurance industry's requirement for effective evaluation of collision damage and proof of frame straightening following an auto accident, and provides an entry for IGT into an exciting new market segment. In making the announcement, Image Guided Technologies Chairman and CEO Paul Ray said, "We have worked very closely with Brewco in developing a localizer system to meet their needs. The trend in the auto insurance industry is to verify the extent of damage and subsequent repairs made to vehicles, and the Brewco system addresses this requirement. IGT is very pleased to be a part of this exciting new market." Image Guided Technologies designs, develops, manufactures and markets products for real-time, precise, free-hand, localization of points in 3D space. In medical applications, FlashPoint(R) determines the position of specially designed surgical instruments relative to a patient's anatomy and CT or MR images during image guided surgical procedures. The Company's Pixsys localizer is used in a number of industrial applications to measure the position or shape of objects in 3D space, such as parts inspection and motion tracking. This news release contains forward-looking statements which involve risks and uncertainties including, but not limited to economic conditions, product demand, competitive products and pricing, protection of proprietary information and technology and regulatory actions by the US Food and Drug Administration. Visit our website at http://www.imageguided.com. SOURCE Image Guided Technologies, Inc.