IQ-AI Limited (IQAI)

Sector:

Health Care

 1.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 5.70
  • 52 Week Low: 1.30
  • Currency: UK Pounds
  • Shares Issued: 221.71m
  • Volume: 47,674
  • Market Cap: £3.10m

IQ-AI's Imaging Biometrics signs Korea distribution deal

By Josh White

Date: Wednesday 28 Nov 2018

LONDON (ShareCast) - (Sharecast News) - IQ-AI announced on Wednesday that its subsidiary Imaging Biometrics has appointed Korea Motion as its first distributor in South East Asia.
The London-listed firm said Korean Motion would sell IB's full range of diagnostic imaging products in the areas of brain tumour detection, using perfusion maps and the monitoring of brain tumour development.

It said the products had been presented to several "leading South Korean hospitals" over the last few months, generating "significant" potential sales interest.

"Our South Korean partner recently demonstrated their enthusiasm and competence in the medical software field through the introduction of 'StoneChecker', securing the first commercial order for that product earlier this month," said Imaging Biometrics chief executive officer David Smith.

"After trialing the full Imaging Biometrics range with several hospitals in recent months we are confident they will repeat this success with our products for detecting and monitoring brain tumors.

"This latest agreement marks the start of a concerted effort by management to develop global markets for Imaging Biometrics' products, building upon the success we are achieving in the United States."

Additionally, IQ-AI said Imaging Biometrics had received ISO 13485:2016 certification for 'Medical Device and Quality Management Systems'.

It said the ISO certification was required for regulatory purposes specific to the medical device industry, with the specific standard supporting the design, development, manufacture, and distribution of medical devices.

To be certified, IQ-AI said companies needed demonstrate their ability to provide medical devices and services that consistently fulfilled customer and regulatory requirements.

"This certification underscores our company's steadfast commitment of providing high-quality products to our clients," said David Smith.

"Maintaining a world-class quality management system is a key goal of IB, and our clients can feel confident that our quality management system provides a solid framework for how we conduct business."

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IQ-AI Limited Market Data

Currency UK Pounds
Share Price 1.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 5.70
52 Week Low 1.30
Volume 47,674
Shares Issued 221.71m
Market Cap £3.10m

IQ-AI Limited Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.74% below the market average74.74% below the market average74.74% below the market average74.74% below the market average74.74% below the market average
51.52% below the sector average51.52% below the sector average51.52% below the sector average51.52% below the sector average51.52% below the sector average
Price Trend
84.71% below the market average84.71% below the market average84.71% below the market average84.71% below the market average84.71% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income Not Available
Growth
10.43% above the market average10.43% above the market average10.43% above the market average10.43% above the market average10.43% above the market average
5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average

IQ-AI Limited Dividends

No dividends found

Trades for 21-May-2024

Time Volume / Share Price
16:12 11,937 @ 1.40p
14:47 13,444 @ 1.40p
11:00 21,213 @ 1.50p
11:00 21,213 @ 1.50p
09:49 514 @ 1.30p

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