Intelligent Ultrasound Group (IUG)

Sector:

Health Care

Index:

FTSE AIM All-Share

8.85p
   
  • Change Today:
    -0.35p
  • 52 Week High: 15.80
  • 52 Week Low: 8.00
  • Currency: UK Pounds
  • Shares Issued: 326.87m
  • Volume: 30,109
  • Market Cap: £28.93m
  • RiskGrade: 164

Intelligent Ultrasound reaches milestone in GE HealthCare partnership

By Josh White

Date: Friday 17 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Intelligent Ultrasound announced a significant milestone in its partnership with GE HealthCare on Friday.
The AIM-traded company said its 'ScanNav AI' software, which powers GE's 'SonoLystlive' software, was now a standard feature on the latest versions of the Voluson Expert Series portfolio of ultrasound machines, namely the Expert 22 and Expert 20.

SonoLystlive, driven by Intelligent Ultrasound's ScanNav AI, was described by the company as a leap forward in ultrasound image recognition technology.

It automatically captures real-time ultrasound images as clinicians scan mid-trimester patients.

By following practice guidelines from the International Society of Ultrasound in Obstetrics and Gynecology (ISUOG), the artificial intelligence (AI) software identifies the anatomy, captures the necessary images, and verifies compliance with required views.

The automation significantly reduces the need for manual image freezing, annotation and storage, substantially reducing keystrokes and examination time for sonographers.

Intelligent Ultrasound said the development further solidified its longstanding partnership with GE HealthCare, which includes incorporating its AI technology as an optional add-on in GE's SonoLyst X/IR software on the Voluson SWIFT ultrasound machine.

While the advancement is promising, the company noted that the transition of SonoLystlive from an optional upgrade, with its associated higher rewards and risks of uptake, to a standard feature on GE's ultrasound machines could impact its 2024 clinical AI revenue forecasts.

However, it said it was too early to provide a comprehensive assessment of the impact, with further analysis necessary as the technology was integrated into the market.

"We are delighted that, by incorporating SonoLystlive as a standard feature onto its Voluson Expert 22 and 20 ultrasound machine GE HealthCare is leading the way in using AI software to improve obstetric workflows for the benefit of clinicians and patients," said chief executive officer Stuart Gall.

"The Voluson Expert Series is a market-leading ultrasound machine in the global women's healthcare obstetrics market, and SonoLystlive is a fantastic example of how AI software can help save scanning time whilst de-stressing the scanning environment for the sonographer.

"We remain excited that our novel 'classroom-to-clinic' approach is making clinical diagnostic ultrasound easier to learn and simpler to use."

At 1025 GMT, shares in Intelligent Ultrasound Group were up 3.68% at 9.85p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IUG Market Data

Currency UK Pounds
Share Price 8.85p
Change Today -0.35p
% Change -3.80 %
52 Week High 15.80
52 Week Low 8.00
Volume 30,109
Shares Issued 326.87m
Market Cap £28.93m
RiskGrade 164

IUG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.45% below the market average21.45% below the market average21.45% below the market average21.45% below the market average21.45% below the market average
3.23% below the sector average3.23% below the sector average3.23% below the sector average3.23% below the sector average3.23% below the sector average
Price Trend
53.96% below the market average53.96% below the market average53.96% below the market average53.96% below the market average53.96% below the market average
2.7% below the sector average2.7% below the sector average2.7% below the sector average2.7% below the sector average2.7% below the sector average
Income Not Available
Growth
35.46% above the market average35.46% above the market average35.46% above the market average35.46% above the market average35.46% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

IUG Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
11:50 30,000 @ 9.00p
10:36 109 @ 9.10p

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