Data analytics co Fundbox raises $17.5m
The medical endoscopy deal is Amimon's first in the medical field.
Wireless high definition video connectivity firm Amimon has signed an exclusive deal with medical device giant Stryker which allows Stryker to use Amimon technology in medical endoscopy.
The deal is expected to be worth several million dollars in sales for Hertzliya-based Amimon.
Within a few months, Stryker is expected to begin marketing an operating room system based on Amimon's high definition wireless display technology. Stryker Endoscopy's WiSe HDTV is embedded with Amimon's wireless HD technology.
Amimon has granted Stryker Endoscopy exclusive access to its technology for the medical endoscopy market.
This is Amimon's first deal in the medical field. Amimon usually deals with media customers. An example was a recent deal with Sony to develop a wireless high definition TV, with the signal coming from any video source, whether in a different room or in a closet separated from the video screen itself.
Amimon has raised 33.6 million from VC firms Stata, Evergreen Venture Partners, Walden Israel, Cedar, the Argonaut private equity fund, as well as from strategic investors.
Reviewing the deal, Stryker Endoscopy CTO and vice president of R&D William Chang said, "Only Amimon's high-definition wireless technology is capable of transmitting surgical video with no perceptible lag or interference throughout the entire operating room. This will allow surgeons greater flexibility in positioning the surgical display while operating. In addition, hospitals and surgery centers will save the hassle and cost of routing DVI cables through the ceilings and overhead booms."
Amimon is battling competitors in the short range video transfer field, with each vying to become the industry standard, though all are focused on the entertainment market. Amimon has a group of large companies that support its technology, including Motorola, Hitachi, Sharp, Samsung, and Sony.
The company's technology allows fast transfer of uncompressed video, which prevents loss of information.
Michigan-based Stryker Corporation products include implants used in joint replacement, trauma, craniomaxillofacial and spinal surgeries; biologics; surgical, neurologic, ear, nose & throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment.
Published by Globes [online], Israel business news - www.globes-online.com - on January 5, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments
Fundbox processes invoices, allowing small businesses to fix their cash flow.
Myze locates best credit card offers
Myze trolls credit card companies' sites to match offers to cardholders.
Wix jumps on reaching 46m users
The company's market cap is $853 million, 38% above its IPO, but 27% below its record.
Digital marketing co Kenshoo raises $20m
The company will use the funds to develop its predictive media optimization.
Kaltura's president Michal Tsur: We plan IPO
The video creation company is reportedly worth up to $1 billion.
Digital picture organizer Flayvr raises $2m
The company will use the proceeds to expand US operations and extend its platform.
AudioCodes to build Beersheva R&D center
The company will invest NIS 100 million in the new cloud technologies center.
Cloud security co GreenSQL raises $7m
The company will use the proceeds to support international business expansion.
Amazon, Google, Microsoft battle to host developers
The Internet giants want to attract developers to build apps on their cloud-computing infrastructures.
Internet of Things co Neura raises $2m
Neura will use the funds to develop technology to understand behavioral patterns.
Video optimization co Beamr raises $9.5m
Marker and Google chairman Eric Schmidt's Innovation Endeavors led the investment.
Stratasys acquires Interfacial Solutions assets
Interfacial Solutions provides thermoplastics R&D and production services.
Amdocs CEO: We strive for 5% annual growth
Eli Gelman fears complacency as the company expands in emerging markets.
Intel Israel development center to remain vital
Intel Israel president Mooly Eden tells "Globes" that Israel remains central to the chip company's plans.
SuperCom share price skyrockets 920%
SuperCom CEO Arie Trabelsi tells "Globes" how he has turned around the identity solutions company.
IMI enters cyber security arena
As privatization approaches, Israel Military Industries bets on a market with enormous growth potential.
Wanted: Arts majors for high-tech
Technology companies are looking for creativity, flexibility, and the ability to think outside the box.
2013 boom year for Israeli high-tech
In the first half of the year, there was a 52% rise in demand for mobile and web developers, and salaries are up as well.
CyberArk reboots network security
CEO Udi Mokady: Media reports on electronic surveillance make explaining our product unnecessary.
Architect Eli Attia: Google stole my life's work
Eli Attia has developed an innovative building design and construction concept that Google sees generating $120 billion annually.