Wireless video co Amimon wins deal with Stryker
The medical endoscopy deal is Amimon's first in the medical field.
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
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options