Signostics, an Adelaide manufacturer of ultrasound technology, has gained a global distribution deal with Konica Minolta Medical & Graphic for its new Signos RT ultrasound product.
“From humble beginnings, Signostics has already enjoyed tremendous success and is now on the verge of becoming a worldwide leader in fast and affordable point-of-care medical devices,” said Raymond Spencer, chairman at the company, which was established in 2005.
Signostics credited Commercialisation Australia – which provided the company with a $1.9 million grant in 2011, Start Up Smart reports – with helping position the company to take a bigger share of the $3 billion global ultrasound market.
“Under the agreement, Signostics will manufacture the Signos RT with the help of our partner suppliers and deliver it exclusively to Konica Minolta Medical & Graphic Inc under their brand, Sonimage P3, to promote and sell via their existing supply channels in both the human and veterinary markets,” CEO Warren Ortmann said in a statement.
Signostics’ second-generation Signos portable ultrasound device allows users to view ultrasound images in real-time. The first-generation device was made available to the veterinary market in 2009 before gaining approval for use with humans in Australia, the US and Europe.
Adelaide Now reports that South Australian manufacturing minister Tom Kenyon described the distribution deal as “a great example of what can be achieved when industry, researchers and government work together."