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September 19, 2011
IMRIS and MDA Advancing Image Guided Surgical Robotics Program
First demonstration set for 2011 Congress of Neurological Surgeons in Washington,
D.C
Winnipeg, Manitoba and Richmond, B.C., September 19, 2011 - IMRIS Inc. (NASDAQ:
IMRS; TSX: IM) and MacDonald, Dettwiler and Associates Ltd. (TSX:MDA),) today announced an agreement for the final phases
of collaborative development of IMRIS's MR guided surgical robot, building on the
development work the two companies have completed to date.
IMRIS and MDA began work on a robotic surgery system in 2010 with the goal of commercialization.
The system is being designed initially to perform microsurgery and biopsy-stereotaxy
applications on the brain with sub-millimeter precision by bringing the capabilities
of surgical robotics together with real time MR imaging in a fully integrated IMRIS
surgical suite under the full control of the neurosurgeon. Ultimately, the technology
is expected to extend into a broad range of surgical applications.
The system features two robotic arms that can manipulate MR-compatible tools at
a microscopic level from a remote workstation. The surgeon sees detailed three-dimensional
images of the brain and the surgical tools, and uses hand controllers equipped with
enhanced touch sensation that allow the surgeon to feel tissue through the robotic
arms and surgical tools and apply appropriate pressure as they operate.
A clinical trial utilizing the first generation of the robot on a cohort of 120
patients is currently underway, led by Garnette Sutherland, MD, Professor of Neurosurgery,
at Calgary's Foothills Hospital. The first public demonstration of IMRIS' robotic
technology will be at the Congress of Neurological Surgeons in Washington DC, where
Dr. Sutherland will share his experiences on October 3 and 4, 2011 with delegates
visiting the IMRIS booth.
Under the terms of the multimillion dollar agreement, MDA is IMRIS's development
and preferred manufacturing partner for image-guided surgical robotics. The two
companies have made significant progress in advancing the new IMRIS image guided
surgical robotic system toward commercialization. Given current development plans,
IMRIS anticipates being in a position to seek regulatory approval as early as the
second quarter of 2012.
"Recognition of the benefits of medical robotics continues to grow, and market demand
for these value adding capabilities is increasing around the world." said David
Graves, CEO of IMRIS. "We believe the availability of surgical robotics within IMRIS's
image guided surgery suites will prove very compelling for clinicians."
About IMRIS
IMRIS (NASDAQ: IMRS; TSX: IM) is a global leader in providing image guided therapy
solutions. These solutions feature fully integrated surgical and interventional
suites that incorporate magnetic resonance, fluoroscopy and computed tomography
to deliver on demand imaging during procedures. The Company's systems serve the
neurosurgical, cardiovascular and neurovascular markets and have been selected by
leading medical institutions around the world.
Forward-Looking Statements
This press release may contain or refer to forward-looking information based on
current expectations. In some cases, forward-looking statements can be identified
by terminology such as "anticipate", "may", "expect", "believe", "prospective",
"continue" or the negative of these terms or other similar expressions concerning
matters that are not historical facts. These statements should not be understood
as guarantees of future performance or results. Such statements involve known and
unknown risks, uncertainties and other factors that may cause actual results, performance
or achievements to be materially different from those implied by such statements.
Although such statements are based on management's reasonable assumptions, there
can be no assurance that actual results will be consistent with such statements.
Forward-looking statements are subject to significant risks and uncertainties, and
other factors that could cause actual results to differ materially from expected
results. These forward-looking statements are made as of the date hereof and we
assume no responsibility to update or revise them to reflect new events or circumstances.
About MDA
MDA provides advanced information solutions that capture and process vast amounts
of data, produce essential information, and improve the decision making and operational
performance of business and government organizations worldwide.Focused on markets
and customers with strong repeat business potential, MDA delivers a broad spectrum
of information solutions, ranging from complex operational systems, to tailored
information services, to electronic information products.The Company's common shares
trade on the Toronto Stock Exchange under the symbol (TSX: MDA).
Forward-Looking Statements
This release contains forward-looking statements and information, which reflect
the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA") with respect
to future events and financial performance. The forward-looking statements in this
regard include statements regarding the award of a contract. Any such forward-looking
statements are based on MDA's current expectations, estimates, projections and assumptions
in light of its experience and its perception of historical trends. The factors
and assumptions underlying the forward-looking statements in this release include
contracts not being terminated. Any such forward-looking statements are subject
to a number of risks and uncertainties that could cause actual results to differ
materially from current expectations. MDA cautions readers that should certain risks
or uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary significantly from those expected. The risks that could
cause actual results to differ from current expectations include failure of third
parties and subcontractors; failure of systems to meet performance requirements
and failure to anticipate changes in technology, technical standards and offerings
or comply with the requisite standards.
For additional information with respect to certain of these risks or factors, plus
additional risks or factors, reference should be made to MDA's continuous disclosure
materials filed from time to time with Canadian securities regulatory authorities,
which are available online at www.sedar.com or on MDA's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form or content
of this release.
For further information, please contact:
Brad Woods
IMRIS Director Investor Relations
& Corporate Communications
(204) 480-7094
bwoods@imris.com
Wendy Keyzer
MDA External Relations
(604) 231-2743
wendy@mdacorporation.com
Related Websites:
www.mdacorporation.com
www.imris.com
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