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Scott Parr will continue to serve as iCAD's president and CEO. The ICAD team is a unique group of extremely talented engineers, technicians, specialist installers, and project managers. The Cancer Therapy segment consists radiation therapy products. The Cancer Detection segment include image analysis and workflow products. It operates through the Cancer Detection and Cancer Therapy segments. Rogers founded Qualia in 1997 and acquired CADx in 2002. is a medical technology company, which engages in the provision cancer detection and therapy solutions. If and when the merger is completed, Steven Rogers, president and CEO of CADx and Qualia, will become scientific offer of iCAD. iCAD also will pay $1.55 million in cash and execute a 36-month secured promissory note for $4.5 million to purchase Qualia shares owned by two institutional investors. Under the agreement, iCAD - which trades under the ticket symbol ICAD - will issue 4.3 million shares of its common stock in exchange for all outstanding shares of CADx's parent company, Qualia Computing Inc., and CADX Systems. Both companies specialize in computer-aided detection (CAD) technology to detect breast cancer and have installed a total of more than 300 systems worldwide. The proposed transaction - announced Monday at the annual meeting of the Radiological Society of North America (RSNA) - could be completed as soon as this month. have entered into a definitive agreement to become one company. The company’s major projects in this area include Al Udeid Airbase design and PMC (1980) Design of the new terminal at Jeddah Airport (2008) and technical and financial audit of the New Doha International Airport (2007).įor more information, please contact Egis.ICAD Inc. This new agreement is a strong sign of Egis strategy in the development of its activities in this geographic area, particularly in the Middle East where the group is expanding its aviation team and will be moving to a new regional office in Dubai.Įgis has a long history in the Middle East and has completed a significant number of aviation projects since 1975. New ambitious airport projects are planned in Jeddah, Riyadh, Dubai, Kuwait and Bharain, as well as other major Middle Eastern gateways," said Cedric Barbier. This agreement emphasizes "the will to jointly propose performance solutions to airport and air traffic management stakeholders in an area where the growth of air traffic is around 5% per year for Africa and displays double digit values for the Middle East. Through this agreement, teams from both companies will work closely together in order to develop synergies and propose solutions that cater for the needs of the ambitious Middle East and North Africa aviation markets. The companies actually have strong synergies in their systems engineering activities in aviation, particularly in design, integration and validation of airports and air traffic control systems. The two companies are already collaborating in a project focused on the integration and commissioning of air traffic management and communication, navigation and surveillance systems of a new control tower at a major middle eastern airport. This partnership was signed by Cédric Barbier, director general of the Egis subsidiary specialising in aviation and Sh. Egis and ICAD have signed a strategic partnership at the end of 2014 with the objective of jointly developing commercial business in the Middle East and North Africa.