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IMEXHS lands $3.5 million Colombian contract upgrade - TechInvest Magazine Online

Written by Staff Writers | Nov 26, 2019 10:21:06 AM

Imaging Software as a Service (SaaS) and ancillary solutions provider IMEXHS Limited (ASX: IME) has signed a contract with radiology services provider AI-RAD S.A.S. for the supply of additional equipment and software for its operations in Colombia.

IMEXHS CEO Dr German Arango said the Platform as a Service (PaaS) contract has a term of seven years and a total contract value of $3.5 million, payable on a monthly basis.

AI-RAD is an existing customer of IMEXHS and the counterparty to the largest contract to date, with operations involving all major modalities (such as X-Ray, PET, CT, ultrasound, etc).

“This further contract with AI-RAD is significant for IMEXHS as it validates the benefits of the HIRUKO solution and reinforces the strong working relationship we have built over the past 12 months,” Dr Arango said.

We look forward to continuing to work with AI-RAD, as they realise the high productivity that can be achieved through using HIRUKO and the enabling role it plays in the growth of their business.”

Dr Arango said the new software and equipment installation are an integral part of planned business expansion by the customer.

The new contract provides for the supply of HIRUKO together with six modalities.

The contract requires a total capital expenditure of $1.074 million, with the majority of the equipment (77%) being financed by the external equipment vendor at 12% per annum repayable over three years and the remainder financed by existing credit lines.

At the end of the seven-year contract period, the ownership of the equipment will transfer to AI-RAD.

imexhs.com.au