Three-dimensional-software developer Vital Images has renewed its U.S. and international marketing distribution agreement with Toshiba Medical Systems of Tochigi, Japan.
Toshiba will continue to offer the Plymouth, MN-based vendorâs Vitrea 2 software through its subsidiaries and distributors in more than 50 nations in North and South America, Europe, the Middle East, Africa, Australia, and Asia (except Japan). Toshiba has been offering Vitrea software since 2000 as its 3-D product of choice for customers purchasing its Aquilion and Asteion CT scanners, Vital Images said.
The new agreement is effective through December 31, 2004, and can be renewed by mutual consent. It includes a minimum worldwide revenue commitment from Toshiba of approximately $7.7 million.
For the first nine months of 2003, Toshiba accounted for $9.8 million in sales to Vital Images, a figure that represented 45% of Vital Imagesâ revenues. That compared with $5.5 million, or 37% of Vital Imagesâ revenues, for the first nine months of 2002.
By AuntMinnie.com staff writers
December 15, 2003
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