Dr. David Gane reports

LED MEDICAL DIAGNOSTICS INC. STRENGTHENS PARTNERSHIP WITH RAY COMPANY, LTD.

LED Medical Diagnostics Inc., through its wholly owned U.S. and Canadian operating subsidiaries, LED Dental Inc./LED Dental Ltd., and Ray Company Ltd., have opened three Ray offices in the U.S. to further support high-growth initiatives in the North American market.

With the recent infusion of venture capital by a prominent Silicon Valley firm, reaching profitability, and coming off the most successful sales year on record, Ray is poised for aggressive growth in the global dental imaging space. It is the joint success between LED Dental and Ray that has resulted in the initiative to increase collaboration and drive additional market share gains.

Ray Company posted year-over-year growth of 190 per cent for 2014, with LED Dental as the primary contributor to this, resulting in its own year-over-year growth of 240 per cent in 2014. Ray plans to open three U.S.-based locations -- Los Angeles, New York and Atlanta -- by the second quarter.

According to Dr. Sangchul Lee, chief executive officer of Ray, "LED Dental is a large part of the plan for long-term growth and goal of becoming the No. 1 player in the dental imaging market." Dr. Lee said: "The North American dental imaging market is critical to the future success of Ray. We have found a kindred spirit in the LED Dental team, sharing our values of professionalism, technological expertise and a commitment to superior patient care."

"It's a great position for both companies to be in," explains LED Medical Diagnostics CEO, Dr. David Gane. "With Ray's new strategic initiative to become an independent entity apart from Samsung, the ability for our two companies to collaborate on new exciting technologies will be taken to the next level. Both companies have recently obtained growth capital, and this will allow us to further accelerate the initiatives that were so successful in driving revenue growth in 2014."

Ray will be announcing a new imaging system at the upcoming International Dental Show in Cologne, Germany, March 10 to 14, 2015. With several additional product launches on the horizon, Ray and LED Dental will have an even broader product portfolio to utilize in their efforts to gain market share industry-wide.

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