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Enter Symbol
or Name
USA
CA



LED Medical Diagnostics Inc
Symbol LMD
Shares Issued 100,393,519
Close 2015-07-31 C$ 0.265
Market Cap C$ 26,604,283
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LED to distribute EnvisionTec's 3-D printing systems

2015-08-04 09:26 ET - News Release

Dr. David Gane reports

LED MEDICAL ANNOUNCES DISTRIBUTION AGREEMENT WITH ENVISIONTEC INC.

LED Medical Diagnostics Inc. has entered into a distribution agreement with 3-D printer manufacturer EnvisionTec Inc., becoming a provider of EnvisionTec's 3-D printing solutions to dentists, dental specialists and dental laboratories across the United States and Canada. According to a report published by SmarTech in May (3-D printing in dentistry 2015: a 10-year opportunity forecast and analysis), the forecasted value of hardware, materials and printed components enabled by 3-D printing in dentistry is expected to hit $3.1-billion by 2020, crossing $2-billion next year. The report also notes that total sales of 3-D printing systems to dental labs or professionals, which is currently at $240-million, will double by 2020.

"We are very committed to 3-D imaging technologies and offering a complete dental CAD/CAM workflow," stated LED Medical chief executive officer Dr. David Gane. "EnvisionTec provides world-class solutions that are complementary to our current product portfolio and the print media will be an additional source of recurring revenue."

EnvisionTec is a world leader in 3-D printer manufacturing with applications across multiple industries, including oral health care. The solutions built by EnvisionTec are optimized for a number of specialized printing materials with a broad portfolio of dental applications. EnvisionTec printers integrate seamlessly with leading dental and dental specialty CAD software programs taking the efficiencies of digital design to the production stage allowing clinicians and technicians to rapidly produce crowns, bridges, models, surgical guides and a range of orthodontic appliances in just a few clicks.

"Three-dimensional printers have tremendous utility for dental offices and dental laboratories as a growing number of offices adopt digital CAD/CAM workflows to create efficiencies and reduce lab-related expenses," stated Dr. David Gane, LED Medical chief executive officer. "EnvisionTec's dental printers are ideal due to their small footprint, competitive price point and wide range of print material options."

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