Novosound, PAVmed companion for ultrasound expertise

Novosound CEO Dr Dave Hughes and PAVmed CEO Dr Lishan Aklog. Credit score: Novosound. Novosound…

Novosound, PAVmed companion for ultrasound expertise

Novosound has entered right into a business partnership settlement with medical expertise firm PAVmed to advance intravascular imaging expertise. 

The corporate said that the brand new deal furthers its transfer into healthcare, in addition to its regional enlargement into North America.

It’s specialised in designing and producing ultrasound sensors utilizing a thin-film method to handle the traditional ultrasound limitations.

The corporate makes use of its in-house design and manufacturing capabilities in engineering a thin-film core materials which is light-weight, compact, excessive temperature resistant, versatile, low profile, and in addition able to producing excessive decision photos.

Novosound CEO and co-founder Dave Hughes mentioned: “PAVmed has a powerful observe file in delivering business stage medical expertise throughout medical gadgets, diagnostics, and digital well being – the group is the perfect companion for Novosound as we more and more acquire traction within the worldwide healthcare sector.”

Not too long ago, the corporate secured $4.49m (£3.7m) in a financing spherical, which was led by funding companies supplier Par Fairness.

Kelvin Capital, Foresight Group (by the Foresight Williams Know-how EIS Fund), and Scottish Enterprise additionally supported the most recent funding.

Par Fairness companion Paul Munn mentioned: “Novosound has developed best-of-class distant sensor expertise that’s relevant throughout a number of sectors, the corporate continues to rack up worldwide enterprise wins together with most lately with PAVmed, and Par is happy to proceed to help Dave and his workforce within the months and years forward.”

Novosound said that its patented thin-film manufacturing course of underpins the corporate’s pioneering non-destructive testing (NDT) merchandise, together with the Nebula, Belenus, and Kelpie.

The skinny-film manufacturing course of eliminates the normal limitations in ultrasound sensors such because the excessive price of high-resolution imaging.