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3D Medical Printing company completes its Capital raising

by • May 1, 2016 • No Comments

Mach7 (SX:M7T) has closed Friday a $2.52M capital raising at $0.06 per share, a 9% discount of the last closing price. The placement went quite well with institutional investors. Ot can serve the Group in transitioning towards profitcapacity. Following the raising, total number of shares impressive is 950M, for a market cap at $60M. The group led by Albert Liong can use the proceeds for new product development, core platform innovation enhancements and to increase the sales and marketing capabilities.

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Mach7 and 3D Medical merger – April 2016

Mach7 Technologies Limited, formerly 3D Medical Limited, provides a suite of 3D printing, medical imaging and data integration tools to the healthcare industry. In April 2016, as 3D Medical Limited, the Company accomplished an all scrip merger with privately-owned, United States-based global medical software manufacturer, Mach7 Technologies to leverage its suite of existing products into the Australian and US domestic healthcare sector and internationally.

Following completion of the merger 3D Medical changed its name to Mach7 Technologies Limited. The merged entity can stay listed on the ASX (code: M7T). Mach7 has created a Vendor Neutral Archive (VNA) digital image management process which gives medical practitioners the capacity to contribute a additional tailored patient care program by having all of their medical records – regardless of source format – accessible through a single non- proprietary user interface.

3D Medical Printing

Mach7 (3D Medical)’s printing service allows for medical and healthcare practitioners to 3D print physical patient-specific anatomical parts as functional and visual aids utilising the images and data may already captured by conventional diagnostic imaging tools. These printed objects are particularly relevant in rigorous pre-surgical planning and are incredibly beneficial in patient engagement and communication.

Capitol Health utilises the 3D Medical’s 3D anatomical printing services and already generates additional than 1 million scans per annum which are capable of being transformed into 3D models. In 2015 3D Medical and Capitol Health signed a 5-year Exclusive Supply Agreement to donate three-dimensional printing of its diagnostic imaging data.

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