Rimage Launches Medical Solutions Joint Venture in China

MINNEAPOLIS--(BUSINESS WIRE)--Rimage Corporation today announced that its majority owned joint venture, Rimage Information Technology, has received approval of its registration in China and has been issued a business license. Rimage Information Technology will deploy complete digital publishing solutions for medical imaging in hospitals and clinics in China. Ownership is structured with Rimage Corporation owning 51% and Taiwan Electronic Data Processing Corporation (TEDPC), a group of Systex Corporation, owning the remaining 49%.

“As a healthcare solutions company, it is also a significant step and exciting start for TEDPC to cooperate with Rimage in the Chinese market”

Rimage Information Technology is targeting the growing medical market in China by developing and selling the Medical Disc System™; an Integrated Healthcare Enterprise Portable Data for Imaging (IHE PDI) compliant medical imaging disc publishing solution. The Chinese government’s increased investment in healthcare coupled with the Chinese healthcare system’s transition from medical film to optical disc is expected to drive rapid growth of the digital medical imaging market.

“Expanding our presence in China is an important step in our strategy to transform Rimage from a hardware supplier to a provider of total solutions,” said Sherman Black, Rimage chief executive officer. “By leveraging our core technology in a solution targeted specifically for the China market, we believe we can rapidly scale Rimage Information Technology over the next few years. The timing for this commitment aligns well with the significant growth that is occurring in the China healthcare market and the initiatives around healthcare reform. Our solution provides value by improving the delivery method of medical images at a reduced cost.”

“As a healthcare solutions company, it is also a significant step and exciting start for TEDPC to cooperate with Rimage in the Chinese market,” said Phill Shen, TEDPC President. “We are looking forward to working closely with Rimage for great business achievements in China.”

Rimage Information Technology has hired a General Manager, Jason Jiang, who has over ten years of experience working in the Chinese medical solution market. The venture will be based out of Shanghai and initial revenues are anticipated during the second half of 2010.

For more information please visit Rimage.com.

About Rimage Corporation

Rimage Corporation (www.rimage.com) is the world’s leading provider of workflow-integrated digital publishing solutions that produce CD/DVD/Blu-ray Discs^TM with customized content and durable color or monochrome disc labeling. Key vertical markets and applications for our systems include video workflows, retail, medical imaging and law enforcement. In addition, we have launched a multi-year process aimed at transforming Rimage into a higher-performing business. Our comprehensive strategy involves strengthening Rimage’s core disc publishing business; generating new revenue streams by leveraging our core capabilities; transitioning from a hardware supplier into a provider of total solutions; and identifying and investing in future opportunities in adjacent markets with strong growth potential. Headquartered in Minneapolis, Minnesota, Rimage is a global business with operations in North America, Europe and Asia.

About TEDPC

Taiwan based Systex Corporation is Asia-Pacific’s leading IT services provider. With revenues of US $392 million in 2009, its operations branch out to 48 offices in Taiwan, China, Hong Kong, and Southeast Asia.

Taiwan Electronic Data Processing Corporation (“TEDPC”), a group of Systex Corporation, is a leading medical software developer, providing healthcare information and medical imaging solutions in Taiwan. Besides their involvement in innovative government medical projects, TEDPC software solutions include HIS (Hospital Information Systems), PACS (Picture Archiving and Communication Systems), RIS (Radiology information Systems) and EMR (Electronic Medical Records).