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ICAD INC (ICAD)
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iCAD : High-tech device that detects breast cancer wins Product of the Year nod

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10/13/2017 | 10:03am CEST

Oct. 13--High-tech device that detects breast cancer wins Product of the Year nod

By KEVIN LANDRIGAN

New Hampshire Union Leader

October 12. 2017 9:24PM

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Diane Clifford, director of marketing for iCAD, Inc., explains the Powerlook Tomo Detection product, which won Product of the Year Thursdayfrom the New Hampshire High Tech Council. (THOMAS ROY/UNION LEADER)

The state-of-the-art leader in saving time, money and lives through breast cancer detection won the 2017 Product of the Year in the 12th annual competition of the New Hampshire High Technology Council.

iCAD Inc. of Nashua made the Powerlook Tomo Detection, which allows radiologists to pore through hundreds of images quickly and accurately and detect breast cancer using three dimensional mammography or tomosynthesis technology.

"iCAD revolutionizes the read for radiologists," said Diane Clifford, the company's director of marketing.

The announcement came at the Manchester Country Club in Bedford after the five finalists gave presentations of their innovations; the audience went online in real time to vote.

"This was really a very competitive group of diverse companies. I seriously could have seen any of them winning this," said Matthew Cookson, executive director of the New Hampshire High Technology Council.

iCAD's winning product will be featured in a display at the I-93 South Welcome Center in Hooksett.

A five-person panel of judges, including New Hampshire Union Leader Business Editor Mike Cote, selected the five finalists.

They included:

--The Wagz Smart Dog Collar: Dover-based Wagz.

It's an all-in-one smart collar that tracks activity, fitness, barking, location and temperature and can be used with an owner's smartphone app.

--The Lightweight Carbon Fiber Assault Ladder: Hooksett-based Pilot Innovations. an advanced composites company.

This telescoping ladder weighs only 18 pounds, extends from 28 inches to 18 feet in under 20 seconds and is built for use by the military.

--Motion Surface banknote security: Crane Currency at the Boston company's research and development center and production plant in Nashua.

Embedded into the $100 bill will be three-dimensional effects to ensure authenticity which with a blue polymer makes it easy to determine whether the paper bill is genuine.

--The DevKit: Bedford-based Vybe Software.

This enables users with no programming experience to create mobile apps and games from iPhones and iPads without having to write any code.

klandrigan@unionleader.com

Business Technology

___

(c)2017 The New Hampshire Union Leader (Manchester, N.H.)

Visit The New Hampshire Union Leader (Manchester, N.H.) at www.unionleader.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 26,1 M
EBIT 2018 -5,92 M
Net income 2018 -6,41 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 1,89x
Capi. / Sales 2019 1,37x
Capitalization 49,2 M
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Number of Analysts 2
Average target price 6,50 $
Spread / Average Target 123%
Managers
NameTitle
Kenneth M. Ferry Chief Executive Officer & Director
Lawrence A. Howard Chairman
Richard C. Christopher CFO, Secretary, Treasurer & Executive VP
Jonathan Go Senior Vice President-Research & Development
Rachel F. Brem Independent Director
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