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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Barco N.V.    BAR   BE0974362940

BARCO N.V.

(BAR)
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Delayed Quote. Delayed Euronext Bruxelles - 10/23 11:35:06 am
13.85 EUR   -0.93%
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Barco : Four Points Technology Teams Up with Barco to Help VA Physicians Tackle COVID-19

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07/30/2020 | 10:40am EDT

Atlanta - 25 June 2020: Barco Inc. and Four Points Technology, selected by the Department of Veterans Affairs, to produce and deliver home read solutions to 400 VA facilities as physicians continue their fight against Covid-19.

Four Points Technology is an established,reputable name fordeliveringIT and clinical solutions to Government customers.Barco, recognized as the leader in Medical Imaging Diagnostic Displaysfor well over decades,teamed with Four Points.Together, theydesigned and configured a seamlessly deployable home reading solution to the VA that mirrors their hospital reading environment, which was a key requirement.

'Four Points is pleased to provide the VA with the leading Medical Imaging solutions necessary to continue their critical mission, regardless of what impacts the Covid-19has on workplace and social distancing necessities. Our hospitals must provide excellent care to their patients without delay, and this solution provides the same quality capability they would have in their hospital settings.As a small business focused exclusively in serving our government customers, we'repleased to work with Barco to solve this critical requirement,' stated David Gilchrist, Chief Executive Officer at Four Points Technology.

Per the VA's request, Four Points and Barco wereto provide multiple home read solutions to 400 of their medical centers and home reading offices.The requirement was togive physicians a solution that allowed them to work from home as the Covid-19continues tofluctuatethroughoutNorth America. This is a situation that extends beyond the VA, with many medical workers looking for alternative ways to continue performingquality clinical interpretationfrom a remote setting.

By combiningBarco's home read solutionwith Four Points' VA knowledge and expertise, the partners willenableVA physicians toworkremotely with the same diagnostic confidence andmedical compliancemaintainedwithinhospital walls.The team recognized and designed the solution to ensure all VA regulatory and security standards were met, regardless of delivery location.

'This is a true summation of the benefits and possibilities that arise from a great partnership. By teaming up with Four Points and blending their medical expertise with Barco's 6MP Fusion display, we're confident VA physicians will be able to embrace remotereadingwith ease. Our ability to technically reproduce the Hospital Reading Room at home, and deploying these systems within 30 days, makes it possible for VA physicians to deliver the highest level of patient care to our Veterans in the shortest and safest amount of time. Barco is honored to help VA clinics across the nation, and ultimately, contribute to the betterment of our communities.' - Mike Sklar, VP Healthcare Sales for the Americas at BarcoInc.

With Barco, the VA receives a solution standardized around the6MP DisplaySystemsthey use in their various facilities. It's paired with Barco's QAWebCalibration and Monitoring Software, which is theindustry's first and only web-basedservice for high-grade Quality Assurance. Thesetwoproducts combine to createan ideal solution for physicians toreduce the risk ofCovid-19 in a safe setting while maintaining, if not improving,the efficiency they haveat their clinics.

Time is of the essence

After the partners were awarded the two contracts, Barcohad to fulfill almost 500 product orders for the 400 different VA facilitieson an expedited schedule.What's more, the remote reading solutions will be distributed across 87 different ground points within the specified timeframe. Given Barco's manufacturing and logistical expertise, the 6MP DisplaySystemsand online services will be landing at the various sites within days. This will allowthe VA tocontinueimprovingpatient and physician safety during,and after the Covid-19pandemic.

About Four Points Technology

Four Points Technology is a CVE-verified Service DisabledVeteran Owned Small Business (SDVOSB) delivering IT and clinical solutions to our Government customers around the world. We partner with top manufacturers and software companies to provide our customers with leading edge information technology solutions.

As a Federally focused prime contractor, Four Points Technology offers a strong contract portfolio that includes Government-wide contracts such as GSA MAS schedule, CIO-CSand SEWP V as well as multiple agency-specific IDIQs and BPAs. Our disciplined approach to the management of product delivery and ancillary services provides access to the latest technology in an environment that supports rapid implementation, clear productivity gains, and short ROIs.

About Barco

Barco designs technology to enable bright outcomes around the world. Seeing beyond the image, we develop visualization and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise (from meeting, classroom and control rooms to corporate spaces), Healthcare (from the radiology department to the operating room), and Entertainment (from movie theaters to live events and attractions). In 2019, we realized sales of 1.083 billion euro. We have a global team of 3,600 employees, whose passion for technology is captured in 400 granted patents.

Sheila Ortiz
Marketing Segment Lead, Healthcare
Barco n.v.

Disclaimer

Barco NV published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 14:40:20 UTC


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Financials
Sales 2020 783 M 929 M 929 M
Net income 2020 7,00 M 8,30 M 8,30 M
Net cash 2020 267 M 317 M 317 M
P/E ratio 2020 66,0x
Yield 2020 2,86%
Capitalization 1 220 M 1 445 M 1 447 M
EV / Sales 2020 1,22x
EV / Sales 2021 1,05x
Nbr of Employees 3 636
Free-Float 74,0%
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 20,33 €
Last Close Price 13,85 €
Spread / Highest target 80,5%
Spread / Average Target 46,8%
Spread / Lowest Target 15,5%
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Managers
NameTitle
Jan de Witte Chief Executive Officer & Director
Charles Beauduin Chairman
Rob Jonckheere Senior Vice President-Global Operations
Ann Rita Desender Chief Financial Officer & Senior Vice President
Xavier Bourgois Senior Vice President-Information Technologies
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