Micro-X Inc. has signed a nationwide US distribution agreement for its Rover mobile x-ray system with Medlink Imaging, for a three-year term with a one-year automatic renewal term. Medlink Imaging is a wholly owned subsidiary of Vieworks Co. Ltd, a major global supplier of imaging plates based in South Korea and listed on the Korean stock exchange [100120.KQ].

A key element of this distribution agreement with Medlink Imaging is an initial commitment to acquire USD 72 million (AUD 0 million) of Rover mobile systems during the first year of the agreement and each year thereafter, once the integrated solution, described below, has been approved by the regulatory authorities. As part of a development agreement with Vieworks Co. Ltd, the current Rover cart and imaging chain will be integrated with Vieworks manufactured digital radiology panels and VXVue software.

This Rover Mobile DR with Vieworks panel and software will then be registered with the FDA by Micro-X which is estimated to be completed during the December 2022 quarter to then enable commercial sales. Medlink Imaging, the largest master dealer of Vieworks panels in the world has received strong interest from its current network of US sub distributors to add the Rover Mobile DR to its range, due to the compelling customer features of smaller size, weight and manoeuvrability of the Rover. Commercial discussions and detailed technical due diligence commenced following Micro-X's debut at the 2021 RSNA conference and included a team of Korean based commercial and technical experts visiting the Micro-X Seattle office.