QualityStocks News - Journal of Radiology Inks Licensing Deal with Interactive Spaces

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Licensing agreement enables Journal of Radiology to license and market Interactive Spaces technology and related products worldwide

...technology will give us the competitive edge to be the first to market...

QualityStocks would like to highlight Journal of Radiology Inc., a publicly traded development stage interactive media display company specializing in touchless, gesture - hand and body motion enabled software solutions that combine body motion with interactive surfaces, including walls, tables, windows and floors.

In the company’s news yesterday,

Journal of Radiology announced that it has signed a definitive license agreement with Interactive Spaces, a Canadian-based company specializing in touchless, gesture recognition technology.

Per the agreement, Journal of Radiology will license Interactive Spaces’ products, technology and brand name. The deal also allows Journal of Radiology to market interactive floors, walls, and multi-touch surfaces to customers globally.

"The licensed product allows us to utilize the computer vision and gesture recognition core technologies developed by Interactive Spaces. This technology will give us the competitive edge to be the first to market, when developing applications for multi-touch surfaces," Aaron Shrira, president of Journal of Radiology stated in the press release.

Shrira said the company is scheduled to start developing and shipping the products within the next few weeks.

Journal of Radiology will license a wide array of products, including those that feature interactive capabilities; connect and engage directly with consumers in public spaces; and those that have applications for multi-user interactions on a single display screen, among others.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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