SANTA MONICA, Calif., July 18, 2012 /PRNewswire/ -- Journal of Radiology Inc. (JRRD.OB) announced today that it has signed a Letter of Intent to acquire a license to the gesture recognition technologies from one of North America's leading software developer Interactive Spaces.
The letter specifies the principal terms of a definitive license and manufacturing agreement expected to be completed in the next few days. A number of commercial products are anticipated to be developed and introduced under the planned agreement.
"The licensed technology is structured to enable Journal of Radiology to offer innovative new products and applications utilizing gesture recognition," said Aaron Shrira, President of Journal of Radiology. "New, gesture recognition technologies are becoming increasingly important in home and commercial products," continued Shrira. "We look forward to working with our new technology partner, and believe this partnership will enable us to provide advanced solutions to a global customer base."
About Journal of Radiology Inc.
Journal of Radiology Inc., a 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.
About Interactive Spaces
Interactive Spaces is a Canadian based company specializing in touchless, gesture recognition - hand and body motion enabled, multi-touch software solutions that provide an innovative new way of interfacing with consumers. This technology is rapidly becoming one of the most effective ways of engaging people in a public space – providing both entertainment and relevant information.
Forward Looking Information Disclaimer and Caution: Statements, expectations and assumptions contained in the foregoing press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize.
SOURCE Journal of Radiology Inc.