Exciting news from Viking Systems, Inc. (OTCBB:VKNG), a supplier of 2D and 3D visualization systems for the medical market, announced results for the quarter ended September 30, 2009. The Company reported that it has made a significant progression in its objective to reach sustainable positive cash flow from operations and that it is exploring strategic and financing options in order to fund anticipated 2010 operating losses while the Company develops and launches its "Next Generation" 3DHD Visualization System. Additionally, the Company discussed a significant order for its current 3Di system, its technology outlook and several pending changes in its management and governance structure.
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Over the next twelve months Viking Systems intends to complete the development of its unique "Next Generation" 3DHD Visualization System for Minimally Invasive Surgery and currently plans to launch the system at the American College of Surgeon's 96th annual Clinical Congress in October 2010 in Washington, DC.
Viking Systems, Inc. develops, manufactures, and markets visualization solutions for minimally invasive surgery. It offers two dimensional digital cameras to third-party companies who sell to end users through their original design manufacturer programs and original equipment manufacturer programs. The company also provides 3Di System under the Viking brand, an advanced three dimensional (3D) vision system used by surgeons for minimally invasive laparoscopic surgery with applications in urologic, gynecologic, bariatric, cardiac, neurologic, and general surgery. In addition, it offers CardioCam/MiniCam product that provides high resolution video stream of the open field in cardiac surgery and other procedures. The company sells its 3Di System and CardioCam/MiniCam product directly to hospitals and outpatient surgical centers in the United States, and through its distributor network internationally. Viking Systems was founded in 1998 and is headquartered in Westborough, Massachusetts.
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