Align Technology And Cadent Announce Joint Development Agreement
SAN JOSE, Calif. and CARLSTADT, N.J., Jan. 10, 2011 (GLOBE NEWSWIRE) -- Align Technology, Inc. (Nasdaq:ALGN) and Cadent, Inc., today announced an agreement to jointly develop software applications that will run on Cadent iTero™ and iOC™ scanners for use in Invisalign treatment. The new applications will optimize case assessment and planning for Invisalign treatment, and bring valuable digital tools chair-side for Invisalign providers who use Cadent scanners.
"The joint development agreement with Cadent is in line with our long-term strategic initiatives of improving the Invisalign customer experience through innovation," said Thomas M. Prescott, Align president and CEO. "Our partnership with Cadent allows us to leverage our own and other innovative technology to bring digital diagnosis and treatment tools conveniently chair-side in customers' practices."
"Cadent's powder-free scanning technology is fundamental for meeting the precision demanded by Align's standards," said Timothy Mack, Cadent president and CEO. "We are honored to develop new Invisalign applications which leverage our combined technologies and create value for our mutual customers and their patients. Integration with Invisalign has been one of the most widely requested enhancements by both general practitioners who use the iTero system and orthodontists who are using the iOC system."
Over the past few years, Align has worked with several manufacturers of intra-oral scanning (IOS) systems to evaluate interoperability of these systems for future use with Invisalign treatment. Rigorous standards for scan quality and accuracy have been defined by Align to ensure a specific scanning technology can successfully replace the physical impressions currently used in an Invisalign case submission. As part of that program, Align is currently in final beta tests with Cadent to validate their systems for use with Invisalign and expects to announce interoperability in the second quarter of 2011. Under the terms of the agreement, Align will fund several million dollars for Cadent software development over the next few quarters in order to accelerate the availability of these chair-side applications. Align will own all rights to the developed applications and technology. Additional information regarding these new Invisalign applications will be provided closer to commercial launch.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
