MediGuide Signs Collaboration Agreement for Navigational Products with Medtronic - MediGuide (Delaware, USA & Haifa, Israel) announced today that it has signed an agreement with Medtronic (NYSE: MDT) for co-development of medical positioning system- (MPS) enabled products. The agreement is based on providing Medtronic products with MediGuide's GPS-like (MPS) navigation capabilities to enhance various procedures. The set of agreements includes co-development and an optional equity investment of Medtronic in MediGuide. The integration of the MediGuide MPS navigation technology into Medtronic tools is expected (subject to receipt of regulatory/clinical approvals) to enhance the physician's operation, as well as the procedure duration and outcome. This relationship enlarges MediGuide's portfolio of future products, together with its relationships with leading imaging and device companies.
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