FOR IMMEDIATE RELEASE
Turner Imaging Systems Announces Closing of Seed Investment Round
Orem, Utah -11/20/2017 – Turner Imaging Systems, developer of the Smart-C battery-powered mini C-arm, announced today the successful closing of its seed funding round. The round was led by venture capital firm Cavendish Impact Capital with participation from other private investors.
“We share in Cavendish Impact Capital’s dual mission to provide a financial return to investors and have a positive impact on global healthcare outcomes,” said Dr. D. Clark Turner, President & CEO of Turner Imaging Systems. “These funds will allow completion of our Smart-C technology, which brings operating-room quality imaging into a field-portable configuration. This technology will improve imaging capabilities worldwide, particularly in underserved regions without access to state-of-the-art equipment.”
Additionally, Turner is excited to announce that John Evey, Managing Director of Cavendish Impact Capitol has joined the Board of Directors and will provide us with his broad perspectives on growing life science companies”, stated Clark Turner, CEO. Since 2012, John Evey has provided independent strategic assistance to corporations with a special focus on companies in the life science and clean technology sectors that can do well financially while also producing substantial social benefit. That action followed a 36-year career in the charitable and educational sector, primarily leading development programs for major nonprofit organizations and three universities.
“I am personally pleased to have Turner Imaging Systems among the Cavendish Impact Capital Life Science Fund portfolio,” said Evey. “From the sports field to the emergency room and from the field hospital to clinics in villages globally, the Smart-C will be an exceptional tool for emergency responders, imaging specialists, and physicians.”
Turner imaging Systems will use the proceeds from this funding round to finance operations, continue development efforts related to its innovative technology, and commercialization of the Smart-C Portable C-Arm upon regulatory approval from the US Food and Drug Administration.
About Turner Imaging
Turner Imaging Systems develops and markets X-ray imaging systems that give the user the ability to acquire X-ray images wherever and whenever they are needed. Our latest product, the SMART-C arm, is a fully-functional mini-C-arm system that is battery operated and hand-transportable, improving the way fluoroscopy is performed. Our products expand the reach of X-ray imaging to the underserved and humanitarian efforts around the world.
About Cavendish Impact Capital
Cavendish Impact Capital brings advances transformational technologies that are made accessible to all and substantially influence a more positive future. The Cavendish Impact Capital Life Science Fund continues to be assembled with the conviction that impact investors can realize substantial returns as well as the satisfaction of making a significant difference for patients globally.
For further information, contact:
Vice President of Business Development
Turner Imaging Systems
1119 South 1680 West
Orem, UT 84058
John Evey, Managing Director
Cavendish Impact Capital