NASDAQ, ICAD - Icad Inc
iCAD was founded in 1984 as Howtek, Inc. (?Howtek?). Howtek developed,
manufactured and marketed digitizing systems, also referred to as scanners. The
scanners converted printed, photographic and other hard copy images to digital
form for use in the graphic arts, photo finishing and medical industries. In
1987 Howtek began development of its first scanner with the goals of delivering
a smaller, easier to use and less costly alternative to traditional scanners on
the market at that time. Howtek followed with a series of products further
improving the quality of digital imaging while reducing the price and complexity
of digitizing systems.
In 2001, foreseeing a decline in the graphic arts and photo finishing
industries, the Company elected to focus its efforts solely on the medical
imaging industry with increased product offerings. This goal was advanced in
June 2002 with the Company?s acquisition of Intelligent Systems Software, Inc. ...
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