LED Medical Diagnostics Inc. Strengthens Partnership With Ray Company, Ltd.

ATLANTA, GA--(Marketwired - February 27, 2015) - LED Medical Diagnostics Inc. (TSX VENTURE: LMD) (OTCQX: LEDIF) (FRANKFURT: LME), through its wholly-owned US and Canadian operating subsidiaries, LED Dental Inc./LED Dental Ltd. ("LED Dental"), and Ray Company, Ltd. ("Ray"), are pleased to announce the opening of three Ray offices in the US to further support high growth initiatives in the North American market. 

With the recent infusion of venture capital by a prominent Silicon Valley firm, reaching profitability, and coming off the most successful sales year on record, Ray is poised for aggressive growth in the global dental imaging space. It is the joint success between LED Dental and Ray that has resulted in the initiative to increase collaboration and drive additional market share gains.

Ray Company posted year-over-year growth of 190% for 2014, with LED Dental as the primary contributor to this, resulting in its own year-over-year growth of 240% in 2014. Ray plans to open three US-based locations- Los Angeles, New York, and Atlanta by the second quarter.

According to Dr. Sangchul Lee, CEO of Ray, LED Dental is a large part of the plan for long-term growth and goal of becoming the number one player in the dental imaging market. Dr. Lee said, "The North American dental imaging market is critical to the future success of Ray. We have found a kindred spirit in the LED Dental team, sharing our values of professionalism, technological expertise, and a commitment to superior patient care."

"It's a great position for both companies to be in," explains LED Medical Diagnostics CEO, Dr. David Gane. "With Ray's new strategic initiative to become an independent entity apart from Samsung, the ability for our two companies to collaborate on new exciting technologies will be taken to the next level. Both companies have recently obtained growth capital, and this will allow us to further accelerate the initiatives that were so successful in driving revenue growth in 2014."

Ray will be announcing a new imaging system at the upcoming International Dental Show in Cologne, Germany, March 10-14, 2015. With several additional product launches on the horizon, Ray and LED Dental will have an even broader product portfolio to utilize in their efforts to gain market share industry-wide.