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LBT Innovations - Direct Sale of APAS Independence in United States


Adelaide, Australia, 3 May 2022: Australian medical technology company LBT Innovations Limited (ASX: LBT) (LBT or the Company), a leader in medical technology automation using artificial intelligence, is pleased to announce the sale of an APAS® Independence with Urine analysis module to Albany Medical Center, NY.

Key Points:

* Albany Medical Center purchase APAS® Independence with Urine analysis module
* Direct sale completed by Clever Culture Systems, LBT’s wholly owned subsidiary
* Sale completed after successful 6-week evaluation-to-buy completed by the laboratory  

LBT’s wholly owned subsidiary, Clever Culture Systems (CCS) has executed a binding sale agreement for an APAS® Independence supplied to New York state-based, Albany Medical Center. The sale follows a successful evaluation-to-buy completed by the laboratory, where they assessed the performance of the APAS® Independence with Urine analysis module over a 6-week period. The APAS® Independence met all of the target performance criteria and was positively received by staff in the laboratory.

The laboratory is part of the Albany Medical Center health system, a not-for-profit health system with 1,520 hospital beds across 4 hospitals in north-eastern New York. The Division of Laboratory Medicine provides a full suite of diagnostic services to the hospital and collectively conducts over 7 million tests every year. 

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