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CapsoVision Inc. announces distribution agreement with ABS-Bolton Medical

August 22, 2011 – Under the terms of the agreement, ABS-Bolton will be CapsoVision’s exclusive distributor in France. CapsoVision’s initial product offering includes the CapsoCam SV-1, an innovative GI capsule endoscopy system for the diagnosis of small bowel diseases including bleeding, cancer, celiac and Crohn’s disease. CapsoVision’s CapsoCam SV1 provides a new standard in capsule endoscopy, providing 360 degree imaging of the intestinal wall. The capsule records and self-stores the data, thus eliminating the need for cumbersome external recording harnesses required by first generation capsule endoscopy products.

Commenting on the agreement, CapsoVision’s CEO and Chief Technical Officer, Johnny Wang said, “The agreement with ABS-Bolton represents an important step forward to CapsoVision. We are excited to be partnering with ABS-Bolton in expanding our distribution network to France. We are very happy that ABS-Bolton shares our enthusiasm and vision, and we look forward to a long term relationship. Leading physicians who have participated in our clinical trials are excited about our product’s ease of use and the outstanding detection results that have been achieved.”