PedAlign Customers Finance Maxmed Growth
July, 2006
Forward-looking podiatrists around the country are doing more than putting the PedAlign digital imaging system to work to create outstanding orthotics for patients – they’re ‘buying’ the company!
Maxmed Technologies, Inc., the home of PedAlign, completed a new investment round in the summer of 2006 to fuel the company’s continuing dynamic growth. Just as PedAlign ‘breaks the mold’ on measuring feet for orthotics, Maxmed broke the normal capital accumulation mold by relying on customers – rather than investors -- for new funding, completing this new round of financing with investments from podiatrists who use PedAlign in their practices.
Instead of relying on messy, time consuming plaster molds to measure a patient’s feet for custom orthotics, PedAlign employs space-age digital imaging technology developed by NASA and the Artificial Intelligence Lab at MIT. A patient stands on an imaging window while the imager painstakingly maps each foot’s shape and contours almost instantly. Those images along with the podiatrist’s prescription are electronically transmitted to PedAlign for manufacture, getting highly accurate, medically effective orthotics in a wide variety of configurations and styles back to the patient in record time.
This revolutionary system delivers quality orthotics and takes the mess and bother out of orthotics fitting, motivating patients to follow through with measurements while making podiatrists more efficient and productive. By winning the hearts and minds of podiatrists all across the United States, PedAlign has made Maxmed the preeminent player in podiatric digital imaging.
“Practitioners who use PedAlign like what they see and regard the system as the wave of the future in podiatry,” according to Maxmed President and Founder Thomas Pichler. “They’ve learned that PedAlign benefits their patients and practice. And now they want it to benefit their portfolios as well.”
About Maxmed Technologies
Delivering the 'gift of mobility' to patients suffering from foot maladies, Maxmed Technologies markets its revolutionary PedAlign digital casting system nationwide to podiatrists and other medical practitioners. Employing 21st century infrared optical scanning technology to create high quality, highly effective orthotics PedAlign is the most patient-friendly, efficient and accurate way to create practitioner-prescribed orthotics for the relief of foot pain. While increasing patient satisfaction, PedAlign increases podiatrists’ productivity and profitability by leveraging technology to manage their orthotics business. Maxmed Technologies is proud to be a portfolio company of Tech Coast Angels, the largest angel investor network in the United States, providing funding and guidance to the most early-stage, high growth companies in Southern California. Learn more at www.pedalign.com.
For further information, contact:
Thomas Pichler, President & CEO
6190 Fairmount Ave, Ste. E, San Diego, CA 92120
Phone: 619-822-1682 Fax: 619-563-7680E mail: tpichler@maxmedtech.com