Tenth consecutive profitable year for Telemis as expansion and PACS technology developments continue.

Telemis, the specialist in medical imaging solutions, has reported today its tenth consecutive profitable year as a result of a successful strategy that has seen continued European expansion and ongoing R&D investment.

Consolidated net earnings for 2011 - 2012 were €587,649 on a consolidated turnover of €7,515,194 up from €6,841,952 in the previous year. Telemis continued to operate with minimum balance sheet debt, with total assets worth over €10.3 million and cash reserves of €4.4 million.

The company's flagship Picture Archiving and Communication System (PACS) now includes support for HD video formats, providing an integrated solution for the sharing, archiving, retrieval and editing of digital images, high-definition video and other multimedia files.

Telemis also added Cloud data storage to its service offering. Built into version 4.3 of Telemis-Medical PACS, this technology provides secure storage and access to data such as PET/CT scans whilst meeting all patient-data handling requirements imposed by local or national authorities.

These financial results were unveiled at the recent annual shareholders' meeting where Stephane Ketelaer, CEO of the Telemis group, said: "Thanks to our strong balance sheet and continued profitability, Telemis remains in an excellent position to pursue its growth strategy and expand into new markets. The company is eying further geographic expansion in 2012-2013 as demand for innovative medical technologies from our portfolio remains strong".

In terms of research & development, Telemis is committed to a new 5-year investment program to improve its PACS architecture. This should deliver increased customer satisfaction and better functionalities to help medical specialists work together more efficiently.