iCAD’s Innovative ProFound
AI™ Solution for Digital Breast Tomosynthesis offers high-performing workflow
solution for radiologists

10, 2019) – SimonMed Imaging, one of the largest outpatient medical imaging providers and
largest physician radiology practices in the United States, announced today
their implementation of the first FDA-cleared AI program for significantly
enhancing early breast cancer detection for 3D mammography. The AI program,
called ProFound AI™ for digital breast tomosynthesis (DBT), is a technology
developed by iCAD, Inc. (NASDAQ:
ICAD), a global medical technology leader providing innovative cancer
detection and therapy solutions.

ProFound AI for DBT
is a high-performance, deep learning, workflow solution that assists radiologists
reading mammography. It is the first and only FDA cleared 3D tomosynthesis
technology using artificial intelligence.

ProFound AI into our processes for breast cancer screenings will improve detection
of breast cancer and reduction of false positives and recalls,” said John Simon, M.D., Founder and CEO of SimonMed. “With
the enhanced technology available through 3D mammography, the review of the 84
slices of breast tissue per breast will now be expedited, but does not replace the specialized radiologist.”

AI for DBT was FDA-cleared in 2018 and offers benefits to both radiologists and
patients alike. Designed to detect malignant soft-tissue densities and
calcifications, the software provides radiologists with key data, such as Certainty
of Findings and Case Scores, which can assist radiologists in making
clinical decisions and prioritizing caseloads. The technology has been
clinically proven to improve cancer detection rates by 8 percent,
reduce unnecessary patient recall rates by 7.2 percent, and slash radiologists’ reading time by 52.7 percent and up to 57.4 percent
for dense breast 3D image analysis.

“It is exciting
to see the momentum generated following the FDA clearance of ProFound AI for
DBT and the expansion of our marketplace throughout the SimonMed Imaging
enterprise,” said Michael Klein, CEO of iCAD. “This important partnership
demonstrates the need for innovative, advanced AI platform solutions to
assist radiologists in accurately identifying breast cancer sooner, when it may
be more easily treated. SimonMed’s unique nationwide enterprise care
model also provides a scalable platform and partnership
for future collaboration.”

Imaging and its affiliates have been serving local communities throughout the
U.S. for over 30 years, with more than 150 convenient locations to accommodate
patients. Patients interested in learning more can call or text SimonMed at
1-866-614-8555 to schedule an appointment. For more information about ProFound
AI, visit www.icadmed.com
or www.simonmed.com.

About SimonMed

SimonMed Imaging
is the largest physician owned outpatient radiology practice in the United
States and specializes in all major medical fields of medical imaging. Our
vision is to change the medical imaging experience with advanced technology,
and our mission is to provide high quality, affordable medical imaging to all.
The expertise of our physicians, technologists, scientists and advanced
technology leads to more accurate and early reporting. We offer multiple
convenient locations, broad health plan access, and low out-of-pocket costs.

About iCAD, Inc.

Headquartered in Nashua, NH, iCAD is a global medical
technology leader providing innovative cancer detection and therapy solutions.
For more information, visit www.icadmed.com.

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Media Contacts:

SimonMed Imaging:

Lauren Strait, (480) 998-2600



Jessica Burns, (623) 203-7270




Advisors, Inc.

Feffer, (212) 915-2568