Butterfly Network, Inc. (BFLY) Comments on Midjourney’s Ultrasound Scanner Announcement

On June 18, Butterfly Network, Inc. (NYSE:BFLY) commented connected Midjourney's motorboat of a full-body imaging system, outlining its relation successful the scanner's underlying hardware and aboriginal scaling plans. The institution said the existent prototype integrates 40 Ultrasound-on-Chip imaging modules per strategy nether an existing co-development agreement. The aboriginal versions are expected to usage importantly much modules arsenic the level grows.

CEO Joseph DeVivo called the strategy "an bonzer whole-body scanner," stating it works without radiation oregon magnetic hazard and uses "about fractional a cardinal sensors" and much than 2 petaflops of processing power. He added that the instrumentality is designed for predominant use, allowing continuous monitoring of physiological changes.

DeVivo said Butterfly Network, Inc. (NYSE:BFLY) supports Midjourney's effort to grow entree to imaging data, calling the roadmap introduced by laminitis David Holz a imaginable commercialized opportunity. The institution besides noted its anterior statement outlines up to $74 cardinal successful expected payments implicit 5 years.

Butterfly Network, Inc. (NYSE:BFLY) develops a aesculapian imaging instrumentality that lowers the outgo of real-time, three-dimensional imaging and treatment. It develops and markets the iQ Device, a whole-body portable ultrasound scanner, arsenic good arsenic related hosted, web-based applications, exertion programming interfaces, and level services to physicians and different licensed wellness attraction providers.

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