Novadaq Technologies Inc. (Novadaq) develops and markets medical imaging and treatment systems for use in the operating room. The Company’s technology (SPY System) allows surgeons to assess tissue perfusion in real time at the time of surgery. The SPY System allows cardiac surgeons to capture, review, print and archive highquality, image sequences of coronary arteries, in real-time during a Coronary Artery Bypass Graft (CABG) procedure. Novadaq also distributes PLC Medical System Inc.’s HEART LASER SYSTEM (CO2 Laser) for transmyocardial revascularization (TMR) in the United States.