The share price of Intelligent Ultrasound Group has surged more than 170% on the news. : The long-term agreement will enable the integration of Intelligent Ultrasound's real-time image analysis software onto a range of specialty specific ultrasound systems marketed in the global healthcare market. Co-development work with the undisclosed OEM partner will commence immediately, with initial royalty per unit revenues expected during 2021 following regulatory approval. Following the announcement the share price of the Alternative Investment Market listed firm - a Cardiff University spinout venture - surged by more than 170% in early trading.