Axsys Technologies Receives Order for Scanners from Kodak's Health Imaging Group.Business Editors/High-Tech Writers ROCKY HILL Rocky Hill, town (1990 pop. 16,554), Hartford co., central Conn., a suburb of Hartford, on the Connecticut River; settled c.1650, inc. 1843. Chemical coatings and synthetic textiles are made there. Rocky Hill was an important river port from 1700 to 1820. , Conn.--(BUSINESS WIRE)--Sept. 29, 2003 Axsys Technologies, Inc. (Nasdaq:AXYS), a global leader in the design, manufacture and distribution of precision opto-mechanical components and assemblies, announced today that it has signed an agreement to sell high-performance airbearing scanners to Eastman Kodak Company's Health Imaging Group. The scanners are used in laser optics assemblies of imaging systems that print medical images from magnetic resonance imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. , computed tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. , computed radiography radiography: see X ray. , digital radiography digital radiography Imaging A format for producing x-rays in which film used to produce conventional x-ray images is replaced with more sensitive sensitive electronics; DXRs produce images with1⁄2 and other medical modalities onto radiographic radiographic (rā´dēōgraf´ik), adj relating to the process of radiography, the finished product, or its use. film. Mehrdad Ketabchi, General Manager of Axsys' Imaging Systems division said, "Axsys has long been the leading supplier of high-performance airbearing scanners found in state-of-the-art equipment in graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. prepress, semiconductor and defense applications. Kodak's exacting specifications required us to develop the most advanced scanner we have designed to date in terms of positional accuracy. Incorporating newly developed airbearings and electronics, the scanner is about ten times more accurate than those produced for the graphic arts market." The Axsys scanner, which has been incorporated into the optics assembly of the new Kodak DryView 8900 Laser Imaging System, enables the imager to produce medical images at 650 dots per inch. "The scanner developed by Axsys makes it possible for the DryView 8900 imager to print full-continuous-tone, 100 megapixel images with higher resolution, quality and speed than we were previously able to achieve," said Gregory Cefalo, Kodak's Director of Digital Output Marketing, Kodak's Health Imaging Group. About Axsys Technologies, Inc. Axsys Technologies, Inc. is a vertically integrated supplier of precision optical and motion control components and assemblies for high-technology applications, serving the aerospace, defense, semiconductor, graphic arts and health imaging markets. For more information, contact Axsys Technologies, Inc., at www.axsys.com. About Kodak's Health Imaging Group Kodak's Health Imaging Group is a world leader in developing, manufacturing and marketing intelligent imaging products from analog to digital. Its portfolio includes computed radiography (CR) and digital radiography (DR) systems, laser imagers, picture archiving and communications systems (PACS (Picture ArChiving System) A storage and management system for high-resolution images. Typically pertaining to the medical field, images such as X-rays, MRIs and CAT scans require a greater amount of storage than other industries. ), radiology information systems (RIS RIS rabies inhibiting substance. ), traditional mammography mammography, diagnostic procedure that uses low-dose X rays to detect abnormalities in the breasts. The early diagnosis of breast cancer made possible by the routine use of mammography for screening women increases a woman's treatment alternatives and improves her and x-ray film systems, dental imaging products and various services offerings. The group, with annual revenues of $2.27 billion, has served the global healthcare community for more than 100 years. The Health Imaging Group and Kodak's other major businesses--Commercial Printing; Commercial Imaging; Display & Components; and Digital & Film Imaging Systems--together are leading participants in infoimaging, a $385 billion industry created by the convergence of image-and-information technology. Infoimaging unites three closely related imaging markets that enable end users to more easily capture, process and share images and information: devices (such as Health Imaging's CR and DR systems), infrastructure (online networks and delivery systems for images, including PACS) and services & media (software, film and paper). For more information about Kodak's Health Imaging Group, contact your Kodak representative or visit Kodak's web site at www.kodak.com/go/health. (Note: Kodak is a trademark of Eastman Kodak Company.) Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. One can identify these forward-looking statements by the use of the words such as "expect," "anticipate," "plan," "may," "will," "estimate" or other similar expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors, which could cause actual results to differ materially, are described in Axsys' reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q on file with the Securities and Exchange Commission. |
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