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Imatron Announces First Ultrafast CT Scanner Sale in South America; Hospital Israelita Albert Einstein in Sao Paulo, Brazil.


SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.--(BUSINESS WIRE)--Nov. 30, 1998-- Imatron Inc. (Nasdaq:IMAT iMAT Isolated Mode Antenna Technology (Skycross)
IMAT Intensity-Modulated Arc Therapy
IMAT Interactive Multimedia Arts and Technologies Association
IMAT Interactive Multisensor Analysis Training
) announced today that it has sold an Ultrafast CT ultrafast CT Imatron Imaging A CT imager that captures images in microsecs vs secs for conventional CT; the ↑ in speed eliminates the artifacts created by organ movement, making UCT ideal for evaluating coronary artery disease and other forms (R) scanner to the Hospital Israelita Albert Einstein in Sao Paulo, Brazil. Shipment of Imatron's Ultrafast CT scanner will be recognized as a sale in the company's fourth fiscal quarter.

Hospital Israelita Albert Einstein is a philanthropic 500-bed hospital, founded and supported by the local Jewish Community, being recognized as one of the leading institutions in Brazil for its excellence in health care delivery.

Dr. Jairo Tabacow Hidal, Vice President for Medical Practice, said, "As one of the premier medical facilities in Sao Paulo, we are pleased to bring Imatron's Ultrafast CT scanner to the Hospital Israelita Albert Einstein. The Hospital endorses a preventive approach to healthcare and believes in the life saving benefits of early detection and diagnosis of cardiovascular disease. We look forward to utilizing Imatron's revolutionary technology in our preventive medical programs and to further advancing the use of EBT EBT

See: Earnings Before Taxes
 technology."

S. Lewis Meyer, Imatron's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "This sale of Imatron's Ultrafast CT scanner to the Albert Einstein Jewish Hospital in Sao Paulo validates our strategy of developing major international markets. With our opening of this new market, Imatron's Ultrafast CT coronary artery scan will now be made available to the 6th populous country in the world. Sao Paulo, the designated site of our first Ultrafast CT scanner in Brazil, is one of the world's largest cities
For a list of the most populous cities within administrative limits, see List of cities by population. For a list of urban areas, see List of urban areas by population. See also historical urban community sizes for historical data.
 and the largest city in South America with a population of more than 18 million people. We are confident that introducing Ultrafast CT to Brazil with the support and endorsement of the Albert Einstein Jewish Hospital will lead to future sales in this important market. We are optimistic that this sale is an indication that the international economic uncertainty affecting many countries may be waning, setting the stage for increased international sales."

Imatron, Inc. is primarily engaged in designing, manufacturing, marketing, and supporting high performance computed tomography (CT) scanners based on the Company's proprietary scanning electron beam technology In electron beam technology, an electron beam is applied to do some useful work. Given the wide range of energies and intensities of electron beams that can be generated, the range of applications is equally large:
  • cathode ray tubes
  • Electron beam melting
  • welding
. Ultrafast CT is a registered trademark of Imatron. Imatron's Ultrafast CT scanner is now in use at major medical centers around the world, including The Mayo Clinic, University of Iowa Not to be confused with Iowa State University.
The first faculty offered instruction at the University in March 1855 to students in the Old Mechanics Building, situated where Seashore Hall is now. In September 1855, the student body numbered 124, of which, 41 were women.
, National Institutes of Health, UCLA UCLA University of California at Los Angeles
UCLA University Center for Learning Assistance (Illinois State University)
UCLA University of Carrollton, TX and Lower Addison, TX
, Stanford University, University of Illinois University of Illinois may refer to:
  • University of Illinois at Urbana-Champaign (flagship campus)
  • University of Illinois at Chicago
  • University of Illinois at Springfield
  • University of Illinois system
It can also refer to:
, The Arizona Heart Institute, The Royal Brompton Hospital The Royal Brompton Hospital, commonly known as The Brompton, is a specialist heart and lung hospital in Brompton, London. It is part of the Royal Brompton and Harefield NHS Trust. It is also the main hospital for allergy testing in London.  in London, Tokyo University Hospital and Beijing Hospital.

Except for the historical information contained herein, the matters discussed in this news release may contain forward-looking statements that are based on current expectations and estimates about the industry in which Imatron operates, the estimated impact of certain technological advances, the estimated impact of published research studies on scanner sales and procedures, as well as management's beliefs and assumptions. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially include, among others: failed clinical demonstration of certain asserted technological advantages and diagnostic capabilities; reliance on product distributors; competition in the diagnostic imaging market; failure to improve product reliability or introduce new product models and enhancements; delays in production and difficulty in obtaining components and sub-assemblies from limited sources of supply; inability to meet cash-on-delivery or prepayment terms from vendors; determinations by regulatory and administrative government authorities; patent expiration and denial of patent applications; the high cost of the scanner as compared to commercially available CT scanners; and the risk factors listed from time to time in the Company's Securities and Exchange Commission reports, including their reports on Form 10-K for their current fiscal year.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:3BRAZ
Date:Nov 30, 1998
Words:602
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