Wednesday, December 19, 2007

Tower and CMT Medical Partner

Tower and CMT Medical form a partnership to develop and market X-ray detectors for medical applications.

The detectors intended use is for Radiography/Fluoroscopy, Cardiology, Angiography, Mammography and similar large-size X-ray modalities. Large size detectors require the manufacturing of up to one die per eight-inch wafer. Delivery of the first Flat Panel Detectors is expected to begin in 2009.

According to TriMark publications, a global leader in the biotechnology, healthcare and life sciences market research and intelligence, regarding the medical imaging market and according to FDA data, the number of new electronic X-ray detectors installed world wide exceeds 5,000 annually with a similar number of replacement and upgrade systems being delivered each year. At a price range of $35,000 to $80,000 per detector (based on dimensions), this represents an annual market opportunity of over $500 million per year. Potential future customers for the partnership’s products include the market leaders in medical X-ray systems, such as Toshiba, GE, Philips, Siemens and detectors market leaders.

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