GE Healthcare and Advanced Cyclotron Systems, Inc. (ACSI) Announce Memorandum of Understanding for High Energy Cyclotrons

VIENNA, AUSTRIA, OCTOBER 10, 2010 – GE Healthcare, a unit of General Electric Company (NYSE:GE) and Advanced Cyclotron Systems, Inc. (ACSI), a world leader in the design and manufacturing of cyclotron equipment, announced today their Memorandum of Understanding (MOU) to explore opportunities for collaboration on High Energy (24 and 30 MeV) cyclotrons and related equipment, during this year’s European Association of Nuclear Medicine Congress (EANM) being held in Vienna, Austria. 

This MOU is initially applicable to emerging countries within the EAGM (Eastern & African Growth Markets) region, mainly countries within the Middle East, Africa, Central Asia and CIS. .  It allows for coordinated bidding on projects requiring high-energy cyclotron related equipment for providing a PET (Positron Emission Tomography) and SPECT complete solution.

“This agreement gives ACSI an opportunity to offer our customers a wider range of cyclotron related equipment with the full backing and support of GE Healthcare.  Additionally, potential GE customers can now readily access our exceptional high energy cyclotron technology, including both the TR 24MeV and 30MeV cyclotrons,” said Richard Eppich, CEO of Advanced Cyclotron Systems.

“The world-wide demand for high energy cyclotrons for the production of both SPECT and PET radioisotopes is increasing.  This agreement gives GE Healthcare an opportunity to offer our customers the high performance TR-24 and TR-30 cyclotrons as their radioisotope source. These cyclotrons provide a significant complement to our Molecular Imaging portfolio, including radiochemistry and imaging equipment,” said Karl Blight, Molecular Imaging General Manager, GE Healthcare EMEA.

About ACSI
Advanced Cyclotron Systems, Inc. (ACSI) is a world leader in the design and manufacturing of cyclotron equipment, including PET and SPECT radioisotope production cyclotrons. We manufacture and supply complete systems for radioisotope and radiocompound production. ACSI has been in business for over 20 years and we are backed by our affiliated company EBCO Industries, which is one of Canada’s largest manufacturing facilities with over 50 years in manufacturing expertise. Our dedicated team of professionals, scientists and engineers are proud to deliver quality workmanship, on-time delivery, and technological advancements for the industry. ACSI headquarters and manufacturing facility is located in Richmond, BC, Canada.

About GE Healthcare:
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.
Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality and efficiency around the world. Headquartered in the United Kingdom, GE Healthcare is a $16 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.

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