Benzinga | Dec 3, 2020 01:18PM EST

Nanox Shares Tick Higher Following Co. Press Release Highlighting 'successfully demonstrated its Nanox.ARC next-generation x-ray prototype at the 2020 Radiology Society of North America Meeting'

NANO-X IMAGING LTD (NASDAQ:NNOX) ("Nanox" or the "Company"), an innovative medical imaging technology company, announced today that the Company successfully demonstrated its Nanox.ARC next-generation x-ray prototype at the 2020 Radiology Society of North America (RSNA) Virtual Annual Meeting. The live demonstration featured a range of 2D and 3D imaging procedures using its groundbreaking digital X-ray tube in a unique multi-source array structure.

Ran Poliakine, Chairman and Chief Executive Officer of Nanox, stated: "We are pleased to have now demonstrated a working prototype of our next generation digital x-ray technology, the Nanox.ARC, in a range of medical imaging procedures that produced unique clinical value. We believe the Nanox.ARC has the potential to significantly expand the market by providing access to the roughly two-thirds of the world's population who currently do not have access to medical imaging. If successful, we believe this can revolutionize preventive healthcare through early detection of serious and costly medical conditions. To date, we have signed agreements for the deployment of more than 5,100 Nanox.ARC units through our service providers in numerous countries, and, pending local regulatory approvals and customer acceptance, we believe we can begin deployments as early as mid-year 2021."

A replay of the live demonstration will be available later today on the Investors section of the Company's website, www.nanox.vision, under "Events & Presentations" on the "Investors" page.