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PRESS RELEASEFriday, February 10, 2006 Positron Corporation Officially Opens Joint Venture with Neusoft Medical Systems of ChinaHOUSTON--(BUSINESS WIRE)--Feb. 10, 2006--Positron Corporation (OTCBB:POSC), manufacturer of positron emission tomography (PET) scanners, announced today that it recently received governmental approval from the People's Republic of China for a joint venture with Neusoft Medical Systems in Shenyang, China. Business for the joint venture called Neusoft-Positron Medical Systems Co., Ltd. officially commenced on January 18, 2005 with an opening ceremony at the new office in Shenyang, China. Neusoft-Positron Medical Systems will manufacture all of Positron's PET and PET/CT systems.
Joseph Oliverio, President of Positron said, "The Neusoft Positron Medical Systems joint venture immediately brings a number of key elements to Positron that will position the Company as a leader in the PET industry. The Neusoft relationship adds valuable software and hardware design development capabilities that will enable Positron to deliver state of the art PET and PET/CT devices. The manufacturing savings realized through the new partnership will dramatically lower our cost of goods, labor rates, and component pricing allowing Positron to be much more efficient and effective in the global marketplace". About Positron Positron Corporation designs, manufactures, markets and supports advanced medical imaging devices utilizing positron emission tomography (PET) technology under the trade name POSICAM(TM) systems. POSICAM(TM) systems incorporate patented and proprietary software and technology for the diagnosis and treatment of patients in the areas of cardiology, oncology and neurology. Positron Corporation offers unique combination of low cost technology and disease specific software solutions differentiating themselves from all other medical device manufacturers. POSICAM(TM) systems are in use at leading medical facilities, including the University of Texas -- Houston Health Science Center; The Heart Center of Niagara in Niagara Falls, New York; Emory Crawford Long Hospital Carlyle Fraser Heart Center in Atlanta; and Nishidai Clinic (Diagnostic Imaging Center) in Tokyo. Additional information may be found at http://www.positron.com/. About Neusoft Medical Systems Neusoft Medical Systems was formally found in 1998 and is located in Shenyang, one of the most important industrial cities in the People's Republic of China. Originating from, Neusoft Group Co., Ltd., the largest software company and the leading software provider in China, Neusoft Medical Systems has become a professional developer and manufacturer of advanced medical equipment in China. The company produces wide range of diagnostic imaging products. Combining the strength in R&D, software development, system integration and collaborating with top medical institutes, Neusoft Medical Systems released more than 20 new products since the company started in 1998. Neusoft Medical Systems has installed thousands of high-tech medical equipment worldwide. http://www.neusoft.com. Contact: Positron Corporation Source: Positron Corporation |
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