Skanray & CEI-Italy form JV to manufacture X Ray Tubes

Skanray Technologies, specialists in X-Ray equipment and remote wellness management devices signed a Joint venture agreement with CEI Italy for design and manufacture of Stationary X-Ray tubes in Mysore, India on the 10th of November 2008. CEI-Skanray Radiology Devices Pvt. Ltd, the newly formed company with CEI holding 51% and Skanray holding 49% will be housed in the Skanray Technologies facility at Hebbal Mysore. CEI would invest in their factory at Bologna Italy and their JV unit in Mysore to develop advanced technology and process to grow in the Global stationary tube market. CEI (Compagnia Elettronica Italiana) are pioneers in the stationary X-Ray Tubes Technology since 1956 and holds leadership position in the European market. With several unique designs and processes, the JV aims to be a world leader in the Stationary tube market for healthcare and industrial applications in three years. With this Joint Venture, Skanray Technologies will be the first in India to have stationary tubes for dental, mobile and industrial X Ray systems and among the few in the world to design and manufacture complete X-Ray systems including the HF generators, tubes, sensing devices and imaging software. This will help us in fulfilling our promise of bringing "Advanced Technology and Affordability "to the Rural Healthcare markets in India and the rest of the developing world. We take this occasion to thank all our Partners, Business associates, Healthcare professionals and Friends for their good wishes and support.