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GE Medical Systems and Mobile P.E.T. Systems Inc. Sign Strategic
Multi-Year Partnership Agreement
Patients To Have Broader Access to PET Technology
WAUKESHA, Wis. & SAN DIEGO--(BW HealthWire)--March 8, 2001--Driven by the tremendous growth in the Positron Emission Tomography (PET)
marketplace and growing patient demand, the Functional and Molecular Imaging business (Nuclear Medicine/PET) of GE Medical Systems (NYSE:GE - news) has
signed a three year, multi-unit strategic partnership agreement with Mobile P.E.T. Systems Inc., (OTCBB:MBPT - news), a leading mobile provider of PET scanner
systems and patient services worldwide.
This strategic partnership agreement includes purchase commitments from Mobile P.E.T. Systems Inc. for both the GE Advance NXi PET scanner and PETtrace
Cyclotron units. Physicians and their patients soon will have more immediate access to an industry-leading diagnostic tool for optimum cancer detection and staging.
With this agreement, GE Healthcare Financial Solutions will provide Mobile P.E.T. Systems Inc., with $50 million in lease financing to facilitate its expansion.
``This agreement combines GE's leading PET technology with the sophisticated procedure delivery of Mobile P.E.T. Systems Inc. to make this powerful clinical tool
available to more patients,'' said Beth Klein, VP and global general manager of Functional and Molecular Imaging (NM/PET). ``Mobile PET provides an economic
alternative for smaller or more remote institutions that need access to PET imaging technology for improved patient care.''
PET is a diagnostic imaging process that creates images of the metabolic activity in a patient's body, and is recognized for its ability to help physicians with the early
detection of cancer. Since metabolic activity is higher in rapidly growing cancer cells, PET images can be created that show tumor activity during cancer
development. GE's Advance NXi system is capable of imaging with all available PET tracers, as well as providing excellent image quality, high throughput, easy
operator interaction and reliability with its powerful built-in remote diagnostics.
``No one is better prepared to provide access to this life-saving technology than GE Medical Systems,'' said Mobile P.E.T. Systems Inc., President and CEO Paul
Crowe. ``We at Mobile P.E.T. Systems will work as a strategic partner with GE to create solutions that can make PET a reality in every community. With its
tremendous diagnostic and staging capabilities PET provides physicians a major opportunity for improved patient management and provides healthcare purchasers
potential financial savings. This strongly suggests molecular imaging is clearly the new diagnostic imaging procedure of the future.''
``This has the potential to be a real game changer,'' said Thomas Hook, general manager of Global PET at GE Medical. ``The information provided to the
physicians, along with the potential early detection of cancer, will allow patients to follow a precise and accurate treatment plan.''
About Mobile P.E.T. Systems Inc.
Mobile P.E.T. Systems Inc. is a national service provider of positron emission tomography (PET), a molecular imaging procedure. The company provides a
comprehensive approach to developing PET services through mobile, dedicated facilities and radiopharmaceutical production facilities.
Mobile PET is a highly experienced organization in all aspects of developing and implementing this molecular imaging service. For more information, please contact
Leonard Macmillan at Mobile P.E.T. Systems at 619/226-6738 or macmillan@mobilepet.com or visit Mobile P.E.T. Systems Inc.'s Web site at
www.mobilepet.com.
About GE Medical Systems
GE Medical Systems is a $7 billion global leader in medical information and technology. Its offerings include networking and productivity tools, healthcare
information systems, patient monitoring systems, conventional and digital X-ray, computed tomography (CT), magnetic resonance (MR), ultrasound, positron
emission tomography (PET), and nuclear medicine. For more than 100 years, health care providers worldwide have relied on GE Medical Systems for high quality
medical technology, services and productivity solutions. For more information, please contact Marshall Poindexter at 262/513-4016 or
marshall.poindexter@med.ge.com or visit the GE Medical Systems Web site at gemedicalsystems.com.
Contact:
Mobile P.E.T. Systems Inc.
Leonard Macmillan, 619/226-6738
macmillan@mobilepet.com
www.mobilepet.com
or
GE Medical Systems
Marshall Poindexter, 262/513-4016
marshall.poindexter@med.ge.com
gemedicalsystems.com |
