Below is a article from a investment news letter Wall Street Whispers.
[Stocks in the Spotlight (800) 562-1254]
Fonar Corporation (FONR) 2 11/16 up 1/16. On 11/30, FONR
introduced, for the first time, its new MRI Operating Room at the
annual technical exhibition of the Radiological Society of North
America (RSNA) in Chicago.
The MRI Operating Room features a giant MRI scanner, the OR-360,
which conforms to the shape of a full-size room. It allows
physicians, with complete and unhindered access to the patient, to
perform surgical procedures under the guidance of magnetic resonance
imaging (MRI).
On 12/3, FONR announced the sale of 2 QUAD 12000 MRI scanners to
Lions Medical Center in Pennsylvania. FONR said that one would be
installed in the Pittsburgh area and the other in the Chicago area.
The 2 sales (with service for 4 years) are valued at $2.2M. Lions
Medical Center, is considering the installation of at least 3 more
FONR QUAD 12000s in major US cities.
On 12/4, FONR announced that the injunction prohibiting General
Electric (GE) from further violations of the FONR Multi-Angle Oblique
(MAO) patent is now in full force and effect. This means GE can't use
it anymore.
On 12/16, FONR announced the sale of another QUAD 12000 MRI
scanner. The QUAD 12000 scanner will be installed in the Philadelphia
area. The total value of this purchase, including service contracts,
is in excess of $1.2M. The deal also includes the option to purchase
2 additional QUAD 12000s within the year.
One of the main things FONR has been needing is more sales. This
could be just the beginning.
Buy here. Target is 7.
For additional company information, call: (919) 847-9535. |
