Brief: Accuray And China Isotope And Radiation Corp Enter Joint Venture Contract

China Isotope & Radiation

28/01/2019 11:18

Jan 28 (Reuters) - China Isotope & Radiation Corp  1763.HK :
    * ACCURAY AND CHINA ISOTOPE AND RADIATION CORPORATION ENTER
JOINT
VENTURE CONTRACT TO MANUFACTURE AND SELL RADIATION ONCOLOGY
SYSTEMS IN CHINA
    * ACCURAY INC - JV WILL BE LOCATED IN TIANJIN, CHINA AND
SALES
OPERATIONS ARE EXPECTED TO BEGIN TOWARD END OF CALENDAR 2019
    * ACCURAY INC - UNDER TERMS OF AGREEMENT, CIRC'S SUBSIDIARY
WILL
OWN 51% OF JV AND ACCURAY'S SUBSIDIARY WILL OWN REMAINING 49%
    * ACCURAY INC - ACCURAY AND CIRC BELIEVE THAT JV, WHICH WILL
OPERATE UNDER NAME CNNC ACCURAY (TIANJIN) MEDICAL TECHNOLOGY
CO., LTD

Source text for Eikon:  ID:nPn6nrwq1a 
Further company coverage:  1763.HK 

 ((Reuters.Briefs@thomsonreuters.com;))