Swissray International, Inc. Announces New Ownership

EAST BRUNSWICK, N.J., Nov. 25 /PRNewswire/ -- Swissray International, Inc. a leading manufacturer of direct digital Radiography (ddR) systems, announced today that its operations have been acquired by a private Swiss Investor with a long term view towards growing Swissray's medical imaging brand. The acquisition included all assets and intellectual property, as well as contracts and inventory. After 25 years of success and growth Swissray is now poised to move to the next level of technological advancements with stable and steady growth.

John Monahan, Senior VP of Strategic Accounts states, "We are very excited about the opportunities that our new ownership provides. The acquisition of Swissray's business was supported by the core group of managers who led the charge behind Swissray's success in recent years. Our new owner has both the vision and the resources to help us further advance the innovative low-dose technology that Swissray pioneered, expand our product portfolio, and increase our footprint in the marketplace. We have already been empowered to expand our direct field service division by 25%."

About Swissray

For more information about Swissray's family of ddR solutions, visit the Swissray website at http://www.swissray.com.

Swissray International, Inc.


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