Accuray Surpasses 600 Installations Globally
SUNNYVALE, Calif., Jan. 10, 2012 /PRNewswire/ — Accuray Incorporated (Nasdaq: ARAY), the premier radiation oncology company, announced today significant momentum in global adoption of its CyberKnife® Robotic Radiosurgery System and TomoTherapy® System, solidifying the company’s footprint in the large and growing radiation oncology market. This, along with the company’s short- and long-term growth strategy, was presented yesterday by Accuray President and Chief Executive Officer Euan Thomson, Ph.D. as part of the 30th Annual J.P. Morgan Healthcare Conference in San Francisco.
Accuray has taken its installed base from zero to over 600 commercially released systems in approximately 10 years. That momentum has continued in the U.S. and internationally as a result of growing demand for effective and efficient radiation oncology treatments in emerging growth markets, and as the growing body of clinical evidence mounts supporting the unique advantages of the company’s image-guided radiosurgery and IMRT technologies. Additionally as Accuray’s earliest CyberKnife and TomoTherapy Systems reach the end of their life cycle, new opportunities emerge for organic replacement business, along with the opportunity to capture the replacement market for older, pre-existing linacs at centers that desire newer, state-of-the-art capabilities. As the installed base grows, so does Accuray’s recurring revenue streams through service contracts, which together represent continued momentum and a proven track record of year over year growth.
“Through the acquisition of TomoTherapy, Accuray is well positioned with two cutting edge and complementary technologies in a growing radiation oncology market,” said Raj Denhoy, managing director, equity research at Jefferies & Co. “With an established and growing installed customer base, we anticipate continued good growth driven by both competitive wins as well as replacements.”
By bringing together the two premier radiation oncology technologies focused on personalized patient care, Accuray has seen growing interest in both the TomoTherapy and CyberKnife technologies. The company’s installations currently span 33 countries.
“Accuray is committed to advancing our product lines to meet the ever-changing needs of our customer base, as well as the patients fighting cancer,” said Euan S. Thomson, Ph.D., president and CEO of Accuray. “The proven advantages of Accuray’s treatment systems are behind the growing global adoption of both the CyberKnife and TomoTherapy systems by new as well as existing customers. Our proven track record solidifies Accuray’s position in the growing radiation oncology market.”
Accuray Incorporated (Nasdaq: ARAY), based in Sunnyvale, Calif., is the premier radiation oncology company that develops, manufactures and sells personalized innovative treatment solutions that set the standard of care, with the aim of helping patients live longer, better lives. The Company’s leading edge technologies – the CyberKnife and TomoTherapy Systems – are designed to deliver radiosurgery, stereotactic body radiation therapy, intensity modulated radiation therapy, image guided radiation therapy, and adaptive radiation therapy. To date, more than 200,000 patients worldwide have been treated using the Company’s technologies and more than 600 systems have been installed in leading hospitals around the world. For more information, please visit www.accuray.com.
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SOURCE Accuray Incorporated