PALO ALTO, Calif.,--Dec. 2, 2002-- Varian Medical Systems, Inc. (NYSE:VAR)today announced it has entered into a cooperative agreement with Toshiba Medical company and Toshiba's joint venture partner Sanko Medical Systems to operate a Varian-authorized X-ray Tube Service Center in the People's Republic of China. The center will serve the market for replacement X-ray tubes in CT scanners manufactured by Toshiba. Sanko Medical Systems in Beijing will operate the new tube facility. It will give hospitals and clinics in China ready access to more cost competitive replacement tubes that meet the quality and performance standards of the Varian tubes that are designed specifically for the Toshiba scanners, according to the companies. Toshiba, Sanko, and Varian plan to expand the relationship in the future to include the full range of Varian's non-proprietary X-ray tube products. Varian will support the facility with materials and factory training. Until now, clinics have had to acquire replacement tubes from Varian's facility in Salt Lake City, Utah. Varian's X-ray Products business is the world's premier independent supplier of X-ray tubes, serving manufacturers of radiology equipment and industrial inspection equipment as well as distributors of replacement tubes. The company provides the industry's broadest selection of X-ray tubes expressly designed for the most advanced diagnostic applications, including CT scanning, radiography, and mammography. These products meet evolving requirements for improved resolution, faster patient throughput, longer tube life, smaller dimensions, and greater cost efficiency. About Varian Medical Systems, Inc. (NYSE: VAR): Varian Medical Systems of Palo Alto, California is the world's leading manufacturer of integrated cancer therapy systems, which are used to treat thousands of patients per day. The company is also a premier supplier of X-ray tubes and flat-panel digital subsystems for imaging in medical, scientific, and industrial applications. Varian Medical Systems employs approximately 2,750 people who are located at manufacturing sites in North America and Europe and in its 50 sales and support offices around the world. In its most recent fiscal year ended September, 27, 2002, Varian Medical Systems reported sales of $873 million. Additional information is available on the company's web site at www.varian.com. About Sanko Medical Systems: Sanko Medical systems, as the biggest and exclusive distributor for Toshiba Medical Systems in China, has introduced over 20,000 pieces of medical equipment to 30 provinces, municipalities and autonomous regions across China since it was established in 1975. With headquarters located in Tokyo, Japan, Sanko has eight offices with 285 employees including service engineers throughout China. Since it was established, Sanko has created a wide sales support and service network, and built up close linkages with hundreds of leading companies and thousands of major hospitals. With all these achievements, Sanko has been recognized as one of the most influential and competitive brands in the Chinese market. About Toshiba Corporation's Medical Systems Company: Toshiba Corporation's Medical Systems Company is a world leader in the development of medical imaging equipment, with a product line-up that includes CT, MRI, nuclear medicine, ultrasound, and both conventional and vascular X-ray. Toshiba Corporation's Medical Division has more than 80 years of leadership in medical technology innovation. Toshiba Corporation, the Medical Division parent, celebrated 126 years of operation and had $6 billion in U.S. sales in 2001.
Varian Medical Systems Announces Agreement With Toshiba Medical Systems and Sanko Medical Systems in China
Corporate and Financial Releases
2 December 2002