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In response to allegations by a former employee of possible improprietiesin handling and accounting for certain inventory items, the Company hascommenced an internal investigation into the allegations, using an independentexternal investigator. The internal investigation is not yet complete, and asa result the Company is not able to release its financial results for thefiscal quarter ended September 27, 2008. In addition, the Company will not beable to file its Quarterly Report on Form 10-Q today, the date on which suchfiling is due. The Company expects to file a Notice of Late Filing on Form12b-25 with the SEC tomorrow.
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Upon conclusion of the investigation, Accuray will file its Form 10-Q andannounce first quarter of fiscal 2009 results.
About the CyberKnife(R) Robotic Radiosurgery System
The CyberKnife Robotic Radiosurgery System is the world's only roboticradiosurgery system designed to treat tumors anywhere in the bodynon-invasively. Using continual image guidance technology and computercontrolled robotic mobility, the CyberKnife System automatically tracks,detects and corrects for tumor and patient movement in real-time throughoutthe treatment. This enables the CyberKnife System to deliver high-doseradiation with pinpoint precision, which minimizes damage to surroundinghealthy tissue and eliminates the need for invasive head or body stabilizationframes.
About Accuray
Accuray Incorporated (Nasdaq: ARAY), based in Sunnyvale, Calif., is aglobal leader in the field of radiosurgery dedicated to providing an improvedquality of life and a non-surgical treatment option for those diagnosed withcancer. Accuray develops and markets the CyberKnife Robotic RadiosurgerySystem, which extends the benefits of radiosurgery to include extracranialtumors, including those in the spine, lung, prostate, liver and pancreas. Todate, the CyberKnife System has been used to treat more than 50,000 patientsworldwide and currently 145 systems have been installed in leading hospitalsin the Americas, Europe and Asia. For more information, please visithttp://www.accuray.com.
SOURCE Accuray Incorporated
