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Siemens and Xintek Form Joint Venture to Develop Nanotechnology-Enabled Multi-Pixel X-ray Tubes

Wednesday, September 19, 2007 General News J E 4
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RESEARCH TRIANGLE PARK, N.C., Sept. 18 SiemensMedical Solutions (www.usa.siemens.com/medical) and Xintek Inc. announce todaythat they have signed an agreement to establish a joint venture company inResearch Triangle Park, N.C. The mission of the new company, named XinRaySystems, is to develop a new multi-pixel X-ray source technology for a broadrange of diagnostic imaging applications.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )

X-ray radiation is widely used today for a broad range of applications,including medical imaging and therapy, homeland security, and industrialinspection. The basic design of the X-ray tubes, however, has not changedsignificantly since Roentgen's discovery over a hundred years ago. Siemens andXintek have developed a nanotechnology-based field emission X-ray sourcetechnology that fundamentally changes how X-ray radiation is generated andutilized. This technology is expected to enable new diagnostic imaging systemswith enhanced performance and new capabilities.

"Siemens has a long, proud history as a leader in the development of X-raysources for various imaging applications," said Peter Schardt, Ph.D.,department head, research and development, Siemens Medical Solutions. "Throughour joint venture with Xintek we look forward to adding another chapter in ourhistory of innovation by further advancing X-ray with the incorporation ofbreakthrough nanotechnologies."

"We are pleased to form this joint venture with Siemens and look forwardto working together to realize the potential opportunities in bringingnanotechnology and X-ray technology together in the diagnostic X-ray imagingfield," said Otto Zhou, Ph.D., chairman, Xintek.

The joint venture company combines the activities Siemens and Xintek havebeen undertaking jointly over the last two years under one roof in NorthCarolina and is staffed by a strong technical team transferred from Xintek andSiemens facilities in Germany and China.

About Xintek

Xintek Inc. is based in the Research Triangle Park of North Carolina. Thecompany develops nanotechnology-based products for industries, including X-rayimaging and information display. Xintek is a spin-off from the University ofNorth Carolina at Chapel Hill. Additional information regarding Xintek can befound at www.xintek.com.

About Siemens Medical Solutions

Siemens Medical Solutions of Siemens AG (NYSE: SI) is one of the world'slargest suppliers to the healthcare industry. The company is known forbringing together innovative medical technologies, healthcare informationsystems, management consulting, and support services, to help customersachieve tangible, sustainable, clinical and financial outcomes. Recentacquisitions in the area of in-vitro diagnostics -- such as DiagnosticProducts Corporation and Bayer Diagnostics -- mark a significant milestone forSiemens as it becomes the first full service diagnostics company. Employingmore than 41,000 people worldwide and operating in over 130 countries, SiemensMedical Solutions reported sales of 8.23 billion EUR, orders of 9.33 billionEUR and group profit of 1.06 billion EUR for fiscal 2006 (Sept. 30). Furtherinformation can be found by visiting www.usa.siemens.com/medical-pressroom.

SOURCE Siemens Medical Solutions
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