SUNNYVALE, Calif., Nov. 29 Accuray Incorporated(Nasdaq: ARAY), a global leader in the field of radiosurgery, announced todaythat the World Economic Forum has selected Accuray as a Technology Pioneersfor 2008.
Technology Pioneers are companies that have been identified as developingand applying highly transformational and innovative technologies in the areasof energy, biotechnology and health, and information technology. To beselected as a Technology Pioneer, a company must be involved in thedevelopment of life-changing technology innovation and have the potential forlong-term impact on business and society. In addition, it must demonstratevisionary leadership, show all the signs of being a long-standing marketleader -- and its technology must be proven.
As one of this year's Technology Pioneers in the Biotechnology/Healthcategory, Accuray is changing the way cancer is treated by bringing to marketinnovative technologies that offer non-invasive treatment alternatives forpatients around the world.
"We are honored that an organization as prestigious as the World EconomicForum has acknowledged Accuray and the CyberKnife System as pioneers in cancercare," said Euan S. Thomson, Ph.D., president and chief executive officer ofAccuray Incorporated. "It is our hope that this award brings greatervisibility to the expanding role of CyberKnife radiosurgery and its efficacyin treating tumors anywhere in the body non-invasively."
The Technology Pioneers 2008 were nominated by the world's leadingtechnology experts, including venture capitalists, technology companies,academics and media. The final selection from 273 nominees was made by a panelof leading technology experts appointed by the World Economic Forum.Technology Pioneers 2008 are invited to participate in the World EconomicForum Annual Meeting 2008 that will be held in Davos, Switzerland, fromJanuary 23-27, 2008 and in the Annual Meeting of the New Champions that willbe held in Tianjin, People's Republic of China from September 25-27, 2008.
"This year the World Economic Forum received a record number ofapplications from companies around the world to become a Technology Pioneer.From a highly competitive field, we are extremely pleased to have a communitythat is using innovation and technology to dramatically affect the way societyand business operate and doing so in a markedly collaborative manner. We areexcited to welcome the Technology Pioneers class of 2008 to the largercommunity of the World Economic Forum and we are looking forward to the fruitsthat their collaboration will bring," said Peter Torreele, managing directorof the World Economic Forum.
Of the 39 companies selected, twenty-three of the Technology Pioneers 2008are U.S.-based companies. Israel and the United Kingdom each boast three;Sweden and Switzerland two each; Canada, France, Germany, India, theNetherlands and Russia, one each. Technology Pioneers are nominated in threemain categories: Energy/Environment, Biotechnology/Health and InformationTechnology.
About the World Economic Forum
The World Economic Forum is an independent international organizationcommitted to improving the state of the world by engaging leaders inpartnerships to shape global, regional and industry agendas.
Incorporated as a foundation in 1971, and based in Geneva, Switzerland,the World Economic Forum is impartial and not-for-profit; it is tied to nopolitical, partisan or national interests. (http://www.weforum.org)
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