Supertron Technologies Inc, a leading developer of next-generation cryogenic Magnetic Resonance Imaging (MRI) coils and accessories today announced the acquisition of leading MRI coil manufacturer Spin Systems (QLD) based in Brisbane, Australia. Supertron is based in the Enterprise Development Center (EDC) (www.njit-edc.org) at New Jersey Institute of Technology (NJIT) (www.njit.edu).
Spin Systems is a spin-out of the Centre for Magnetic Resonance at the University of Queensland in Brisbane, Australia. It has developed a product line of more than 1,000 products, including conventional MRI coils and other accessories for clinical and preclinical imaging.
Both Spin and Supertron will change the company name to m2m Imaging Corp (www.m2mimaging.com). The new company name encapsulates the broad spectrum of molecule-to-man imaging products the company is offering and developing. m2m Imaging Corp will remain a investment partner of Amphion Innovations PLC with C. Richard Hullihen as chief executive officer of the newly merged company.
“We are combining the strengths of these two businesses just as they are poised to take advantage of the tremendous new wave of R&D in molecular imaging and magnetic resonance,” said Hullihen. “It’s a perfect match. We are combining a reputation for developing coils at the leading edge of research in MR at frequencies up to 900MHz, while at the same time beginning to exploit the performance benefits of combining cryogenic cooling and advanced HTS materials in signal detection. We have created a new supplier in the industry able to offer end users, researchers, and OEM’s a tremendous array of coils and accessories that enable them to achieve things never before possible in imaging.”
Professor Ian Brereton, acting director of the University of Queensland Centre for Magnetic Resonance (CMR) said “The acquisition represents a unique opportunity for m2m to become a major player in international MRI coil and accessory markets. This exciting development will stimulate new product development collaborations, and technology transfer between m2m and CMR”.
Spin has enjoyed a long standing supply relationship with Bruker BioSpin GmbH. This relationship for the production and R&D of MRI coils and accessories will be expanded as part of an MOU between the new combined company and Bruker.
Dr. Bernard Gewiese, managing director of Bruker BioSpin MRI said, ‘We have of course had a close relationship with the University of Queensland for many years, and have also been a satisfied customer of Spin Systems. We are very excited about the possibilities that the new combined company m2m Imaging will bring to the market for providing even higher levels of performance and service to imaging researchers everywhere.”
About m2m Imaging Corp.
m2m Imaging is a market leading developer and manufacturer of conventional and cryogenically cooled preclinical and clinical MRI coils and imaging accessories. Our gateway technology MRI coils have demonstrated capability of significantly increasing speed and resolution of the MRI scanner for imaging molecules to man. m2m’s coils have been demonstrated at leading medical institutions such as Brigham & Women's Hospital of Harvard Medical School.
On the Web: www.m2mimaging.com
About EDC at NJIT
Since 1988, the Enterprise Development Center (EDC) at New Jersey Institute of Technology (NJIT) has helped inventors move innovative products out of the lab and into the marketplace. A high-tech business incubator housed in a trio of Newark buildings, the EDC provides office and lab space, financial help, business and technical services, and the shared expertise of the center’s managers. EDC is open to for-profit enterprises, operating fewer than four years and that offer new technologies. The companies must have a business plan, and show evidence that they will be likely to benefit from EDC’s three-year tenancies. EDC aims to reduce risk for fledgling entrepreneurs, ultimately creating businesses that will generate jobs and bolster New Jersey’s economy. To date, EDC has graduated more than 75 companies.