Chinese Province Awards Time Medical $21 Million Research Grant For Breakthrough MR Technology

Online, March 28, 2011 (Newswire.com) - Jiangsu Province in China has awarded Time Medical Systems the prestigious "2010 Technology Innovation - Best Team Award" in recognition of its breakthrough High Temperature Superconducting (HTS) Technology and innovative MR products.
Along with the award, the Time Medical team, led by Professor Q. Y. Ma, founder and CEO of Time Medical, will receive a $21 million RMB research and development grant earmarked to further develop key MRI components and commercialize its patented HTS RF coil products over the next three years. Time Medical was the only company in the middle/northern Jiangsu region to receive the coveted award.

"This award is China's testament to continually promote its hi-tech medical equipment industry, and we are honored to be recognized as the leading-edge team in this field," said Professor Ma. "This grant support will undoubtedly help us speed our development and commercialization of HTS RF coil products and enhance our capability to achieve greater innovations in order to benefit more patients. We thank the Jiangsu government for its great support."

About Time Medical, which is Systems designs, produces and markets advanced medical equipment for the global imaging market? Its team of scientists continues to pursue global scientific, technological and clinical excellence in an ongoing effort to develop the world's most sensitive and accurate medical systems used to detect and fight major illnesses. Time Medical continually strives to become a world-class medical equipment company in an effort to benefit the world with its innovative technology.

For further enquiries, please contact:
Tracy Kuok
Vice President, Corporate & External Affairs, Time Medical
[email protected] | Tel: +65 6776-7819