RaySearch Laboratories AB (STO:RAYB) has entered into a long-term distribution agreement with Hitachi Medical Corporation (Hitachi) based in Tokyo, Japan. The agreement means that Hitachi will be fully responsible for marketing, sales and service of RaySearch's proprietary treatment planning system RayStation® on the Japanese market from April 1, 2014.
Japan is one of the largest radiation therapy markets in the world with approximately 700 radiation therapy clinics. Hitachi is a leading distributor of radiation therapy equipment in Japan and represents a wide range of international radiation therapy equipment suppliers. The company was founded in 1949 and has over 5,000 employees globally. Hitachi is highly experienced in the field of radiation therapy treatment planning systems serving 300 Japanese radiation therapy centers with a dedicated sales and support unit with over 30 employees. In addition Hitachi has a broad network of local sales and service staff covering all of Japan.
"Hitachi Medical Corporation is a leading distributor of advanced radiation therapy equipment with a long track record and a large installed base, so we are of course delighted that they have elected to partner with RaySearch. We will now work closely together with Hitachi's experienced experts to satisfy the needs of the Japanese clinics and I am fully convinced that this collaboration will be highly fruitful for both companies", says Johan Löf, CEO of RaySearch."
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