Time Medical awarded $21 million research grant for breakthrough in MR technology

Jaingsu Province, China has awarded Time Medical 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, Time Medical team, led by Prof. Q.Y. Ma, founder and CEO of Time Medical, received a $21 million research and development grant earmarked to further development of key MRI components and commercialization of 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 commitment to continually promote it's hi-tech medical equipment industry, and we are honored to be recognized as the leading-edge team in this field", said Prof. Ma.  "This grant support will undoubtedly help us speed up our development and commercialization of HTS RF coil products and enhanced our capability to achieve greater innovations in order to benefit more patients.  We thank the Jiangsu Government for its great support."