Micro-X licensing, sales and R&D progress

Carbon fibre nanotube X-ray manufacturer Micro-X made significant progress in the quarter to September as it commercialises its unique technology through increased sales activity, funded R&D activities and technology licensing to non competing firms.

During the Quarter the company successfully completed the technology transfer to medical X-ray tube to Varex Imaging Corporation for NEX Technology multi-beam x-ray tubes, which are enabled by Micro-X’s proprietary high-voltage generators.

With the achievement of the final milestone under the license agreement, Micro-X received a $1.5 million payment from Varex along with its initial $100,000 order for high-voltage generators.

Micro-X Chief Executive Officer Kingsley Hall said: “The achievement of this milestone completes the technology transfer and creates a pathway to continue the excellent working relationship that we have established with Varex.

“The creation of this ongoing relationship was a key consideration in the genesis of this agreement.

“The multi-beam technology that we have now licensed is enabled by the Micro-X high-voltage generator, of which we have received an initial order to supply multi-emitter variants of and discussions are progressing for additional and ongoing supply.”

In early October 2024, French digital radiography developer DMS Imaging unveiled their mobile Onyx radiology unit which also leverages Micro-X’s NEX technology.

Micro-X is supplying DMS Imaging with a minimum yearly number of imaging systems, and received an initial $500,000 order.

The licensing agreements were matched by progress marketing Micro-X’s Rover Plus portable patient X-ray imager, with the company in the second stage of evaluation with a major US hospital and buying group.

Following a first stage evaluation of the Rover Plus in two US medical facilities, the second stage involves multiple Rover Plus units in use in their hospital system.

Micro-X also has two multi-million funded R&D projects underway with a second passenger Baggage CT Scanner prototype delivered to Micro-X US headquarters with the Department of Homeland Security the ultimate customer.

Micro-X is also the prime contractor under a separate US$14 million contract with the DHS developing airport passenger self-screening security Checkpoints.

Under its contract with the Australian Stroke Alliance to develop a small stroke scanner, the company continued work towards the next ASA milestone which requires the use of a test bench of the Head CT device to generate CT images.

After considering this feedback from potential customers, Micro-X has commenced coupling its Argus improvised explosives detection device with transmission X-ray capability through an agreement with Pexraytech, a transmission x-ray manufacturer from Finland.

“The development of the Argus Transmission Kit, which combines Argus’ unique backscatter imaging capabilities with additional transmission X-ray capabilities, continued as planned during the Quarter and is nearly complete.”

Picture: Micro-X/Argus improvised explosive device scanner – receiving new capabilities