2001 Product Line Strategy Award

Frost & Sullivan presents the 2001 Product Line Strategy Award for the dedicated PET market to CTI PET Systems Inc.

CTI PET Systems (CPS) has clearly demonstrated an understanding of customer needs by developing a broad and innovative product line. CPS has been the pioneer of most major innovations within the dedicated PET market including the introduction of the first commercially available PET scanner in 1976. Often they have used their pioneering status to be the first to market for a number of technological innovations, such as offering the first BGO PET scanner for less than $1 million in 1994. Their product line encompasses four products within the full range of Tier 1,2 and 3 products. These products include the low-end ECAT ART with an estimated price of $800,000, the most commonly installed scanners in the U.S, the Exact and Exact HR+ and the latest high-end offering, the ECAT Accel. The ECAT Accel is expected to take see strong sales growth with throughput times as fast as 20 minutes. CPS' extremely broad product line facilitates entry into all end-user segments of the market including academic and community hospitals, freestanding imaging and PET clinics as well as mobile PET providers. CPS has leveraged their product line further by entering into strategic or distribution alliances with Siemens and Marconi. These relationships demonstrate well executed business development and have allowed them to create the largest installed base in the U.S. among all PET manufacturers.