Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Hitachi, Ltd.    6501   JP3788600009

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Hitachi, Ltd. : MOU to Start Exclusive Negotiations on Supply of Proton Beam Therapy System to Hospital No. 63 in Moscow, Russia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/26/2013 | 04:02am CEST

Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.

MOU to Start Exclusive Negotiations on Supply of Proton Beam
Therapy System to Hospital No. 63 in Moscow, Russia

Tokyo, December 26, 2013 --- Hitachi, Ltd. (TSE:6501) today announced that it has signed a memorandum of understanding (MOU) with Group of Companies European Medical Center (GEMC) in the Russian Federation,on the supply of a proton beam therapy system to hospital No. 63 in Moscow. Based on the MOU, Hitachi and GEMC will enter into exclusive negotiations with the aim of reaching a formal contract by the end of March 2014.

The irradiation of tumors with beams of accelerated particles (protons or carbon ions) has become recognized as a new form of cancer treatment. With a high incidence of cancer comparable to Japan or Europe, Russia is planning the construction of a number of new particle beam therapy facilities to strengthen its capabilities for treatment of the disease.

Backed by more than 20 years of history and tradition in Moscow, GEMC is one of the largest private medical service companies in Russia, operating 24-hour emergency clinics, pediatric hospitals, and women's hospitals at 5 locations in Moscow. The company is growing by creating private medical facilities, and providing them modern medical management and services in Moscow.

In April 2013, Hitachi entered into a strategic partnership with GEMC and the Budker Institute of Nuclear Physics (BINP) aimed at promoting the construction of hadron therapy systems in Russia. The new MOU announced today represents the first project to be initiated under this partnership. In addition to collaborating on construction through the supply of technical documents and other resources required for the building design, Hitachi will also be entering into exclusive negotiations toward a formal contract for supply of the system. It is expected that the contract will be signed by the end of March 2014.

Hitachi started developing proton beam therapy systems approximately 20 years ago. The technology has earned widespread recognition as an effective cancer treatment, with systems having been supplied to the University of Tsukuba and Nagoya Proton Therapy Center in Japan. Outside Japan, Hitachi has supplied a system to the MD Anderson Cancer Center in the USA, one of the world's largest specialist cancer hospitals. Particle beam therapy systems for Hokkaido University and three well-known clinics in the USA are currently under construction.

In addition to making an ongoing contribution to the wider adoption of advanced radiation therapy and other cancer treatments through the supply of particle beam therapy systems that incorporate leading-edge technologies such as spot scanning, Hitachi is also committed to the global operation of its healthcare and other social innovation businesses.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company's consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.http://www.hitachi.com.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HITACHI, LTD.
02:16a HITACHI : May 24, 2017Latest Wylfa Newydd power station plans published for cons..
05/22 HITACHI : Notice of the 148th Annual General Meeting of Shareholders
05/19 HITACHI : America Partners with Nucleus Research to Deliver Microsoft Dynamics 3..
05/19 EXCLUSIVE : EDF set to win EU approval for Areva nuclear reactor deal - source
05/19 HITACHI : Damages Caused by Ransomware, and Status of Recovery
05/18 HITACHI CHEMICAL : Researchers Submit Patent Application, "Cell Capture Device, ..
05/18 HITACHI METALS : Patent Issued for Method and Device for Recovering Hydrogen Pul..
05/18 Japan fund, likely Toshiba chip unit investor, to raise $2.7 billion
05/18 MITSUBISHI HEAVY INDUSTRIES : Hitachi Power Systems Opens New Warsaw Office Impr..
05/18 HITACHI : May 17, 2017Damages Caused by Ransomware, and Status of Recovery
More news
Sector news : Industrial Conglomerates
08:48aDJHoneywell to Decide on Spinoff by the Fall -- WSJ
05/23DJHoneywell to Decide on Aerospace Spinoff by the Fall -- Update
05/23 Westinghouse reaches deal for $800 million U.S. bankruptcy loan
05/23DJHoneywell to Decide on Aerospace Spinoff by the Fall
05/22 GENERAL ELECTRIC : GE faces EU probe related to LM Wind Power deal
More sector news : Industrial Conglomerates
News from SeekingAlpha
05/17 Hitachi and Autoliv battle for Subaru camera contract
05/15 Hitachi's (HTHIY) CEO Toshiaki Higashihara on 2018 Mid-term Management Plan P..
05/12 Hitachi reports FY results
04/25 WALL STREET BREAKFAST : Border Wall, Taxes And Tariffs
04/25 Toshiba to start taking bids for Swiss unit
Advertisement
Financials ( JPY)
Sales 2018 9 066 214 M
EBIT 2018 562 500 M
Net income 2018 283 605 M
Debt 2018 1 527 366 M
Yield 2018 2,07%
P/E ratio 2018 11,42
P/E ratio 2019 10,28
EV / Sales 2018 0,52x
EV / Sales 2019 0,51x
Capitalization 3 228 270 M
More Financials
Chart HITACHI, LTD.
Duration : Period :
Hitachi, Ltd. Technical Analysis Chart | 6501 | JP3788600009 | 4-Traders
Full-screen chart
Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 772  JPY
Spread / Average Target 16%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Toshiaki Higashihara Executive President, CEO & Director
Hiroaki Nakanishi Chairman
Mitsuaki Nishiyama Chief Financial Officer
Shinichiro Omori Chief Information & Transformation Officer
Norihiro Suzuki Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HITACHI, LTD.5.73%29 355
GENERAL ELECTRIC COMPA..-10.82%244 714
SIEMENS AG8.60%120 951
3M CO10.73%118 558
HONEYWELL INTERNATIONA..13.80%100 507
E I DU PONT DE NEMOURS..5.37%67 091
More Results