This segment focuses on the research, development, and manufacturing of flat panel X-ray detectors for various medical applications. iRay's detectors utilize advanced technologies such as amorphous silicon and CMOS sensors to provide high-resolution images with low radiation doses. R&D activities include improving detector sensitivity, reducing noise, and enhancing image processing algorithms. These detectors are used in radiography, mammography, dental imaging, and other diagnostic procedures, enabling clinicians to make accurate diagnoses and improve patient outcomes. The company's market positioning is strong in China and expanding internationally, with a focus on providing cost-effective and high-performance solutions. Future opportunities include expanding into new imaging modalities and integrating AI-powered image analysis tools. Regulatory compliance and clinical validation are crucial aspects of this segment, ensuring the safety and efficacy of the products. Partnerships with medical equipment manufacturers are key to market access and distribution.

This segment concentrates on the application of X-ray detector technology in industrial settings, such as security screening and non-destructive testing (NDT). iRay develops detectors and imaging systems for applications like baggage screening, cargo inspection, and quality control in manufacturing. Research and development efforts are focused on improving image quality, increasing scanning speed, and enhancing the ability to detect subtle defects or anomalies. The technologies employed include advanced image processing algorithms and specialized detector designs tailored for specific industrial needs. The patient impact is indirect, as these solutions contribute to enhanced security and product quality. iRay's market position is strengthened by its ability to provide reliable and efficient imaging solutions for a wide range of industrial applications. Future growth opportunities include expanding into new industrial sectors and developing advanced imaging systems for automated inspection processes. Regulatory compliance and adherence to industry standards are essential for market access and customer acceptance. Collaborations with security and NDT equipment manufacturers are important for distribution and market penetration.