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Compumedics (ASX:CMP) has inked the fifth order with a customer worth $5 million for its magnetoencephalography-based (MEG) brain scanner tech, called Orion Lifespan, to a university in Beijing, bringing total sales thus far to $25 million for the medical device smallcap.
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This content has been prepared as part of a partnership with Compumedics Ltd and is intended for informational purposes only.
Magnetoencephalography is an established brain-scanning technique similar to MRI or PET scans, but relying instead on detecting magnetic fields which are produced by the brain’s naturally occurring electrical impulses.
It is sometimes used as a pre-surgery mapping tool, and also offers insights into various questions, such as those of neuroscience researchers (underlined by today’s order going to a university).
What sets Compumedics apart, in its own words, is that its in-house tech, under the Orion Lifespan brand name, offers a superior MEG scanning capability due to the inclusion of ‘Double Relaxation Oscillation Superconducting Quantum Interference Devices (DROS SQUIDs).
“A unique dual-helmet dewar enables accurate measurements from adult and paediatric populations, along with hyperscanning. This includes a sensors-in-vacuum cooling system for more sensitive measurements,” the company wrote on Monday.
“The MEG system, along with a host of peripherals including simultaneous EEG, stimulators, computers, and CURRY neuroimaging software, will ship to Beijing Normal University in FY27, aligned with MEG production lead times.” CURRY refers to an in-house software product that interfaces the brain scan data.
“The unique features of the Orion LifeSpan, including dual measurement helmets, 100% helium recycling and CURRY software, were once again significant factors in the selection of Compumedics as an MEG supplier,” CMP Global Business Director Gordon Haid said.
CMP last traded at 36cps.
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