News | News Releases | 2000

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Medium-term financing from the Export-Import Bank of the United States is helping Imatron Inc., a South San Francisco, CA, small business, sell $2 million of medical imaging equipment, software and services to outfit a new medical clinic in Istanbul, Turkey. Metron Saglik Hizmetleri A.S. will use the equipment to operate a full service imaging center for orthopedic, cardiology, pulmonary, and thoracic diagnostics. Ex-Im Bank’s medium-term guarantee is backing a loan from Webster Bank, Hartford, CT.

Gary Baxter, Imatron’s vice president for international sales, said: "Without Ex-Im Bank, the sale would have been more difficult and taken longer. Ex-Im Bank assures that the sale is indeed going to go through. We’re looking forward and betting our future growth on international sales and we will look to Ex-Im Bank to help make it happen."

More business means more jobs at Imatron’s San Francisco manufacturing facility. "We have hired over 100 people in the last 2 years due to increased sales," said Baxter. "The product is capital intensive and each sale supports 3 or 4 manufacturing jobs per machine and up to 7 employees per machine."

Imatron designs, manufactures and markets the Electron Beam Tomography Scanner, used for general purpose computed tomography scanning and, through its patented high-speed electron beam technology, for early stage identification of sub-clinical cardiac and pulmonary disease.

Ex-Im Bank is an independent U.S. government agency that helps finance the sale of U.S. exports primarily to emerging markets throughout the world, by providing loans, guarantees, and insurance. Ex-Im Bank supported $15.5 billion in U.S. exports in fiscal year 2000.