Varex Imaging Corporation has entered into a renewed three-year pricing agreement with Canon Medical Systems Corporation effective for calendar years 2020-2022.
“We are very pleased to continue our multi-decade long relationship with Canon Medical Systems and bring to their next generation imaging systems our portfolio of innovative X-ray based technology, which can accelerate time to market and reduce total cost of ownership,” said Sunny Sanyal, Chief Executive Officer of Varex Imaging Corporation.
Varex will continue to supply its computed tomography (CT) tubes and heat exchangers for integration into Canon Medical Systems’ CT imaging systems for the global market. Potential product sales associated with this renewed agreement are estimated to be approximately $385 million over the term of the agreement. Varex also supplies Canon Medical Systems with digital detectors and high voltage connectors through separate agreements.