Q1 2021 Nano-X Imaging Ltd Earnings Call Transcript
Thank you, Glenn, and thanks to everyone joining our first quarter update call. Also joining me on the call this morning is Itzhak Maayan, our CFO. I would like to start with the FDA 510(k) clearance of Nanox Cart X-ray system. The key highlights since our last quarterly update has been the FDA clearance for our single source system.
Which we now refer to by its cleared name the Nanox Cart X-ray system. This 510(k) clearance represents a significant milestone for our company. It is the result of 9 years of R&D and the very meaningful leap forward in x-ray technology. We believe that this clearance supports a similar regulatory pathway for the multi-source system. This clearance is an important stepping stone towards our designated commercial multisource system the Nanox.ARC.
That leverages our unique MEMs chip, low voltage, nanoscale cold casted X-ray source technology. It is smaller and cheaper to manufacture the legacy hot filament technology that requires special cooling and rotating mechanics, and we believe can
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