Swissray sells Romania 30 more ddR systems

November 8, 2000

Romania has once again proved fertile ground for Swissray, which is selling the Romanian government 30 ddRChest-Systems for more than $7 million, in addition to the 32 ddRMulti-Systems delivered earlier this year for $13.8 million.Swissray reported its

Romania has once again proved fertile ground for Swissray, which is selling the Romanian government 30 ddRChest-Systems for more than $7 million, in addition to the 32 ddRMulti-Systems delivered earlier this year for $13.8 million.

Swissray reported its first-ever positive cash flow from operating activities (SCAN, 10/11/00). The Switzerland-based company said it has sold or contracted for more than 100 ddR systems worldwide. The company hopes to surpass this figure in 2001.

Swissray was delisted from the NASDAQ stock exchange in 1998 after its stock steadily declined to a per-share price below $1. With sales now climbing, the company hopes to be relisted soon.