The VDP1 product was displayed in trade show in Los Angeles and drew the attention of General Electric, the world leader in medical imaging; and in 1971, Elscint and General Electric signed an exclusive distribution agreement in North America.
•
Elscint was founded as a subsidiary of Elron with an initial investment of 250.000 US dollars, Suhami was appointed as the company's CEO and Dan Tolkovsky (who was the CEO of Discount Investment Corporation parent of Elron at the time) was appointed as Chairman.
•
In 1971, Fred Adler, an East Coast venture capitalist, invested in Elscint and 1972 helped the company undertake an initial public offering on the NASDAQ, making Elscint the first Israeli company to list on the NASDAQ.
•
Elscint (a portmanteau of the words "electronic" and "scientific) was founded in 1969 by Dr. Avraham Suhami, who was a nuclear physics professor at the Technion – Israel Institute of Technology at the time, after receiving encouragement to apply his scientific and technical knowledge for commercial applications from Uzia Galil, founder of Elron, a technology investment company.
Elscint |
The origins of Elbit Medical Imaging can be traced to 1990, when Elbit's medical arm, at the time a subsidiary of Elron, acquired a majority share in Elscint.
In 1969, Uzia convinced a talented engineer, Avraham Suhami, who just completed his PhD at the Technion, to join him and start a new company that will focus on the developed of medical and scientific solutions, a new company - Elscint, a contraction of the words "electronic" and "scientific", was established again with the support of Dan Tolkowsky.