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Lumitron Technologies

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uuid00022ri

Namestring
Lumitron Technologies
Legal namestring
Lumitron Holdings Inc
Company typeenum
Private
Founded yearint
2013
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersIrvine, United States
HQ citystring
Irvine
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
laser-compton x-ray, medical imaging systems, radiation therapy devices, non-destructive evaluation, accelerator-based imaging
Industry3 codes
1X-ray & Fluoroscopy Systems
CodeHLAHABAAPrimaryYes
2Radiation Oncology
CodeHLAKAFACPrimaryNo
3Nuclear Medicine & Molecular Imaging (SPECT/PET)
CodeHLAHABAEPrimaryNo
NAICS code2 codes
  • Irradiation Apparatus Manufacturing334517
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
SIC code1 code
  • X-Ray Apparatus & Tubes & Related Irradiation Apparatus3844
Product category
Medical Imaging Equipment
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1X-ray and VHEE System Hardware Sales
TypeHardware Sales
Description

Sale of HyperVIEW EBCS X-ray systems to healthcare providers, research institutions, and industrial customers. Systems are comparable in size to MRI or CT instruments and represent the core product line.

lumitronxrays.com
2Licensing and Technology Rights
TypeLicensing Royalties
Description

Lumitron holds exclusive commercial development rights to proprietary X-ray and laser technology developed at Lawrence Livermore National Laboratory. Revenue may be generated through licensing arrangements.

lumitronxrays.com
3US Government Research Contracts
TypeProfessional Services
Description

The company has been awarded multiple US Government research contracts supporting R&D activities, representing a revenue stream for technology development.

lumitronxrays.com
4Industrial Application Partnerships
TypeManaged Services
Description

Active programs with major industry leaders in healthcare and non-destructive materials analysis generating revenue through collaboration agreements.

lumitronxrays.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Personnel, Supply Chain, Infrastructure, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1HyperVIEW
Description

Lumitron's flagship imaging platform using laser-Compton X-ray technology that delivers up to 1000x resolution improvement and 100x lower radiation dose compared to standard X-rays. The platform enables cellular-level imaging and treatment for medical and industrial applications.

lumitronxrays.com
+2 more records
Core offering1 text field

Lumitron Technologies develops and commercializes advanced laser-Compton X-ray imaging and radiotherapy systems through its HyperVIEW platform. The systems provide up to 1,000x higher resolution and 100x lower radiation dose than conventional X-rays, enabling cellular-level imaging and VHEE FLASH radiotherapy for cancer treatment in a form factor comparable to MRI or CT instruments. Core technology is the proprietary Distributed Charge Compton Source (DCCS) exclusively licensed from Lawrence Livermore National Laboratory.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 1,000x higher resolution imaging compared to conventional X-rays (effective X-ray spot size of ~100 nanometers vs. 600-800 microns in conventional systems)
+5 more records
Product overview1 text field

Lumitron Technologies has developed a unified product portfolio anchored by the HyperVIEW platform, which encompasses multiple integrated systems: the HyperVIEW X-Ray System (FDA Breakthrough Device-designated for breast cancer detection), the HyperVIEW EBCS (Extremely Bright Compton Source) for high-resolution imaging, and the HyperVIEW VHEE FLASH Radiotherapy Platform for cancer treatment. All products are powered by the proprietary Distributed Charge Compton Source (DCCS) technology developed at Lawrence Livermore National Laboratory. The platform delivers up to 1000x resolution improvement and 100x dose reduction compared to conventional X-rays, enabling cellular-level imaging and treatment capabilities previously only possible at billion-dollar synchrotron facilities.

Product and service3 records
1HyperVIEW X-Ray System
CategoryMedical Imaging Equipment
Description

An FDA Breakthrough Device-designated X-ray imaging system using proprietary laser-Compton technology and K-Edge subtraction technique for contrast-enhanced cancer detection, providing 100x higher resolution with significantly lower radiation dose than standard X-rays, targeting breast cancer diagnosis in hospital settings.

2HyperVIEW EBCS (Extremely Bright Compton Source)
CategoryMedical Imaging Equipment
Description

A compact electron beam and X-ray technology platform that collides near-light-speed electron beams with laser beams to produce high-energy X-ray beams, delivering imaging at 1,000x higher resolution and/or 100x lower dose than conventional X-rays for research institutes, university hospitals, and industrial customers.

3HyperVIEW VHEE FLASH Radiotherapy Platform
CategoryRadiotherapy Equipment
Description

An image-guided radiotherapy platform featuring the world's first compact Very High Energy Electron (VHEE) FLASH-ready source, enabling cancer cell destruction at rates billions of times faster than standard clinical radiation sources while preserving healthy tissue, with potential for image-guided treatment in a single session.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2018-09-07
Description

Lumitron holds exclusive commercial development rights to proprietary X-ray and laser technology conceived and developed at LLNL. The technology leverages more than $220 million of R&D investment by the US Department of Energy. Chris Barty, Lumitron's CTO, spent 17 years at LLNL and invented the core technologies upon which Lumitron's systems are based. Richard Rankin, Director of LLNL's Innovation and Partnerships Office, noted that the technology transfer represents a major step forward for public benefit.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2018-09-07
Description

Lumitron established its global R&D and manufacturing facility within UCI's Research Park, co-located with the Beckman Laser Institute and Medical Clinic. The company works collaboratively with UCI's research teams, including Professor Bruce Tromberg (Director of Beckman Laser Institute), to explore implementation possibilities. Professor Barty is a Distinguished Professor at UCI in Physics, Astronomy, Surgery, and the Beckman Laser Institute.

Strategic tierCoreTypeTechnology or Integration
Description

SLAC National Accelerator Laboratory jointly developed the high-gradient X-band radio-frequency accelerator technology with LLNL that enables Lumitron's compact, high-flux laser-Compton light source operation.

4World's Largest Commercial Imaging Group
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Lumitron has signed an agreement with one of the world's largest commercial imaging groups showing the potential for wide-scale adoption of the HyperVIEW breakthrough technology across the group's global operations.

lumitronxrays.com
5Major Industry Leaders (Healthcare and Non-Destructive Materials)
Strategic tierCoreTypeTechnology or Integration
Description

Lumitron has multiple active programs with major industry leaders in healthcare and non-destructive materials analysis, including programs for developing new medical imaging and therapy applications as well as industrial inspection solutions.

lumitronxrays.com
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Varian is the dominant commercial vendor of linear accelerator-based radiation therapy systems and software. While not a laser-Compton source, it directly competes with Lumitron's VHEE FLASH radiotherapy ambitions in the same oncology treatment planning and delivery category that Lumitron targets.

TypeBroad incumbent
Description

Elekta is a global leader in radiation therapy and radiosurgery hardware (Elekta Unity, Versa HD, Gamma Knife). It competes with Lumitron in the radiotherapy equipment market and shares the same hospital and cancer center customer base that Lumitron targets with HyperVIEW.

TypeDirect peer
Description

Accuray develops CyberKnife and TomoTherapy radiation therapy systems for image-guided, precision radiotherapy. It is a closer comparable to Lumitron in size, growth profile, and innovation narrative within the radiation oncology equipment category, both targeting advanced precision treatments.

TypeDirect peer
Description

ViewRay pioneered MR-guided radiation therapy (MRIdian) combining imaging and treatment in a single platform. Its image-guided radiotherapy thesis and hardware-heavy, innovation-led positioning closely mirror Lumitron's HyperVIEW dual imaging-treatment value proposition.

TypeDirect peer
Description

RefleXion develops biology-guided radiotherapy (BgRT) using PET signals to guide treatment. It is a smaller, innovation-driven competitor pursuing next-generation image-guided radiotherapy modalities that overlap with Lumitron's imaging-plus-treatment platform thesis.

TypeBroad incumbent
Description

GE HealthCare is a global leader in medical imaging (CT, MRI, X-ray, PET/CT). Lumitron's HyperVIEW directly targets the diagnostic X-ray and advanced imaging categories where GE has dominant share, making GE both a competitive threat and a potential strategic partner or acquirer.

TypeBroad incumbent
Description

Siemens Healthineers is a top-tier imaging and radiotherapy vendor (through its Varian acquisition) with strengths in CT, angiography, and now linear accelerators. It competes broadly with HyperVIEW across imaging and therapy categories.

TypeBroad incumbent
Description

Philips is a major provider of diagnostic imaging systems (CT, MRI, X-ray) and image-guided intervention solutions. It is a broad incumbent in the hospital imaging equipment category where Lumitron seeks to displace legacy X-ray systems.

TypeDirect peer
Description

Hologic is the leading vendor of mammography and breast health imaging systems, including 3D tomosynthesis. Lumitron's HyperVIEW K-Edge mammography Breakthrough Device directly targets Hologic's core breast imaging franchise, making it the most direct peer in women's health imaging.

TypeEmerging player
Description

Mevion pioneered compact proton therapy systems using accelerator technology. Like Lumitron, it commercializes accelerator-based next-generation radiation therapy in a smaller hospital-deployable form factor, addressing the same unmet need for compact, precision radiotherapy sources.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors6 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lumitron Technologies

Medical Imaging Equipmentlumitronxrays.com

Lumitron Technologies firmographics

Firmographics
Name
Lumitron Technologies
Legal name
Lumitron Holdings Inc
Website
https://lumitronxrays.com
Company type
Private
Founded year
2013
Operating status
Operating
Headcount range
51–100 employees
Ownership category
akta.pro rank

Lumitron Technologies industry classification

Industry
Product category
Medical Imaging Equipment
NAICS
Irradiation Apparatus Manufacturing (334517), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
SIC
X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844)
akta.pro primary industry
X-ray & Fluoroscopy Systems (HLAHABAA)
akta.pro secondary industries
Radiation Oncology (HLAKAFAC), Nuclear Medicine & Molecular Imaging (SPECT/PET) (HLAHABAE)

Keywords

  • Laser-compton x-ray
  • Medical imaging systems
  • Radiation therapy devices
  • Non-destructive evaluation
  • Accelerator-based imaging

Where Lumitron Technologies is headquartered

Location

Headquarters

HQ city
Irvine
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Lumitron Technologies business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Supply Chain, Infrastructure, Operations, Marketing or Sales

Revenue model

  1. X-ray and VHEE System Hardware Sales: Sale of HyperVIEW EBCS X-ray systems to healthcare providers, research institutions, and industrial customers. Systems are comparable in size to MRI or CT instruments and represent the core product line.
  2. Licensing and Technology Rights: Lumitron holds exclusive commercial development rights to proprietary X-ray and laser technology developed at Lawrence Livermore National Laboratory. Revenue may be generated through licensing arrangements.
  3. US Government Research Contracts: The company has been awarded multiple US Government research contracts supporting R&D activities, representing a revenue stream for technology development.
  4. Industrial Application Partnerships: Active programs with major industry leaders in healthcare and non-destructive materials analysis generating revenue through collaboration agreements.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Lumitron Technologies product offering

Product offering

Core offering

Lumitron Technologies develops and commercializes advanced laser-Compton X-ray imaging and radiotherapy systems through its HyperVIEW platform. The systems provide up to 1,000x higher resolution and 100x lower radiation dose than conventional X-rays, enabling cellular-level imaging and VHEE FLASH radiotherapy for cancer treatment in a form factor comparable to MRI or CT instruments. Core technology is the proprietary Distributed Charge Compton Source (DCCS) exclusively licensed from Lawrence Livermore National Laboratory.

Product overview

Lumitron Technologies has developed a unified product portfolio anchored by the HyperVIEW platform, which encompasses multiple integrated systems: the HyperVIEW X-Ray System (FDA Breakthrough Device-designated for breast cancer detection), the HyperVIEW EBCS (Extremely Bright Compton Source) for high-resolution imaging, and the HyperVIEW VHEE FLASH Radiotherapy Platform for cancer treatment. All products are powered by the proprietary Distributed Charge Compton Source (DCCS) technology developed at Lawrence Livermore National Laboratory. The platform delivers up to 1000x resolution improvement and 100x dose reduction compared to conventional X-rays, enabling cellular-level imaging and treatment capabilities previously only possible at billion-dollar synchrotron facilities.

Differentiator

Problem solved

Functional benefit

Brands

  • HyperVIEW: Lumitron's flagship imaging platform using laser-Compton X-ray technology that delivers up to 1000x resolution improvement and 100x lower radiation dose compared to standard X-rays. The platform enables cellular-level imaging and treatment for medical and industrial applications.
  • HyperVIEW EBCS
  • HyperVIEW X-Ray System

Products and services

  • HyperVIEW X-Ray System An FDA Breakthrough Device-designated X-ray imaging system using proprietary laser-Compton technology and K-Edge subtraction technique for contrast-enhanced cancer detection, providing 100x higher resolution with significantly lower radiation dose than standard X-rays, targeting breast cancer diagnosis in hospital settings.
  • HyperVIEW EBCS (Extremely Bright Compton Source) A compact electron beam and X-ray technology platform that collides near-light-speed electron beams with laser beams to produce high-energy X-ray beams, delivering imaging at 1,000x higher resolution and/or 100x lower dose than conventional X-rays for research institutes, university hospitals, and industrial customers.
  • HyperVIEW VHEE FLASH Radiotherapy Platform An image-guided radiotherapy platform featuring the world's first compact Very High Energy Electron (VHEE) FLASH-ready source, enabling cancer cell destruction at rates billions of times faster than standard clinical radiation sources while preserving healthy tissue, with potential for image-guided treatment in a single session.

Quantifiable outcome

  • 1,000x higher resolution imaging compared to conventional X-rays (effective X-ray spot size of ~100 nanometers vs. 600-800 microns in conventional systems)
  • +5 more outcomes

Companies that use Lumitron Technologies

Customer profile

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Lumitron Technologies technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Lumitron Technologies partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core.

  • Lawrence Livermore National Laboratory (LLNL)coreTechnology or Integration · 7 September 2018Lumitron holds exclusive commercial development rights to proprietary X-ray and laser technology conceived and developed at LLNL. The technology leverages more than $220 million of R&D investment by the US Department of Energy. Chris Barty, Lumitron's CTO, spent 17 years at LLNL and invented the core technologies upon which Lumitron's systems are based. Richard Rankin, Director of LLNL's Innovation and Partnerships Office, noted that the technology transfer represents a major step forward for public benefit.
  • University of California, Irvine / Beckman Laser InstitutecoreStrategic or Co-development Partner · 7 September 2018Lumitron established its global R&D and manufacturing facility within UCI's Research Park, co-located with the Beckman Laser Institute and Medical Clinic. The company works collaboratively with UCI's research teams, including Professor Bruce Tromberg (Director of Beckman Laser Institute), to explore implementation possibilities. Professor Barty is a Distinguished Professor at UCI in Physics, Astronomy, Surgery, and the Beckman Laser Institute.
  • SLAC National Accelerator LaboratorycoreTechnology or IntegrationSLAC National Accelerator Laboratory jointly developed the high-gradient X-band radio-frequency accelerator technology with LLNL that enables Lumitron's compact, high-flux laser-Compton light source operation.
  • World's Largest Commercial Imaging GroupcoreStrategic or Co-development PartnerLumitron has signed an agreement with one of the world's largest commercial imaging groups showing the potential for wide-scale adoption of the HyperVIEW breakthrough technology across the group's global operations.
  • Major Industry Leaders (Healthcare and Non-Destructive Materials)coreTechnology or IntegrationLumitron has multiple active programs with major industry leaders in healthcare and non-destructive materials analysis, including programs for developing new medical imaging and therapy applications as well as industrial inspection solutions.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Lumitron Technologies competitors and assessment

Company assessment

Broad incumbents

  • Varian Medical Systems (a Siemens Healthineers company): Varian is the dominant commercial vendor of linear accelerator-based radiation therapy systems and software. While not a laser-Compton source, it directly competes with Lumitron's VHEE FLASH radiotherapy ambitions in the same oncology treatment planning and delivery category that Lumitron targets.
  • Elekta: Elekta is a global leader in radiation therapy and radiosurgery hardware (Elekta Unity, Versa HD, Gamma Knife). It competes with Lumitron in the radiotherapy equipment market and shares the same hospital and cancer center customer base that Lumitron targets with HyperVIEW.
  • GE HealthCare: GE HealthCare is a global leader in medical imaging (CT, MRI, X-ray, PET/CT). Lumitron's HyperVIEW directly targets the diagnostic X-ray and advanced imaging categories where GE has dominant share, making GE both a competitive threat and a potential strategic partner or acquirer.
  • Siemens Healthineers: Siemens Healthineers is a top-tier imaging and radiotherapy vendor (through its Varian acquisition) with strengths in CT, angiography, and now linear accelerators. It competes broadly with HyperVIEW across imaging and therapy categories.
  • Philips Healthcare: Philips is a major provider of diagnostic imaging systems (CT, MRI, X-ray) and image-guided intervention solutions. It is a broad incumbent in the hospital imaging equipment category where Lumitron seeks to displace legacy X-ray systems.

Direct peers

  • Accuray: Accuray develops CyberKnife and TomoTherapy radiation therapy systems for image-guided, precision radiotherapy. It is a closer comparable to Lumitron in size, growth profile, and innovation narrative within the radiation oncology equipment category, both targeting advanced precision treatments.
  • ViewRay: ViewRay pioneered MR-guided radiation therapy (MRIdian) combining imaging and treatment in a single platform. Its image-guided radiotherapy thesis and hardware-heavy, innovation-led positioning closely mirror Lumitron's HyperVIEW dual imaging-treatment value proposition.
  • RefleXion Medical: RefleXion develops biology-guided radiotherapy (BgRT) using PET signals to guide treatment. It is a smaller, innovation-driven competitor pursuing next-generation image-guided radiotherapy modalities that overlap with Lumitron's imaging-plus-treatment platform thesis.
  • Hologic: Hologic is the leading vendor of mammography and breast health imaging systems, including 3D tomosynthesis. Lumitron's HyperVIEW K-Edge mammography Breakthrough Device directly targets Hologic's core breast imaging franchise, making it the most direct peer in women's health imaging.

Emerging players

  • Mevion Medical Systems: Mevion pioneered compact proton therapy systems using accelerator technology. Like Lumitron, it commercializes accelerator-based next-generation radiation therapy in a smaller hospital-deployable form factor, addressing the same unmet need for compact, precision radiotherapy sources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Lumitron Technologies social profiles

Digital presence

Lumitron Technologies compliance and trust

Trust signal

Compliance1 record

Lumitron Technologies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lumitron Technologies leadership team

Management profile

Number of profiles

Profiles8 records

Lumitron Technologies funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lumitron Technologies M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lumitron Technologies

What does Lumitron Technologies do?

Lumitron Technologies develops and commercializes advanced laser-Compton X-ray imaging and radiotherapy systems through its HyperVIEW platform. The systems provide up to 1,000x higher resolution and 100x lower radiation dose than conventional X-rays, enabling cellular-level imaging and VHEE FLASH radiotherapy for cancer treatment in a form factor comparable to MRI or CT instruments. Core technology is the proprietary Distributed Charge Compton Source (DCCS) exclusively licensed from Lawrence Livermore National Laboratory.

Is Lumitron Technologies a public or private company?

Lumitron Technologies is a private company. It is classified as venture growth investor backed and is currently operating.

When was Lumitron Technologies founded?

Lumitron Technologies was founded in 2013. It employs 51 to 100 people.

Where is Lumitron Technologies based?

Lumitron Technologies is headquartered in Irvine, United States, in the North America region.

How does Lumitron Technologies make money?

Four revenue lines are on record. X-ray and VHEE System Hardware Sales are the primary driver. The others are licensing and Technology Rights, US Government Research Contracts and industrial Application Partnerships.

Who are Lumitron Technologies's main competitors?

Broad incumbents on record are Varian Medical Systems (a Siemens Healthineers company), Elekta, GE HealthCare, Siemens Healthineers and Philips Healthcare. Direct peers are Accuray, ViewRay, RefleXion Medical and Hologic. Mevion Medical Systems is listed as an emerging player.

Does Lumitron Technologies have an API?

No public API is recorded for Lumitron Technologies.

What industry is Lumitron Technologies in?

Lumitron Technologies's product category is Medical Imaging Equipment. Its primary akta.pro industry code is HLAHABAA, X-ray & Fluoroscopy Systems, with a secondary code of HLAKAFAC, Radiation Oncology. Its NAICS code is 334517 and its SIC code is 3844.

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Live signals
BitgetRinehart invests $50M in X-ray tech for ore, cancerAustralia's richest person Gina Rinehart, through her company Hancock Prospecting, is investing $50 million in California-based Lumitron Technologies to commercialize its HyperView very high-energy electron beam imaging technology, which delivers up to 1,000 times the resolution of conventional X-ray systems and has applications in both mining ore processing and cancer detection. The investment could double to $100 million later this year, with Hancock Prospecting gaining board representation. The deal reflects Rinehart's strategy of expanding beyond iron ore into critical minerals and related technologies, while also aligning with her longstanding commitment to breast cancer initiatives following her mother's death from the disease.EIN PresswireHANCOCK PROSPECTING BACKS LUMITRON TO ADVANCE WORLD-FIRST MINING, IMAGING AND CANCER THERAPY TECHNOLOGYHancock Prospecting invested $50 million in Lumitron, with the right to increase to $100 million in 2026, to support commercial scale-up of its HyperVIEW imaging and radiotherapy platform. The technology offers ultra-high-resolution X-ray imaging and VHEE FLASH radiotherapy, with FDA Breakthrough Device Designation for breast cancer imaging. The investment aims to bring three systems to Australia.Australian Financial ReviewGina Rinehart backs X-ray technology used in mining in $70m dealHancock Prospecting, led by executive chairwoman Gina Rinehart, has invested $50 million USD ($72 million) into California-based X-ray company Lumitron Technologies for commercialization of its HyperView very high-energy electron beam technology. The HyperView system delivers 1,000 times the resolution of traditional X-ray machines and has dual applications in cancer detection and identifying mineral ore contaminants. The company was co-founded by Australian entrepreneur Maurie Stang.OcbjOC500 2024: Chris BartyChris Barty, co-founder and CTO of Irvine-based Lumitron Technologies Inc., is leading development of a pioneering X-ray system for next-generation cancer treatments, leveraging core technologies invented during his 17-year tenure at Lawrence Livermore National Laboratory. The company announced last year a funding round targeting $25 million to $40 million, which would value Lumitron at approximately $300 million. Barty, also a UCI Distinguished Professor of physics and astronomy, believes the technology will enable earlier cancer detection, potentially eliminating the need for invasive procedures like breast or prostate removal.TheimagingwireLumitron Raises $20M, Plans to Transform X-RayLumitron Technologies has secured $20 million in funding to expand its manufacturing and commercialization capabilities as it prepares for an IPO. The company is launching the HyperVIEW EBCS imaging system, which it claims offers 100 times greater resolution and lower radiation exposure than current CT scanners. This capital will support near-term deployment at research institutions and clinical readiness within two years.PR NewswireLumitron Technologies, Inc. Creates Breakthrough Laser-Based, X-Ray TechnologiesLumitron Technologies, Inc. has acquired key licenses from Lawrence Livermore National Laboratory to commercialize its HyperVIEW x-ray platform, a new generation of advanced x-ray and gamma-ray systems developed with over USD$200 million in research from the US Department of Energy labs. The technology offers imaging resolution up to 1000x greater than existing clinical x-ray systems and captures motion at picosecond timescales, with potential applications in medical diagnostics, cancer treatment, security, aerospace, and industrial non-destructive testing. The company has established its global R&D and manufacturing facility at the University of California, Irvine and is targeting a NASDAQ IPO.