Micro-X

What Micro-X does

Micro-X Limited is an ASX-listed (ASX: MX1) Australian medical imaging and security technology company headquartered in Adelaide (Tonsley), with regional offices in Seattle and the UK. The company designs, develops, and manufactures ultra-lightweight X-ray imaging products based on its proprietary Nano Electronic X-ray (NEX) technology platform, which uses carbon nanotube cold cathode emitters instead of century-old hot cathode filaments. This architecture enables materially smaller, lighter, and lower-power X-ray systems than competing hardware, with claimed benefits including a 112kg Rover Plus (versus 700+ lbs for competitor units), 7+ hour battery life, 10-year tube warranty, and faster electronic switching.

The commercial product portfolio spans medical mobile digital radiography (Rover Plus, available), portable head CT for stroke diagnosis (in human imaging trials via the Australian Stroke Alliance), a portable full-body CT scanner (under ARPA-H PARADIGM development), and security products including the Argus stand-off backscatter X-ray camera, Checkpoints self-screening modules, and a modular Baggage CT Scanner — the latter two developed under the US Department of Homeland Security's "Screening at Speed" program. Micro-X also sells custom X-ray components (tubes, generators, connectors, imaging chains) and related services to OEM customers.

The business model is predominantly hardware sales through direct regional sales teams (Asia-Pacific, North America, EMEA) supported by an authorized distributor network across LATAM, Europe, and Asia-Pacific, plus direct contracts with government and defense customers. Pricing is quote-based for enterprise and government procurement. Revenue streams include Medical X-ray Systems, Security X-ray Systems, Custom Solutions, and Professional Services. The company holds ISO 13485, ISO 9001, FDA 510(k), EU MDR, and ETL certifications supporting multi-jurisdictional commercialization. Strategic research partnerships include Johns Hopkins University (deep learning for multi-source CT), Monash University, Flinders University, and listed commercial partners SAAB, Varex Imaging, and Fujifilm.

Name

Micro-X

Legal name

Micro-X Limited

Website

https://micro-x.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Micro-X (ASX: MX1) designs and manufactures ultra-lightweight mobile X-ray and CT imaging systems for medical and security applications, using proprietary carbon nanotube cold cathode technology across products including Rover Plus, Head CT, Argus, Checkpoints, and Baggage CT Scanner.

Ownership category

akta.pro rank

Product category

Medical Imaging Equipment (Mobile X-ray Systems)

NAICS

Irradiation Apparatus Manufacturing (334517), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)

SIC

X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Surgical & Medical Instruments & Apparatus (3841), Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Portable, Mobile & Point-of-Care Imaging Systems (HLAHABAL)

akta.pro secondary industries

Radiology AI, CAD & Advanced Visualization Software (HLAHABAJ), Computed Tomography (CT) Systems (HLAHABAB), Mobile Imaging Services (HLAFAKAC)

Keywords

• Mobile x-ray imaging
• Medical imaging devices
• Carbon nanotube x-ray
• Security screening systems
• Portable ct scanners

Headquarters

HQ city

Clovelly

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Medical X-ray Systems: Sale of mobile X-ray systems (Rover Plus) to healthcare providers including hospitals, sports teams, and military medical applications. Revenue from product sales with warranties including 10-year tube warranty.
2. Security X-ray Systems: Sale of security imaging products including Argus (backscatter X-ray camera), Checkpoints (passenger screening), and Baggage CT Scanners to defense, security, and government clients.
3. Custom X-ray Solutions: Custom component and subsystem manufacturing including high-voltage X-ray tubes, high-voltage connectors, miniaturized generators, and imaging chain integration for third-party products.
4. Professional Services: Training, service, and support including field engineering, applications training, and ongoing maintenance services for installed base.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Micro-X designs, develops, and manufactures mobile X-ray imaging systems powered by its proprietary Nano Electronic X-ray (NEX) Technology, which replaces traditional thermionic X-ray tubes with carbon nanotube cold cathode emitters. Its current commercial product is the Rover Plus mobile digital radiography X-ray used for bedside imaging in hospitals, alongside the Argus security X-ray imager for defense, EOD, and checkpoint use, with the Head CT, airport Checkpoints, and Baggage CT Scanner in development. The company also provides Custom Solutions and professional training, service, and support.

Product overview

Micro-X is a medtech and security imaging company that offers a portfolio of products based on its proprietary Nano Electronic X-ray (NEX) Technology platform using carbon nanotube cold cathode emitters. The product portfolio centers on the Rover Plus mobile X-ray system (available now for medical imaging), the Head CT stroke scanner (in human trials), and Argus stand-off security camera (available now for defense/security). Additional products include the Checkpoints passenger self-screening system and Baggage CT Scanner for airport security, both funded by the US Department of Homeland Security and in development. The company also offers Custom Solutions providing custom-designed X-ray tubes, generators, and imaging chains for third-party integration. NEX Technology enables miniaturized, lightweight X-ray devices compared to traditional hot cathode systems, with advantages in size, weight, power efficiency, and controllability.

Differentiator

Problem solved

Functional benefit

Brands

• NEX Technology: Nano Electronic X-ray Technology platform using carbon nanotube cold cathode emitters for compact, lightweight X-ray imaging
• WASP Technology
• Rover Plus
• Head CT
• Argus
• Checkpoints
• Baggage CT Scanner

Products and services

• Rover Plus A portable, battery-powered mobile digital radiography (DR) X-ray system that brings bedside X-ray imaging to patients, designed for hospital use in radiology, intensive care, emergency, operating room, neonatal, and isolation wards.
• Argus A security X-ray imager based on Micro-X's NEX Technology and WASP backscatter imaging, used for EOD, IED detection, police, and security checkpoint operations in the field and at fixed checkpoints.
• Head CT A compact, in-development head CT scanner intended for stroke and trauma triage, leveraging Micro-X's NEX Technology and deep-learning CT image reconstruction.
• Checkpoints An in-development next-generation airport passenger checkpoint screening X-ray solution designed to replace current walk-through metal detectors and millimeter-wave scanners.
• Baggage CT Scanner An in-development computed-tomography X-ray scanner for aviation checked baggage inspection, using automated threat detection models (CNNs) for faster screening of cabin baggage.
• Custom Solutions A bespoke engineering service offering that licenses and integrates Micro-X's NEX Technology into OEM partners' products, enabling customized X-ray sub-systems for industrial and specialized applications.
• Professional Training, Service and Support Professional services offering of training programs, field service, and ongoing technical support for Micro-X X-ray systems deployed at customer sites globally.

Quantifiable outcome

• 380+ Medical X-ray devices deployed globally across 35 countries
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature7 records

Partnerships

Six partnerships are on record, tiered minor and core.

• RSNA (Radiological Society of North America)minorGTM or Marketing Partner · 26 November 2025Annual conference partnership for product showcase including Rover Plus unveiling and Head CT/Full Body CT development presentations
• Johns Hopkins UniversitycoreStrategic or Co-development PartnerPartnership for development of world-first deep learning models for multi-source CT imaging. Includes Adaptive Deep Scatter Estimation for curved-panel X-ray detectors and Diffusion Posterior Sampling for AI-guided image reconstruction.
• Monash UniversityminorStrategic or Co-development PartnerAcademic research partnership for X-ray technology development
• Flinders UniversityminorStrategic or Co-development PartnerAcademic research partnership for X-ray technology development
• SAABminorStrategic or Co-development PartnerDefense and security technology collaboration partner shown in company partnerships section
• Australian Stroke AlliancecoreStrategic or Co-development PartnerPartnership for human imaging pilot study of Head CT system commencing June 2026 in Australian hospitals

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• GE HealthCare: Global medical imaging leader across X-ray, CT, and portable DR; explicitly named alongside Micro-X as a participant in the expanding CT market. Largest scaled competitor whose portable/mobile imaging roadmap could overlap Rover Plus and Head CT use cases.
• Philips Healthcare: Major medical imaging incumbent spanning X-ray, CT, and patient monitoring. Competes broadly with Micro-X across hospital DR procurement and emerging point-of-care imaging segments.
• Siemens Healthineers: Largest medical imaging conglomerate, named alongside Micro-X as a CT market participant. Its vast R&D and installed base represent the principal competitive headwind for Micro-X's portable CT ambitions.
• Fujifilm Healthcare: Broad incumbent in medical imaging and a listed Micro-X technology partner; overlapping product portfolio in portable X-ray and digital radiography, plus a much larger global distribution footprint.
• Canon Medical Systems: Broad X-ray and CT competitor explicitly co-listed with Micro-X in the CT market context. Strong in diagnostic imaging systems competing for the same hospital and emergency-care budgets.

Direct peers

• Carestream Health: Established direct competitor in portable digital radiography and mobile X-ray — the closest analog to Micro-X's Rover Plus product line. Competes head-to-head for hospital, ICU, and bedside imaging budgets in the same procurement cycles.
• Smiths Detection: Direct peer in aviation and checkpoint security X-ray screening — competing head-to-head with Micro-X's Checkpoints and Baggage CT products for DHS and global airport screening budgets.
• Konica Minolta Healthcare: Direct peer in portable DR X-ray and mobile imaging solutions for hospitals and ambulatory care. Overlapping product positioning with the Rover Plus and shared focus on point-of-care bedside imaging.
• Samsung Neurologica: Maker of portable and mobile CT scanners including the CereTom and OmniTom used in mobile stroke units — the most direct competitor to Micro-X's forthcoming Head CT for stroke diagnosis in ambulances and retrieval aircraft.

Others

• Varex Imaging: Listed Micro-X technology partner and the leading independent supplier of X-ray tubes, generators, and imaging-chain components to OEMs — adjacent as both a collaboration partner and a competing component supplier to the broader X-ray industry.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/micro__x
• YouTubeyoutube.com/@micro-xltd8122
• Facebookfacebook.com/microxltd
• LinkedInlinkedin.com/company/micro-x

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Micro-X