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Micro-X awarded $12.5 million contract to develop portable full body CT scanner
Dec 04, 2024•over 1 year ago
Contract Type
contract
Description
Micro-X Inc has secured a development contract worth $12.5 million and up to $25 million with ARPA-H to create a novel lightweight and ruggedised CT scanner. The first phase of the contract involves payments of US$8.2 million (A$12.5 million) over a two-year period, with the possibility of extensions based on technical objectives.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months