LYNCHBURG, Va.–(Business WIRE)–BWX Technologies, Inc. (NYSE: BWXT) right now declared that its subsidiary BWXT ITG Canada, Inc., a nuclear medicine company, has been renamed BWXT Healthcare Ltd. (BWXT Healthcare), in order to much better align with the company’s merchandise, consumer base and method.
BWXT’s entry into the nuclear medicine marketplace commenced with the advancement of a new breakthrough technology that will permit the manufacturing of molybdenum-99 and technetium-99m generators. Technetium-99m is used in hospitals in over 40 million diagnostic imaging treatments each calendar year. In 2018, BWXT obtained Sotera Health’s Nordion professional medical isotope enterprise, combined it with this technological innovation, and a lot more not long ago appointed Martyn Coombs as president of this business unit.
“Our new name, BWXT Medical, reflects the customers we serve – hospitals, pharmacies and pharmaceutical businesses,” reported Coombs. “We will strive to support people get improved from ailment by developing one particular of the leading nuclear medicine providers in the earth.”
Situated in Ottawa, Ontario, and Vancouver, British Columbia, BWXT Healthcare is portion of BWXT’s Nuclear Energy Group led by John MacQuarrie, president.
“We are pleased to announce this new identify for what has turn into such a vital component of our company,” said MacQuarrie. “We have recently manufactured incredibly encouraging development, primarily with our strategic irradiation provider partners, that delivers a superior foundation for BWXT Medical’s long term.”
Forward On the lookout Statements
BWXT cautions that this release is made up of forward-seeking statements, which include statements relating to anticipations for the generation, overall performance, timing and influence of our clinical isotope engineering and technetium-99m. These forward-wanting statements require a amount of pitfalls and uncertainties, which include, amongst other issues, variations in marketplace desire for, delays in and commercialization of our technetium-99m generation competitors in an environment of swift technological transform and the enforcement and safety of our mental house legal rights. If just one or more of these or other threats materialize, true effects might range materially from those expressed. For a extra complete discussion of these and other chance components, you should see BWXT’s yearly report on Sort 10-K for the year finished December 31, 2019 and subsequent quarterly reviews on Variety 10-Q submitted with the Securities and Exchange Fee. BWXT cautions not to place undue reliance on these ahead-hunting statements, which talk only as of the date of this release, and undertakes no obligation to update or revise any ahead-hunting assertion, except to the extent essential by relevant law.
At BWX Systems, Inc. (NYSE: BWXT), we are Persons Robust, Innovation Driven. Headquartered in Lynchburg, Va., BWXT offers safe and productive nuclear remedies for national protection, cleanse energy, environmental remediation, nuclear drugs and space exploration. With close to 6,700 personnel, BWXT has 12 significant functioning web sites in the U.S. and Canada. In addition, BWXT joint ventures offer management and functions at additional than a dozen U.S. Section of Power and NASA facilities. Follow us on Twitter at @BWXTech and study extra at www.bwxt.com.