PulseTeq and Magnetica sign Memorandum of Understanding
Publication Date: 31 July 2020
Magnetica Limited (Australia) and PulseTeq Limited (UK) are pleased to announce the signing of a Memorandum of Understanding (MoU). With both organisations operating in the MRI equipment supply space, the MoU will foster a range of joint collaboration and commercialisation activities.
Whilst both companies develop and supply Radio Frequency (RF) coils, there is limited overlap in product offerings and capability specialisms. As such, there are good synergies for the ongoing development of the relationship between the organisations, which have been formally kicked off with the signing of the MoU.
Further, having different home markets in the UK and Australia will provide cross-marketing benefits to both companies, as well as the potential for regional support for each other’s customers in the future.
Chris Randell, PulseTeq’s Managing Director, noted that “with the complimentary capabilities of PulseTeq and Magnetica, there are a number of projects on which the two companies plan to collaborate.”
Magnetica’s CEO, Duncan Stovell, commented “I am excited by the opportunity to commercialise a range of RF coil products together, drawing on the strengths of each organisation.”
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