Boston Globe Selects Analogic Company of the Year

5/21/2003 - Analogic Corporation (NASDAQ: ALOG) announced that it has been named "Company of the Year” in The Boston Globe’s fifteenth annual edition of The Globe 100, ranking the best-performing publicly held companies based in Massachusetts.

Bernard M. Gordon, Founder, Chairman and CEO, said, "Analogic is honored to be named by The Boston Globe as the ‘Company of the Year.’ This recognition was earned by the extraordinary efforts of our employees, who are engaged in a broad spectrum of activity, from developing the world’s most advanced explosive detection systems to high performance digital radiography and Computed Tomography (CT) systems for niche medical applications.

“We are known for inventing instant imaging Computed Tomography, and being a leader in medical CT. We drew on our considerable medical CT experience to develop the world’s first dual-energy, multislice security CT, the EXplosive Assessment Computed Tomography (EXACTTM) system, the only security scanner able to image every object in a bag in three dimensions. This past year our staff developed what many believe to be the world’s most advanced CT manufacturing facility to build explosive detection systems. We have also designed two new certified ARGUS-type systems to scan checked luggage at regional airports, and a new carry-on, carry-in luggage scanner for airports, public buildings, and parcel services that is in development.”

John W. Wood, Jr., recently appointed President of Analogic, noted, “Security imaging has attracted much public attention, but our staff has also made significant advances in medical imaging during the past year. We began shipping new families of CT and digital radiography systems, along with innovative new subsystems for CT, digital radiography, and magnetic resonance imaging.

“With an eye on future growth, we have also substantially increased our investment in developing new advanced health and security systems for our customers. For example, over the past year we initiated development of five new families of CT systems for medical and security applications, new generations of patient monitors, and an innovative system to protect civilian aircraft from heat-seeking, shoulder-fired missiles.

“Analogic’s selection as ‘The Company of the Year’ by The Globe 100 is indeed a great honor, and a fitting recognition for what our employees have achieved over the past year.”

Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), Patient Monitoring, Cardiovascular Information Management, and Embedded Multicomputing.

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