Nanox Signs Distribution Agreement with Elite Surgical Technologies to Deploy Nanox.ARC in Key U.S. Markets
Rhea-AI Summary
Nano-X Imaging (NASDAQ: NNOX) announced a U.S. distribution agreement with Elite Surgical Technologies to deploy the Nanox.ARC multisource digital tomosynthesis system across Ohio, Indiana, Michigan, Pittsburgh and West Virginia.
According to the company, the agreement targets orthopedic and post-surgical imaging, with a minimum of five systems in year one and ten in year two, subject to market conditions and customer adoption.
Positive
- Minimum deployments: 5 systems in year one, 10 systems in year two
- FDA-cleared technology: Nanox.ARC offers lower cost and reduced radiation tomosynthesis
- Targeted market focus: Concentrated adoption plan across five U.S. states for orthopedic/post-surgical care
Negative
- Rollout contingent: Deployments are subject to market conditions and customer adoption
- Geographic concentration: Initial coverage limited to five states, limiting immediate national scale
News Market Reaction – NNOX
On the day this news was published, NNOX gained 6.17%, reflecting a notable positive market reaction. Argus tracked a peak move of +8.6% during that session. Our momentum scanner triggered 34 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $10M to the company's valuation, bringing the market cap to $179.54M at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
NNOX gained 3.18% as select medical device peers were mixed: OM and CATX were up, while VMD and MGRM declined, pointing to a stock-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 03 | US distribution deal | Positive | +5.3% | New Nanox.ARC distribution agreement across multiple U.S. Southeast states. |
| Feb 19 | LATAM expansion | Positive | +1.7% | Exclusive Nanox.ARC distribution agreement announced for Argentina. |
| Feb 17 | AI showcase | Positive | +0.9% | Planned live Nanox.ARC demo and new AI capabilities at ECR 2026. |
| Feb 03 | FDA 510(k) clearance | Positive | -6.3% | FDA 510(k) clearance for TAP2D image enhancement on Nanox.ARC systems. |
| Jan 14 | European distribution | Positive | -0.7% | Exclusive Nanox.ARC distribution engagement across Western Balkans markets. |
Commercial and distribution updates often saw modest positive reactions, while a key FDA clearance drew a negative response, suggesting mixed follow-through on positive milestones.
Over recent months, Nanox has focused on broadening Nanox.ARC adoption and advancing its technology. Distribution deals in the U.S. Southeast, Latin America, and the Western Balkans, plus showcasing AI capabilities at ECR 2026, all supported a commercial rollout theme. An FDA 510(k) clearance for TAP2D on Feb 3, 2026 marked an important regulatory step but was followed by a negative price move. Today’s U.S. orthopedic-focused distribution agreement continues this expansion trajectory in another key geography.
Regulatory & Risk Context
An active Form F-3/A shelf amendment dated 2026-03-26 contemplates securities sales from time to time after effectiveness and restates governance and indemnification provisions, with caps including $50 million as described.
Market Pulse Summary
The stock moved +6.2% in the session following this news. A strong positive reaction aligns with Nanox’s recent pattern where commercial expansion updates often coincided with gains, such as the U.S. Southeast deal’s 5.28% move. However, history also shows that even favorable regulatory milestones like the TAP2D 510(k) clearance saw a -6.25% response, underscoring event-by-event variability. Investors monitoring sustainability would typically watch how many of the planned 5 to 10 Nanox.ARC systems are actually deployed under this agreement.
Key Terms
digital tomosynthesis medical
3d imaging medical
fda-cleared regulatory
AI-generated analysis. Not financial advice.
Distribution agreement to enhance channel partner expansion across five U.S. states
The collaboration is expected to support adoption of advanced 3D imaging within orthopedic practices and surgical settings that require ongoing assessment of bone regeneration and healing progression.
PETACH TIKVA, Israel, April 01, 2026 (GLOBE NEWSWIRE) -- Nano-X Imaging Ltd. (NASDAQ: NNOX), a leader in innovative medical imaging technology, today announced that its U.S.-based subsidiary, Nanox Impact Inc. has signed a new distribution agreement with Elite Surgical Technologies, a U.S. based provider of orthopedic and surgical solutions.
The agreement will support the deployment of the Nanox.ARC – an FDA-cleared, multisource digital tomosynthesis system that makes 3D imaging possible in more clinical settings at a lower cost and reduced radiation dose compared to traditional CT – across Ohio, Indiana, Michigan, Pittsburgh and West Virginia.
Under the terms of the agreement, Elite Surgical Technologies will market and support the Nanox.ARC system for orthopedic and post-surgical imaging use cases, maintaining its focus on fracture healing monitoring and longitudinal follow-up. The collaboration is expected to support adoption of advanced 3D imaging within orthopedic practices and surgical settings that require ongoing assessment of bone regeneration and healing progression.
The parties expect initial deployment of a minimum of five Nanox.ARC systems during the first year of the agreement, and a minimum of ten during the second year, subject to market conditions and customer adoption.
Elite Surgical Technologies specializes in outcome-driven orthopedic solutions and is the exclusive U.S. distributor of the Shark Screw system, a rigid fixation device made from human bone that combines mechanical stability with osteogenic properties and is used across a growing base of orthopedic practices.
Erez Meltzer, Chief Executive Officer and Acting Chairman of Nanox, said: “As we are building momentum in the U.S. and expanding channel partners agreements, we are pleased to welcome Elite Surgical Technologies as our latest distribution partner. Their orthopedic focus and engagement with post-surgical care environments make them a strong fit as we continue to expand the reach of the Nanox.ARC system across key orthopedic markets in the United States.”
TJ Reagan, President of Elite Surgical Technologies, said, “Our mission is to improve surgical outcomes and patient experience through high-quality solutions that support healing and recovery. Access to imaging that enables physicians to monitor bone regeneration over time is an important part of that process. The Nanox.ARC system, with its support of frequent follow-up imaging, is well suited for post-trauma and post-surgical orthopedic care and aligns well with the needs of the orthopedic practices we serve.”
About Nanox
Nanox (NASDAQ: NNOX) is focused on driving the world’s transition to preventive health care by delivering an integrated, end-to-end medical imaging and healthcare services platform.
Nanox combines affordable imaging hardware, advanced AI-based solutions, cloud-based software, access to remote radiology, health IT solutions, and a marketplace to enable earlier detection, improved clinical efficiency, and broader access to care.
Nanox’s vision is to expand the reach of medical imaging both within and beyond traditional hospital settings by providing a seamless solution from scan to interpretation and beyond. By leveraging proprietary digital X-ray technology, AI-driven analytics, and a clinically driven approach, Nanox aims to enhance the efficiency of routine imaging workflows, support early detection of disease, and improve patient outcomes.
The Nanox ecosystem includes Nanox.ARC, a cost-effective, 3D multi-source digital tomosynthesis imaging system designed for ease of use and scalability; Nanox.AI, a suite of AI-based algorithms that augment the interpretation of routine CT imaging to identify early signs often associated with chronic disease; Nanox.CLOUD, a cloud-based platform for secure data management, storage, and advanced imaging analytics; Nanox.MARKETPLACE and USARAD Holdings, which provide access to remote radiology and cardiology experts and comprehensive teleradiology services; and Nanox Health IT, which combines deep healthcare IT expertise with leading technology partners to deliver RIS, PACS, AI, dictation, and secure infrastructure solutions that streamline workflows and support safer, more efficient care delivery.
By integrating imaging technology, AI, cloud infrastructure, clinical expertise, a marketplace, and health information technology, Nanox seeks to lower barriers to adoption, improve utilization, and advance preventive care worldwide. For more information, please visit www.nanox.vision
Forward-Looking Statements
This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the initiation, timing, progress and results of the Company’s research and development, manufacturing, and commercialization activities with respect to its X-ray source technology and the Nanox.ARC, the ability to realize the expected benefits of its recent acquisitions and the projected business prospects of the Company and the acquired companies. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information the Company has when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to (i) Nanox’s ability to complete development of the Nanox System; (ii) Nanox’s ability to successfully demonstrate the feasibility of its technology for commercial applications; (iii) Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its technology, the Nanox.ARC and Nanox.CLOUD from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; (iv) Nanox’s ability to realize the anticipated benefits of the acquisitions, which may be affected by, among other things, competition, brand recognition, the ability of the acquired companies to grow and manage growth profitably and retain their key employees; (v) Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.ARC; (vi) the market acceptance of the Nanox System and the proposed pay-per-scan business model; (vii) Nanox’s expectations regarding collaborations with third-parties and their potential benefits; (viii) Nanox’s ability to conduct business globally; (ix) changes in global, political, economic, business, competitive, market and regulatory forces; (x) risks related to the current war between Israel and Hamas and any worsening of the situation in Israel; (xi) risks related to business interruptions resulting from the COVID-19 pandemic or similar public health crises, among other things; and (xii) potential litigation associated with our transactions.
For a discussion of other risks and uncertainties, and other important factors, any of which could cause Nanox’s actual results to differ from those contained in the Forward-Looking Statements, see the section titled “Risk Factors” in Nanox’s Annual Report on Form 20-F for the year ended December 31, 2024, and subsequent filings with the U.S. Securities and Exchange Commission. The reader should not place undue reliance on any forward-looking statements included in this press release. Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform these statements to actual results or to changes in the Company’s expectations.
Contacts
Media Contact:
Ben Shannon
ICR Healthcare
NanoxPR@icrinc.com
Investor Contact:
Mike Cavanaugh
ICR Healthcare
mike.cavanaugh@icrhealthcare.com
FAQ
What does the Nano-X (NNOX) distribution deal with Elite Surgical Technologies cover on April 1, 2026?
How many Nanox.ARC systems does Nano-X (NNOX) expect to deploy under the Elite Surgical agreement?
What clinical use cases does the Nanox.ARC address in the NNOX distribution agreement?
Is the Nanox.ARC used in the agreement FDA-cleared and what are its claimed benefits?
Which regions will Elite Surgical Technologies serve for Nanox.ARC under the NNOX deal?