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Nanox Signs Distribution Agreement with Elite Surgical Technologies to Deploy Nanox.ARC in Key U.S. Markets

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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.

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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

+6.17% 1.7x vol
34 alerts
+6.17% News Effect
+8.6% Peak in 1 hr 9 min
+$10M Valuation Impact
$179.54M Market Cap
1.7x Rel. Volume

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

Initial ARC systems Year 1: Minimum 5 systems ARC systems Year 2: Minimum 10 systems U.S. states covered: 5 states +5 more
8 metrics
Initial ARC systems Year 1 Minimum 5 systems Expected deployment during first year of agreement
ARC systems Year 2 Minimum 10 systems Expected deployment during second year, subject to conditions
U.S. states covered 5 states Ohio, Indiana, Michigan, Pennsylvania (Pittsburgh area) and West Virginia
Indemnification cap $50 million Cap referenced in Form F-3/A shelf registration amendment
Shares transferred by CFO 39,474 shares Ordinary shares transferred to issuer at $0.00 per share on Mar 18, 2026
CFO post-transfer holdings 46,424 shares Direct ordinary share holdings after issuer-related disposition
Director option grant 50,000 options at $17.63 Stock option position expiring Dec 31, 2033
CEO direct holdings 60,584 shares Ordinary shares held directly by CEO Erez Meltzer

Market Reality Check

Price: $2.41 Vol: Volume 755,712 is 4% abov...
normal vol
$2.41 Last Close
Volume Volume 755,712 is 4% above the 20-day average of 727,641. normal
Technical Shares at $2.27 are trading below the 200-day MA of $3.66 and 61.26% under the 52-week high.

Peers on Argus

NNOX gained 3.18% as select medical device peers were mixed: OM and CATX were up...

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

5 past events · Latest: Mar 03 (Positive)
Pattern 5 events
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.
Pattern Detected

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.

Recent Company History

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

Active S-3 Shelf · $50 million
Shelf Active
Active S-3 Shelf Registration 2026-03-26
$50 million registered capacity

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 Nan...
Analysis

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, 3d imaging, fda-cleared
3 terms
digital tomosynthesis medical
"Nanox.ARC – an FDA-cleared, multisource digital tomosynthesis system that makes 3D imaging"
A medical imaging method that takes multiple low-dose X-ray pictures from different angles and combines them into thin 'slices' of a body part, like slicing a loaf of bread to see interior layers rather than one flat cut. For investors, it matters because the technology can improve diagnostic accuracy and workflow in hospitals and clinics, influencing device sales, reimbursement decisions, competitive positioning, and the pace at which healthcare providers adopt new equipment.
3d imaging medical
"support adoption of advanced 3D imaging within orthopedic practices and surgical settings"
Three-dimensional imaging is a set of medical technologies that create a lifelike, volumetric view of organs or structures inside the body instead of a flat picture, like turning a paper map into a small model you can rotate. Investors care because these systems often command higher prices, open new markets for devices and software, and can change clinical adoption, regulatory review and reimbursement — all of which affect revenue and growth potential.
fda-cleared regulatory
"Nanox.ARC – an FDA-cleared, multisource digital tomosynthesis system"
FDA-cleared means a medical product—typically a device or diagnostic—has passed a U.S. regulator’s review showing it is substantially similar to an existing approved product and is safe and effective for its intended use. For investors, clearance acts like an official safety stamp that lowers regulatory risk and can speed market access, comparable to getting a trusted roadworthy certificate before selling cars, which can make sales and adoption happen faster.

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?

It covers distribution and support of the Nanox.ARC system across five U.S. markets for orthopedic imaging. According to the company, Elite Surgical will market and support Nanox.ARC in Ohio, Indiana, Michigan, Pittsburgh and West Virginia for fracture healing and follow-up.

How many Nanox.ARC systems does Nano-X (NNOX) expect to deploy under the Elite Surgical agreement?

The parties expect a minimum of five systems in year one and ten in year two. According to the company, those deployment targets are subject to market conditions and customer adoption.

What clinical use cases does the Nanox.ARC address in the NNOX distribution agreement?

Nanox.ARC is intended for orthopedic and post-surgical imaging, focused on fracture healing monitoring and longitudinal follow-up. According to the company, the system supports frequent follow-up imaging to assess bone regeneration and healing progression.

Is the Nanox.ARC used in the agreement FDA-cleared and what are its claimed benefits?

Yes, Nanox.ARC is FDA-cleared and provides multisource digital tomosynthesis 3D imaging at lower cost and reduced radiation versus traditional CT. According to the company, it enables 3D imaging in more clinical settings for orthopedic care.

Which regions will Elite Surgical Technologies serve for Nanox.ARC under the NNOX deal?

Elite Surgical will serve Ohio, Indiana, Michigan, Pittsburgh and West Virginia for Nanox.ARC distribution and support. According to the company, the focus is on orthopedic practices and post-surgical care settings in those markets.
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