February 20, 2018 -- Chronos Imaging, a US based medical device and healthcare service solution company, has acquired the CT tube manufacturing facility located in Aurora, Illinois from Philips. As part of the transaction, Chronos has entered into an agreement to continue to produce Third Party CT replacement tubes for Philips that will continue to be sold through the Dunlee brand.

The deal allows Chronos to supply Philips with ongoing offerings for the company's portfolio of high quality CT replacement tubes, without disruption to its global customer base while enabling Chronos Imaging to secure a platform for development of new CT replacement tubes in the future.

Robert Piconi, Chairman of The Chronos Group, commented: "We are proud to support Philips and the very talented and experienced team in Aurora, Illinois for the ongoing production of CT tubes. Additionally, we are excited to develop new innovative solutions to address critical needs in the CT tube market to help reduce the cost of healthcare services to the public and private sector."

About Chronos Imaging
Chronos Imaging is a US based company which focuses on the development, manufacturing and distribution of diagnostic imaging medical devices and solutions. Based in Aurora, Illinois, the company serves global healthcare operators and healthcare service companies to provide solutions that support the highest quality and delivery of patient care. Please visit our website www.chronosimaging.com to request more information.


About The Chronos Group
The Chronos Group focuses on investments in two primary sectors of Renewable Energy and Healthcare with the purpose of improving the quality of Life of our society and the planet that we occupy. Headquartered in Lugano, Switzerland the Group's portfolio companies stretch across the US, Europe and Asia to provide a global footprint from which to further develop the growth of its people and its businesses.

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