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PETsys Electronics a Portuguese startup in China

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PETsys Electronics a Portuguese startup in China
Published in 17 March, 2022
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PETsys Electronics, a VC backed company (by Portugal Ventures), announced today that it has signed a contract with a Chinese company for supplying a considerable number of PETsys ASICs (application specific integrated circuits) during the current year.

This contract represents a total sale of about 1 million euros, corresponding to the adoption of PETsys Electronics technology by PET (Positron Emission Tomography) Industry in China. PET is one of the main tools for early cancer detection. After approval by the Chinese National Medical Products Administration, this PET scanner will be launched in the Chinese market. This will trigger a sustained increase in sales of PETsys Electronics over the coming years.

About PETsys Electronics:

PETsys Electronics provides electronic solutions for reading a large number of photo-sensor pixels in applications where a high data rate and excellent time resolution are required. Typical applications are, among others, in medical imaging (Positron Emission Tomography), LIDAR, and fundamental research projects. The company was founded at the end of 2013, building on 10 years of scientific research in a consortium of academic institutions (LIP, INESC, INEGI, FCUL, IBILI), including the international research centre CERN in Geneva. After the initial investment period, the company already shows profits since more than 4 years.

For more information contact info@petsyselectronics.com

Source: AICEP Portugal Global