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Patents and Licenses
Fonar currently has 145 patents issued, and approximately
70 patents pending, which relate to the technology and
components of the MRI scanner. We believe that these patents,
and the know-how we have developed, are material to our
business. The 145 issued patents extend to various times
up to 2026.
One of our patents, issued in the name of Dr. Raymond Damadian
and licensed to Fonar, was United States patent No. 3,789,832,
Apparatus and Method for Detecting Cancer in Tissue, also
referred to as the "Cancer Detection Patent". Filed
on March 1972 and awarded in 1974, it is the world's first
MRI patent and the scientific basis for magnetic resonance
imaging (MRI). The Cancer Detection Patent was the first
of its kind to utilize MR to scan the human body and to detect
cancer. Subsequently the Company calls itself the Inventor
of MR Scanning.
FONAR has been vigorous defending its patents. To date,
FONAR has collected $128.7 million from General Electric
for 1974 Cancer Detection Patent and a patent related to
imaging. There have also been confidential settlements with
Hitachi, Philips, Siemens, Toshiba, Shimadzu, Elscint, and
Health Images.
MarketMakers
Ameritrade, Inc.
Automated Trading Desk
Charles Schwab & Co., Inc.
Citadel Derivatives Group LLC
Citigroup Global Markets Inc.
Hudson Securities, Inc.
Instinet, LLC
Interactive Brokers LLC
Knight Equity Markets, L.P.
Lime Brokerage LLC
Merrill Lynch, Pierce, Fenner
Morgan Stanley & Co., Inc.
Penson Financial Services
Timber Hill Inc.
UBS Securities LLC
Wedbush Morgan Securities Inc
Weeden and Co. Inc.
Institutional Ownership
AllianceBernstein LP
Barclays Global Investors
NA (California)
BlackRock Advisors, Inc.
Carnegie Fond AB
Deutsche Bank Investment Management, Inc.
Deutsche Bank Securities,
Inc.
Orrstown Financial Advisors
Quantlab Capital Management Ltd.
RBC Dominion Securities,
Inc.
Renaissance Technologies LLC
RiverSource Investments LLC
Royal Bank Of Canada (Caribbean)
Corp.
The California Public Employees Retirement System
The First
National Bank of Omaha (FNB Fund Advisors)
UBS Global Asset
Management
UBS Securities LLC Vanguard Group, Inc.
Corporate Information
FONAR
Corporation (NASDAQ:FONR) The Nasdaq Capital
Market
Corporate Headquarters
110 Marcus Drive
Melville, NY 11747
(631) 694-2929
Investor Relations
FONAR Corporation
110 Marcus Drive
Melville, NY 11747
(631) 694-2929x452
Stock Transfer Agency
Computershare Trust Company, Inc.
350 Indiana Street, Suite
800
Golden, Colorado 80401
Auditors
Marcum & Kliegman, LLP
New York, New York
Board of Directors
Raymond V. Damadian, M.D., Chairman of the Board
Claudette
Chan, Director
Robert Janoff, Director
Charles O'Data, Director
Robert Djerejian, Director
Officers
Raymond V. Damadian, M.D. President, Chief Executive Officer
and Treasurer
Claudette J.V. Chan
Secretary
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