FONAR CORP.

FONAR Corp. is a pioneer and manufacturer of Magnetic Resonance Imaging (MRI) systems, specifically known for the invention and development of the FONAR UPRIGHT® Multi-Position™ MRI scanner. Unlike conventional MRI systems that can only image patients in the supine (lying down) position, FONAR's proprietary technology enables multi-positional scanning—allowing patients to be imaged while sitting, standing, bending, flexing, extending, or lying down. This capability is clinically significant for identifying position-dependent pathology, particularly in spinal and neurological conditions, as it allows physicians to visualize the full extent of disk herniation, vertebral motion, and other dynamic pathologies that may only manifest in weight-bearing or functional positions. The UPRIGHT® MRI utilizes a unique vertically oriented magnet configuration with opposing poles and a motorized patient bed capable of rotating from recumbent to fully upright. FONAR also offers enhanced patient comfort for claustrophobic and bariatric patients. The company conducts ongoing research in cerebrospinal fluid (CSF) flow dynamics, correlated slice protocols, multiple sclerosis diagnostics, and scoliosis screening using advanced MRI videography and quantitative imaging techniques. Founded by Dr. Raymond V. Damadian, who is credited with the discovery and development of MRI technology, FONAR holds foundational patents in MRI and has received recognition including the National Inventors Hall of Fame designation and the 2007 Inventor of the Year award for the UPRIGHT® MRI system. The company operates FONAR diagnostic imaging centers through its Health Management Company of America (HMCA) subsidiary, providing both equipment manufacturing and clinical imaging services.