February 23, 2024
Loading...
You are here:  Home  >  Technology  >  Current Article

Firm sees China in its future

IN THIS ARTICLE

Santa Barbara-based medical equipment maker TrueVision Systems plans to enter a joint venture with one of the biggest health care technology firms in China.

TrueVision makes a 3-D heads-up display system that attaches to microscopes used in brain, spine and eye surgery, along with software that helps guide the surgeon’s cuts. Think “Avatar” meets neurosurgery.

The firm signed a deal outlining a joint venture with the Weigao Group, a publicly traded Chinese medical device and equipment maker with a $29 billion market capitalization. In the venture, a new Weigao subsidiary would make and sell TrueVision’s 3-D system in China, and the Santa Barbara company would continue to sell U.S.-made systems in the domestic market.

The full version of this article is only available in the print edition. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE to the print edition for $49.99 today.