FONAR Board of Directors Appoints Independent Director

Core Viewpoint - FONAR Corporation has appointed Mr. Robert M. Carrino as an independent director to its board, filling a vacancy left by the retirement of Ms. Claudette J.V. Chan, which reflects the company's commitment to enhancing its governance and expertise in the field of diagnostic imaging [1][2]. Group 1: Company Overview - FONAR Corporation, established in 1978 and publicly traded since 1981, is recognized as the inventor of MR scanning and has a long history in the MRI industry [3]. - The company is known for its FONAR UPRIGHT® Multi-Position™ MRI, which allows for imaging in various weight-bearing positions, providing unique diagnostic capabilities compared to traditional lie-down MRI scanners [4][8]. Group 2: Business Operations - The primary source of income and growth for FONAR is its subsidiary, Health Management Company of America (HMCA), which has expanded from managing 9 MRI scanners in 2009 to 44 MRI scanners today, completing over 200,000 MRI scans annually [2][7]. - FONAR is transitioning to accelerated filer status, which indicates a growth phase and increased regulatory requirements, highlighting the importance of Mr. Carrino's accounting expertise [2]. Group 3: Technological Advancements - FONAR is developing new technology to visualize and quantify the flow of cerebrospinal fluid (CSF) in the central nervous system, which could significantly benefit patients with neck injuries [6]. - The company holds numerous patents related to its MRI technology, particularly for full weight-bearing imaging, which is crucial for assessing gravity-sensitive regions of the human anatomy [8].