IBA signs contract for a three-room Proteus®PLUS solution to be installed at the Seoul St. Mary’s Hospital

Company Overview - IBA (Ion Beam Applications S.A.) is the world leader in particle accelerator technology and the leading supplier of proton therapy solutions for cancer treatment [5][6] - The company employs approximately 2,100 people globally and is based in Louvain-la-Neuve, Belgium [5] - IBA is listed on the EURONEXT stock exchange and is a certified B Corporation, meeting high standards of social and environmental performance [5][6] Contract Details - IBA has signed a contract with Seoul St. Mary's Hospital for the installation of a ProteusPLUS solution, which includes three gantry-rooms and a multi-year service contract [2][3] - The system will feature DynamicARC beam delivery capabilities once it receives regulatory clearance [2] - The hospital plans to begin patient treatments by the end of 2029, with the center covering a total area of 37,851 square meters [2] Market Impact - The contract signifies the growing demand for proton therapy solutions in South Korea, expanding the number of centers that utilize IBA's technology [3] - The typical end-user price for a three-room ProteusPLUS system with a multi-year maintenance contract ranges between €80 million and €100 million [3] Hospital Profile - Seoul St. Mary's Hospital is one of the largest hospitals in South Korea and a flagship institution of the Catholic Medical Center, providing comprehensive care across 45 departments [6] - The hospital has a global reputation for treating blood cancers and is also expanding its capabilities in treating solid tumors [3][6] - It has treated over 30,000 international patients from more than 100 countries and has trained over 900 international physicians through its fellowship programs [6]