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Accuray Hosts Korean Embassy's Minister for Economic Affairs at Event to Support the U.S.-Korea Free Trade Agreement
Date:6/24/2011

SUNNYVALE, Calif., June 24, 2011 /PRNewswire/ -- Accuray Incorporated (Nasdaq: ARAY), a global leader in the field of radiation oncology, today hosted a roundtable discussion on the U.S.-Korea Free Trade Agreement (KORUS FTA), which is currently pending Congressional ratification. Offering the potential to create and protect business opportunities for U.S. exporters nationwide, the agreement, if ratified, promises important benefits to San Francisco Bay Area (Bay Area) healthcare manufacturers at a time when medical innovation is an important driver of job creation and a key to a healthy local economy. Korea is one of the world's largest and fastest growing markets for medical technology, with expected growth over the next several years of 10 – 15 percent, according to the U.S. Department of Commerce.

(PHOTO:  http://photos.prnewswire.com/prnh/20110624/SF25906)

While at Accuray, Jong-hyun Choi, Minister for Economic Affairs from the Embassy of South Korea, met with local industry leaders and government representatives. Area innovators discussed the need for open markets and government policies to promote a strong and healthy medical ecosystem in Korea.

"We believe the FTA, if ratified, will facilitate a competitive, transparent and open exchange between U.S. companies and the South Korean government," said Euan S. Thomson, Ph.D., president and chief executive officer of Accuray. "Most importantly, we expect it will enable Accuray and other U.S. medical technology companies to bring effective treatments and therapies to patients living in South Korea."

Sunnyvale Mayor Melinda Hamilton joined the business group in welcoming Minister Choi to Sunnyvale supporting the KORUS FTA. She spoke in favor of policies that support Sunnyv
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SOURCE Accuray Incorporated
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