Incorporated in 1978, FONAR Corporation is a developer and manufacturer of magnetic resonance imaging scanners. The company introduced the world's first commercial MRI scanner in 1980 and went public in 1981. Since its inception, the company has installed hundreds of MRI scanners throughout the world. The company s product line includes the FONAR UPRIGHT MRI, a whole-body MRI that performs position imaging and scans patients in numerous weight-bearing positions. The company also manufactures the FONAR 360, a room-size recumbent scanner that optimizes openness while facilitating physician access to the patient. FONAR Corporation is headquartered on Melville, N.Y., and has approximately 500 employees. The company s shares are traded on the NASDAQ Small Cap Market under the symbol FONR.