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FONAR was incorporated in 1978, making it the first, oldest and most experienced MRI manufacturer in the industry. It is headquartered on Long Island, New York, and has approximately 500 employees.

FONAR introduced the world's first commercial MRI in 1980, and went public in 1981. Since its inception, it has installed 300 MRI scanners worldwide. FONAR's stellar product line includes the Upright(TM) MRI (also known as the Stand-Up(TM) MRI), the only whole-body MRI that performs Position(TM) imaging (pMRI(TM)) and scans patients in numerous weight-bearing positions, i.e. standing, sitting, in flexion and extension, as well as the conventional lie-down position.

The FONAR Upright(TM) MRI often sees the patient's problem that other scanners cannot because they are lie-down only. With over 100,000 patients scanned, the patient-friendly Upright(TM) MRI has a near zero claustrophobic rejection rate by patients.