Business Model Overview

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Business Highlights

$300M

Development Investment

Substantial R&D investment establishing proven technology platform with 230 MeV achieved at Daresbury Integration Site.

$129.6M

Projected Annual Revenue Per Site

3 fractions/hour × 12 hours/day × 300 days/year × $3,000/fraction × 4 rooms

~9,500

Room Shortfall

Massive global treatment capacity gap in a $500B+ oncology market. LiGHT's affordability and compactness address this critical access barrier.

70%

Cost Reduction

~$85M per 4-room site vs. ~$250M–$300M for legacy systems. Approximately 30% of competitor capital costs with faster installation (12–18 months).

2027

First Patient Treatment

Clear path to clinical validation at Daresbury facility with UK certification process underway and strategic hospital partnerships.

Joint Venture Business Model

Liora Technologies employs a strategic Joint Venture (JV) model that aligns stakeholder incentives, reduces partner risk, and ensures successful site deployment and operation.

LiGHT System Architecture

JV Structure & Roles

  • Liora Technologies: Provides LiGHT system technology, installation support, ongoing maintenance, software upgrades, and clinical/technical training.
  • Hospital/Healthcare Partner: Provides facility infrastructure, clinical staff, patient referrals, and local regulatory compliance.
  • Financial Partner (Optional): Co-invests in capital equipment, shares revenue upside, and de-risks deployment for healthcare partner.

Revenue Sharing Framework

  • Treatment revenues shared among JV partners based on capital contribution and operational responsibilities.
  • Liora retains maintenance contracts (~$1.2M per room annually) ensuring recurring revenue stream.
  • Software upgrade revenues (e.g., FLASH enablement) create additional monetization opportunities.
  • Performance-based incentives align all parties toward maximizing patient throughput and clinical outcomes.

Partner Benefits

  • Reduced Capital Barrier: Lower upfront investment vs. legacy systems (~$85M vs. $250M+).
  • Faster Time-to-Revenue: 12–18 month installation enables quicker patient treatment and revenue generation.
  • Operational Support: Liora provides ongoing technical and clinical support, reducing partner operational risk.
  • Technology Leadership: Partners gain access to cutting-edge compact proton therapy and future FLASH capability.

Site Economics Example

Operational Assumptions

Treatment Rooms
4
Fractions per Hour per Room
3
Operating Hours per Day
12
Operating Days per Year
300
Revenue per Fraction
$3,000

Annual Revenue Calculation Per Site

3 fractions/hour × 12 hours/day × 300 days/year × $3,000/fraction × 4 rooms

Projected Annual Revenue (per site): ~$129.6M

Note: Actual revenues will vary based on payer mix, case complexity, market dynamics, and utilization rates. This example demonstrates the substantial revenue potential of a fully operational 4-room LiGHT facility.

Economic Advantage vs. Legacy Systems

  • Lower Capital Cost: ~$85M vs. $250M+ enables faster payback period and improved ROI.
  • Higher Throughput: Electronically controlled beam energy and rapid switching enable more patients per day.
  • Recurring Revenue: ~$4.8M annual maintenance across 4 rooms provides stable cash flow to Liora.
  • Operational Efficiency: Compact design reduces facility overhead, staffing, and energy costs.

Market Opportunity

$500B+ Global Oncology Market

Cancer remains one of the largest healthcare challenges globally, with increasing incidence and substantial unmet need for advanced radiation therapy.

Proton Therapy Access Gap

Fewer than 100 proton therapy centers operate worldwide, with approximately 9,500 treatment rooms needed to meet current demand. High cost and complexity have been primary barriers to adoption.

Strategic Partnerships

STFC Daresbury Laboratory

Science & Technology Facilities Council partnership provides world-class integration site in Daresbury, Warrington. This facility houses accelerator calibration, R&D operations, and will host first patient treatment in 2027.

University Hospital Birmingham NHS Foundation Trust

Clinical partnership aimed at treating patients in Daresbury within certification framework. Collaboration ensures clinical validation and pathway to UK regulatory approval.

Cleveland Clinic Connection

Re-establishing connection with Cleveland Clinic for US clinical validation and pathway to FDA clearance, positioning LiGHT for North American market entry.

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Contact Investor Relations

Or email directly: IR@LioraTechnologies.com