Raymond Damadian
Damadian is the company's largest shareholder, with 8% of stock worth $6.5 million. Despite owning only 8% of the stock, he maintains almost 100% control of the company through a separate class of shares (Class C) that only Damadian controls 2007. Damadian later collaborated with Wilson Greatbatch, one early developer of the implantable pacemaker, to develop an MRI-compatible pacemaker. He invented a stand-up MRI system and has 15 MRI scanning centers across the United States. There are a number of independent MRI centers that use this technology both in the U.S. and around the world. The company conceived and built the world's first Upright Multi-Positional MRI, which was recognized as The Invention of the Year in 2007 by the Intellectual Properties Owners Association Education Foundation.
Magnetorotational instability
The MRI was first noticed in a non-astrophysical context by Evgeny Velikhov in 1959 when considering the stability of Couette flow of an ideal hydromagnetic fluid. His result was later generalized by S. Chandrasekhar in 1960. This mechanism was proposed by Acheson & Hide (1973) to perhaps play a role in the context of the Earth's geodynamo problem. Although there was some follow-up work in later decades (Fricke, 1969; Acheson and Hide 1972; Acheson and Gibbons 1978), the generality and power of the instability were not fully appreciated until 1991, when Balbus & Hawley gave a relatively simple elucidation and physical explanation of this important process.