PEABODY, Mass., July 26, 2010 (GLOBE NEWSWIRE) — Analogic Corporation (Nasdaq:ALOG), a leading provider of medical imaging and aviation security technology, announced today that the Company’s newly established China operations, Analogic Medical Equipment (Shanghai) Co., Ltd., has received ISO 13485 certification and shipped its first MRI amplifier product.
Analogic’s expansion into China is part of the Company’s strategy to increase its global commercial footprint and reduce its supply chain costs. A local presence will enable Analogic to fully support its customers in the region and to benefit from China’s emerging market growth. The new Shanghai facility, which opened its doors in December 2009, will incorporate sales, marketing, engineering, and manufacturing services, as well as house a regional repair depot.
Jim Green, Analogic’s president and CEO, said, “China’s rapid economic growth, coupled with an aging population, has increased the region’s demand for advanced medical imaging technology and presented a tremendous business opportunity for Analogic. With this move, Analogic is positioned to provide our advanced medical imaging technology and world-class manufacturing and support to our customers in the Chinese market more effectively than we could from our U.S. headquarters. I’m proud of what we’ve accomplished there in a relatively short period of time and I look forward to exploring new opportunities to strengthen our presence in this market.”
Analogic began evaluating possible sites for its new China facility in 2009, deciding on the Shanghai International Medical Zone as the ideal location. Within a year, the facility was staffed and early production commenced. Initial production is focused on some of Analogic’s MRI subsystems.
Analogic is a high-technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to original equipment manufacturers (OEMs) and end users in the healthcare and homeland security markets. We are recognized worldwide for advancing state-of-the-art technology in the areas of computed tomography (CT), magnetic resonance imaging (MRI), digital radiography, specialized ultrasound, and automatic explosives detection for airport security. Our OEM customers incorporate our technology into systems that they in turn sell for various medical and security applications. We also sell our ultrasound products directly to specialized clinical end-user markets through our direct worldwide sales force under the brand name BK Medical. For more information, visit www.analogic.com.
CONTACT: Analogic Corporation Mark Namaroff, Director of Strategic Marketing & Investor Relations (978) 326-4058 email@example.com
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