Tecan and Waters sign OEM agreement

Tecan and Waters sign OEM agreement

ID: 105023

(Thomson Reuters ONE) -
Tecan Group AG /
Tecan and Waters sign OEM agreement
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The issuer is solely responsible for the content of this announcement.

* Tecan to supply instruments for sample preparation of Waters' clinical
laboratory assays
* Waters will combine the Tecan platform with its own ACQUITY(®) TQD liquid
chromatograph/mass spectrometer
* Commercial supply of instruments expected to start within the next six
months

Männedorf, Switzerland, January 17, 2012 - The Tecan Group (SIX Swiss Exchange:
TECN) today announced an OEM agreement with Waters Corporation (NYSE:WAT). Under
the agreement, Tecan will supply instruments for the sample preparation of
Waters' clinical laboratory assays. The instrument is based on Tecan's flexible
and reliable Freedom EVO(®) liquid handling platform and will be used as a
component of the Waters(®) system in combination with a Waters ACQUITY(®) TQD
liquid chromatograph/mass spectrometer (LC/MS/MS).

Tecan expects to start the commercial supply of instruments within the next six
months.
Financial details of the agreement were not disclosed.

Waters and ACQUITY are trademarks of Waters Corporation.
Tecan and Freedom EVO are trademarks of the Tecan Group Ltd.

About Tecan
Tecan (www.tecan.com) is a leading global provider of laboratory instruments and
solutions in biopharmaceuticals, forensics and clinical diagnostics. The company
specializes in the development, production and distribution of automated
workflow solutions for laboratories in the life sciences sector. Its clients
include pharmaceutical and biotechnology companies, university research
departments, forensic and diagnostic laboratories. As an original equipment
manufacturer (OEM), Tecan is also a leader in developing and manufacturing OEM
instruments and components that are then distributed by partner companies.




Founded in Switzerland in 1980, the company has manufacturing, research and
development sites in both Europe and North America and maintains a sales and
service network in 52 countries. In 2010, Tecan generated sales of
CHF 371 million (USD 356 million; EUR 269 million). Registered shares of Tecan
Group are traded on the SIX Swiss Exchange (TK: TECN/Reuters: TECZn.S/ ISIN:
1210019).

About Waters Corporation
For over 50 years, Waters Corporation (NYSE:WAT) has created business advantages
for laboratory-dependent organizations by delivering practical and sustainable
innovation to enable significant advancements in such areas as healthcare
delivery, environmental management, food safety, and water quality worldwide.

Pioneering a connected portfolio of separations science, laboratory information
management, mass spectrometry and thermal analysis, Waters technology
breakthroughs and laboratory solutions provide an enduring platform for customer
success.

With revenue of $1.64 billion in 2010 and 5,400 employees, Waters is driving
scientific discovery and operational excellence for customers worldwide.

For further information:

Tecan Group
Martin Braendle
Head of Corporate Communications & Investor Relations
Tel. +41 (0) 44 922 84 30
Fax +41 (0) 44 922 88 89
investor(at)tecan.com
www.tecan.com

Waters Corporation
Brian J. Murphy
Waters Corporation
Public Relations
+1 508-482-2614
brian_j_murphy(at)waters.com




Press Release (PDF):
http://hugin.info/100384/R/1578178/492260.pdf




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Source: Tecan Group AG via Thomson Reuters ONE

[HUG#1578178]


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Bereitgestellt von Benutzer: hugin
Datum: 17.01.2012 - 17:45 Uhr
Sprache: Deutsch
News-ID 105023
Anzahl Zeichen: 4408

contact information:
Town:

Männedorf



Kategorie:

Business News



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