MANCHESTER, Conn., Feb. 22, 2013 (GLOBE NEWSWIRE) -- Charter Medical, Ltd., a Lydall subsidiary, (NYSE:LDL) announced today that it has established a strategic partnership with CELLution Biotech B.V., an innovative developer and provider of bioreactors and fermenters based in the Netherlands. By combining their respective expertise in single-use technology and mass transfer, the partnership will provide customers in North America and Europe with turnkey single-use solutions for fermentation and perfusion cell growth.
CELLution Biotech's CELL-tainer ® products are used to perform high-density fermentation, making it the ideal tool for seed train development while operating in a single-use environment. CELLution Biotech's bioreactors can also be used in the application of mammalian cell culture perfusion given its superior mass transfer performance coupled with a unique channeling system. This high level of performance enables the advantages of single-use technology to be applicable to the microbial fermentation and perfusion cell culture market segments where they are not commonly used today.
Charter Medical, a Lydall company, will be the exclusive distributor of the CELL-tainer ® products as well as exclusive producer and supplier of Charter Medical's single-use bags utilized in conjunction with CELLution's systems. Charter Medical will leverage its established customer relationships and strong network to sell these complementary products across North America and Europe.Dale Barnhart, President and CEO of Lydall, stated: "We are very excited about this opportunity as it takes advantage of Charter Medical's expertise in single-use products and helps transform our business into a more complete solution provider to the bioprocessing industry we currently serve today." Hans Walraven, CEO of CELLution, commented that "CELLution is proud to enter this strategic alliance with such outstanding, complementary partners. It certainly will boost the power of single-use solutions to our customers, in particular for new applications." APIcells Inc. will complement the partnership between Charter Medical and CELLution by supporting the service of the systems as well as bringing additional upstream process engineering expertise, enabling customers to tailor the instrumentation and controls around the CELL-tainer ® technology and their process requirements. About Lydall, Inc.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts