SOUTH JORDAN, Utah, June 4, 2013 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (Nasdaq:MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy today announced the opening of a hypotube manufacturing Center of Excellence in Galway, Ireland. The Center significantly enhances Merit's hypotube manufacturing capabilities and includes best-in-class design and production systems and advanced equipment and controls for producing customized hypotubes for uses including percutaneous transluminal coronary angioplasty (PTCA) balloon catheters. The Merit Hypotube TM is sold by Merit Medical's Coatings division.
"We've been coating and supplying hypotubes to the medical device OEM industry for many years," said Fred P. Lampropoulos, Chairman and CEO of Merit Medical Systems, Inc. "We made a commitment to become one of the world's leading hypotube manufacturers and have invested in the new equipment and expertise to do so."
Building on Merit Medical Coating's world-class PTFE wire and hypotube coating platform technologies, the capabilities of the new Center of Excellence include the newest and most precise laser cutting machines available for custom spiral-cutting, skive-cutting and slot-cutting; laser ablation machines for non-contact removal of coating from the hypotube surface; leak testing at higher pressures; laser welding including seam-welding and point-welding of stylets; an advanced, controlled inspection process to inspect the full diameter and length of tubes; a cleaning process that does not require harsh chemicals; passivation to add resistance to corrosion; and higher production capacity. Merit Medical has also added a new customer-focused team to drive strong development, partnership and supply.A Center of Excellence designation refers to companies, facilities, or teams within companies that promote collaboration to improve expertise through best practices, research, and/or new technologies. For more information visit: www.meritmedicalcoatings.com/takeanewlook . ABOUT MERIT Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 200 individuals. Merit employs approximately 2,750 people worldwide with facilities in Salt Lake City and South Jordan, Utah; Angleton, Texas; Richmond, Virginia; Malvern, Pennsylvania; Maastricht and Venlo, The Netherlands; Paris, France; Galway, Ireland; Beijing, China; Copenhagen, Denmark; and Rockland, Massachusetts.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV