This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Merit Medical Opens Hypotube Center Of Excellence

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs