Analogic Corporation to Expand Facilities at Corporate Headquarters in Peabody, Mass.Business Editors PEABODY, Mass.--(BUSINESS WIRE)--Feb. 3, 2003 Bernard M. Gordon This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Chairman of the Board and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Analogic Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALOG ALOG Army Logistician (Magazine) ALOG Army Logistics ALOG Activity Log ALOG AWIS Logistics ), announced today that the Company is planning to construct a 100,000 square foot addition to its headquarters building in Peabody, Massachusetts. The headquarters currently encompasses over 400,000 square feet of engineering, manufacturing and administrative space. Gordon said, "We are aggressively pursuing new opportunities in health and security applications that are expected to lead to significant long-term growth for Analogic. This two-story addition will enable the Company to further consolidate its existing Massachusetts operations and to expand production capacity for its medical and security imaging system businesses. A significant investment in our future, this expansion reaffirms our strong commitment to meeting the growing needs of our customers." Ground breaking is expected to occur in March 2003, with completion expected the following December. Architects on the project are Stubbins Associates, Cambridge, Massachusetts. This will be the second major expansion in eastern Massachusetts by Analogic within the past year. In April the Company leased a 200,000 square foot building in Haverhill, Massachusetts, and transformed it into the world's most advanced manufacturing facility for security Computed Tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. (CT) scanners, used in explosive detection systems that screen checked luggage for aircraft. Two Analogic subsidiaries, Camtronics Medical Systems in Hartland, Wisconsin, and B-K Medical in Herlev, Denmark, recently doubled the size of their respective headquarters, including engineering and manufacturing facilities. Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ), Patient Monitoring, Cardiovascular Information Management, and Embedded Multiprocessing. This press release contains the Company's or management's intentions, hopes, beliefs, expectations or predictions. These are considered "forward-looking statements" within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Forward-looking statements (statements which are not historical facts) in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements, including statements about product development, market and industry trends, strategic initiatives, regulatory approvals, sales, profits, expenses, price trends, research and development expenses and trends, and capital expenditures involve risk and uncertainties and actual events and results may differ significantly from those in any forward-looking statements. Actual results may differ materially from those indicated by such statements as a result of various factors, including those discussed in the Company's periodic reports filed with the SEC. |
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