Axsys Technologies Motor to Control Artificial Heart; Selection Marks Axsys' Entry Into Medical Technology Market.Business Editors/Health & Medical Writers ROCKY HILL Rocky Hill, town (1990 pop. 16,554), Hartford co., central Conn., a suburb of Hartford, on the Connecticut River; settled c.1650, inc. 1843. Chemical coatings and synthetic textiles are made there. Rocky Hill was an important river port from 1700 to 1820. , Conn.--(BUSINESS WIRE)--Oct. 23, 2001 Axsys Technologies, Inc. (Nasdaq: AXYS - news), a global leader in the design, manufacture and distribution of precision components and systems for high-technology markets, announced today that it has received a follow-on fol·low-on adj. Following as a related or consequent aspect or development: "Such contracts involve follow-on sales of maintenance services" Christian Science Monitor. order for 200 high-performance Adj. 1. high-performance - modified to give superior performance; "a high-performance car" superior - of high or superior quality or performance; "superior wisdom derived from experience"; "superior math students" motors from Abiomed, Inc. (Nasdaq: ABMD ABMD areal bone mineral density ABMD AEGIS Ballistic Missile Defense (US Navy) ABMD Advanced Ballistic Missile Defense ) for use in Abiomed's AbioCor self-contained mechanical heart. The Axsys motor will control a valve balancing the flow of blood through the heart. Bud Jenkins, general manager of Axsys Motion Control Products, said, "Axsys has long been a leading supplier of motion-control technology for high-performance aerospace and defense and semiconductor markets. We're delighted that, now, our design, engineering and production capabilities will also be used in this life-enhancing medical device. Abiomed's choice of Axsys speaks well of our ability to meet even the most demanding performance requirements." Axsys has been working with Abiomed for many years to custom-design a motor that could meet the reliability, environmental and performance requirements of the AbioCor. Axsys Technologies, Inc. is a vertically integrated supplier of precision system solutions for high-technology markets, including fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , data storage and semiconductor, as well as providing aerospace guidance and electronic capital equipment. Axsys has created its precision systems capabilities by leveraging its success with unique component capabilities. For more information, contact Axsys Technologies, Inc. at www.Axsys.com. This news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The Company's business is subject to various risks and uncertainties. As a result, actual future results and developments may be materially different from those expressed or implied in any forward-looking statement. Disclosure regarding factors affecting the Company's future results and developments is contained in the Company's public filings with the Securities and Exchange Commission, including the Company's annual report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2000. |
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