B-K Medical, A Leading Supplier of Ultrasound Solutions, Makes Room for Continued Expansion.Business/Technology Editors and Health/Medical Writers COPENHAGEN, Denmark--(BW HealthWire)--May 23, 2002 B-K Medical A/S, a wholly-owned subsidiary 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 ), moved yesterday to new headquarters in Herlev, Denmark, a suburb of Copenhagen. From its new base, the company will continue its global expansion in the field of highly specialized diagnostic ultrasound diagnostic ultrasound n. Use of ultrasound to obtain images for medical diagnostic purposes. systems. At 10,000 square meters (about 100,000 square feet), the company's new headquarters is twice as large as its former facilities in nearby Gentofte. The new building has space for production, R&D, sales and marketing, and administration. "Building the new headquarters was a necessary step for us, to keep pace with the constant growth in our business," says 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. Rene Barington. "Throughout the last five years, we've experienced double-digit growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , especially in our products for surgical and urological ultrasound. We had simply outgrown the old facilities. The new production facilities will ensure that we can continue to meet the growing demand for our products. "We've also continued to launch new products, including the Surgical Hawk, which is the first ultrasound scanner in the world that can be hooked up directly to the screens in the operating room operating room n. Abbr. OR A room equipped for performing surgical operations. that are already being used by the surgeon to monitor the operation. B-K Medical is the first ultrasound company to solve the surgeon's problem of having to keep an eye on to watch. - Shak. See also: Eye several different screens at once." Another important factor contributing to the company's expansion is its increasing ability to establish strategic partnerships around the world with other leading companies in the ultrasound field. For example, in the fall of 2001 the production of acoustic arrays was acquired from the U.S. company Acoustic Imaging, a move that in itself expanded B-K Medical's space requirements. The acoustic array is the central component of an ultrasound transducer, the part that sends and receives the ultrasound signals. At the end of 2001, B-K Medical also acquired the rights to develop and produce integrated three-dimensional imaging technology from the Canadian company Life Imaging Systems, Inc. Facts about B-K Medical A/S B-K Medical A/S, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Analogic Corporation (NASDAQ: ALOG), specializes in the development and production of diagnostic ultrasound equipment. The company is recognized as a world leader in developing ultrasound scanners specially designed for surgery and for the investigation of urological disorders. The product line also includes scanners for other applications, such as gynecological gynecological /gy·ne·co·log·i·cal/ (-kah-loj´i-k'l) gynecologic. examinations, fetal scanning, and radiology. The company was established in 1976 as a division of Bruel & Kjaer. Since 1992 it has been a subsidiary of Boston-based Analogic. B-K Medical is represented in 60 countries, with subsidiary sales companies in the U.S., Belgium, the Netherlands, Germany, Italy, Norway, Sweden, England and Thailand. An extensive network of distributors connects B-K Medical with Eastern Europe, the Middle East, Asia and the rest of the world. The company has 330 employees, 230 of whom are located in Denmark. For additional information, contact CEO Rene Barington or Communications Manager Hilary Cox Thomsen at +45 4452 8100. Or visit B-K Medical's web site at www.bkmed.com. World Headquarters Mileparken 34 DK-2730 Herlev Denmark Tel.: +45 4452 8100 Fax: +45 4452 8199 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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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