Clinical Data -Australia- and AVL Medical Instruments Form Strategic Partnership in Australia.NEWTON, Mass.--(BW HealthWire)--July 14, 1999-- Novitron International, Inc. (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 :NOVI) announced today that the Company's subsidiary, Clinical Data (Australia) Pty. Ltd. and AVL (Automatic Vehicle Location) See mobile positioning. Medical Instruments AG of Schaffhausen, Switzerland, have entered into a strategic partnership to sell, service and support the Australian blood gas and electrolytes diagnostic market. Under the terms of the agreement, Clinical Data will assume exclusive responsibility for the existing installed based of over eighty (80) AVL systems in Australia and for the distribution of the entire line of AVL instruments and consumables. AVL will transfer operations to Clinical Data effective August 1, 1999. Adrian Tennyenhuis, Managing Director of Clinical Data (Australia), commented, "The strategic relationship established with AVL will give our company the diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. it needs to continue it's record of strong growth in the Australian market. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , it will allow us to offer product to both the laboratory and the larger clinical acute care market." Israel M. Stein Stein , William Howard 1911-1980. American biochemist. He shared a 1972 Nobel Prize for pioneering studies of ribonuclease. MD, President of Novitron International further stated, "We view this new and exciting relationship as a continued expression of confidence in Clinical Data's successful growth in the Australian market. AVL is one of the world's premier suppliers of blood gas and electrolyte electrolyte (ĭlĕk`trəlīt'), electrical conductor in which current is carried by ions rather than by free electrons (as in a metal). instruments." Novitron International, Inc. is a multinational company focusing on scientific instrumentation used in clinical and analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. laboratories and in process monitoring. The Company's Dutch subsidiary, Vital Scientific NV, designs and manufactures scientific instrumentation marketed worldwide through distributors and strategic partnerships. The Company's subsidiary Clinical Data (Australia) Pty. Ltd. distributes diagnostic instruments and assays in the South Pacific and has a strategic alliance with Medical Innovations Limited for the development of immuno-diagnostics. The Company's Dutch subsidiary, NovaChem BV, develops and markets process monitoring technology for petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. and environmental applications. Except for any historical information contained in this release, the matters discussed herein include forward looking statements, within the meaning of Section 27A of the Securities Act of 1933 (as amended), that involve risk and uncertainties. Actual results could differ materially from those expressed in such statements and readers are referred to the Company's SEC reports and filings. |
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