Frost & Sullivan Grants Life Science Instrument Company of the Year Award to Thermo Electron.Business Editors/Health/Medical Writers SAN DIEGO--(BUSINESS WIRE)--Nov. 6, 2003 Frost & Sullivan honored Thermo Electron Thermo Electron Corporation (TMO (NYSE)) (incorporated 1956) is a major provider of analytical instruments and services for a variety of domains. Thermo has revenues of over $2 billion, and employs 11,000 people in 30 countries. Corporation (NYSE NYSE See: New York Stock Exchange :TMO TMO T-Mobile TMO The Mac Observer (website) TMO Timeout (Hekimian) TMO Tenant Management Organisation (UK) TMO Toprak Mahsulleri Ofisi ) with its Life Science Instrument Company of the Year Award at last night's 2003 Global Excellence in Healthcare & Life Sciences Awards Banquet. Thermo Electron serves a wide range of industries, with strong emphasis on the drug discovery and life science research markets. Its systems, software, and services enable researchers to efficiently analyze, detect, measure, and control at all stages of the drug discovery process, providing great accuracy and reproducibility reproducibility Lab medicine The degree of agreement among repeated measurements of a particular parameter, presented in terms of a standard deviation or coefficient of variation of the results in a set of measurements . Founded in 1956 by a former MIT MIT - Massachusetts Institute of Technology professor, Thermo Electron went public in 1967 and is now a world leader in high-tech scientific instruments, with revenues reaching $2 billion in 2002. The company's initial expansion strategy enabled Thermo Electron to acquire as many as 75 companies in 15 years, resulting in a collection of well-known businesses operating under their original company names with hundreds of product brands. To establish greater recognition as a single enterprise, Thermo Electron is commercially integrating its businesses and now operates under two strong brand names -- Thermo and Spectra-Physics. The Thermo brand covers the company's laboratory and industrial instrumentation products -- a segment that generates almost 85 percent of its revenues -- and Spectra-Physics refers to its lasers and photonics photonics, the science and technology based on and concerned with the controlled flow of photons, or light particles. It is the optical equivalent of electronics, and the two technologies coexist in such innovations as optoelectronic integrated circuits. offerings. Thermo Electron's early success with commercial integration has placed it in a strong position to make strategic acquisitions that can add further breadth to its product lines and provide complete solutions for customers. For instance, the acquisition of CRS Robotics CRS Robotics Corporation (now Thermo CRS Limited) was a robotics company based out of Burlington, Ontario, Canada. CRS Robotics designed, manufactured, distributed, and serviced human scale robots and laboratory automation systems. last year allowed Thermo Electron to automate To turn a set of manual steps into an operation that goes by itself. See automation. many of its products for drug discovery research, where high throughput, ease of use, and greater efficiency are critical. More recently, Thermo's pending acquisition of France-based Jouan SA will greatly expand its sample preparation and storage offerings and global distribution channels. "With a strong focus on providing total customer solutions, Thermo's goal is to simplify the way customers interact with the company," says Sinead Igoe, industry analyst with Frost & Sullivan. "One initiative, called the New Labs program, offers researchers virtually everything they need to outfit a lab, from equipment used to prepare and store samples, to systems that analyze the samples, to software that gathers and manages all the data." Thermo's offerings include product lines such as Finnigan mass spectrometers and Nicolet spectroscopy spectroscopy Branch of analysis devoted to identifying elements and compounds and elucidating atomic and molecular structure by measuring the radiant energy absorbed or emitted by a substance at characteristic wavelengths of the electromagnetic spectrum (including gamma ray, instruments. The company's dedication to new product development and the advancement of current products to new levels of performance provides researchers with innovative tools to achieve groundbreaking results. Such focus further enables customers to concentrate their efforts on moving scientific research forward. Frost & Sullivan presents the Life Science Instrument Company of the Year Award to the company that has demonstrated unparalleled excellence in terms of business development, competitive strategy, and customer service leadership within a particular industry. Held in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif., the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in the healthcare industry. An annual event, the banquet recognizes the quality and merit of these distinguished companies. About Thermo Electron Corporation A world leader in high-tech instruments, Thermo Electron Corporation helps life science, laboratory, and industrial customers advance scientific knowledge, enable drug discovery, improve manufacturing processes, and protect people and the environment with instruments, scientific equipment, and integrated software Separate software components or applications that have been combined into one package. See integrated software package. solutions. Based in Waltham, Mass., Thermo Electron has revenues of more than $2 billion, and employs approximately 10,000 people in 30 countries worldwide. For more information, visit www.thermo.com. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards A Sullivan Award may refer to:
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