Frost & Sullivan Names Varian, Inc. 2004 Leading Analytical Instrumentation Company of the Year.Business Editors/Technology Writers MIAMI--(BUSINESS WIRE)--May 20, 2004 Frost & Sullivan recognized Varian, Inc. (Nasdaq:VARI Va´ri n. 1. (Zool.) The ringtailed lemur (Lemur catta) of Madagascar. Its long tail is annulated with black and white. ) as the recipient of the 2004 Leading Analytical Instrumentation Company of the Year Award at last night's Excellence in Industrial Technology Awards Banquet. Varian has proven to be particularly successful in the life sciences market, which includes pharmaceutical, biotechnology, clinical diagnostics, and academic research. Frost & Sullivan presents this award to Varian, Inc. for its impact on the existing competitive landscape through the company's outstanding management, high quality products, and consistent growth record. Varian's sound investment into research and the successful acceptance of its new techniques and applications is expected to further cement the company's role in the future of the analytical instrumentation and life science industry. "The company's growth strategy indicates that the life sciences market is likely to account for a major percentage of its revenue in the future," says Frost & Sullivan industry analyst Kiran Unni. "In 2002, it accounted for about half of the company's revenue, and it is expected to generate up to 60 percent in the next two years." Competitive and cost-effective pricing and cultivation of close personal relationships with its customers are other qualifying factors that are likely to act in Varian's favor. Varian, Inc. has earned itself a reputation for providing its customers with break-through innovations and discoveries. Following strict regulatory compliance, the company's products and services are well accepted in the industry enabling complete qualification, certification, validation, and calibration with positive customer feedback. Spun-off in 1999 as an independent public company, Varian, Inc. had functioned as the "Instruments Business" of Varian Associates Varian Associates was a company founded in 1948 by Russell H. and Sigurd F. Varian, William Webster Hansen, and Edward Ginzton to sell the klystron, the first tube which could generate electromagnetic waves at microwave frequencies, and other electromagnetic equipment. . Today, the company has the distinction of having pioneered several high-end, hyphenated hy·phen·at·ed adj. 1. Having a hyphen: a hyphenated adjective. 2. Often Offensive Of or relating to naturalized citizens or their descendants or culture. techniques that cater to the most complex scientific and industrial applications, especially in 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, and chromatography instruments, such as LC-NMR/MS. The company's scientific instruments segment develops tools for a broad range of life science and chemical analysis applications that require identification, quantification, and analysis of the elemental, molecular, physical, or biological composition or structure of liquids, solids, or gases. In addition, its vacuum technologies Vacuum Technology is a 5B$ market, it includes several disciplines Vacuum Pump Vacuum Gauges or Measurement Leak detection equipment Process monitoring equipment Gas analyser segment is particularly suited to application in areas where ultra-clean, high vacuum environments are required. Further, Varian's acquisition of ANSYS ANSYS Analysis System Technologies Inc., Narolac Corporation, and JMBS Developments S.A. has not only enhanced its product and service portfolio, but has also contributed to strengthening its aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. sales within this segment. In addition to the life-science market, Varian, Inc. also provides scientific instruments for the environmental, chemical, and petrochemical applications. Held in Miami, the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in industrial technologies. An annual event, the banquet recognized the quality and merit of distinguished individuals and companies. About Varian, Inc. Varian, Inc. is a major supplier of scientific instruments, vacuum technologies, and specialized contract electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). . These businesses serve a broad range of life science and industrial customers worldwide. The company manufactures in 14 locations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. and employs some 4,300 people. Varian, Inc. had fiscal year 2003 sales of $848 million. Additional information about Varian is available at www.varianinc.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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