VITAL SCIENTIFIC MAY ARBITRATE WITH SCIL DIAGNOSTICES.Novitron International (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), Newton, Mass., has announced that Novitron's Dutch subsidiary, Vital Scientific NV, is engaged in a dispute with Scil Diagnostics GmbH, successor to Scil Animal Care Company GmbH of Viernheim, Germany, under the previously announced agreement to develop and manufacture for Scil, a fully automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , clinical chemistry instrument. Each of the parties has claimed a default under the agreement. If the parties, in the next 60 days, are unable to resolve their differences amicably am·i·ca·ble adj. Characterized by or exhibiting friendliness or goodwill; friendly. [Middle English, from Late Latin am , the agreement requires binding arbitration. 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 stated, "We trust that we will be able to resolve the outstanding issues with Scil and complete this development. In the event that we are not successful, we shall vigorously pursue the remedies contained in the contract, including an action in the Dutch courts. We feel that our position is meritorious mer·i·to·ri·ous adj. Deserving reward or praise; having merit. [Middle English, from Latin merit and that we will prevail if any action is undertaken." Dr. Stein continued, "Vital Scientific had every intention of completing development and delivering analyzers to Scil in the near future. The impact of the delay resulting from the present dispute is unknown at this time. Regardless of the outcome, this development has permitted Vital Scientific to gain expertise in a new generation of technology, which we have the right to actively employ in other projects." Novitron International, Inc. is a multinational company focusing on scientific instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. 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 in industry. 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. The company's Dutch subsidiary, NovaChem BV, develops and markets process analyzers. For more information, visit www.novitronintl.com or call 617-527-9933, |
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