Business
AorTech Receives Record Polym
AorTech Receives Record Polym.
About this update from Rua Life Sciences Plc
[{"type":"text","content":"\n RNS Number : 9619C Aortech International PLC 24 November 2009 \n \n\n\n\n\n\nFor Immediate Release\n\n\nNovember 24, 2009\n\n\n\n\n \n\nAorTech Receives Record Polymer Order\n\nAorTech International plc (AIM: AOR) the biomaterials and medical device development company, today announces the receipt of a $503,000 Elast-Eon™ polymer order, the largest in the company's history.\nThis order for Elast-Eon 2A reflects the demand of a single customer through to May 31, 2010. Approximately $300,000 will be billed prior to December 31, 2009. \n\"This polymer order represents a step forward in the growth of the recurring manufacturing revenues associated with our polymer business. As AorTech's polymer business segment continues to mature, it will be augmented by our Elast-Eon-based medical device component business. \n\"This increase in polymer demand is comfortably within the capacity of our state-of-the-art 1,900 square meter manufacturing facility, which since its opening in January of 2006 has maintained a perfect quality and delivery record,\" said Frank Maguire, AorTech Chief Executive Officer. \nAorTech develops and manufactures biostable, implantable polymers, including Elast-Eon and newly introduced ECSil™. Elast-Eon is the world's leading long-term implantable copolymer. With clinical experience of almost four years and over a million long-term human implants, Elast-Eon is currently used in cardiology, orthopaedic, urological and gastroenterological applications, including pacing leads, cardiac cannulae and stents. Devices manufactured from Elast-Eon have multiple US FDA PMA approvals, CE Marks, Australian TOH and Japanese Ministry of Health approvals.\nElast-Eon's biostability is comparable to silicone while exhibiting excellent mechanical, blood contacting and flex-fatigue properties. It can be processed using conventional thermoplastic extrusion and moulding techniques, as well as Reaction Injection Moulding (RIM). The firm's ISO-certified facility produces a range of Elast-Eon and ECSil materials in a variety of specific formulations for us...