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Setaram Inc. Acquires Hy-Energy LLC

PENSAUKEN, N.J. and CALUIRE, France, Feb. 19 /PRNewswire/ -- Setaram Inc., a leading manufacturer of Thermal Analysis and calorimetry instruments announces the acquisition of Hy-Energy LLC (Newark, CA), a manufacturer of high performance gas sorption scientific instruments for the ever-expanding field of clean renewable energy research.

"This acquisition adds a full suite of analytical capabilities which complement Setaram Instruments' existing Thermal Analysis and calorimetry product lines," said Gilles Widawski, President of Setaram Instrumentation, Caluire France, parent Company of Setaram Inc. "Both Setaram's and Hy- Energy's current customers will benefit from the broader range of capabilities."

"The integration of Hy-Energy with Setaram further strengthens Setaram Instruments North American operations and provides us a physical presence on the West Coast, closer to many of our customers," said Gary Etherington, President of Setaram Inc. (USA).

"We are extremely pleased to become part of Setaram and enhance their calorimetry line with our gas sorption products," said Dr. Karl Gross, founder of Hy-Energy LLC. "With Setaram's worldwide distribution and service, the transaction will improve Hy-Energy's ability to sell to and service customers worldwide. I look forward to working with them to further develop our products and assist of our customers."

The acquisition of Hy-Energy comes just weeks after Setaram Instrumentation announced a strategic distribution partnership with Microcal, which is aimed at enhancing the level of sales and support of MicroCal products across Europe. These important developments are certain to enhance Setaram's product line offerings and strengthen its position as a world leader in providing scientific instruments for the fields of life science, pharma, hydrogen, nuclear, oil & gas, advanced materials and chemical process safety.

For sixty years, Setaram Instrumentation (Caluire, France) has been the global supplier of solutions in thermal analysis and calorimetry, a domain of increasing importance for scientists in academic, pharmaceutical, biotechnology, food, oil and gas, nuclear, process safety and advanced materials. Setaram Instrumentation systems generate unique data from nano to macro thermal events, from very low temperature to 2400 degrees Celsius, and from high vacuum to 1000 bars. For research, development, manufacture and wear testing, these data give insight into material functionality and play a key role in the critical decision-making required for the efficient development and production of new materials.

Founded in 2000 by Dr. Karl Gross, Hy-Energy (Newark, Ca) provides scientific instruments, consulting and measurement services for testing gas sorption properties of materials including hydrogen absorbing alloys, complex hydrides, and high surface-area hydrogen and other gas sorption materials. Hy- Energy's analytical instruments also offer solutions in the field of food packaging (gas permeability) and catalysis (chemical and petrochemical industry. Dr. Gross is committed to supporting Setaram and Hy-Energy in the future development of products, materials testing and customer relations.

SOURCE Setaram Inc.
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