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Cardiovascular Systems Announces Plans for Second Manufacturing Facility - New Facility Expands CSI's Capacity to Produce Peripheral Arterial Disease Systems
Date:10/7/2009

cturing operations in Minnesota, where it currently employs more than 100 people, including its headquarters staff, which also has been expanding. In addition, CSI has more than 120 sales professionals across the United States.

"CSI's expansion in Texas is further proof that Texas remains the best state in the nation for business. Our reasonable and predictable regulatory climate, low taxes, skilled and educated workforce, and programs, such as the Texas Enterprise Fund, all come together to strengthen the state's economy by attracting jobs and capital investment," Governor Rick Perry said. "This investment in CSI is expected to bring hundreds of jobs to Texans in the Pearland area and expand our state's already thriving medical technology sector."

"Our region is well served with the addition of Cardiovascular Systems' manufacturing facility in Pearland," said Jeff Moseley, president and CEO of the Greater Houston Partnership, primary business advocate for the 10-county Houston region. "Coupled with the world-famous Texas Medical Center, CSI greatly expands our medical portfolio and strengthens the region's stature with global companies for innovation, research and cutting-edge technology."

"Pearland EDC welcomes CSI to our business community," said Fred Welch, executive director for Pearland Economic Development Corporation. "Our investment in this development agreement is the result of our focus on attracting solid companies with strong growth prospects."

CSI has reported seven quarters of sequential revenue growth since the company commercially launched the Diamondback 360° in 2007. For the fiscal fourth quarter ended June 30, 2009, revenue rose to $15.7 million, a 59-percent increase over the prior-year period. Additionally, at the end of fiscal 2009, 556 hospitals were using the Diamondback 360°, up significantly from 183 a year earlier. More than 15,000 p
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