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Immucor Announces Fiscal Fourth Quarter Results
Date:7/23/2009

mprovement Project, which focuses on improving the quality department's processes and procedures.

"Our Quality Process Improvement Project is progressing well and we continue to target a project completion date by the end of our third fiscal quarter of 2010," stated Dr. De Chirico. "We are confident that our efforts will produce a world-class quality system that will be the foundation for the future."

Operating Expenses

Operating expenses for the fourth quarter increased approximately $4.9 million, or 23%, over the prior year quarter primarily attributable to the BioArray acquisition as well as the Company's initiative to sell its products directly to the end user in the French and United Kingdom markets.

    Summary of Instrument Orders

                                    Q4 2009 Orders                Cumulative
    Instrument                  N.A. (1)     ROW(2)      Total     Orders (3)
    Echo                            65          20         85           603
    Galileo                          1           9         10           637

       (1) N.A. - North America (the U.S. and Canada)
       (2) ROW - all parts of the world other than the U.S. and Canada
       (3) Cumulative Orders - total orders received since the launch of the
           instrument

For fiscal 2009, the Company received 349 Echo orders and 63 Galileo orders. Of the cumulative orders since the instruments' launch, approximately 360 Echo orders and 596 Galileo orders were generating reagent revenue at their expected annualized run rate as of May 31, 2009, an increase of 91 Echo instruments and 23 Galileo instruments in the fiscal fourth quarter.

"The market's acceptance of our Echo instrument, which is targeted at the small- to medium-sized hospital segment, has been remarkable. In the first 2 years since launch, we achieved more t
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SOURCE Immucor, Inc.
Copyright©2009 PR Newswire.
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