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Millar Instruments, Inc. and Telemetry Research Ltd Merge
Date:11/10/2011
HOUSTON, Nov. 10, 2011 /PRNewswire/ -- Today Millar Instruments, Inc. (Houston, TX) and Telemetry Research Ltd (Auckland, New Zealand) announce their merger. They expect to complete the transaction within the next thirty days. Combining the two companies will create a world class organization to provide quality, innovative sensing and telemetry products to the research and clinical markets. Millar Instruments' pressure sensing technology is acknowledged as the gold standard in pressure monitoring products and systems for life sciences research and clinical applications. Telemetry Research has successfully developed a platform of technologies surrounding wireless physiological monitoring for research applications. Telemetry Research will become a wholly owned subsidiary of Millar Instruments and will continue to operate under New Zealand registry. Operations will continue in New Zealand and the US with headquarters in Houston, TX.
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The companies have collaborated for almost 5 years on life science applications for wireless monitoring of pressure, having developed and commercialized the world's first system combining wireless power and high-fidelity pressure sensors. During this development project, the companies discovered shared values and a vision for the future. "Telemetry Research has always been focused on building a world-class platform technology company and the merger with Millar Instruments will allow the company to springboard into new markets and products," says Dr. Simon Malpas, CEO and founder of Telemetry Research.
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