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.
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.
The merger will bring together many long-standing relationships with employees, business partners, customers, distributors, collaborators and local communities. Both companies recognize the value of these relationships and are committed to continuing them, and whenever possible, identifying new opportunities for mutual growth and development. Director of R&D, Dr. David Budgett, said, "Telemetry Research has maintained close linkages to the University of Auckland Bioengineering Institute, where the company began, and will continue working to expand these opportunities."
Huntly Millar, CEO of Millar Instruments, said, "The merger will enable an aggressive increase in research and development efforts to provide products and solutions that meet or exceed the level of product quality and performance valued by its customers worldwide. It will provide the foundation for our vision to become a global leader providing innovative, high quality solutions for medical and life science applications."
|SOURCE Millar Instruments, Inc.|
Copyright©2010 PR Newswire.
All rights reserved