WARSAW, Ind., Nov. 30, 2011 /PRNewswire/ -- Zimmer Holdings, Inc. (NYSE and SIX: ZMH), a global leader in musculoskeletal care, announced today at the Chinese Orthopaedic Association (COA) International Congress that the Company will establish a new research and development center in Beijing, China. The center will lay the foundation for a network of research and development programs across the region.
"The Asia-Pacific region offers significant growth opportunities in both established and emerging markets," said David C. Dvorak, President and CEO of Zimmer. "Investment in local research and development represents a critical component of Zimmer's long-term strategy to provide clinically-relevant offerings for Asian markets."
Zimmer's Beijing-based research and development will be involved in collaborative efforts with local engineers and healthcare professionals with the goal of developing innovative products and technologies to meet the unique needs of Asian patients and their healthcare providers. Co-locating the center with Zimmer's existing operations in Beijing further strengthens the Company's position in one of the fastest growing countries in the region.
For more information about Zimmer, visit the Company's exhibit at the sixth annual COA International Congress in Beijing, China from December 1-4, 2011, or visit www.zimmer.com.
About the Company
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products. Zimmer has operations in more than 25 countries around the world and sells products in more than 100 countries. Zimmer's 2010 sales were approximately $4.2 billion. The Company is supported by the efforts of more than 8,000 employees worldwide.
Zimmer Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 based on current expectations, estimates, forecasts and projections about the orthopaedics industry, management's beliefs and assumptions made by management. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "projects," "assumes," "guides," "targets," "forecasts," and "seeks" or the negative of such terms or other variations on such terms or comparable terminology. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially. For a list and description of such risks and uncertainties, see our periodic reports filed with the U.S. Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be set forth in our periodic reports. Readers of this document are cautioned not to place undue reliance on these forward-looking statements, since, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this document.
|SOURCE Zimmer Holdings, Inc.|
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