WALTHAM, Mass., Feb. 17 /PRNewswire-FirstCall/ -- Thermo Electron
Corporation (NYSE: TMO), the world leader in analytical instruments, today
announced that it has been named "2005 Company of the Year" by Instrument
Business Outlook (IBO). The award recognizes Thermo Electron's market
leadership, strong financial and operational performance and outstanding
technical contributions to the analytical and scientific instrumentation
market in 2005.
IBO is published by Strategic Directions International, a recognized
source for business intelligence for the analytical and life science market.
The Company of the Year award credits Thermo with successfully meeting the
evolving demands of the life science industry through its strategic
investments in services and lab equipment, the expansion of its mass
spectrometry portfolio and refined strategy targeted at emerging markets.
"At a time when many instrument companies are adjusting to the realities
of the life science market, seeking to enter faster growing markets and
technology segments, and trying to leverage further their size and operational
efficiencies, Thermo has already met these challenges," states IBO's annual
review. "During the year, the company capitalized on its diversified end-user
markets by targeting growing applications and key regional investments. The
company utilized its broad portfolio to create integrated solutions, launch a
steady flow of new products, increase its sales to key customers and build its
service business."
Throughout the year, Thermo significantly increased its ability to serve
laboratory customers by introducing breakthrough technologies, as well as
through strategic acquisitions and geographic expansion. As highlighted in
IBO's review, Thermo's LTQ(TM) Orbitrap(TM) hybrid mass spectrometer was the
first new mass analyzer to be introduced to the market in over 20 years.
Thermo became the world's largest supplier of laboratory equipment with its
acquisition of Kendro Laboratory Products, and as the review points out,
Thermo's recent facility openings in Shanghai, China and Mumbai, India have
only increased the company's global presence.
"We are honored that IBO has recognized the significant milestones that
Thermo reached in 2005," said Marijn Dekkers, president and CEO of Thermo. "As
the world leader in analytical instruments, it is our mission to continue to
meet the evolving needs of our customers. Our achievements in 2005 give us
great momentum going into 2006, as we work to provide leading-edge technology
and world-class service that will help our customers in their efforts to make
the world a healthier, cleaner and safer place."
The entire IBO report can be found at http://www.thermo.com.
About Thermo Electron Corporation
Thermo Electron Corporation is the world leader in analytical instruments.
Our instrument solutions enable our customers to make the world a healthier,
cleaner and safer place. Thermo's Life and Laboratory Sciences segment
provides analytical instruments, scientific equipment, services and software
solutions for life science, drug discovery, clinical, environmental and
industrial laboratories. Thermo's Measurement and Control segment is dedicated
to providing analytical instruments used in a variety of manufacturing
processes and in-the-field applications, including those associated with
safety and homeland security. For more information, visit
http://www.thermo.com.
Media Contact Information: Investor Contact Information:
Lori Gorski Kenneth J. Apicerno
Phone: 781-622-1242 Phone: 781-622-1111
E-mail: lori.gorski@thermo.com E-mail: ken.apicerno@thermo.com
Website: http://www.thermo.com
SOURCE Thermo Electron Corporation
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Related links:
http://www.thermo.com
Company News On-Call:
http://www.prnewswire.com/comp/877850.html
CONTACT:
Lori Gorski, +1-781-622-1242,
lori.gorski@thermo.com, or Kenneth J. Apicerno, +1-781-622-1111,
ken.apicerno@thermo.com, both of Thermo
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