-- New demonstration center and service team provide greater capabilities
throughout Asia --
WALTHAM, Mass., Nov. 8 /PRNewswire-FirstCall/ -- Thermo Electron
Corporation (NYSE: TMO), the world leader in analytical instruments, announced
the opening of a new customer service and demonstration laboratory center in
Shanghai, China. The 43,000 square foot (4,000 square meters) facility will
also house sales and marketing personnel, and technical support and service
for this region.
Over the past two years, Thermo has executed a strategy for long-term
growth in Asia by expanding its local resources. The company dramatically
increased its footprint in China by opening a new manufacturing center of
excellence, acquiring additional distribution capabilities and expanding its
sales, marketing and services personnel. China has now become the second
largest market worldwide for Thermo, representing over 5% of Thermo's overall
revenue. This new, state-of-the-art customer demonstration center complements
Thermo's commercial offices located throughout the region, including Beijing,
Shanghai, Hong Kong, Guangzhou, Kunming, Chengdu and Shenyang.
"With our infrastructure now firmly grounded and established within China,
it is time for Thermo to focus more acutely on broadening our interaction with
customers in this region, offering them the opportunity to learn more about
our complete laboratory solutions through hands-on operation," said Marc N.
Casper, senior vice president of Thermo Electron. "This new demo center
represents yet another major Thermo investment in China, providing
applications experts, a full inventory of our instruments, and a customer
support operation to enable even more direct access to our customers in China
and throughout all of Asia."
Customers visiting the new facility will have the opportunity to see end-
to-end laboratory solutions and use products in a variety of applications,
including sample preparation, mass spectrometry, chromatography, elemental
analysis, molecular process, informatics and temperature control. There is
also a dedicated training area designed to assist customers with seeing new
products and learning new techniques.
In December of 2004, Thermo announced the expansion of its manufacturing
operations in China with the introduction of a new 90,000 square foot facility
that increased manufacturing capacity in Shanghai by more than four times.
Thermo products manufactured at the site include atomic absorption
instruments, microplate readers and sample preparation equipment, and will
soon include metal detection and environmental instruments. This facility now
serves as a center for Asian operations, and is becoming a central point for
supply chain management and logistics for Thermo worldwide.
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. Based near Boston,
Massachusetts, Thermo has revenues of approximately $2.7 billion, and employs
approximately 11,000 people in 30 countries. For more information, visit
http://www.thermo.com.
The following constitutes a "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release contains forward-
looking statements that involve a number of risks and uncertainties.
Important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are set forth under the
heading "Forward-Looking Statements" in the company's Quarterly Report on Form
10-Q for the fiscal quarter ended July 2, 2005. These include risks and
uncertainties relating to: the need to develop new products and adapt to
significant technological change; dependence on customers that operate in
cyclical industries; general worldwide economic conditions and related
uncertainties; the effect of changes in governmental regulations; dependence
on customers' capital spending policies and government funding policies; use
and protection of intellectual property; exposure to product liability claims
in excess of insurance coverage; retention of contingent liabilities from
businesses we sold; realization of potential future savings from new
productivity initiatives; implementation of our branding strategy;
implementation of strategies for improving internal growth; the effect of
exchange rate fluctuations on international operations; identification,
completion and integration of new acquisitions and potential impairment of
goodwill from previous acquisitions. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new information,
future events, or otherwise.
Media Contact Information: Investor Contact Information:
Lori Gorski Ken Apicerno
Phone: 781-622-1242 Phone: 781-622-1111
E-mail: lori.gorski@thermo.com E-mail: investorrelations@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 Ken Apicerno, +1-781-622-1111,
investorrelations@thermo.com both of Thermo
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