New Customer Demonstration Center and Training Facilities Offer Regional
Customers Direct Access to Laboratory and Process Technology
WALTHAM, Mass., Nov. 29 /PRNewswire-FirstCall/ -- Thermo Electron
Corporation (NYSE: TMO), the world leader in analytical instruments, today
announced the opening of a new customer demonstration laboratory in Mumbai,
India, to serve local pharmaceutical, petroleum/petrochemical, automobile,
environmental and agricultural market sectors. The new site will be equipped
with state-of-the-art customer demonstration and training facilities, offering
customers in this region hands-on experience with Thermo's laboratory and
manufacturing process solutions.
The Mumbai demonstration center will house laboratory and life sciences
solutions, including ion trap and triple quadrupole mass spectrometers,
centrifuges, incubators and microplate instruments, along with several process
instruments. Customers visiting the facility will have the opportunity to
receive training on these solutions, and will be able to analyze samples
before making purchase decisions.
"As the leading instruments company and premier supplier to the lab, we
are committed to expanding our presence where science and industry are moving
forward. Building Thermo's capabilities throughout India and across Asia is a
logical and important part of this growth strategy," Marijn Dekkers, president
and CEO of Thermo Electron, said. "India and the surrounding regions represent
a major market for laboratory and process instrumentation, and therefore, a
tremendous opportunity for long-term growth and expansion for Thermo."
Thermo started its direct operations in India eight years ago to serve its
customers in this region. In addition to Mumbai, Thermo also operates out of
locations in New Delhi, Bangalore, Pune, Hyderabad, Kolkata and Chennai.
The new facility in Mumbai is one of three major centers Thermo has opened
over the past two years. Earlier this month, Thermo opened a 43,000 square
foot customer service and demonstration laboratory center in Shanghai, China.
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.
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 Kenneth J. 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:
Media Contact Information: Lori Gorski,
+1-781-622-1242, lori.gorski@thermo.com, or Investor Contact
Information: Kenneth J. Apicerno, +1-781-622-1111,
investorrelations@thermo.com, both of Thermo Electron
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