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Date Announced: 01 Mar 2012
Sales Success in North America Drives Distribution Expansion Into European Markets and Provides Co-Marketing Opportunities for Premiere Hamilton Thorne Products.
BEVERLY, MA and TORONTO--(Marketwire -03/01/12)- Hamilton Thorne Ltd. (TSX-V: HTL.V - News), a leading provider of precision laser devices and advanced imaging systems for the fertility, stem cell and developmental biology research markets, today announced the expansion of its distribution partnership with Leica Microsystems GmbH of Wetzlar, Germany, a leading global producer of innovative high-tech precision optics systems for the analysis of microstructures.
This new arrangement will provide Leica Microsystems with access to Hamilton Thorne's current portfolio of laser products, as well as select pipeline products including the strongly anticipated IMSI STRICT™ software for the fertility market. The expanded partnership will enable Hamilton Thorne and Leica Microsystems to further penetrate markets that have proven successful and synergistic for both companies such as fertility and cell research markets. The new multi-year agreement provides Leica Microsystems with non-exclusive rights to market and distribute Hamilton Thorne products in Spain, Portugal and Italy, in addition to the North American market. Hamilton Thorne and Leica Microsystems continue to collaborate on technical product integration between the two companies.
"We are pleased to continue our strategic partnership with Leica Microsystems, a renowned global leader in microscopy and optics. In the US markets especially, Leica Microsystems has provided Hamilton Thorne with significant technical advantages, which has enabled our internal sales team to enter new and beneficial developmental biology research markets," says David Wolf, President and Chief Executive Officer of Hamilton Thorne.
"Hamilton Thorne has launched several game-changing products in 2011, like our new LYKOS™ laser system, and will continue to introduce new and innovative products in 2012. The renewed partnership with Leica Microsystems will expand the distribution channels for these new products in North America and Europe, and help drive rapid product adoption."
"During the course of our partnership, Hamilton Thorne's products have proven to be an ideal extension to our robust catalog of optics systems, and we are confident that our expanded relationship will continue to positively contribute to the bottom line of both companies," says Sebastian Tille, Head of Business Segment 'Widefield Imaging', Life Science Division of Leica Microsystems. "Hamilton Thorne's laser products offer our current customers best-in-class cell analysis capabilities, and with our combined strengths, we can further penetrate and open up new sales opportunities in areas such as advanced cell biology."
The expansion of the existing strategic relationship will continue to focus on joint product development, manufacturing of select components for Hamilton Thorne products, and distribution arrangements in additional markets.
Source: Hamilton Thorne
E-mail: via web site
Web Site: www.hamiltonthorne.com
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