Gyros AB appoints former Ericsson Production Manager as Vice President, Operations
Gyros AB appoints former Ericsson Production Manager as Vice President, Operations. Gyros AB announced today the appointment of Nils Kristensen as Vice President, Operations, based at their company headquarters in Uppsala Science Park, Sweden. Mr. Kristensen has held a number of senior management positions in production and development at Ericsson Microelectronics and Ericsson Radio Systems both in the US and Sweden. "Our technology platform has the potential to miniaturize and integrate many different laboratory processes, so it is essential that we build-up a strong CD production department to cater for our 'off-the shelf' CD microlaboratories as well as our custom-designed solutions", said Dr. Maris Hartmanis, President and CEO of Gyros AB, "With over ten years of experience in advanced industrial production and product development, Mr. Kristensen brings with him the expertise we need to ensure that our products reach the standards of reliability and quality required by industrial clients." Each CD microlaboratory will be designed and optimized for a specific application before being mass-produced in a new production unit, currently under construction at the Company headquarters in Uppsala Science Park, Uppsala, Sweden. "I am very excited at the prospect of working in a rapidly expanding company with such a unique new technology" said Kristensen, "Transferring CD microlaboratories from development through to routine production and quality assurance will be a great challenge." The Gyros technology platform has drawn considerable interest from pharmaceutical and diagnostic companies. Dr. Hartmanis continued, "The new CD production unit is an essential step in our development plans and gives us total control of the core element in our technology platform". The Company anticipates its first product launch in the first half of 2002 and is already developing collaborations for custom-designed solutions based on its unique platform. About Gyros AB Gyros AB offers pharmaceutical, biotechnology and diagnostic companies access to a unique, proprietary technology platform in which routine or non-routine laboratory processes can be miniaturized and integrated into client-specific CDs. Hundreds of samples can be processed in parallel on these disposable microlaboratories. This new platform brings outstanding gains in efficiency, cost-effectiveness and information content. The ability to integrate different laboratory steps on a single CD offers the potential to reassess and redesign traditional working procedures. The company was founded in 2000 and has its offices based in the Science Park in Uppsala, Sweden. For further information, visit www.gyrosmicro.com or contact: Maris Hartmanis, President and CEO, Gyros AB Tel: +46 (0)18 566 330 Mobile: +46 (0)70 562 8617 Email: maris.hartmanis@gyrosmicro.com Per Sjöberg, Executive Vice President Commercial Operations, Gyros AB Tel: +46 (0)18 566 318 Mobile: +46 (0)70 5444799 Email: per.sjoberg@gyrosmicro.com Media information (trade): Sue Cresswell, Marketing Communications Tel: +46 (0)8 54472620 Mobile: +46 (0)705 519520 Email: sue.cresswell@gyrosmicro.com Statements in this press release that are not strictly historical may be forward-looking and include risks and uncertainties. Therefore, though based on Gyros' current expectations, it should be duly noted that a variety of factors could cause actual results and experiences to differ materially from what is herein expressed. Risks and uncertainties include, but are not limited to, risks associated with the management of growth and international operations (including effects of currency fluctuations), variability of operating results, unforeseen changes in the diagnostic and pharmaceutical markets, market competition, rapid or unexpected changes in technologies, fluctuations in product demand, difficulties to successfully develop, adapt, produce or commercialize products, the ability to identify and develop new products and to differentiate products from those of competitors, as well as various legal hazards. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/24/20010823BIT00310/bit0001.doc http://www.waymaker.net/bitonline/2001/08/24/20010823BIT00310/bit0001.pdf