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ots Ad hoc-Service: Eckert & Ziegler AG <DE0005659700> Eckert & Ziegler Invests in a New Production Line

Berlin (ots Ad hoc-Service) -

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announcement.
Eckert & Ziegler Strahlen- und
Medizintechnik AG, an innovative developer of radioactive components
for the treatment of cancer and restenosis, and Californian-based
Radiance Medical Systems Inc. have agreed to add substantial
production capacity for a new medical restenosis prevention device at
Eckert & Ziegler's Berlin facility. In an agreement executed
Wednesday, both companies decided to jointly invest, during the next
12 months up to one million Euro into a new production lines for
cardio- vascular components. At the same time both parties will
intensify their cooperation in the investigation of process
improvements. The new production line has the potential to increase
Eckert & Ziegler's annual revenue volume by several million Euro.
Further to increases in production capacity, Eckert & Ziegler also
decided to intensify its development efforts for second generation
cardio-vasular brachytherapy products. "The recent undisputed
approval by an FDA advisory board of the Cordis cardio-vascular
brachytherapy system, which Eckert & Ziegler manufactures, has
excited patients and doctors. It reminded everyone of the efficacy of
brachytherapy in preventing restenosis", explained Dr. Andreas
Eckert, President and CEO of Eckert & Ziegler AG. "We recently were
able to secure a major European medical device manufacturer as a
development ally and now want to strengthen our lead through further
investments in this area".
The Board of Directors
For further information please contact: Dr. Andreas Eckert CEO and
President Eckert & Ziegler AG Robert-Rössle-Str. 10 D-13125 Berlin
Tel.: (+ 49 30) 94 10 84 - 0 Fax: (+ 49 30) 94 10 84 - 112
http://www.ezag.de
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