MEMPHIS, Tenn., Dec. 9, 2005 (PRIMEZONE) -- Luminetx Corporation, a leading developer and marketer of biomedical technologies, announced that it has awarded an exclusive two-year agreement to Plexus Corporation (Nasdaq:PLXS) to serve as Luminetx's integrated system manufacturer for their patented infrared vein imaging device, VeinViewer(tm).
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Hailed by Time magazine as "one of the most amazing medical inventions of the year," VeinViewer is a breakthrough device that will revolutionize medical procedures and improve the quality of global health-care. The visionary product is a venous imaging system that uses infrared light and other patented technologies to project a real-time image of subcutaneous veins directly onto the surface of a patient's skin.
Plexus, a contract manufacturer based in Neenah, Wisconsin, specializes in providing engineering and design services, in addition to production and assembly, for industry-leading accounts, including many in the medical sector.
"Luminetx went through an extensive search process to locate and partner with a manufacturer," said Mark Darty, Luminetx executive vice president of research, development and manufacturing. "Of 14 original quotes, the Plexus offering represented the best value for Luminetx in consideration of quality, price, and level of responsiveness to our technology and business needs. Luminetx was favorably impressed by the breadth and depth of engineering, manufacturing and service capabilities of Plexus."
"We understand the impact that the VeinViewer technology will have within the healthcare industry, and we are very pleased to have been selected to manufacture such a revolutionary product," said Dean Foate, president and CEO for Plexus Corporation.
VeinViewer has been attracting keen interest from leading national figures in phlebology, sclerotherapy, dermatology, phlebotomy, pediatric venipuncture (i.e., blood collection, IV-PICC line insertions), interventional radiology, plastic surgery and other specialty medical segments where venous access is critical to patient comfort and practitioner success.
"Selection of a world-class manufacturer of medical products like Plexus is a significant milestone," said Jim Phillips, president and CEO of Luminetx. "We have pursued an aggressive schedule from concept to commercialization, and we are on track to accomplish our goals."
About Luminetx Corporation
Headquartered in the biotech district of Memphis, Tenn., Luminetx Corporation discovers, develops and commercializes bioscience technologies in the digital imaging, SCM, nanotech, wireless, biometric identification and IP communications arenas. Luminetx consists of experienced scientific, technological and business leadership committed to their vision. President, CEO and Chairman of the Board James M. Phillips has enjoyed an outstanding career starting and guiding companies through successful IPOs and pioneering new technologies into major industry leading positions. Luminetx's premier product, VeinViewer, an infrared vein imaging system, was recognized by Time magazine as "one of the most amazing medical inventions of the year." For more information, please visit www.luminetx.com.
About Plexus Corp. -- The Product Realization Company
Plexus (www.plexus.com) is an award-winning participant in the Electronics Manufacturing Services (EMS) industry, providing product design, test, manufacturing and fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace industries. The Company's unique Focused Factory manufacturing model and global supply chain solutions are strategically enhanced by value-added product design and engineering services. Plexus specializes in customer programs that require flexibility, scalability, technology and quality. Plexus provides award-winning customer service to more than 150 branded product companies in North America, Europe and Asia.
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