WILMINGTON, N.C., April 1, 2010 (GLOBE NEWSWIRE) -- TranS1 Inc. (Nasdaq:TSON) officially opened its new corporate headquarters on Tuesday, March 30th with an official ribbon-cutting ceremony and visit from Senator Richard Burr (NC, R). "This is a great day for TranS1," according to Rick Randall, CEO. "Our new facility will help us further our mission of creating safe, effective spinal implants that allow patients to get back to active living with a minimum of pain and trauma."
Located at 301 Government Center Drive in Wilmington, TranS1's new state-of-the-art headquarters occupies 32,000 square feet housing research and development, training, marketing, regulatory, and customer service. Senator Burr and Wilmington Mayor Bill Saffo both participated in the ribbon-cutting ceremony. Additionally, Senator Burr addressed the media and TranS1 employees on the status of health care reform and the importance of cutting-edge companies like TranS1 to both the local and state economy. Senator Burr expressed his vision that TranS1 will be an important component of a technology corridor along I40 linking the southeastern coast of North Carolina to the Raleigh-Durham area.
Randall praised Senator Burr for his strong support of the medical device industry, specifically his opposition to last year's proposed $40 billion tax on medical device companies that has been cut in half. According to Randall, the original proposed tax would have impeded innovation, medical device entrepreneurship and the future availability of innovative medical technologies that benefit patients.
About TranS1 Inc.
TranS1 is a medical device company focused on designing, developing and marketing products that implement its proprietary minimally invasive surgical approach to treat degenerative disc disease and instability affecting the lower lumbar region of the spine. TranS1 currently markets the AxiaLIF family of products for single and multilevel lumbar fusion and the Vectre and Avatar posterior fixation systems for lumbar fixation supplemental to AxiaLIF fusion. TranS1 was founded in May 2000 and is headquartered in Wilmington, North Carolina. For more information, visit www.trans1.com.