AorTech clinches record polymer order



24 November 2009 @ 10:01 am BST

AorTech Internationalhas won a $503,000 Elast-Eon polymer order, the largest in the company's history.

The order reflects the demand of a single customer through to May 31, 2010.

Approximately $300,000 will be billed prior to December 31, 2009.

AorTech chief executive Frank Maguire said: "This polymer order represents a step forward in the growth of the recurring manufacturing revenues associated with our polymer business.

"As AorTech's polymer business segment continues to mature, it will be augmented by our Elast-Eon-based medical device component business.

"This increase in polymer demand is comfortably within the capacity of our state-of-the-art 1,900 square metre manufacturing facility, which since its opening in January of 2006 has maintained a perfect quality and delivery record."

Story provided by Business Financial Newswire

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