New Products for PRC Healthcare Laboratory Market

Techcomp (Holdings) Ltd. is one of China's leading manufacturers of highly advanced healthcare and scientific instruments, with cutting-edge technological patents in scientific instruments, life science equipment and healthcare laboratory instruments. The Techcomp brand of analytical instruments is used in laboratories for diverse industries ranging from materials analysis and testing to pharmaceuticals, biotechnology, medicine and food and beverage and to forensics. Techcomp is an original design and original equipment manufacturer for the world's leading brands of analytical instruments used in research and test applications. Techcomp will soon expand its market presence in the PRC healthcare laboratory market. This follows the huge success of its manufacturing division involved in the production of the biological safety cabinet, which was widely used in the hospital laboratories across China. Techcomp will inaugurate a new facility to ramp up its production capacity in October 2010. "Our expansion into the manufacturing of the biological safety cabinet was a huge success. To date, our existing production facility is running at 90% utilisation rate, and enquiries are still coming in. We are expanding our production capacity to cater to the next phase of growth in the PRC. Techcomp obtained ISO13485 last year for the development and production of our healthcare laboratory product. This certification recognises our achievement on quality management system for medical devices. We are looking to build on this platform to expand our market share in the PRC healthcare laboratory market," said Richard Lo, president and CEO of Techcomp. Techcomp will launch its new line of healthcare laboratory microplate reader and washer, Virto Diagnostic, which will be CE marked and will obtain the medical license for the PRC market in the coming months. This new product is widely used for clinical diagnostic tests. Techcomp is also developing a proprietary Automatic Immunoassay System that is used for the clinical diagnostic market as well. Techcomp's French subsidiary is also finalising the prototype for a healthcare product for the blood banking preparation market, and plans are in the pipeline to launch the new product by early 2011. These new products will enlarge Techcomp's product offering to its customers and enable Techcomp to provide a diversified product portfolio to its end-users in the PRC hospitals and healthcare industry. "As part of its overall rural healthcare reform, the PRC government will be constructing 2,000 country-level hospitals, 29,000 township clinics and 2,400 community healthcare centers and will upgrade 5,000 township clinics and 3,700 community healthcare centers by 2011. I believe this will boost demand for healthcare and medical equipment, which will benefit Techcomp in the long run. Our extensive and well-established distribution networks with the PRC hospitals will enable us to cross-sell more products and propel our growth forward in the coming years," said Lo. Source: TechcompNike Air Max 95