Press Release: September 26, 2005 09:00 AM US Eastern TimezoneLighthouse Instruments, LLC Receives Equity Investment From Diamond Machine Werk CHARLOTTESVILLE, VA and ARLINGTON HEIGHTS, IL –September 26, 2005 - Lighthouse Instruments, LLC, the leading provider of optical-based, non-destructive headspace detection systems to the pharmaceutical, biotechnology and contract manufacturing industry today announced it has received an equity investment from Diamond Machine Werks (DMW). This funding will be used to further expand Lighthouses’ sales, support and service infrastructure in Europe and to accelerate the commercialization of new products currently under development. Financial terms were not disclosed. “This investment is a key component of our growth strategy”, said Dr. Jim Veale, President of Lighthouse Instruments. “We now have the necessary human and capital resources in place to respond to the increasing demand from the pharmaceutical market for our optical-based leak detection systems. Increasingly, our customers are committing to the implementation of our non-destructive leak detection and oxygen-monitoring technologies as part of their internal Process Analytical Technology (PAT) initiative. The combined resources of Lighthouse and DMW gives us a team of over 90 professionals focused on designing, building and supporting our VISTA™ In-Line Detection Systems world-wide.” “We see our relationship with Lighthouse as another key step in DMW’s strategy to offer our pharmaceutical customers with advanced inspection solutions like the VISTA™ systems and our ACE-trac™ vial & syringes marking and inspection platforms. DMW’s extensive experience with European installations will also complement Lighthouse’s efforts in that part of the world”, said Philippe Maraval, President of Diamond Machine Werks.
About Diamond Machine Werks DMW (formerly a division of Weiler Engineering) was founded in 1959 and is located in Arlington Heights, Illinois. DMW is a leading designer, manufacturer and integrator of custom automation equipment and pressure sensitive labelers. The labelers are sold through our sister company Weiler Labeling Systems in Moorestown, New Jersey. DMW has extensive know-how in high-speed continuous-motion assembly platforms at speeds up to 1200 ppm, as well as in-line and rotary indexing systems. DMW delivers and services equipment worldwide to its customers in the Consumer Products and Pharmaceutical fields. WLS is the leading supplier of labelers to the Pharmaceutical industry. Please visit us at www.dmwautomation.com and www.weilerls.com.
About Lighthouse Instruments We partner with Fortune 500 companies including: Amgen, Barr Labs, Baxter, Bayer, Ben Venue, Bracco Research, BMS, Centocor, DSM, Eli Lilly, Genentech, Glaxo SmithKline, Hollister-Stier, H. Lundbeck, King, LFB, Merck, Novartis, Patheon, Pfizer, Sanofi-Aventis, Sicor, Serum Institute, Steris and Wyeth. Our systems have been validated and registered for use in the US, Europe and Asia, are CE-certified and fully Part 11 compliant. Located in Charlottesville, VA, Lighthouse was founded in 1998 with funding provided by the FDA through the Small Business Innovation Research (SBIR) grant program. NOTE: VISTA™ is a trademark of Lighthouse Instruments, LLC. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
Contacts:
DMW Philippe Maraval President (847) 437-0665 x104
Lighthouse Instruments, LLC Barry Giordano |