Bruker (NASDAQ:BRKR)
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Bruker BioSpin announces today that it has received an order from King
Abdullah University of Science and Technology (KAUST) for ten (10)
Nuclear Magnetic Resonance (NMR) spectrometers valued at close to $20
million, including Bruker’s flagship 950 MHz superconducting NMR magnet.
KAUST is a new graduate-level research university in Saudi Arabia,
dedicated to inspiring a new age of scientific achievement and the
realization of a vision of King Abdullah.
The two-story, eight-ton 950 MHz magnet is the world’s highest-field
superconducting actively shielded high-resolution NMR magnet system. The
heart of this 950 MHz NMR magnet is a proprietary coil set made of about
100 miles of superconducting wire which is producing a 22.3 Tesla
magnetic field. The large magnet will allow scientists to investigate
the structure of bio-molecules and study their interactions with greater
resolution and sensitivity than ever before.
The 950 MHz magnet at the center of KAUST’s NMR facility will be
surrounded by other Bruker NMR spectrometers, ranging from 400 MHz for
chemistry up to an actively-shielded 850 MHz widebore magnet for
solid-state NMR. All Bruker NMR systems ordered will include the Bruker
next-generation Avance™ III NMR console, which incorporates
second-generation (2G) digital receiver (DR) technology for a
significant further improvement in NMR detection fidelity. This 2G-DR
technology and Bruker’s leading NMR probe and CryoProbe™ technology
provide a new level of performance for demanding NMR experiments in
structural biology, chemistry and material sciences.
The broad range of NMR systems ordered will enable KAUST to offer
leading-edge capabilities for NMR research to its scientists and
academic partners. Installation of these NMR systems is expected to
begin in 2009 and to continue into 2010, with many of them targeted to
be operational for the planned opening of KAUST in September 2009.
“We look forward at KAUST to exploit the advanced capabilities of the
NMR systems manufactured by Bruker,” stated Dr. Mohamed E. Samaha,
interim VP for Research at KAUST. “These systems will be utilized to
expand the boundaries of the scientific knowledge. They are an integral
constituent to realize King Abdullah’s vision and our overall plans to
build one of the world’s leading scientific research institutions for
the prosperity and development of Saudi Arabia and the world.”
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(NASDAQ: BRKR), please visit www.bruker-biospin.com
and www.bruker.com.
CAUTIONARY STATEMENT
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995. Any
forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and uncertainties.
The factors that could cause actual future results to differ materially
from current expectations include, but are not limited to, risks and
uncertainties relating to the integration of businesses we have acquired
or may acquire in the future, changing technologies, product development
and market acceptance of our products, the cost and pricing of our
products, manufacturing, competition, dependence on collaborative
partners and key suppliers, capital spending and government funding
policies, changes in governmental regulations, intellectual property
rights, litigation, and exposure to foreign currency fluctuations. These
and other factors are identified and described in more detail in our
filings with the SEC, including, without limitation, our annual report
on Form 10-K for the year ended December 31, 2007, our most recent
quarterly reports on Form 10-Q and our current reports on Form 8-K. We
disclaim any intent or obligation to update these forward-looking
statements other than as required by law.