Solectron (NYSE:SLR)
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Solectron Corporation (NYSE:SLR), a leading provider of integrated
electronic supply chain services including design, manufacturing and
aftermarket services, has finalized an agreement with CSA Medical to
manufacture the company’s CryoSpray AblationTM
system. Following eight years of invention, testing, product development
and clinical trials, CSA Medical’s CryoSpray
Ablation system is rolling off the assembly line at Solectron’s
Charlotte, N.C. manufacturing facility.
Based in Baltimore, MD, CSA Medical developed the CryoSpray Ablation
system, which freezes and destroys unwanted tissues found in the
esophagus, which, according to various reports arises from chronic acid
reflux. Peer-reviewed research estimates 65 million U.S. citizens suffer
from this condition. The 10 to 20 minute procedure uses a catheter to
transport and spray liquid nitrogen under low pressure through an
endoscope to freeze the tissue.
Solectron's integrated supply chain services and medical manufacturing
capabilities enable CSA Medical to accelerate time-to-market without
making costly infrastructure investments. In addition to manufacturing
the CryoSpray Ablation system, Solectron manages orders and ships
directly to CSA Medical customers. CSA Medical and Solectron have worked
together since August 2006 to establish an optimized Lean supply chain
and manufacturing process.
“We needed a contract manufacturing partner
with deep medical device expertise, complex systems mastery, and
end-to-end manufacturing and supply chain capabilities," said Freddy
Cannady, vice president, Operations, CSA Medical. "Solectron met this
criterion, and has been, and will continue, to be a valued partner
throughout this process.”
“CSA Medical’s
CryoSpray Ablation System is an innovative approach to treating patients
with esophageal diseases, and we’re proud to
partner with them to help bring this product to market," said Dave
Busch, vice president, medical, Solectron. “Medical
device firms are under tremendous pressure to quickly develop high
quality products that meet physician and patient needs. Solectron is
able to provide customers like CSA Medical with the supply chain
expertise and the manufacturing flexibility that their complex products
require in a rapidly changing clinical environment.”
“Solectron truly lives a Lean Six Sigma
culture. This has made it easier to integrate our world-class product
with a contract manufacturer that maintains compliance with stringent
U.S. and international regulatory requirements, and utilizes highly
efficient and precise continuous flow techniques. In my experience, few
do this well,” added Cannady. “We
needed a contract manufacturer who could provide one-stop support and
complete system-level integration. We utilized Solectron’s
packaging and testing site in Columbia, S.C. to design our ’green’
packaging to ensure our product arrives safely anywhere in the world and
can be cycled back to manufacturing for continuous reuse.”
Safe Harbor
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, including, but not
limited to, the successful manufacture and distribution of the CryoSpray
Ablation system. These forward-looking statements involve a number of
risks and uncertainties, and are based on current expectations,
forecasts and assumptions. Actual outcomes and results could differ
materially. These risks and uncertainties include: unanticipated
challenges relating to manufacturing medical products; supply chain
management and logistics issues; product issues or problems relating to
the design of the product; business disruptions; the present and future
strength of the worldwide economy overall, and the market for this
medical product in particular; variations in demand forecasts and
orders; and our ability to retain key personnel. For a further list and
description of risks and uncertainties, see the reports filed by
Solectron with the Securities and Exchange Commission. Solectron
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About CSA Medical
CSA Medical, Inc. is committed to bringing the proven science of
cryotherapy to Endoscopy. The CSA™ System
allows therapeutic endoscopists to have the ability to quickly and
easily ablate unwanted tissue. The CSA™
System utilizes a patented, FDA cleared technology that regulates and
transports a low-pressure cryogen through a 7 French catheter that is
easily passed through a standard endoscope. This rapid delivery system
of repetitive freeze-thaw cycles has been shown in clinical studies to
ablate pre-cancerous and cancerous cells with subsequent re-growth of
normal esophageal epithelium. CSA Medical is privately held and
headquartered in Baltimore, Maryland (www.CSAmedical.com).
About Solectron
Solectron Corporation is one of the world’s
largest providers of complete product lifecycle services. We offer
collaborative design and new product introduction, supply chain
management, Lean manufacturing and aftermarket services such as product
warranty repair and end-of-life support to leading customers worldwide.
Solectron works with the world's premier providers of networking,
telecommunications, computing, storage, consumer, automotive,
industrial, medical, self-service automation and aerospace and defense
products. The company's industry-leading Lean Six Sigma methodology
(Solectron Production System™) provides OEMs
with quality, flexibility, innovation and cost benefits that improve
competitive advantage. Based in Milpitas, Calif., Solectron operates in
more than 20 countries on five continents and had sales from continuing
operations of $10.6 billion in fiscal 2006. For more information, visit
us at www.solectron.com.
Note: SOLECTRON and the Solectron logo are registered trademarks of
Solectron Corporation. The Solectron Production System, SPS, and
Solectron Supply Chain Solutions Suite are also trademarks of Solectron
Corporation. Other names mentioned are trademarks, registered trademarks
or service marks of their respective owners.