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New
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news release:
Varian, Inc. to Build New
World-Class Information Rich Detection Center in Walnut Creek, California
Palo Alto, CA, 25 April 2007:
Varian, Inc. (NasdaqGS:
VARI) today announced plans to build a world-class Information Rich
Detection (IRD) center to optimize the development and assembly of nuclear
magnetic resonance (NMR) and mass spectrometry products in Walnut Creek,
California.
Merging its NMR and mass spectrometry expertise
into this single location capitalizes on the combined capabilities to develop
innovative IRD solutions that are more powerful, complementary, and
user-friendly. Underscoring Varian's commitment to IRD and the benefits that a
combined location and organization will provide, the Company will invest in a
brand new 45,000 square foot facility in Walnut Creek and a substantial remodel
of an existing building there. The new campus will house a demonstration lab
where customers can experience first hand the performance of Varian's entire
suite of products in a single location. The new IRD Center is expected to open
in late 2008.
"This project is part of our continuing
initiative to be a leading supplier of Information Rich Detection products,"
said Martin O'Donoghue, Senior Vice President, Scientific Instruments, Varian,
Inc. "The new facility will enable us to develop and manufacture new generations
of NMR and mass spec instruments more quickly and efficiently. Our investment in
a world-class demonstration and application lab will also allow us to provide
our North American customers with enhanced application expertise in both NMR and
mass spec."
In keeping with the Company's efforts to increase
the geographic efficiencies of its global operations, the facility will also
house Varian's North American administration center and Scientific Instruments
management team. Varian's corporate headquarters will remain in Palo Alto,
California, along with a technology center focused on NMR research and software
development.
Varian, Inc. is a leading worldwide supplier of
scientific instruments and vacuum technologies for life science and industrial
applications. The company provides complete solutions, including instruments,
vacuum components, laboratory consumable supplies, software, training and
support through its global distribution and support systems. Varian, Inc.
employs approximately 3,800 people and operates manufacturing facilities in 13
locations in North America, Europe and Asia Pacific. Varian, Inc. had fiscal
year 2006 sales of $835 million, and its common stock is traded on the NASDAQ
Global Select Market under the symbol, "VARI". Further information is available
on the company's Web site:
http://www.varianinc.com.
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