Integrated Sensing Systems,
Inc. (ISSYS), a leader in advanced MEMS technologies for medical devices,
microfluidic and scientific analytical sensing applications, and Endress+Hauser
Flowtec AG, a global leader in the provision of flow measuring technology for
industrial process engineering, announced that they have entered into a strategic
partnership. The objective of this partnership is to collaboratively develop
and commercialize advanced sensing fluidic products based on ISSYS' cutting-edge
MEMS (Micro-Electro-Mechanical-Systems) technology.
The partnership is comprehensive and will maximize the strengths of the two
companies. Targeted markets include both the traditional industrial process
industries and as well as emerging process and OEM applications that demand
novel, high performance measurement capabilities.
In attendance from Endress+Hauser were Mr. Klaus Endress, the CEO of the Endress+Hauser
Group, Dr. Gerhard Jost, the Managing Director of Endress+Hauser Flowtec and
Mr. Joerg Herwig, a Director at Endress+Hauser Flowtec. Also attending and speaking
at the event were Michigan State Senator Elizabeth Brater, State Representative
Alma Wheeler-Smith and the Vice President of the Michigan Economic Development
Corporation Ned Stabler.
Dr. Nader Najafi, ISSYS CEO, stated that "There is a great synergy among
ISSYS' highly-enabling MEMS sensing technology and Endress+Hauser's expertise
in manufacturing and international sales and marketing. Such a strategic partnership
will expedite the introduction of novel products with unprecedented performance
within broader emerging markets. We appreciate the minority share that Endress+Hauser
has acquired in ISSYS and look forward to working together."
"This collaboration with ISSYS fits very well with Endress+Hauser's strategy,
and our company's long history of continuously adapting our offering to meet
our customers' requirements," said Mr. Klaus Endress.
"Our technology partnership will allow us to broaden our product offering
and market presence by bringing disruptive innovation to the forefront, enabling
our customers to address unmet measurement needs," said Dr. Gerhard Jost.