TriMas Corporation's Richards Micro-Tool Announces Key Business Developments
7/23/2010 8:34:22 AM
BLOOMFIELD HILLS, Mich., July 22 /PRNewswire-FirstCall/ -- TriMas Corporation (Nasdaq: TRS) a diversified global manufacturer of engineered and applied products today announced that its Richards Micro-Tool business completed several key business developments. Among them:
- Release of its proprietary MediDrill and MediMill product lines;
- Expanded medical and dental capabilities via purchase of production equipment from Surgical Reconstruction, Inc.;
- Obtainment of ISO 13485 medical certification
New Product Lines and Expanded Manufacturing Capabilities
Richards Micro-Tool has recently released a proprietary line of MediDrill and MediMill cutting instruments for orthopedic surgeries, with an initial emphasis on spinal surgery applications. The Company also recently purchased Swiss turning machines and other production equipment from Surgical Reconstruction, Inc. The addition of Swiss turning machines to Richards Micro-Tool's existing equipment base is well suited for supplying cutting instruments and other devices to the medical and dental markets. Additional information on the new products can be found at www.richardsmicrotool.com.
Successful ISO 13485 Audit
Richards Micro-Tool recently completed an initial ISO 13485 audit; the audit's favorable findings mean the Company is now ISO 13485 certified. ISO 13485 represents the standard for establishing and maintaining a comprehensive management system for the design and manufacture of medical devices. Obtaining the ISO 13485 certification is an important step in solidifying Richards Micro-Tool's position as a critical supplier to the medical and dental markets.
"We are extremely pleased to be making these announcements today," said Richards Micro-Tool President, Eli Crotzer. "As demonstrated by the release of our new MediDrill and MediMill product lines, purchase of additional production equipment and the successful ISO 13485 certification audit, we are fully committed to expanding our capabilities as they relate to medical and dental cutting instruments. Richards Micro-Tool will expand capabilities to service the medical and dental markets as we seek to partner with the most progressive medical and dental OEMs in the industry."
About Richards Micro-Tool, Inc.
Richards Micro-Tool (RMT) is the leading manufacturer of precision standard and special microcutting tools for medical and industrial applications. Since its inception, RMT has provided engineered solutions to cutting tool challenges. Leading edge grinding and inspection technologies produce exacting geometries with superior finishes. Medical products manufactured by RMT include drills, taps, reamers and burrs.
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (Nasdaq: TRS) provides engineered and applied products for growing markets worldwide.TriMas is organized into five strategic business segments: Packaging, Energy, Aerospace & Defense, Engineered Components, and Cequent. TriMas has approximately 3,900 employees at more than 60 different facilities in 11 countries. For more information, visit www.trimascorp.com.
SOURCE TriMas Corporation