ST. PAUL, Minn. & CLARENCE, N.Y.--(BUSINESS WIRE)--Greatbatch, Inc. (NYSE:GB) and St. Jude Medical, Inc. (NYSE:STJ) today announced that the Parties have entered into an amended supplier partnering agreement. This amendment, which becomes effective March 1, 2007, extends the current agreement through 2013 and establishes Greatbatch as the exclusive supplier of battery technology and the critical supplier of filtered feedthrough technology to St. Jude Medical. Additionally, the amendment provides for year over year price reductions on both technologies through collaboration on manufacturing and supply chain efficiencies. The parties have also agreed to jointly develop new technologies, including the introduction of a new low cost power solution to support future market requirements with an implementation date of no later than 2009.
