WALTHAM, Mass., Feb. 17 /PRNewswire-FirstCall/ -- Thermo Electron Corporation , the world leader in analytical instruments, today announced that it has been named "2005 Company of the Year" by Instrument Business Outlook (IBO). The award recognizes Thermo Electron's market leadership, strong financial and operational performance and outstanding technical contributions to the analytical and scientific instrumentation market in 2005.
IBO is published by Strategic Directions International, a recognized source for business intelligence for the analytical and life science market. The Company of the Year award credits Thermo with successfully meeting the evolving demands of the life science industry through its strategic investments in services and lab equipment, the expansion of its mass spectrometry portfolio and refined strategy targeted at emerging markets.
"At a time when many instrument companies are adjusting to the realities of the life science market, seeking to enter faster growing markets and technology segments, and trying to leverage further their size and operational efficiencies, Thermo has already met these challenges," states IBO's annual review. "During the year, the company capitalized on its diversified end-user markets by targeting growing applications and key regional investments. The company utilized its broad portfolio to create integrated solutions, launch a steady flow of new products, increase its sales to key customers and build its service business."
Throughout the year, Thermo significantly increased its ability to serve laboratory customers by introducing breakthrough technologies, as well as through strategic acquisitions and geographic expansion. As highlighted in IBO's review, Thermo's LTQ(TM) Orbitrap(TM) hybrid mass spectrometer was the first new mass analyzer to be introduced to the market in over 20 years. Thermo became the world's largest supplier of laboratory equipment with its acquisition of Kendro Laboratory Products, and as the review points out, Thermo's recent facility openings in Shanghai, China and Mumbai, India have only increased the company's global presence.
"We are honored that IBO has recognized the significant milestones that Thermo reached in 2005," said Marijn Dekkers, president and CEO of Thermo. "As the world leader in analytical instruments, it is our mission to continue to meet the evolving needs of our customers. Our achievements in 2005 give us great momentum going into 2006, as we work to provide leading-edge technology and world-class service that will help our customers in their efforts to make the world a healthier, cleaner and safer place."
The entire IBO report can be found at http://www.thermo.com.
About Thermo Electron Corporation
Thermo Electron Corporation is the world leader in analytical instruments. Our instrument solutions enable our customers to make the world a healthier, cleaner and safer place. Thermo's Life and Laboratory Sciences segment provides analytical instruments, scientific equipment, services and software solutions for life science, drug discovery, clinical, environmental and industrial laboratories. Thermo's Measurement and Control segment is dedicated to providing analytical instruments used in a variety of manufacturing processes and in-the-field applications, including those associated with safety and homeland security. For more information, visit http://www.thermo.com.
Media Contact Information: Investor Contact Information: Lori Gorski Kenneth J. Apicerno Phone: 781-622-1242 Phone: 781-622-1111 E-mail: lori.gorski@thermo.com E-mail: ken.apicerno@thermo.com Website: http://www.thermo.com
Thermo Electron CorporationCONTACT: Lori Gorski, +1-781-622-1242, lori.gorski@thermo.com, or KennethJ. Apicerno, +1-781-622-1111, ken.apicerno@thermo.com, both of Thermo
Web site: http://www.thermo.com//
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