CLARENCE, N.Y., Jun 10, 2010 (BUSINESS WIRE) --Greatbatch Medical announced today that it has been selected by St. Jude
Medical as the exclusive partner for filtered feedthroughs used in
cardiac rhythm management devices.
The agreement, which becomes effective July 1, 2010, and extends through
2017, provides St. Jude Medical with dependable technology solutions in
a cost-effective manner. As part of the arrangement, the St. Jude
Medical Cardiac Rhythm Management Division awards Greatbatch Medical 100
percent share of its feedthrough and filtering business as well as 80
percent share of its implantable pulse generator MRI filtered
feedthrough demand.
"Our long-standing partnership with St. Jude Medical is a testament to
our ability to provide reliable, innovative products for the last 40
years," said Mauricio Arellano, senior vice president, cardiac &
neurology, Greatbatch Medical. "We are very excited to further solidify
our relationship with St. Jude Medical and help them bring their
advanced solutions to market."
Greatbatch Medical and St. Jude Medical have additional agreements
pertaining to other products and systems. Those contracts remain in
place and have not been impacted by this agreement.
About Greatbatch Medical
Greatbatch Medical is part of the Greatbatch, Inc. (NYSE:GB) family of
brands. Greatbatch Medical is committed to the design and manufacture of
critical technologies used in medical devices for the cardiac rhythm
management, neuromodulation, vascular access and orthopaedic markets. To
learn more about Greatbatch Medical, please visit www.greatbatchmedical.com.
About St. Jude Medical
St. Jude Medical develops medical technology and services that focus on
putting more control into the hands of those who treat cardiac,
neurological and chronic pain patients worldwide. The company is
dedicated to advancing the practice of medicine by reducing risk
wherever possible and contributing to successful outcomes for every
patient. St. Jude Medical is headquartered in St. Paul, Minn. and has
four major focus areas that include: cardiac rhythm management, atrial
fibrillation, cardiovascular and neuromodulation. For more information,
please visit sjm.com.
SOURCE: Greatbatch Medical
Greatbatch Medical
Kathryn Tarquin, 716-759-5540
ktarquin@greatbatchmedical.com