FOR IMMEDIATE RELEASE
Contact: Anne-Marie Wright, Merit® Medical Systems, Director of Corporate Communications, (801) 208-4167
David Tietjen, Merit Sensor Systems™, Sales and Marketing,
MERIT SENSOR SYSTEMS
ACHIEVES RECORD REVENUES
SANTA CLARA, CA – Merit Sensor Systems, Inc., a leader in component-level piezoresistive pressure sensor solutions, announced record-breaking revenues today.
“We are pleased to announce that for the quarter ended June 30, 2004 revenues of Merit Sensor were the highest quarterly figures ever posted in the history of the subsidiary,” said Fred Lampropoulos, Chairman and CEO of Merit Medical Systems, Inc. “Merit Sensor’s second quarter revenues beat the highest previous quarter’s revenues (Q3 ’03) by 20%.”
Consistent with prior practice, Merit Medical Systems, Inc. does not report separate, detailed financial performance figures for Merit Sensor Systems or any other divisions.
“We are delighted that our new and existing customers are responding favorably to our new growth initiatives,” said Diana Upp, President of Merit Sensor Systems. “This milestone is a vote of confidence that we are adding tangible customer value in the marketplace.”
About Merit Sensor Systems, Inc.
Merit Sensor Systems, Inc. partners with
customers to design, fabricate, assemble and package reliable, cost-effective
pressure sensor solutions for automotive, medical, industrial, aviation,
defense and consumer applications. Merit
Sensor Systems is currently located in
About Merit Medical Systems, Inc.
Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical products used in interventional and diagnostic procedures, particularly in cardiology and radiology. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 75 individuals. Merit employs approximately 1,260 people worldwide, with manufacturing facilities in South Jordan, Utah; Santa Clara, California; Angleton, Texas; and Galway, Ireland (www.merit.com; 801-253-1600; NASDAQ: MMSI).