Corporate | 24 June 2008 12:22
ECKERT & ZIEGLER Strahlen- und Medizintechnik AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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Valenica, California, USA, June 24, 2008 - Eckert & Ziegler Isotope
Products (EZIP) has successfully launched a new range of high-integrity
sealed radiation sources designed for the oil well logging community. These
sources, which emit neutrons used to detect and measure oil reserves, are
technically complex products used in exceptionally harsh environments.
Eckert & Ziegler Isotope Products’ new designs have class-leading
temperature and pressure ratings that exceed both the industry standards
and the performance offered by existing conventional products.
Since launching these products early in 2008, Eckert & Ziegler Isotope
Products has won numerous supply contracts, whose total value exceeds $5M.
Customers – typically specialist equipment manufacturers or well logging
companies - are located throughout North America and Asia. Future demand is
expected to be strong and interest in the new product range is growing
rapidly.
'We are very excited about this extension of our product line that support
the petroleum exploration industry', states EZIP President & CEO Frank
Yeager. 'This represents a significant financial investment in order to
commission new state of the art facilities, and to provide sufficient
manufacturing capacity to meet the industries needs. For many years the
industry has suffered from inadequate global manufacturing capacity and
Eckert & Ziegler Isotope Products’ new supply initiatives have been very
well received by the oil industry.'
Eckert & Ziegler’s new line of oil well logging sources can be customized
to meet a customer’s specific needs and equipment constraints. EZIP sells
its products through various distribution channels, including direct to
end-users, via a network of international distributors in over 30 countries
and in partnerships with original equipment manufacturers.
About Eckert & Ziegler Isotope Products
For over forty (40) years, Eckert & Ziegler Isotope Products, (a subsidiary
of Eckert & Ziegler AG) has been producing instrumentation and calibration
standards. Today it is the world's leading manufacturer for nuclear
imaging reference and calibration standards and a leading producer of
radioactive components for industrial, scientific and medical applications.
Eckert & Ziegler AG is a global isotope technology company that processes
radioisotopes as well as develops, manufactures and sells isotope
technology components, medical technology equipment and related products.
Eckert & Ziegler employs over 430 people worldwide. Throughout all of its
subsidiaries it generates yearly consolidated revenues in excess of $ 83
MM(54 Mio. EUR). Eckert & Ziegler AG is listed in the Prime Standard of
the German Stock Exchange in Frankfurt am Main (ISIN DE0005659700).
The Executive Board
For further information, please contact:
Eckert & Ziegler Isotope Products Inc.
24937 Avenue Tibbitts
Valencia, California 91355
T: 661.309.1010
F. 661.257.8308
Media contact:
Richard Hunter
T: 661.309.1010
E : richard.hunter@ezag.com
Alternate European contact:
Eckert & Ziegler Isotope Products GmbH
Robert-Roessle-Strasse 10
D-13125 Berlin-Buch
Germany
T: +49 (0) 30.94.10.84.0
F: +49 (0) 30.94.10.84.320
E: martin.hughes@ezag.com
24.06.2008 Financial News transmitted by DGAP
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Language: English
Issuer: ECKERT & ZIEGLER Strahlen- und Medizintechnik AG
Robert-Rössle-Str. 10
13125 Berlin
Deutschland
Phone: +49 (0)30 941 084-0
Fax: +49 (0)30 941 084-112
E-mail: thomas.scheuch@ezag.de
Internet: www.ezag.de
ISIN: DE0005659700
WKN: 565970
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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