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Laserage Acquires Majority Interest In California Based Turn-Key Medical Device Contract Manufacturer

Laserage Expands Into Full Service Medical Device Manufacturing

WAUKEGAN, IL. (December 4, 2012) – Laserage Technology Corporation, a global contract manufacturing source for precision laser processing, is pleased to announce the acquisition of a majority interest in Venta MedicalSM, a turn-key medical contract manufacturer located in Silicon Valley California.

The Laserage executive team, together with the founders of Venta MedicalSM, see this as an opportunity to accelerate their growth in the medical contract manufacturing marketplace. Laserage views the partnership as a strategic move strengthening its contract manufacturing capabilities and an opening for further geographic penetration in the medical device market.

"This is an opportunity for Laserage to enhance our existing service offerings, while establishing a California presence to serve the critical needs of emerging companies in the medical technology arena." stated Steve Capp, Laserage President and CEO. "This also increases Laserage’s ability to provide more comprehensive, locally based services, including cleanroom assembly, to our many existing California customers."

"Laserage's participation allows Venta to expand its supply chain service offerings, which already includes plastics, through our existing strategic alliance with Delta Pacific (www.deltapacificinc.com)," said Karl Im, Co-Founder and CEO of Venta MedicalSM. "This also reinforces the continued emphasis of Venta to be the most comprehensive manufacturing service provider in the market, and leverages the resources of Laserage to expand our national presence."

This announcement of majority interest acquisition is also being released today at the BIOMEDevice show in San Jose, CA. For more information about Laserage Technology or Venta MedicalSM, please visit our websites at www.laserage.com or www.ventamedical.com, or stop by (Laserage, Booth #1338 and Venta MedicalSM, Booth #1339). 

About Laserage Technology Corporation Inc.

Laserage Technology Corporation, a privately held corporation founded in 1979, is an ISO:13485-2003 registered, global precision laser contract manufacturer servicing the medical device, aerospace and industrial business to business arenas.

Laserage is a value added outsourcing partner in R&D, pilot production, and volume production stages of medical device development and manufacturing, delivering unsurpassed customer service and quality components to the medical device community. Product capabilities include medical implants, components, and medical instruments.

About Venta MedicalSM Inc.

Venta MedicalSM is a turn-key, medical device contract manufacturer providing comprehensive manufacturing services to medical and life science companies. Venta MedicalSM provides full service manufacturing solutions (planning, procurement, production and distribution) to established OEMs and start-ups.