Triple Ring
Technologies and Aubrey Group Announce Strategic Partnership
PALO ALTO, CA –
October 2, 2007 Triple Ring Technologies, a Palo Alto-based
provider of early-stage advanced research and development services, and Aubrey Group, Inc., a Southern California
contract engineering and manufacturing firm specializing in the development of medical
devices, today announced a strategic partnership. This agreement will allow the
two organizations to offer a full range of technology development services from
concept through manufacturing to startup, early-stage, and established medical
device and life sciences companies.
Through the strategic partnership, the two organizations
will be able to provide medical device and life science companies with a
coordinated, seamless transfer between phases of a development project, reducing
risk, and speeding time to market. The partnership will ensure that proper
focus is given to critical issues throughout the project, and eliminate the
chance for miscommunications that often occur between non-coordinated
development teams during project handoffs. Both companies have extensive
startup experience. Triple Ring delivers best-of-breed technical capabilities, including
systems engineering, physics, optics, data analysis and algorithm development, while
Aubrey Group provides extensive experience in the design and manufacture of
electromechanical, implantable, disposable, and fluid processing products and
systems.
Together, the companies will offer a choice to medical
device entrepreneurs who want to get their company’s product to market quickly
without investing the time and resources to build a development team from
scratch. Such entrepreneurs can now work confidently with one entity on all
aspects of a development project, from building a prototype and clinical proof
of concept through the production of initial commercial units.
“We’ve been
looking for the company with the right values and capabilities to complement
Aubrey Group’s strengths,” according to Vytas Pazemenas, CEO of Aubrey Group. “Triple
Ring shares our commitment to a close working relationship with its clients and
our approach of using the talents of exceptionally creative, experienced
engineers to meet the challenges presented in developing exciting new products that
span a diverse set of medical device and biotech applications.”
Joe Heanue, President of Triple Ring, believes the strategic
partnership will provide significant leverage to companies who want to explore
a virtual business model. “Aubrey Group is a strong partner that allows us to
leverage our strengths farther down the development path and into
manufacturing. We’re excited by the depth of experience that Aubrey brings to
this partnership,” he said.
Added Adam Deitz, President and CEO of Ortho Kinematics,
Inc., a Triple Ring client, “This partnership provides a new, fresh alternative
for companies like ours. Most product development firms aren’t able to handle
early stage advanced development. With Triple Ring and Aubrey Group together,
we can work with one entity throughout the process without having to introduce
new players and bring them up to speed on our work.”
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About Aubrey Group
Founded in
1994, Aubrey Group, Inc. is located in
About
Triple Ring Technologies
Triple Ring Technologies is a
provider of advanced research and development services located in
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For more information, contact:
Triple Ring Technologies:
Joe
Heanue, President
(650) 331-3476x100
Aubrey Group:
(949) 581-0188 x223