Triple Ring Technologies & Aubrey Group Announce Strategic Partnership
NEWARK, California, October 2, 2007 – Triple Ring Technologies, Inc., 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.”
About The Aubrey Group
Founded in 1994, Aubrey Group, Inc. is located in Irvine,
California, with a business development office in Northern
California. Aubrey Group employs a staff of 57, with more
than 40 engineers in its 43,000 sq. ft. facility. The
company provides services for the design and manufacturing
of electrochemical, electromechanical, and disposable
medical devices. They have developed ultrasound ablation
systems, RF ablation systems, blood pumps, DNA
identification systems, blood processing systems, and
ventricular assist systems. Services include product concept
development, systems engineering, electronic, software, and
mechanical engineering, industrial design, rapid
prototyping, FDA submission assistance, and contract
manufacturing. Aubrey Group has Class 100,000 clean room
facilities, three engineering laboratories, and a fully
equipped machining and fabrication lab. Aubrey Group is an
FDA-registered developer and manufacturer of medical devices
and is ISO 13485:2003 certified. The company website is
www.aubreygroup.com.
About Triple Ring Technologies
Triple Ring Technologies, headquartered in Newark, CA, is an
innovative research and development company that partners
with clients to deliver complex technical solutions. Founded
in 2004, Triple Ring’s team of scientists and engineers
provides leading edge, integrated technical design,
engineering, and business services. Clients include
entrepreneurs, established companies, and investors in the
medical device, life sciences, optics, clean technology, and
digital imaging fields.
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For more information, contact:
Joe Heanue
Triple Ring Technologies
510.592.3000
www.tripleringtech.com
Steve Maylish
Director Bus. Development and Planning
Aubrey Group.
949.581.0188 ext. 223
www.aubreygroup.com
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