Minnetronix Receives Medical Technology Award at the 2008 Tekne Awards

October 31, 2008

ST. PAUL, Minn. October 31, 2008 — Minnetronix, Inc. has been named the small & growing company recipient of the Medical Technology Award at the 2008 Tekne Awards, which were held at the Minneapolis Convention Center on Oct. 30. The Tekne Awards honor superior technology advancement and leadership in Minnesota.

Minnetronix is a medical device design and manufacturing firm located in St. Paul, Minn., where medical device companies, large and small, are thriving and continue to drive advancements in medical applications. Beginning as a three person start-up in 1996, Minnetronix continues its strong growth and increasing success today currently employing over 135 people and working on over 30 projects for firms worldwide.

“Minnetronix is honored and privileged to be recognized by such a widely respected organization as the Minnesota High Tech Association (MHTA),” said Rich Nazarian, Minnetronix president and CEO. “We thank the Tekne judges and the MHTA board for their hard work on behalf of technology and technology education in Minnesota. It’s organizations like MHTA and its contributors that help keep the technical community in our state vital and we appreciate their identification of Minnetronix as a growing medical technology company.”

The Tekne Awards, presented by MHTA in partnership with Enterprise Minnesota and LifeScience Alley, annually recognizes Minnesota’s leading technology users and innovators. Tekne Award recipients represent a collection of industry leaders advancing Minnesota’s status as a hub for technology innovation.

“This year’s recipients are outstanding examples of innovation and leadership,” said Kate Rubin, president, MHTA. “Minnetronix is helping to secure Minnesota’s place as a center of innovation in the global economy.”

Judges selected one recipient out of three finalists in each of the 17 Tekne Awards categories recognizing the best and brightest in development, education, commercialization, and management of technology. Company awards included separate categories for small and growing businesses (with annual revenues under $50 million) and established businesses (with annual revenues of $50 million or more).

A list of 2008 Tekne Award recipients and finalists is available online at www.tekneawards.org.

About Minnetronix

Minnetronix is a medical device outsourcing company, specializing in the design, manufacturing and support of electronics-based medical devices. Minnetronix’ experienced engineers and manufacturing teams provide expertise on a wide range of Class II and Class III medical equipment, such as cardiovascular systems, point-of-care diagnostic instruments, therapeutic devices, implantable devices, and monitoring equipment. Minnetronix has completed over 130 development and manufacturing projects for more than 85 different medical device companies that range in size from small start-ups to large established firms. Minnetronix is ISO 13485:2003-certified and is an FDA-registered contract manufacturer.

About Minnesota High Tech Association

The Minnesota High Tech Association (MHTA) accelerates the growth, sustainability and global competitiveness of Minnesota’s technology-based economy through public policy advocacy, member collaboration and education, and community outreach. MHTA is the only membership organization that represents Minnesota’s entire technology-based economy. MHTA members include organizations of every size − involved in virtually every aspect of technology creation, production, application and education in Minnesota. MHTA works in partnership with AeA, which represents Minnesota’s technology organizations nationally. Find out more online at www.mhta.org.