Saint Paul-Based Minnetronix Expands Its Facility; Expansion Will Double the Medical Device Engineering and Manufacturing Firm’s Capacity and Maintain Quality Job Growth in Saint Paul
ST. PAUL, Minn–Nov. 2, 2005–To meet increasing demand for its medical device contract design and manufacturing business, Minnetronix today announced the expansion of its St. Paul, Minn. facility. Construction will begin in December 2006 and Minnetronix expects to be utilizing the new facility by July 2006. Minnetronix will continue full operations during the expansion.
The 24,500-square-foot addition will more than double Minnetronix’ current space, located at 1635 Energy Park Drive in St. Paul, and allow the company to continue to add quality jobs in St. Paul.
“Minnetronix’ rapid growth enables us to expand at this time,” says Richard Nazarian, president and CEO of Minnetronix. “We’ve always preferred to stay in the central Twin Cities region, and this expansion will allow us to continue our growth within Saint Paul and extend our commitment to this community.”
Minnetronix serves the growing medical device market by specializing in contract design and manufacturing for electronics and software-based devices. The medical device business is a $176 billion business worldwide. Approximately $8 billion of that market is handled by U.S. companies, such as Minnetronix, that provide development and manufacturing services to medical device manufacturers via domestic outsourcing. Device companies large and small are increasingly partnering with specialized firms like Minnetronix for development and manufacturing processes that extend or strengthen their areas of core competency.
Minnetronix serves clients coast to coast within the United States, including St. Jude Medical, Possis, Medtronic, 3M, CardioFocus, Orqis Medical, Terumo, Arrow International and the Cleveland Clinic.
Minnetronix was established in 1996 when Richard Nazarian, Jonathan Pierce and Dirk Smith left 3M to start a medical device-focused engineering company, adding manufacturing capabilities the next year. Nine years later, Minnetronix is a 90-employee company projecting continued growth.
Minnetronix is a contract design and manufacturing company, focused exclusively on software and electronics-based medical devices. Minnetronix provides expertise on equipment such as therapeutic devices, diagnostic instruments, cardiovascular devices, monitoring equipment and implantable devices. For more information about Minnetronix, visit www.minnetronixmedical.com.