St. Paul-Based Minnetronix Breaks Ground on Facility Expansion; Medical Device Engineering and Manufacturing Firm Doubles Size of Facility

December 7, 2005

ST. PAUL, Minn. Dec. 7, 2005–St. Paul-based Minnetronix, a medical device contract design and manufacturing company, broke ground today on a new 23,600-square-foot addition to its facility at 1635 Energy Park Drive. The construction project will more than double the current facility size, enabling the company to expand operations, better serve customers and add quality jobs in St. Paul. The expansion is expected to be completed by July 2006.

“We are thrilled that Minnetronix, a leader in the medical device industry, is committed to staying and growing in St. Paul,” said St. Paul Mayor Randy Kelly. “This expansion will provide St. Paul and the region with quality jobs and continued leadership in the medical device industry.”

“In the past 10 years, we expanded from a small start-up to a 90-person specialized product design and manufacturing company,” said Richard Nazarian, president and CEO, Minnetronix. “The new facility will help us continue to meet the needs of our customers and employees, providing us the space to carry on our rapid growth.”

Focusing 100 percent on the medical device industry, Minnetronix provides design, engineering, and manufacturing services to medical device companies, helping them to reduce their capital costs and increase their products’ speed to market. 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, 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.

About Minnetronix

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.