HEI, Inc. Signs Supply Agreement With GE Healthcare for Oximetry and Respiratory Gas Products and Acquires Assets to Support the Transition
HEI, Inc. (Nasdaq: HEII) ( http://www.heii.com ) today announced that its Advanced Medical Operations based in Boulder, Colorado has secured an exclusive contract with GE Healthcare for the manufacturing and order fulfillment of its oximetry and respiratory gas products and accessories. GE Healthcare recently acquired the product line from Datex Ohmeda. HEI will acquire certain of the Datex Ohmeda assets and inventory from GE Healthcare to support the transition to HEI, Inc.
HEI will manufacture, inventory, and provide direct shipments to GE Healthcare’s customers of all service kits and accessories related to their oximetry devices and respiratory gas products. The scope of the contract is estimated at several million dollars per year for three years, with the potential for future expansion.
“We are very happy to reach this long-term contract with GE Healthcare,” stated Mack Traynor, President and CEO of HEI, Inc. “We feel our lean-flow, Customer Demand-Based Manufacturing, our fulfillment capabilities and our organizational culture that focuses on our customers’ customers ultimately solidified the agreement.”
HEI, Inc. designs, develops and manufactures microelectronics, subsystems, systems, connectivity and software solutions for OEMs engaged in the medical equipment and medical device, hearing, communications and Industrial markets. HEI provides its customers with a single point of contact that can take an idea from inception to a fully functional, cost effective and manufacturable product utilizing innovative design solutions and by the application of state-of-the-art materials, processes and manufacturing capabilities.
Headquarters & Microelectronics Operations — PO Box 5000, 1495 Steiger Lake Lane, Victoria, MN 55386
Advanced Medical Operations — 4801 North 63rd Street, Boulder, CO 80301
High Density Interconnect Operations — 610 South Rockford Drive, Tempe, AZ 85281
RF Identification and Smart Card Operations — 1546 Lake Drive West, Chanhassen, MN 55317
