Newly Formed Subsidiary Becomes MediCapture Asia, Inc.
PLYMOUTH MEETING, PA (June 30, 2008) – MediCapture Inc., a leading manufacturer of medical video recording solutions, announced today that it has expanded its design and manufacturing capabilities by acquiring Pentagon Technologies, Ltd. and Pentagon Research, Ltd. A new and wholly-owned subsidiary, MediCapture Asia, Inc. has absorbed the engineering and operations staff of Pentagon Research, as well as the manufacturing facility and staff of Pentagon Technologies. This new subsidiary will continue its current operations as a leading video and electrical design house. The senior management team and the staff will remain with MediCapture Asia, Inc.
“This acquisition will help MediCapture continue our remarkable growth and increase our product offering beyond the USB200 medical video recorder,” said Michael Bishop, the Company’s President and CEO. “Our growing portfolio of medical video products, current design work on High Definition video recorders and our need to expand manufacturing capacity makes this purchase an ideal solution at the right time.”
Since its inception in 2002, MediCapture has worked with both Pentagon companies. In 2003 MediCapture entered the medical device market with the introduction of the USB100, a revolutionary still image device that surpassed the capabilities of the existing medical market’s CD and DVD recorders. By offering image capture via a USB interface, MediCapture revolutionized the market and made image and video capture easy and affordable for surgical centers around the world. Pentagon Research was responsible for a majority of the electrical design for these products and later, Pentagon Technologies took on the manufacturing of all MediCapture products.
“We are very excited about the future of MediCapture Asia,” commented Alexander Yurusov, Pentagon’s President and Founder. “We have seen first hand the worldwide acceptance of MediCapture products, now distributed in over 40 countries. We are proud to become part of this family and excited to now devote 100% of our time to the growth of MediCapture.”
Mr. Bishop added, “The companies have a long history of cooperation and trust. We have been a family in spirit for many years. This purchase makes it official, but more importantly, it allows us to work together even more closely as a we develop our next generation of products.”
About MediCapture Inc.
MediCapture Inc. is a leading manufacturer of digital medical video recorders that are marketed by the world’s largest endoscope and surgical microscope manufacturers. The Company’s product portfolio consists of easy-to-use and affordable video recording devices that allow surgeons to capture digital video and still images from virtually any existing medical imaging device. For more information on MediCapture and its products, visit its web site at medicapture.com.
About Pentagon Research, Ltd. and Pentagon Technologies, Ltd.
Pentagon Research, Ltd., now operating as MediCapture Asia, Inc. is a leading video and electrical design house. With over 30 high quality consumer, industrial and medical video products on the market today, Pentagon Research is a recognized leader in state-of-the-art video design. Headquartered in Taipei, Taiwan, Pentagon Technologies owns and operates a modern manufacturing facility that produces leading medical and industrial products for world leading OEM customers.