DSM Venturing, the corporate venturing unit of Royal DSM N.V., today announced
that it has made an equity investment in Harland Medical Systems, Inc., an
emerging US company that is marketing technologies and solutions in medical
coating applications. This is DSM’s third investment in a biomedical company
in the last twelve months, broadening DSM’s window on developments in this
area even further.
Leveraging its expertise in the development of advanced coating automation
systems and testing instruments for coated devices, Harland Medical Systems
has established an integrated coating services division for customers who wish
to outsource their medical device coating development and production
activities. Jon Anderson, CEO of Harland: “Our customers see huge
value potential in Harland coating application services, as this high-value
added activity helps these medical device customers accelerate their time to
market and frees them to concentrate resources on their core activities.”
DSM and Harland Medical Systems will cooperate on customer-driven programs
using DSM’s proprietary hydrophilic coating technology and Harland’s automated
coating equipment and coating application services.
Following investments in MicroMuscle (electro-active polymers) and Oxford
Performance Materials (biomaterials), the investment in Harland further
underlines DSM’s innovation ambitions in the emerging business area (EBA)
Biomedical, which is an important element of DSM’s strategy
Vision 2010 – Building on Strengths. Steve Hartig, Vice President
DSM Biomedical: “Our cooperation with Harland is a valuable next step
in realizing our ambitions to become a leading player in the biomedical field.
I am pleased that – through our venturing department – we have managed to form
alliances with various start-up companies. These cooperations will be crucial
in shaping the biomedical innovations of the future.”
DSM Venturing
DSM Venturing is an active investor in emerging
companies and Venture Capital Funds in DSM’s strategic growth fields
Nutrition, Pharma and Performance Materials. DSM Venturing's mission is to
explore emerging markets and technologies in these strategic growth fields in
order to enhance DSM's product portfolio and create value. DSM Venturing also
plays an active role in the development of several new DSM business
opportunities in the so-called emerging business areas Biomedical, Industrial
(White) Biotechnology, Specialty Packaging and Personalized Nutrition. For
more information about DSM Venturing see
www.dsm venturing.com.
Harland Medical
Harland Medical Systems, Inc. is a privately
held company headquartered in Eden Prairie, Minnesota USA. The company was
founded in late 2002. Harland’s current team includes a great blend of
experience in automation system design, medical device manufacturing and
surface modification applications. This combination provides Harland with a
unique position to serve its medical coating customers. Harland’s vision is to
continue developing and leveraging its process knowledge of coating
applications in order to provide value-added services to its customers as they
move their projects from the lab into production. For more information visit
www.harlandmedical.com.