Lakewood, Colorado, April 15, 2014 – Mesa Laboratories, Inc. (NASDAQ:MLAB) (we, us, our, “Mesa” or the “Company”) today announced the closing of the acquisition of substantially all (other than cash or accounts receivable) of the assets and certain liabilities of BGI Instruments, Inc. and BGI, Inc. (collectively “BGI”), both located in Waltham, MA.
The acquisition price for BGI consisted of cash consideration of $9,900,000, subject to a working capital adjustment. The acquisition of the BGI product line is expected to add approximately $6,500,000 to Mesa’s revenues and to be accretive to our diluted net income per share during the first twelve months.
BGI is an ISO 9001 accredited manufacturing company involved in developing the methods and equipment primarily used for particulate air sampling. BGI’s products are used in the industrial hygiene market to assess worker exposure in a variety of industries and for environmental air pollution studies and control. The primary products include air samplers, particle separators, pumps, sampling tubes, and gas flow calibrators. In the environmental field, BGI’s particle samplers were some of the first on the market and they were recognized early-on as “reference” samplers by the EPA.
“We are pleased to add the portfolio of BGI products to Mesa’s,” said
John J. Sullivan, President and CEO of Mesa. “BGI has an excellent reputation in aerosol sciences, owing to its 42 year history and the scientific contributions by its founder, Robert Gussman. This acquisition is synergistic with Mesa’s Bios line of gas flow calibrators, which are used extensively in calibration of air samplers used in both industrial hygiene and environmental monitoring. The combined Bios/BGI product lines will offer a more complete solution to Mesa’s existing customers and worldwide distributors.”
“The addition of BGI’s products to the plethora of Mesa’s existing product lines allows us to merge the pioneering flow measurement work of BGI with the Primary Standards approach of Bios,” added Bob Gussman, BGI’s co-founder. “The possibility presented by Mesa to combine our two teams is a unique opportunity for everyone involved. The chance to play such a leading role in an important health related measurement field is a reward granted to very few.”
About Mesa Laboratories, Inc.
We pursue a strategy of focusing primarily on quality control products, which are sold into niche markets that are driven by regulatory requirements. We prefer markets that have limited competition where we can establish a commanding presence and achieve high gross margins. We are organized into three divisions across seven physical locations. Our Instruments Division designs, manufactures and markets quality control instruments and disposable products utilized in connection with the healthcare, pharmaceutical, food and beverage, medical device, industrial hygiene, semiconductor and petrochemical industries. Our Biological Indicators Division manufactures and markets biological indicators and distributes chemical indicators used to assess the effectiveness of sterilization processes, including steam, gas, hydrogen peroxide and radiation, in the hospital, dental, medical device and pharmaceutical industries. Our Continuous Monitoring Division designs, develops and markets systems which are used to monitor various environmental parameters such as temperature, humidity and differential pressure to ensure that critical storage and processing conditions are maintained in hospitals, pharmaceutical and medical device manufacturers, blood banks, pharmacies and a number of other laboratory and industrial environments.
Forward Looking Statements
This press release may contain information that constitutes “forward-looking statements.” Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to revenue growth and statements expressing general views about future operating results — are forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and present expectations or projections. These risks and uncertainties include, but are not limited to, those described in our Annual Report on Form 10-K for the year ended March 31, 2013, and those described from time to time in our subsequent reports filed with the Securities and Exchange Commission.
CONTACT: John J. Sullivan, Ph.D.; President and CEO, or John Sakys; CFO, both of Mesa Laboratories, Inc., +1-303-987-8000
As more and more medical devices are developed, there is an ever increasing need to develop BIs that can be used to monitor the processes used to sterilize these intricate devices. If traditional BIs won’t work and these custom BIs aren’t created, the only alternative is to directly inoculate the devices and that presents a whole new set of challenges.
An existing customer approached us with a situation where they were trying to validate the sterilization of a very long, narrow lumen. No standard BI would fit in the narrow opening and the customer was not interested in direct inoculation. They were particularly interested in verifying that sterilization conditions were achieved throughout the entirety of the long lumen. In order to provide the customer with this information, a 48-inch polyester suture was inoculated at various specific locations along the length of the material. Once inserted into the lumen the inoculated area coincided with the most difficult area of the lumen to sterilize.
After the sterilization cycle, the BI was removed and placed in a bottle of recovery media and monitored for growth. Sounds a lot easier than direct inoculation, doesn’t it? As we move forward and more intricate components/devices and sterilization process are created, it will become increasingly important to ensure we are properly monitoring the sterilization of those items. In some instances, the best way to do this will be with a custom biological indicator.
For more information on what Mesa Labs has to offer please click here.
The DialyGuard line of dialysate meters utilize syringes to perform quick and accurate meter readings and there are a couple of tips that we have complied that may be helpful in getting the most out of your pHoenix, HYDRA or NEO-STAT meter:
- Don’t pull the syringe back past the 10 ml line. The meter was designed to get the proper readings without needing to pull the syringe any further and doing so can cause unintended leaking.
- Do not over-tighten the syringe. If the syringe fitting is over-tightened, the top section is being pulled so that the feature on the syringe tip used to retain the rotating fitting is now stretching the rotating tip outwards. Eventually the rotating tip will break.
- Exercise new syringes prior to installation. While in storage, the stoppers can tend to stiffen which can cause initial leakage if not exercised prior to initial use. Simply work the plunger back and forth 5 times or so prior to installation.
Mesa Monitoring will be attending the South Central Association of Blood Banks (SCABB) trade show on March 30th-April 1st in Fort Worth, TX at the Hilton Fort Worth for the very first time located in booth 32! Mesa will be featuring its new continuous monitoring system called ViewPoint.
ViewPoint is a new centralized monitoring system (CMS) from Mesa Monitoring that monitors humidity, temperature/humidity, differential pressure, O2, CO2, water detection, air velocity and much more. The ViewPoint system also exists as an alarming system to alert the user of any readings that are outside the acceptance range for that particular product that is being monitored. ViewPoint will call, email and/or text the notification of an alarm to the user day or night.
Stop by our booth to find out the latest updates that Mesa Monitoring has to offer or contact Mesa Monitoring today email@example.com to learn more about ViewPoint our real-time monitoring solution.
Mesa will be attending the National Association of Nephrology Technicians and Technologists show (NANT) on March 25-26th at the Tropicana Hotel in Las Vegas, Nevada booth number 210. Mesa will also be attending the American Nephrology Nurses Association trade show (ANNA) at the Anaheim Convention Center in Anaheim, CA from April 13th-April 16th which will also be booth 210. Mesa will be highlighting the product line DialyGuard, which features Mesa’s dialysate meters. Mesa Lab’s Dialysate Meters are instruments that are used to test various parameters of the dialysis fluid (dialysate), and to perform proper calibration and operation of the dialysis machine. Each of the meters measure some combination of temperature, pressure, pH and conductivity to ensure that the dialysate has the proper composition to promote the transfer of waste products from the blood to the dialysate. For more information on Mesa Labs DialyGuard product line please visit our Facebook page or email us at firstname.lastname@example.org
As you likely know, Mesa has recently acquired Amega Scientific and TempSys continuous monitoring solution companies. These companies offered systems that monitor temperature, humidity and other vital parameters within controlled environments. Mesa will be combining the best attributes of each system to create a new product offering titled ViewPoint.
ViewPoint from Mesa Monitoring will be designed to meet strict regulatory compliance requirements set forth by AABB, TJC, CAP, DHS, AACCP and FDA 21 CFR Part 11 requirements to monitor healthcare facilities, pharmacies, laboratory, blood banks, nutrition, universities, life sciences and more. ViewPoint will blend the benefits of each product offering into a solution that continues to lead the industry for accuracy, reporting and compliancy. Mesa is currently investing in its service offering to provide top level support, response times and customer service.
Our goal will be to continue to design an outstanding continuous monitoring system that is easy to use, maximizes efficiency, and helps you maintain full compliancy. For Mesa’s perspective on continuous monitoring, visit our new Facebook or Twitter page now to keep up to date on what Mesa Monitoring has to offer.
Why is water a risk to hemodialysis patients you might ask. Water is key to life as we know it but it can introduce dangers in the dialysis process. If dialysate used in the dialysis process was used with simple tap water, this would introduce several substances common in tap water that can be toxic if present in dialysate.
The blood is separated from dialysate by only a thin semi-permeable membrane in dialysis. There is no liver circulation and no kidney function for most patients undergoing dialysis so any contaminants introduced during the process can present an elevated risk. Yes this water is safe to drink because certain contaminates are harmless to us in drinking water, but can be highly toxic when present in dialysate. These contaminates are: aluminum, chloride, and Fluoride. The water can be pre-treated to remove contaminates so the water purity is safe for the patient.
Mesa Labs has been a part of the dialysis community for over 25 years. We continue to manufacture two styles of Dialysate Meters: those designed for use by dialysis machine manufacturers and biomedical technicians and those used primarily by dialysis nurses or patient care technicians. Mesa also manufactures NIST-traceable standard solutions. Mesa is devoted to providing quality instruments for the dialysis industry and will continue to do so for years to come.
For more information on Mesa Labs DialyGuard meters please click here. http://www.mesalabs.com/medical-meters/
Mesa expert’s co-author article on minimum incubation times for Biological Indicators
Garrett Krushefski and Kurt McCauley of Mesa Biological Indicator division have co-authored an article featured on Pharmtech.com. This article focuses on proposed minimum incubation time for biological indicator grow out times.
You can read the article in its entirety at the link below: http://bit.ly/1hni3rQ
The 90XL is a state-of-the-art, portable, multifunction meter designed to measure the conductivity, pH, temperature and pressure of the dialysate fluids from hemodialysis delivery systems and of the water used in hemodialysis clinics. Below are some convenient tips to consider regarding the use of the 90XL:
1. If the display does not automatically turn on after charging, simply reset the display by pressing all 4 buttons as once. This will reset and restore the display and the 90XL will be ready for normal use. Remember, your display needs to be charged nightly if possible. This will keep the rechargeable battery in good health and reduce down time during use.
2. If you are sending in your 90XL system for repair or service work, you do not need to send in your display unit (unless the display itself needs to be repaired). Save down time shipping costs by only sending in the modules for calibration.
3. Utilize the online help feature built into the meter when questions arise regarding meter calibration or operation. This feature is available through a single keystroke.
Using these tips will ensure convenient and consistent operation of your 90XL technician meter. To learn more about the 90XL, see the 90XL product page.
Standard Biological Indicators (BI’s) are perfectly suited for most sterilization validation/monitoring situations, but there are instances where additional information about the cycle or the products resistance is useful. Due to a desire to place a BI in more difficult to reach areas within a product or because of extreme cycle parameters, Mesa has developed a complete line of Industrial Use BI’s that can accommodate several unique situations and cycles. This video details these specialty items and highlights their initial intended use.
Contact us today at BIsales@mesalabs.com to discuss your specific cycle to see if a specialized solution is appropriate for your needs.