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SP Industries, Inc., and Praxair, Inc., Expand Their Commercialization of Praxair's ControLyo™ Nucleation On Demand
May 24, 2012 Warminster, PA
SP Industries, Inc., (SP) dba SP Scientific, and Praxair Inc., (Praxair) headquartered in Danbury, CT, are pleased to announce the expansion of their collaborative relationship to commercialize Praxair's ControLyo™ Nucleation on Demand Technology. The original agreement, signed in October, 2010, gave SP the exclusive global rights to commercialize the technology on Development Lyophilizers of less than or equal to one square meter of shelf area. The Praxair ControLyo™ Technology was implemented on SP Scientific's Lyostar 3 Freeze Dryer in December, 2010. The expansion of the agreement allows SP to also equip its clinical, pilot and production dryers (Benchmark series and Hull Production Dryers) with the ControLyo™ Technology. Additionally, the agreement calls for the transfer of technology to allow SP to retrofit existing Pilot and Production units in the field, regardless of the original manufacturer.
"This is a major step in SP's strategy of technology leadership in lyophilization," states Chuck Grant, CEO for SP. "Given the ability to offer the technology from development through scale-up to production, SP is ideally positioned to be the supplier of choice for ControLyo™ Technology."
"Praxair is pleased to extend our existing agreement to cover the full range of lyophilizers offered to the industry by SP, " said Rich Jarrett, Global Director of Marketing and Business Development for Praxair. "Praxair's ControLyo™ Technology has seen quick industry adoption with SP Scientific's Lyostar 3 freeze dryer and we look forward to providing the industry with nucleation control at all production levels."
ControLyo™ Technology offers many benefits to the pharmaceutical industry including: vial-to-vial uniformity, reduced cycle times, reduced protein aggregation and better conformance to the Food and Drug Administration's Process Analytical Technology (PAT) initiative.
About SP Scientific
SP Scientific is a leading manufacturer of laboratory-to-production scale freeze dryers / lyophilizers, centrifugal evaporators and concentrators, thermal management system and glassware washers. The company sells its products under well-known brands including Hull, VirTis®, FTS Systems™, Genevac®, and National-Hotpack®. SP Scientific has ISO 9001:2008 registered production facilities in the USA and Europe. More information on the SP Scientific product line is available at www.spscientific.com
About Praxair, Inc.
Praxair, Inc., is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair, Inc., is available at www.praxair.com
SP Scientific Media Contacts:
Ms. Cynthia Reiter (845) 255-5000 x2445
Ms. Shireen Scott (845) 255-5000 x 2311
Praxair Media Contact:
Mr. Phil Davis (630) 320.4461
Praxair Investors Contact:
Ms. Kelcey Hoyt (203) 837.2118