Triple Ring and Modulus Announce Strategic Partnership


MedTech Innovators now have One-Stop Solution from Concept to Commercialization

SAN JOSE, Calif. and NEWARK, Calif., Feb. 8, 2011 - Triple Ring Technologies, a provider of advanced research and product development services, and Modulus, specialists in design, commercialization and manufacturing, announced today that they have formed a strategic partnership. The relationship offers client companies a complete range of services through all stages of product innovation, including concept, feasibility, design, engineering and manufacturing. While Triple Ring and Modulus each serve clients in several industries, the collaboration will focus on the medical technology sector.

The partnership will be particularly beneficial for early and mid-stage medical device and life science companies. With access to top-tier talent and a range of specialized capabilities, these companies can significantly shorten time to market while minimizing risk throughout each stage of the development and manufacturing process. Product innovation and market introduction can be seamlessly coordinated giving clients a significant competitive edge.

"The combination of Triple Ring and Modulus is a powerful one - it gives clients access to expert resources with deep domain knowledge and an unmatched track record for commercializing innovations," said Mir Imran, Chairman & CEO, Modulus. "Triple Ring shares our passion for bringing exciting products to market, and their engineering resources and development capabilities are an outstanding complement to our organization."

Triple Ring delivers best-of-breed technical capabilities, including systems engineering, physics, optics, data analysis and algorithm development, while Modulus provides extensive experience in the design and manufacture of microelectronics, scientific instruments and implantable devices.

According to Joe Heanue, President of Triple Ring, "Most companies in this space are either product development experts or manufacturing experts - very few can address both sides of the equation. We're excited about this combination and we see Modulus, under the direction of Mir Imran - one of the industry's brightest minds in medical innovation - as a tremendous resource to bring to bear for our clients. At a time when bringing products to market is rife with challenges, we're in a great position to help our clients work through the complexities."

About Triple Ring Technologies

Triple Ring Technologies, headquartered in Newark, CA, is an advanced research and development company that partners with clients to deliver innovative solutions to complex technical challenges. Founded in 2004, Triple Ring's team of scientists and engineers provides leading edge, integrated scientific research, technical design, engineering, and business services. With particular expertise in electronics, optics, biophotonics, and digital imaging, Triple Ring serves clients in the medical device, clean technology, and security industries. For more information, go to www.tripleringtech.com.

About Modulus

Modulus specializes in high reliability, ultra low power microelectronics. Founded in 1972 and based in San Jose, CA, Modulus brings four decades of experience in developing and manufacturing high reliability scientific instruments and medical devices. By combining a highly experienced professional staff of product design engineers, programmers, and manufacturing personnel, Modulus can take on a design program from concept phase to final manufactured product. The company is ISO 9001:2008 and ISO 13485:2003 certified for Class III medical devices. Modulus' Chairman & CEO, Mir Imran, is a prolific medical innovator, most well-known for his work on the first implantable defibrillator (ICD). For more information, go to www.modulusinc.com.

SOURCE Modulus

CONTACT:

Stephanie McGrory of Modulus,

+1-408-457-3730,

stephanie@modulusinc.com,

or

Gil Peterson of Triple Ring Technologies,

+1-510-592-3000,

gpeterson@tripleringtech.com

Web Site: www.tripleringtech.com

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