SHENZHEN, China, Nov. 12, 2013 /PRNewswire/ -- Mindray
Medical International Limited ("Mindray", NYSE: MR), a leading
developer, manufacturer and marketer of medical devices worldwide,
today announced a settlement agreement with Beckman Coulter Inc. On
November 11, 2013, Shenzhen Mindray
Bio-Medical Electronics Co., Ltd., a subsidiary of Mindray, entered
into a settlement agreement related to an ordinary course
commercial dispute with an OEM manufacturing customer, Beckman
Coulter Inc. In connection with this settlement, Mindray will
take a litigation related charge of approximately $15 million in the fourth quarter of 2013.
The commercial dispute did not involve intellectual property or
product liability matters, and Mindray has determined that the
related termination of the OEM arrangement is not material to its
business or operations.
About Mindray
We are a leading developer, manufacturer and marketer of medical
devices worldwide. We maintain our global headquarters in
Shenzhen, China, U.S. headquarters
in Mahwah, New Jersey and multiple
sales offices in major international markets. From our main
manufacturing and engineering base in China, we supply through our worldwide
distribution network a broad range of products across three primary
business segments, namely patient monitoring and life support,
in-vitro diagnostic, and medical imaging systems. For more
information, please visit http://ir.mindray.com.
For investor and media inquiries please contact:
In China:
Cathy Gao
Mindray Medical International Limited
Tel: +86-755-8188-8023
Email: cathy.gao@mindray.com
In the U.S:
Hoki Luk
Western Bridge, LLC
Tel: +1-646-808-9150
Email: hoki.luk@westernbridgegroup.com
SOURCE Mindray Medical International Limited