logo
StatLab Activates New U.S. Manufacturing Capabilities to Secure Supply for Domestic Pathology Labs

StatLab Activates New U.S. Manufacturing Capabilities to Secure Supply for Domestic Pathology Labs

MCKINNEY, Texas--(BUSINESS WIRE)--May 1, 2025--
StatLab Medical Products ('StatLab'), a leading global innovator of pathology supplies, today announced the launch of new U.S.-based manufacturing capabilities, advancing its multi-year 'in-region, for-region' strategy to ensure reliable, scalable production of critical reagents for pathology labs nationwide. The latest milestone—insourcing injection-molded prefill containers—further strengthens StatLab's position as one of the top U.S. manufacturers of formalin prefills, producing nearly 100 million units annually, while increasing supply chain reliability for labs amid ongoing global uncertainty.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250501519536/en/
20 mL StatClick™ prefill containers during injection molding production at the Arlington, Texas StatLab plant.
StatLab has a long history of manufacturing StatClick™ formalin prefills, but by becoming the first in its industry to vertically integrate container and lid production in-house, it is increasing control and reducing supply chain risk for this essential product used in operating rooms and labs every day across the U.S. In addition to bringing injection molding for prefill containers in-house, StatLab will also begin blow molding gallon bottles in Q2. Production capacity for cassettes continues to grow as well, with new injection molding cells added at the Arlington facility to meet strong U.S. demand.
'At StatLab, it is in our DNA to invest ahead of the need,' said Sung-Dae Hong, CEO of StatLab. 'As one of the market leaders for essential pathology consumables, insourcing key containers for the products we make, including gallon bottles and prefills, empowers us to control quality and protect our customers against external market forces.'
In another proactive move to support customers through challenging market conditions, StatLab has announced it will currently absorb any tariff-related fees associated with products manufactured in its European facilities when selling directly to U.S. laboratories. These products include PiSmart cassette and slide printers, KT microscope slides, and KT coverglass. By leveraging its U.S. and European manufacturing capabilities, StatLab is able to offer consumables for the full pathology workflow protected from tariff impact, empowering domestic customers to focus more on patient care.
'Delivering stability for our customers, especially in times of volatility, is part of the trust we build every day,' continued Hong. 'We recognize the importance of predictable pricing and reliable access to the essential supplies labs need for accurate diagnoses.'
About StatLab Medical Products
StatLab Medical Products has been dedicated to helping anatomic pathology laboratories provide the best possible patient care since 1976. Today, with the strength of our united brands and locations around the globe, we're innovating pathology essentials, together. We offer an extensive portfolio of self-manufactured consumables and pathology equipment, developed and produced across nine manufacturing sites in the United States, United Kingdom, and Europe. Our global operational footprint — powered by over 750 mission-driven colleagues — enables an 'in-region, for-region' manufacturing strategy, delivering a resilient, dependable supply chain and high-quality solutions. With a customer-centric approach at our core, we bring reliability, innovation, and quality to every interaction. Learn more at StatLab.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250501519536/en/
CONTACT: Jessica Baer
[email protected]
630-346-1659
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: MEDICAL DEVICES GENERAL HEALTH HOSPITALS SCIENCE MEDICAL SUPPLIES BIOTECHNOLOGY OTHER MANUFACTURING HEALTH OTHER SCIENCE CHEMICALS/PLASTICS TRANSPORT RESEARCH LOGISTICS/SUPPLY CHAIN MANAGEMENT MANUFACTURING RETAIL OTHER HEALTH SUPPLY CHAIN MANAGEMENT
SOURCE: StatLab Medical Products
Copyright Business Wire 2025.
PUB: 05/01/2025 06:02 AM/DISC: 05/01/2025 06:02 AM
http://www.businesswire.com/news/home/20250501519536/en
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Liberty Media Corporation Announces Closing of Refinancing of MotoGP™ Debt Facilities
Liberty Media Corporation Announces Closing of Refinancing of MotoGP™ Debt Facilities

Business Wire

timean hour ago

  • Business Wire

Liberty Media Corporation Announces Closing of Refinancing of MotoGP™ Debt Facilities

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation ('Liberty') (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) announced today that Dorna Sports, S.L. ('MotoGP') closed the refinancing and maturity extension of its first lien Term Loan B, first lien Term Loan A and first lien revolving credit facility on August 18, 2025. MotoGP is a subsidiary of Liberty and is the exclusive commercial rights holder of the FIM MotoGP™ World Championship. MotoGP refinanced the previous €975 million Term Loan B with a maturity of March 31, 2029 with a new €800 million Term Loan B with a maturity of August 18, 2032, the previous €150 million Term Loan A with a maturity of September 29, 2028 with a new $232.5 million Term Loan A with a maturity of August 18, 2030 and the previous €100 million multicurrency revolving credit facility with a maturity of September 30, 2028 with a new €100 million multicurrency revolving credit facility with a maturity of August 18, 2030. The net reduction of €125 million under the debt facilities was funded with cash from MotoGP's balance sheet. Based on MotoGP's balance sheet as of June 30, 2025 and assuming exchange rates as of that date, pro forma for the refinancing transactions, MotoGP has approximately $187 million of cash and liquid investments and principal amount of debt of $1.2 billion. MotoGP's net senior secured leverage ratio as of June 30, 2025 as defined in its credit facility and pro forma for the refinancing transactions is 5.2x. The margin for the Term Loan B has been reduced from 3.25% to 2.75% (with a range of 2.25% to 2.75% based on MotoGP's consolidated net senior secured leverage ratio) with a reference rate of EURIBOR. The margin for the Term Loan A has been reduced from 2.50% to 1.75% (with a range of 1.50% to 2.00% based on MotoGP's consolidated net senior secured leverage ratio) with a reference rate of Term SOFR. The margin for the revolving credit facility has been reduced from 2.50% to 2.25% (with a range of 2.00% to 2.50% based on MotoGP's consolidated net senior secured leverage ratio) with a reference rate of one of Term SOFR, SONIA or EURIBOR based on the currency of the applicable borrowing. The Term Loan B, the Term Loan A and the revolving credit facility remain non-recourse to Liberty. MotoGP, together with the debt described herein, is attributed to Liberty's Formula One Group tracking stock. About Liberty Media Corporation Liberty Media Corporation ('Liberty') operates and owns interests in media, sports and entertainment businesses. Those businesses are attributed to two tracking stock groups: the Formula One Group and the Liberty Live Group. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include Liberty's subsidiaries Formula 1, MotoGP and Quint, and other minority investments. The businesses and assets attributed to the Liberty Live Group (NASDAQ: LLYVA, LLYVK) include Liberty's interest in Live Nation and other minority investments. About Dorna Sports, S.L. Dorna Sports, S.L ('MotoGP') became the sole commercial and television rights holder of the FIM MotoGP™ World Championship in 1991 and is based in Madrid, with premises in Barcelona and a subsidiary in Rome. MotoGP holds exclusive rights to MotoGP feeder series Moto2™ and Moto3™, electric series MotoE™, the FIM Superbike World Championship and the FIM Women's Circuit Racing World Championship. Source: Liberty Media Corporation

AEye and Black Sesame Technologies Sign Strategic Cooperation Agreement to Advance Autonomous Safety in China
AEye and Black Sesame Technologies Sign Strategic Cooperation Agreement to Advance Autonomous Safety in China

Business Wire

timean hour ago

  • Business Wire

AEye and Black Sesame Technologies Sign Strategic Cooperation Agreement to Advance Autonomous Safety in China

PLEASANTON, Calif.--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a pioneer in high-performance lidar technology and creator of the Apollo lidar sensor, today announced that it has signed a strategic cooperation agreement with Black Sesame Technologies, a leading provider of automotive-grade computing platforms and solutions for smart vehicles. This collaboration is expected to deliver a world-class AI-based obstacle detection and early warning system that provides ultra-long-range and highly reliable enhancements to safety in all facets of railway operations. This partnership marks a milestone in AEye's expansion into mainland China by integrating AEye's Apollo long‑range lidar sensor with Black Sesame Technologies' advanced chipset and perception software. The collaboration is intended to deliver a full‑stack, plug‑and‑play solution tailored to address the critical safety demands of high-speed transportation networks. 'I couldn't be more excited about our partnership with Black Sesame Technologies. Pairing our industry-leading 1550 nm Apollo lidar with Black Sesame Technologies' intelligent perception stack is anticipated to create a best‑in‑class solution for customers in China, currently the world's largest lidar market,' said Matt Fisch, Chief Executive Officer of AEye. 'Working with our partners at Black Sesame Technologies, we intend to enable faster deployment and delivery of meaningful safety improvements across transportation networks – a powerful alignment of innovation and purpose.' 'Our partnership with AEye pioneers a new standard for AI-based rail safety,' said Wilson Liu, Co-founder & President at Black Sesame Technologies. 'By fusing ultra-long-range sensing with mission-critical computing, we're intending to deliver the world's most reliable obstacle detection system for trains. We are very pleased that our system has been selected by a top-tier Chinese OEM. This collaboration positions us to capture transformative opportunities in autonomous safety.' About AEye AEye offers unique software-defined lidar solutions that enable advanced driver-assistance, vehicle autonomy, smart infrastructure, security, and logistics applications that save lives and propel the future of transportation and mobility. AEye's flagship product, Apollo, has been widely recognized for its small form factor and its ability to detect objects at up to one kilometer. In addition to Apollo as a stand-alone sensor, AEye also offers a full-stack solution through its OPTIS™ platform. OPTIS™ provides a complete system that captures a high-resolution 3D image of the world, interprets it, and provides direction to act upon what it sees in real-time. About Black Sesame Technologies Black Sesame Technologies is a leading provider of automotive-grade computing platforms and solutions for smart vehicles. Founded in 2016, Black Sesame Technologies has been listed on the main board of the Hong Kong Stock Exchange since 2024, under stock code The Company started with the Huashan Series of high-computing power platforms for autonomous driving and released the Wudang Series of cross-domain platforms in 2023 to address more diverse and sophisticated demands for advanced functionalities in smart vehicles, while also beginning to expand into other applications. Black Sesame Technologies' proprietary automotive-grade products and technologies empower smart vehicles with mission-critical capabilities, such as ADAS, smart cockpit, advanced imaging, and interconnection. The Company offers full-stack ADAS capabilities to meet broad customer needs through automotive-grade computing platforms and solutions, powered by the Company's own IP cores, algorithms, and support software. Forward-Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as 'believe,' 'continue,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'predict,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'potential,' 'seem,' 'seek,' 'outlook,' and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements about the capabilities of the products expected to result from the collaboration between AEye and Black Sesame Technologies, and the potential benefits and market acceptance in China of such products, among others. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risks that the strategic cooperation agreement between AEye and Black Sesame Technologies may not advance autonomous safety in China to the extent or in the time frame anticipated, or at all; (ii) the risks that the strategic cooperation agreement between AEye and Black Sesame Technologies may not deliver a world-class AI-based obstacle detection and early warning system that provides ultra-long-range and highly reliable enhancements to safety in all facets of railway operations to the extent or in the time frame anticipated, or at all; (iii) the risks that the integration of AEye's Apollo long-range lidar sensor with Black Sesame Technologies' advanced chipset and perception software may not be successful to the extent anticipated, or at all; (iv) the risks that the collaboration may not deliver a full-stack, plug-and-play solution tailored to address the critical safety demands of high-speed transportation networks to the extent or in the time frame anticipated, or at all; (v) the risks that pairing the Apollo lidar sensor with Black Sesame Technologies' intelligent perception stack may not create a best‑in‑class solution for customers in China to the extent or in the time frame anticipated, or at all; (vi) the risks that AEye and Black Sesame Technologies may not enable faster deployment nor deliver meaningful safety improvements across transportation networks to the extent or in the timeframe anticipated, or at all; (vii) the risks that the partnership between AEye and Black Sesame Technologies may not pioneer a new standard for AI-based rail safety to the extent anticipated, or at all; (viii) the risks that fusing ultra-long-range sensing with mission-critical computing may not deliver the world's most reliable obstacle detection system for trains to the extent or in the time frame anticipated, or at all; (ix) the risk that the selection of AEye and Black Sesame Technologies by a top-tier Chinese OEM may not yield some or all of the anticipated benefits of such selection, in whole or in part, due to changes, delays, or cancellation of the program by the Chinese OEM, the performance of the lidar sensor or other components, or otherwise; (x) the risks that the collaboration may not position either or both parties to capture transformative opportunities in autonomous safety to the extent or in the time frame anticipated, or at all; (xi) the risks that lidar adoption may occur slower than anticipated or fail to occur at all; (xii) the risks that AEye's products may not meet the diverse range of performance and functional requirements of target markets and customers; (xiii) the risks that AEye's products may not function as anticipated by AEye, or by target markets and customers; (xiv) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving autonomous transportation industry; (xv) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (xvi) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye's business; (xvii) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xviii) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions, trade tensions, and tariffs, all of which continue to cause economic uncertainty. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store