FEI Company Expands Presence in Automated Mineralogy Market
Electron Microscopy Leader Acquires the Assets of Intellection
HILLSBORO, Ore., Jan 05, 2009 (BUSINESS WIRE) --
FEI Company (Nasdaq:FEIC), a leading provider of high-resolution imaging
and analysis systems, today announced that it had acquired substantially
all of the assets of Intellection Holdings Pty. Ltd. of Brisbane,
Australia. Intellection's primary product is the QEMSCAN automated
mineralogy system. The purchase increases FEI's presence in the
automated mineralogy market for global mining companies and continues
the company's strategic drive to produce innovative application-specific
solutions for its customers. The purchase price was approximately $2.8
million.
"Intellection has provided high value to its customers," noted Dr. Paul
Scagnetti, vice president and general manager of FEI's Industry market
division, "and we look forward to continuing to improve automated
mineralogy technology with the key talent at Intellection. Customers are
beginning to deploy automated mineralogy in a wider range of minerals
and expand from the lab to the mine site. This purchase also increases
our installed base in a strategically important market for FEI's future."
FEI's existing Mineral Liberation Analyzers (MLA) are complete
microscopy solutions designed to increase mining productivity and metal
recovery and are the result of a joint development effort between FEI
Company and JKTech, a leader in the international minerals industry.
Automated mineralogy systems identify minerals in polished sections of
drill core, particulate, or lump materials and quantify a wide range of
characteristics, such as mineral abundance, grain size, and liberation.
Mineral texture and liberation potential are fundamental properties of
ore and drive its economic treatment, making the data gathered by the
MLA and QEMSCAN invaluable to geologists, mineralogists and
metallurgists who engage in process optimization, mine feasibility
studies and ore characterization analyses.
About FEI Company FEI (Nasdaq:FEIC) is the world leader in pioneering technologies and
applications that deliver imaging solutions for 3D characterization,
analysis and modification/prototyping with resolutions down to the
sub-Angstrom level. Our customers, working in advanced research and
manufacturing, are supported by field-experienced applications
specialists. They have open access to FEI's prestigious global user
network so they can succeed in accelerating nanoscale discovery and
contribute to better living through new product commercialization. FEI's
NanoPorts in North America, Europe and Asia provide centers of technical
excellence where our world-class community of customers and specialists
collaborate on the ongoing development of new ideas and innovative
solutions. FEI has sales and service operations in more than 50
countries around the world. More information can be found at: www.fei.com.
FEI Safe Harbor Statement This press release contains forward-looking statements about the
purchase of assets of Intellection Holdings Pty. Ltd, related
technological improvements and customer utilization of this technology.
Factors that could affect these forward-looking statements include, but
are not limited to, difficulties in integrating the Intellection assets
with FEI's existing business, changes in customer demands, needs and
preferences, fluctuations in mineral commodity prices, and fluctuations
in the US dollar relative to the Australian dollar. Please also refer to
the company's Form 10-K, Forms 10-Q, Forms 8-K and other filings with
the U.S. Securities and Exchange Commission for additional information
on these factors and other factors that could cause actual results to
differ materially from the forward-looking statements. FEI assumes no
duty to update any forward-looking statements.
The FEI logo is a trademark of FEI Company.
SOURCE: FEI Company
MindWrite Communications, Inc
Sandy Fewkes, Principal (Media), +1-408-224-4024
sandy@mind-write.com
or
FEI Company
Fletcher Chamberlin (investors and analysts), Investor Relations, +1-503-726-7710
fletcher.chamberlin@fei.com
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