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Align Technology, Inc.
Align Technology Announces Plans to Assume Operations From Its Manufacturing Services Provider
January 9th, 2009
Align Technology, Inc. (NASDAQ:ALGN) announced that it is terminating the "Shelter Agreement" with its service provider International Manufacturing Solutions Operaciones, S. De. R.L. (IMS), based in Juarez, Mexico. Effective April 1, 2009 Align will become a direct manufacturer and begin producing its custom made clear aligners independently. "The transition from using manufacturing support services to becoming an independent manufacturer is the natural next step for Align," said Emory Wright, vice president of operations. "IMS has been a great partner in helping Align establish a world-class manufacturing process and deliver nearly 40 million individual clear aligners...
Source: Health Business Week (2009-01-09)
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