Rochester Medical Announces Agreements With Hollister Incorporated
December 11 2006 - 4:00PM
PR Newswire (US)
STEWARTVILLE, Minn., Dec. 11 /PRNewswire-FirstCall/ -- Rochester
Medical Corporation (NASDAQ:ROCM) today announced that it has
signed a new Private Label Agreement for supply of Male External
Catheters (MECs) to Hollister Incorporated and also announced that
the parties have amended their 2003 OEM/Private Label Agreement.
The MEC Agreement has a five year term commencing on January 1,
2007. Under the Agreement Rochester Medical will continue to supply
Hollister with its requirements of non-latex Male External
Catheters for sale under the Hollister brand worldwide, excluding
the United Kingdom. Under the amended 2003 OEM/Private Label
Agreement Rochester Medical will continue to supply Hollister with
Hydrophilic Intermittent catheters which will be sold under
Hollister's brand. The amended agreement has a two year term. The
two companies have also agreed to terminate the Common Interest and
Defense Agreement which they entered into in September, 2004 for
the defense of Rochester Medical's Hydrophilic Intermittent
catheter technology with respect to the patent infringement action
in the United Kingdom between Coloplast A/S and Hollister.
Hollister and Rochester Medical have agreed to release each other
from any claims under the Common Interest and Defense Agreement. In
particular, Rochester Medical will not be required to pay any
additional legal fees under the terminated Agreement. Commenting on
the announcement, Rochester Medical CEO and President Anthony J.
Conway said, "I am very pleased to make this announcement.
Hollister has been an excellent customer of Rochester Medical since
1994, and we look forward to a continued strong relationship."
Rochester Medical Corporation develops, manufactures, and markets
disposable medical catheters and devices for urological and
continence care applications worldwide. The Company markets under
its own Rochester Medical(R) brand and under existing private label
arrangements. Hollister Incorporated is an independently owned
global company that develops, manufactures, and markets healthcare
products in over 90 countries. For further information, please
contact Anthony J. Conway, President and Chief Executive Officer of
Rochester Medical Corporation at (507) 533-9600. More information
about Rochester Medical is available on its website at
http://www.rocm.com/ . DATASOURCE: Rochester Medical Corporation
CONTACT: Anthony J. Conway, President and Chief Executive Officer
of Rochester Medical Corporation, +1-507-533-9600 Web site:
http://www.rocm.com/
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