Brooks Automation (NASDAQ:BRKS)
Historical Stock Chart
6 Months : From Jun 2019 to Dec 2019
CHELMSFORD, Mass., Sept. 6, 2019 /PRNewswire/ -- Brooks Automation, Inc. (Nasdaq: BRKS) announced today that Dusty Tenney, President Sample Management, will be leaving Brooks effective September 6, 2019.
"We are deeply appreciative of the contributions Dusty has made to the Sample Management business since joining Brooks in 2014," said Steve Schwartz, President and CEO. "Dusty has led a four-fold increase in Life Science revenue, taken the Sample Management business to profitability, and established a new threshold for Sample Management which we plan to aggressively build going forward. Our employees, the entire management team and board of directors all thank Dusty for his leadership and guidance."
Schwartz continued, "With what has been accomplished, we are now focused on transitioning this business to the next phase of operational execution and commercial growth capability to address the multiple opportunities in the growing sample management markets."
During this transition phase of the Sample Management expansion, Steve Schwartz will assume responsibilities as the leader of the business unit.
About Brooks Automation
Brooks is a leading provider of life science and semiconductor manufacturing automation solutions worldwide. The Company applies its automation and cryogenics expertise to provide a full suite of reliable cold-chain sample management solutions across life sciences in areas such as drug development, clinical research and advanced cell therapies. Brooks recently added global capability for gene sequencing and gene synthesis services through its strategic acquisition of GENEWIZ, expanding its sample-based services offerings. With over 40 years as a partner to the semiconductor manufacturing industry, Brooks is a provider of industry-leading precision robotics, integrated automation systems and services. Brooks is headquartered in Chelmsford, MA, with operations in North America, Europe and Asia. For more information, visit www.brooks.com.
"Safe Harbor Statement" under Section 21E of the Securities Exchange Act of 1934
Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Brooks' financial and business results to differ materially from our expectations. They are based on the facts known to management at the time they are made. These forward-looking statements include, but are not limited to, statements about the growth prospects for the Sample Management business. Factors that could cause results to differ from our expectations include the following: the volatility of the industries the Company serves; our possible inability to meet demand for our products due to difficulties in obtaining components and materials from our suppliers in required quantities and of required quality; the inability of customers to make payments to us when due; the timing and effectiveness of cost reduction and cost control measures; price competition; disputes concerning intellectual property; uncertainties in global political and economic conditions; and other factors and other risks, including those that we have described in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K, current reports on Form 8-K and our quarterly reports on Form 10-Q. As a result we can provide no assurance that our future results will not be materially different from those projected. Brooks expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based. Brooks undertakes no obligation to update the information contained in this press release.
Director, Investor Relations
Senior Managing Director
View original content to download multimedia:http://www.prnewswire.com/news-releases/brooks-automation-announces-transition-of-sample-management-leadership-300913487.html
SOURCE Brooks Automation