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TOPIC: Cytori manufacturing at Deeside-UK

Cytori manufacturing at Deeside-UK 24 Mar 2014 09:09 #1440

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On the career opportunities page of the corporate website, at present almost only UK jobs are offered:

CAREER OPPORTUNITIES

Please see below for the career opportunities currently available at Cytori.
Device Assembly Technician – UK
Production Supervisor – UK
Sr. Quality Assurance Specialist – UK
Shipping & Receiving Coordinator – UK
Sr. Electro-Mechanical Engineer

This apparently has to do with the establishment of a facility there, which is also mentioned in the Lorem contract:

Marketing Obligations of Lorem / Supply Obligations of Cytori . Lorem shall at all times use its best efforts to market
Cytori Products within the Fields of Use in the Licensed Territories, and Cytori shall at all times use its best efforts to supply Cytori
Products as ordered by Lorem hereunder in keeping with the requirements of Section 3.3. Notwithstanding the foregoing, Lorem’s due
diligence requirements for China for the first five (5) years from the Effective Date or three (3) years after receipt of regulatory
approval in China (whichever is shorter) are as follows:
3.4 Marketing & Supply Obligations and Restrictions .
(a) Lorem shall use its best efforts to gain regulatory approval in China to market and sell the Cytori Products in China for
both non-vascular and Intravascular/Cardiac indications. In support of this effort Cytori shall establish partial
manufacturing for the Celution Device and Consumable Cytori Products in the United Kingdom to establish regulatory
country of origin designation in the U.K. Cytori shall also cooperate with Lorem’s efforts to obtain approval in China
with validated translations of Cytori documentation and advice on the regulatory framework in the EU.
(b) In each of the first three (3) years after regulatory approval is obtained for intravascular use of the Celution Device in
China, Lorem shall purchase a minimum of fifty (50) Celution Devices each year for the China market, and at least fifty
(50) Consumable kits each year for each of the Celution Devices purchased that year and fifty (50) Consumable kits for
each Device previously purchased for China.

[/b]

Why that is, is presently unclear to me, but must have to do with anticipated developments. :whistle:
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Board moderator and Site-owner. I still regret the day I started analysing the prospects of MacroPore (now Cytori) back in 2004- a left-over from the tech-bubble at that time from the century change in my portfolio- and became addicted to Cytori´s fat cell technology. :cry:

Cytori manufacturing at Deeside-UK 24 Mar 2014 23:15 #1441

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***to establish regulatory
country of origin designation in the U.K.***

It would seem the above is key.

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Cytori manufacturing at Deeside-UK 25 Mar 2014 10:26 #1444

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Yes Hedge- that is certainly part of it and also true.

Deeside is an industrial development estate in the vicinity of Liverpool, which has its areal split up in units the "known British" way.

But beside payment salaries and wages for these new guys, you need a roof and a lot more things before you can produce Celutions. :grin:

One must be awfully sure to sell a lot more Celutions built in the UK instead of Callan Road before one would take all that money in the hand to set up this infra-structure.

I do not have to remind you that they do not have that money... at least not at present... :KO:
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Board moderator and Site-owner. I still regret the day I started analysing the prospects of MacroPore (now Cytori) back in 2004- a left-over from the tech-bubble at that time from the century change in my portfolio- and became addicted to Cytori´s fat cell technology. :cry:

Cytori manufacturing at Deeside-UK 25 Mar 2014 11:22 #1445

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As author of the recent post asking if it was too early asking about the need for more cash...it is true you do not have to remind me of all our cost and limited cash. :really:

Question raised in my response was really...why would it matter in the Lorem contract the country of origin for the celutions and only a partial manufacturing of the equipment seems to satisfy the reason.

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