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Empresas y finanzas

Sorin Group: CarboMedics Sues ATS Medical for Breach of Contract


    CarboMedics, Inc., a company fully-owned by Sorin (MIL:SRN),
    announces today that it has filed suit against Minneapolis-based ATS
    Medical, Inc. (NASDAQ: ATSI). The suit alleges that ATS failed to
    order valve components as required by a long-term supply agreement.

    The suit, which seeks enforcement of the supply agreement on a
    continuing basis in addition to monetary damages, was filed in the
    United States District Court for the District of Minnesota.

    In 1990, CarboMedics gave ATS Medical a license to intellectual
    property for a bileaflet heart valve designed by CarboMedics.
    CarboMedics also agreed to develop the manufacturing processes by
    which ATS Medical could bring that heart valve to market. In exchange,
    ATS Medical entered into a long-term supply agreement with CarboMedics
    whereby ATS Medical is required to purchase approximately $20 million
    worth of valve components from CarboMedics between 2007 and 2011.

    "We have completed a comprehensive review of the commercial
    agreements at stake and as a result, feel we have to take this action
    in order to seek enforcement of the contract," said Charles Griffin,
    President, CarboMedics, Inc. "We are confident that in this case the
    court will recognize the serious breach of basic contract rights by
    ATS."

    The Complaint is publicly available at the Public Access to Court
    Electronic Records website: http://www.pacer.uscourts.gov (Civil
    Docket Case No.: 0:06-cv-04601 (PAM/JSM)).

    About the Sorin Group

    The Sorin Group (Bloomberg: SRN.IM; Reuters: SORN.MI), a world
    leader in the development of medical technologies for cardiac surgery,
    offers innovative therapies for cardiac rhythm dysfunctions,
    interventional cardiology and the treatment of chronic kidney
    diseases. The Sorin Group includes: Dideco, CarboMedics, Inc., COBE
    Cardiovascular, Inc., Stockert, Mitroflow, ELA Medical, Inc., Sorin
    Biomedica, Bellco and Soludia. It has more than 4,500 employees
    working at facilities in more than 80 countries throughout the world
    to serve over 5,000 public and private treatment centers.

    For more information: www.sorin.com