Summa Design Announces Continuing Expansion with Opening of Far East Operations Office in Shanghai China



March 30 2005 Summa Design contract design firm focused on the medical device industry today announced the opening of their new Far East Operations office in Shanghai China The new office extends Summa Design's reach into the rapidly expanding Chinese market We are excited to be able to leverage Summa Design's unique expertise to launch several new initiatives in the largest untapped market in the world said Jon Ferris President CEO of Summa Design Demand for better medical equipment is driving the Chinese market and will increase as the country modernizes to provide healthcare to a population of nearly 13 billion people Our new office will act as a liaison between Chinese medical device companies and their USbased counterparts We will be facilitating introduction of US devices into Chinese distribution and also helping Chinese medical device companies introduce their products into the US and European markets With one of the fastest growth rates in the world the Chinese medical equipment market was estimated at $106 billion in 2003 and growing at 15 per year China has more than 300000 health institutions countrywide including more than 60000 hospitals Standard of living as well as the elderly population continues to increase steadily in China Chinese government reforms are aimed at promoting better access to basic health care through increasingly open markets for foreign devices noted Mr Ferris Our staff in China will be working closely with the State Drug Administration of China on importation and registration of new US devices being introduced The Company Summa Design is a privatelyheld company based in Colorado Their clientele includes medical device companies in need of engineering resources and includes large established companies as well as small startups The company provides an unparalleled range of services in the industry including engineering design and development services marketing sales distribution and FDA and international regulatory consulting Summa Design is the first contract design firm to offer an industryleading VC Partner Program which promotes relationships with venture capital companies and allows Summa Design to introduce startup clients to funding sources Visit their website at wwwsummadesigncom for more information



Summa Design Announces Continuing Expansion with Opening of Far East Operations Office in Shanghai China