April 2, 2020
2019 became the most profitable year in Elos Medtech’s ninety-seven-year history. While that is a milestone in itself, we have seen significant achievements and positive developments in all of our business areas. Even though we are currently challenged by the COVID-19 pandemic, here are some of the business highlights in 2019.
In the area of orthopedics, we started working on several new projects while at the same time expanding our US-based production site. By nearly doubling our manufacturing space we were able to increase our capacity to support our customers in the global orthopedic market. Also, our first local Chinese customer, MicroPort Orthopedics, entered our organization in 2019.
Our entire Elos Accurate product range was approved for sale in the United States. Elos Accurate allows dental professionals to work with a fully digital workflow using some of the best digital dentistry solutions on the market today.
We also signed a distribution agreement with Nobel Biocare. They are a highly trusted actor in the dental market who recognize our products’ value. Together, Nobel Biocare and Elos Medtech offer more options in the digital workflow in terms of both implant restoration possibilities and manufacturing opportunities for labs.
One of our new dental customers is Brånemark Integration, one of the key founders of dental implants. We actually started developing and manufacturing dental implants in collaboration with Professor Per-Ingvar Brånemark himself back in 1975.
In the area of life science, we saw growth in injection-molded polymer components. More customers want to outsource larger parts of their production line or whole production. As a result, we will – once again – expand our production site in Skara, Sweden. As our customers grow and expand their businesses, so must Elos Medtech.
We are also happy that one of our long-term customers in Tianjin, China, developed really well last year.
Despite the current situation with the coronavirus spreading rapidly across the world, we are proud of what we achieved in 2019. While the healthcare system has been facing major challenges, we have been fully focused on creating safe and secure workplaces and delivering medical device products to our customers. When the most critical part of this period is over, we will continue to focus on:
We look forward to reaching new heights together with our customers and partners. Want to learn more about Elos Medtech? Or read the full annual report about our achievements in 2019? (available in Swedish, but will be published in English in April).
Elos Medtech AB
Find the answers to your questions, watch our how-to videos, download relevant documents, and receive direct support from our dental expert.