NovaWave Technologies, Inc. - Thermo Fisher Scientific Acquires Laser-based Gas Detection Company NovaWave Technologies, Inc.

Thermo Fisher Scientific Acquires Laser-based Gas Detection Company NovaWave Technologies, Inc.

Provides Enhanced Environmental and Process Gas Monitoring Capabilities

FRANKLIN, Mass. (February 1, 2010) – Thermo Fisher Scientific Inc., the world leader in serving science, announced today that it has acquired NovaWave Technologies, Inc., a developer and manufacturer of advanced chemical sensors for environmental monitoring, industrial and safety applications. NovaWave has 18 employees based in Redwood City, California, and generated annual revenues of $4 million in 2009.
NovaWave has developed an extensive array of laser-based gas measurement systems that use laser technology to enhance sensitivity, specificity, precision and accuracy for multiple applications. The acquisition expands Thermo Fisher’s leadership position in environmental monitoring, process monitoring and isotopic ratio measurements, and provides complementary technology to more accurately measure the presence of critical gases.
“The growing concern regarding climate change and the collective development of regulatory controls present a unique opportunity to showcase our leading Thermo Scientific line of environmental instruments,” said Greg Herrema, president of Thermo Fisher’s Analytical Instruments businesses. “The expansion of our portfolio through NovaWave’s sensors for monitoring greenhouse gases is another great example of how we enable our customers to make the world cleaner.”
In the United States, the Environmental Protection Agency recently mandated that facilities exceeding established greenhouse gas emission standards be required to submit annual reports. This includes utilities, oil and chemical refineries; cement, glass, pulp and paper plants; manufacturers of motor vehicles and engines; and confined animal-feeding operations. The technology acquired from NovaWave will reinforce Thermo Fisher Scientific’s leading position in this rapidly developing regulatory arena.
NovaWave will be integrated into Thermo Fisher's Analytical Technologies Segment and provide enhanced measurement capabilities for environmental instruments, scientific instruments and process instruments.

About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With 2008 revenues of $10.5 billion, we have approximately 35,000 employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com .

FAQ

Who is Thermo Fisher Scientific?

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. The company's mission is: to enable our customers to make the world healthier, cleaner and safer. With 2008 revenues of $10.5 billion, Thermo Fisher has approximately 35,000 employees and serves over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. For more information, visit www.thermofisher.com.

Who is Nova Wave Technologies, Inc.?

NovaWave was founded in 2002 with the mission is to develop and commercialize next generation laser-based chemical sensor systems to provide solutions to critical problems in civilian and military sectors. NovaWave's sensors employ cutting edge laser and photonics technologies, enabling commercially viable sensors with unprecedented detection sensitivity, chemical selectivity, precision, and accuracy. These fieldable, autonomous sensors are suitable for numerous cross-cutting applications, including chemical and biological agent detection, trace explosives sensing, greenhouse gas and pollution monitoring, and basic and applied research. NovaWave presently offers enabling photonics tools, including high performance optical and fiberoptic components, turnkey, all-solid state laser sources for spectroscopy, and optical metrology instrumentation. They are headquartered in Redwood City, California. For more information, visit www.novawavetech.com

What is the rationale for this acquisition?

Thermo Fisher Scientific and NovaWave share a strong commitment to driving innovation through the development of environmental monitoring instruments with an enhanced level of sensitivity, specificity, precision and accuracy
Laser based sensor technology is an excellent complement to the analytical technologies in Thermo Fisher Scientific's Environmental Instruments, Scientific Instruments and Process Instruments divisions.

The acquisition enhances our presence in the rapidly emerging global greenhouse gas (GHG) monitoring movement to support climate change objectives, and expands our offering in both refinery and natural gas process monitoring applications.

The coupling of laser sensor technology with our existing Inorganic Mass Spectrometry sample delivery capabilities will provide our customers with a unique offering for GHG source identification, food safety and life science applications in support of our mission to enable customers to make the world healthier, cleaner and safer.

What should customers and partners expect going forward?

There will be no change in day-to-day operations as a result of today’s announcement. NovaWave will become part of Thermo Fisher Scientific. We will follow up with additional information as it becomes available through the integration. Going forward, customers and partners should expect the same high level of quality service and responsiveness they have come to rely on from NovaWave.

How will the new business fit into the existing structure of Thermo Fisher Scientific?

NovaWave will become part of the Analytical Instruments Group.

Will the NovaWave name live on?

Details regarding branding decisions will be reconciled through the integration process. We fully expect that all product names will be maintained under the Thermo Scientific umbrella.

How does this impact our current relationship with NovaWave?

Customer commitment and minimizing disruption to our collective business operations remain our highest priorities. As such, all current NovaWave products will continue to be fully supported with the same high level of quality and service you have come to expect. Your primary contacts at NovaWave will continue to be your primary contacts, and any existing contracts or commitments you have will remain in effect. We look forward to working with you to minimize any disruption this acquisition may cause and ensure that our mutual customers continue to receive a world-class experience.

Will existing distribution or supplier contracts continue to be honored? Will future contracts be negotiated in the same manner?

Existing contracts will continue to be honored. We will provide additional guidance as the integration progresses regarding the signing & negotiation of future contracts and which legal entity you will be contracting with.

Will this impact existing orders?

There will be no change in existing orders. Please continue to order from NovaWave as you always have. Our customers should expect the same timely delivery and customer service they have always received from NovaWave and our certified channel partners around the world.

Is my software support and hardware warranty still valid?

All support and warranty contracts will be honored, and you’ll receive the same high-quality support you’ve always received from NovaWave. From basic inquiries to complex spectral analysis, we’ll continue to support our customers, whatever requirements they may have.

I have an active quote for NovaWave products. Will NovaWave terms be honored?

All open quotes will be honored.

Does my point of contact at NovaWave change?

No. You should continue to work with your day-to-day point of contact. General inquiries can be sent to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Installed NovaWave customers can contact the customer support team: