Paramit Expands Global Footprint with Better-than-Best-in-Class Medical Device Manufacturing Facility in Penang, Malaysia

MORGAN HILL, Calif. and PENANG, Malaysia – November 11, 2015 – Paramit Corporation, the “zero-defect” medical device and life sciences contract manufacturer, today announced the groundbreaking for its new 162,000 square foot manufacturing facility located in Penang, Malaysia. The facility will focus on complex medical devices and life sciences instruments, in addition to its current customer base in Malaysia. The new Penang site will be designed from the ground up to replicate the company’s unparalleled facility in California, which integrates proprietary processes to perform at better-than-best-in-class levels across quality, delivery, customer service and cost.

Paramit’s superior manufacturing quality comes from its long-time focus on assembling printed circuit board assemblies (PCBAs) at Six Sigma quality levels, combined with its patent-pending vPoke™ system that enables defect-free mechanical assembly. The vPoke system simplifies the mechanical assembly and testing of a complex product into hundreds or thousands of steps using sophisticated computer systems to validate and verify each step.

“Quality is critical, but the Paramit experience is about so much more than that,” said Paramit Chief Executive Officer Billoo Rataul. “Our culture is driven by a passion for improvement and an ingenious approach to solving problems. We deliver consistently exceptional performance and, ultimately, peace of mind to our customers.”

The company will transition its current customers and skilled workforce to the new facility upon its completion. The flexible, new facility will double the company’s current Penang capacity.

“A more sophisticated and larger Penang facility will enable us to expand our proprietary processes into Asia, improve workflow, and enhance our overall global capability for both current and new customers,” said Atul Jhalani, Paramit Vice President of Sales and Marketing.

The architecture of the new Penang facility addresses the unique characteristics of the Malaysian climate and is designed to create maximum energy efficiency. For example, the facility will use canopies of trees to create shading and in-slab cooling to reduce power requirements, creating what is being called “the factory in the forest.” In addition, it is designed to be exceptionally employee-friendly, with gardens and waterfalls on multiple levels and large gathering spaces throughout the facility.

The Paramit facility will be located at Penang Science Park in Bukit Minyak, and is scheduled for completion in June 2016. It is expected to ultimately employ a workforce of 800.

About Paramit

Paramit Corporation delivers peace of mind for customers by manufacturing complex medical devices and life science instruments at better-than-best-in-class levels across quality, delivery, customer service and cost. Paramit’s unique approach incorporates a dedicated, engineering-driven team, proprietary processes, everyday ingenuity, high efficiency and full ownership of the manufacturing process. For more information on the Morgan Hill, CA-based company, please visit www.paramit.com.

Contact

Michelle McAdam, Chronic Communications, Inc.
michelle@chronic-comm.com
(949) 545-6654