Putnam, CT (May 2004) - Foster Corporation's Applied Polymer Development (APD) group now offers custom polymer and process development services, unrelated to material purchased, to companies in the medical market. This unique step for a material supplier is representative of Foster's leadership in supporting medical device companies.
Many material companies link the quantity and quality of support services to the volume of material purchased. Small volume purchasers are required to buy minimum lots substantially greater than their consumption and often offered only minimal technical support.In contrast, Foster Corporation has been a dedicated material supplier to the medical market,where critical applications such as catheters and balloons consume relatively small quantities of material.
Foster has designed its operations to effectively and economically serve such applications, both with material and development support. Applied Polymer Development symbolizes Foster's recognition that material and process development services are often required to support customers who may not be in a position to commit to production material purchases immediately.According to Foster president Larry Acquarulo, Two major groups of companies are
underserved for polymer development support: Start-up medical device companies that lack internal development capabilities; and large medical device companies that lack available internal resources or specialty material skills.
APD seeks to provide these companies with optimal material solutions through our offering of the highest caliber polymer engineering, laboratory and processing equipment, without production obligations.The typical transaction in between a materials supplier and customer is made in dollars per pound of material purchased. APD offers services on time-based rates or project fees. All services are tailored to meet the application and budget requirements of clients. Foster Corporation is a global market leader in design, development and delivery of specialty thermoplastic solutions for medical market.
The company also provides a broad range of material, process and design contract engineering services for these target markets.
For more information, please call 860.928.4102.