TECHNE CORPORATION
HomeCompany NewsFinancial InformationAbout TechneMap - DirectionsProductsContact Us

Press Release - September 1, 2007

R&D SYSTEMS, INC. ANNOUNCES THE OPENING OF R&D SYSTEMS CHINA

Minneapolis/September 1st, 2007/-- R&D Systems, Inc., a wholly owned subsidiary of TECHNE Corporation (NASDAQ: TECH) today announced the official opening R&D Systems China Co. Ltd., a Wholly Owned Foreign Enterprise (WOFE), which has been established for the purpose of improving the level of service offered to R&D Systems’ distributors and customers in China.  R&D Systems China Co. Ltd. will operate as a warehouse/distribution hub for R&D Systems’ cell biology research products and will also provide technical services and marketing support for the Chinese market.

Mr. Thomas E. Oland, President and CEO of R&D Systems, said “The People’s Republic of China is a key strategic market for R&D Systems.  As a leading supplier of cell biology research products to the Chinese biomedical research community, we recognize the need to build the infrastructure necessary to provide the superior level of customer support traditionally associated with the R&D Systems brand.  The investment in establishing R&D Systems China demonstrates our commitment to support our distributors and customers in this rapidly expanding market.”

With its administrative offices in Shanghai, and its warehouse distribution facility located in a tax-bonded zone conveniently close to Shanghai Pudong International Airport, R&D Systems China is ideally situated to offer excellent logistics for distribution of products to customers throughout China.

It is anticipated that by mid-September the warehouse will be fully stocked with products frequently ordered by our Chinese customers.  By October 1, 2007 R&D Systems China should be fully operational.

Dr. Wendy Shao, General Manager of R&D Systems China Co. Ltd., said “R&D Systems China will enhance the level of service provided to our distributors and customers in three important ways.  First, delivery time for many of our most popular products will be significantly shortened.  We understand that fast delivery is very important to our customers, and by holding inventory in our temperature-controlled warehouse in Shanghai we will be able to respond more swiftly to fill customer orders.  Second, our highly qualified technical service team will now offer product support and advice to our Chinese distributors and customers in local language and without time zone-related delays.  Finally, R&D Systems China staff will be available to visit and meet with distributors and customers in their facilities and at local scientific meetings and trade shows to provide product information and training.”

To learn more about R&D Systems China Co. Ltd., you may visit their website at www.RnDSystemsChina.com.cn

Forward Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Litigation Reform Act.  These statements involve risks and uncertainties that may affect the actual results of operations. The following important factors, among others, have affected and, in the future, could affect the Company’s actual results: the introduction and acceptance of new biotechnology and hematology products, the levels and particular directions of research by the Company’s customers, the impact of the growing number of producers of biotechnology research products and related price competition, the retention of hematology OEM and proficiency survey business, the impact of currency exchange rate fluctuations, and the costs and results of research and product development efforts of the Company and of companies in which the Company has invested or with which it has formed strategic relationships.  For additional information concerning such factors, see the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission.  We undertake no obligation to update or revise any forward-looking statements we make in this release due to new information or future events.  Investors are cautioned not to place undue emphasis on these statements.

*  *  *  *  *  *  *  *  *  *  *  *  *  *

Techne Corporation has two operating subsidiaries:  Research and Diagnostic Systems, Inc. (R&D Systems) of Minneapolis, Minnesota and R&D Systems Europe, Ltd. (R&D Systems Europe) of Abingdon, England.  R&D Systems is a specialty manufacturer of biological products.  R&D Systems has two subsidiaries, BiosPacific, Inc. (BiosPacific), located in Emeryville, California and R&D Systems China Co. Ltd., (R&D Systems China), located in Shanghai, China.  BiosPacific is a worldwide supplier of biologics to manufacturers of in vitro diagnostic systems and immunodiagnostic kits. R&D Systems China and R&D Systems Europe distribute biotechnology products.

Contact: 
R&D Systems, Inc.
Greg Melsen, Chief Financial Officer
Kathy Backes, Controller
(612) 379-8854

R&D Systems China, Co. Ltd.
Wendy Shao, General Manager
+86(21)5238037







Home - Company News - Financial Information - About TECHNE - Map/Directions - Products - Contact Us

TECHNE CORPORATION
614 McKinley Place N.E.    Minneapolis, MN 55413-2610
Phone: (612)379-8854   Fax: (612)379-6580
e-mail: techinfo@techne-corp.com


* Up to a 15 minute delay on Market Overview. Please consult your financial advisor for an up-to-minute quote.
Quote provided by Barchart.com.