News

Whitland, Wales, UK, 23rd May 2013: Magstim, an innovative & award winning Wales-based medical device manufacturer, has acquired Seren Medical Ltd a Cardiganshire (Wales, UK) based medical device distributor.

As of April 24^th 2013 The Magstim Company Ltd was successful in acquiring Seren Medical Ltd, a privately owned medical device distributor based in Cardigan, West Wales. Founded in 2003, Seren Medical, owned by Dr Catherine Davies and Mr Robin Davies specialised in the sale of equipment in the neuro-imaging, stimulation and monitoring environments.

By joining The Magstim Company Ltd, Seren Medical will transfer its exclusive distribution rights for Neurosurgical Navigation and Imaging; Pre-surgical mapping products of Sonowand and ANT Visor respectively. After a record breaking turnover for 2012/13, The Magstim Company will look to significantly increase sales with the acquisition of Seren and its product range.

"The acquisition of Seren Medical by Magstim is a fantastic opportunity to align synergetic neurological products into market, contributing to Magstim’s ambitious plans for growth." – Mr Robin Davies.

Magstim is renowned in its field as the manufacturer of the most widely-used TMS (Transcranial Magnetic Stimulation) Stimulator in the world. These stimulators are used by neuroscience researchers to investigate the connectivity of the brain, with results that have implications for the diagnosis and treatment of Multiple Sclerosis, Central Motor Disorders, Motor Neurone Disease and Spinal Injury. Magstim is also responsible for the Neurosign range of intra-operative monitors and accessories, which are routinely used by ENT (Ear, Nose and Throat) surgeons to protect vital facial nerves during complex surgery.

Notes to The Editor

The Magstim Company Limited design, develop and market medical devices used in neuroscience research labs and the operating theatre. It started trading in 1990 and last year won the Queen’s Award for increasing its overseas earnings by 66% to over £7 million per annum and selling 84% of its production overseas. It also featured in the ‘Fast Growth 50’ of Welsh Companies.

Magstim provide clinicians and researchers with state-of-the-art stimulation and monitoring equipment to facilitate the assessment, protection and improvement in function of the human nervous system, with effort focused on applications related to magnetic neurological stimulation and intra-operative nerve monitoring. The company has longstanding contacts with key opinion leaders within the clinical and academic sectors.

Magstim is also responsible for the Neurosign range of intra-operative monitors and accessories, which are routinely used by ENT (Ear, Nose and Throat) surgeons to protect vital facial nerves during complex surgery.

Please see www.magstim.com and www.neurosignsurgical.com for more information.

Minimum Qualifications:

Preferably candidates should have a bachelor’s degree in physics or a related discipline (eg: medical physics, materials science). Candidates without a bachelor’s degree qualification will only be considered if they can provide clear evidence of a robust knowledge and understanding of physical principles and can demonstrate a track record of achievement in the field.

Experience:

At least 5 years of relevant post-graduate experience, either within an industrial or an academic environment.

Essential Skills:

• Sound understanding of physics, particularly in the field of electromagnetism

• Understanding of the properties of different materials, including biocompatibility

• Literate in basic PC based tools (MS Word, Excel, etc.)

• Ability to write clear, concise and unambiguous technical documents (specifications, test reports, etc.)

Desirable Skills:

• Simulation tools (stress, thermal, etc.)

• Basic understanding of human physiology

• Understanding of formal risk management techniques

• FMEA or other formal methods of assessing device failure

Personal Characterists:

• Good interpersonal skills - able to establish productive working relationships with peers providing other engineering skills, as well as colleagues representing other functions in the company

• Self-starter, pro-actively anticipates and resolves problems

• Motivated and willing to undertake additional training to gain knowledge in other areas of the design process

Salary:

Negotiable, dependant on qualifications

Note to Recruitment Agencies

Should you wish to contact Magstim for job related enquiries please contact: anne-maria.nicholas@magstim.com

Minimum Qualifications:

Preferably, candidates should have a bachelor’s degree in software or electronics engineering, mathematics or another related discipline (not IT or computer science). Candidates without a bachelor’s degree qualification will also be considered if they can provide clear evidence of a robust knowledge and understanding of embedded software design and can demonstrate a track record of achievement in the field.

Experience:

At least 5 years of relevant experience, preferably in the development of medical, technical or scientific instrumentation products.

Essential Skills:

• Structured software design, preferably in compliance with IEC 62304

• Familiarity with embedded operating systems (eg: proprietary RTOS’s, Linux, CE, etc.)

• Fluent in ‘C’, C++, C#

• Experience with third party GUI tools

• Algorithm development

• Literate in basic PC based tools (MS Word, Excel, etc.)

• Ability to write clear, concise and unambiguous technical documents (specifications, test reports, etc.)

Desirable Skills:

• A basic understanding of electronic hardware
• Understanding of formal risk management techniques

Personal Characteristics:

• Good interpersonal skills - able to establish productive working relationships with peers providing other engineering skills, as well as colleagues representing other functions in the company.

• Self-starter, pro-actively anticipates and resolves problems.

• Motivated and willing to undertake additional training to gain knowledge in other areas of the design process.

Salary:

Negotiable, dependant on experience and qualifications.

Note to Recruitment Agencies:

Should you wish to contact Magstim for job related enquiries please contact: anne-maria.nicholas@magstim.com

Minimum Qualifications:

Preferably, candidates should have a bachelor’s degree in electronic engineering or a closely related discipline (eg: physics, medical physics). Candidates without a bachelor’s degree qualification will also be considered if they can provide clear evidence of a robust knowledge and understanding of electronics engineering and can demonstrate a track record of achievement in the field.

Experience:

At least 5 years of relevant experience, preferably in the development of medical, technical or scientific instrumentation products.

Essential Skills:

1. Hardware Design, both analogue and digital, involving:

• Analogue signal conditioning (amplification/filtering)
• Data acquisition
• Power Supplies (switch-mode and linear)
• Embedded microprocessors/microcontrollers/DSP
• Programmable logic devices (CPLD, FPGA)
• Discrete semiconductors

2. Schematic capture/PCB Design tools (eg: Altium, OrCAD)

3. Embedded Firmware/Software development using "C"

4. Literate in basic PC based tools (MS Word, Excel, etc)

5. Ability to write clear, concise and unambiguous technical documents (specifications. test reports, etc)

Desirable skills

• Simulation tools (Spice, etc)
• Design for compliance to international EMC and safety standards
• Understanding of formal risk management techniques
• FMEA or other formal methods of assessing device failure

Personable Characteristics:

• Good interpersonal skills - able to establish productive working relationships with peers providing other engineering skills, as well as colleagues representing other functions in the company.

• Self-starter pro-actively anticipates and resolves problems.

• Motivated and willing to undertake additional training to gain knowledge in other areas of the design process.

Salary

Negotiable, dependant on qualifications

Note to Recruitment Agencies

Should you wish to contact Magstim for job related enquiries please contact: anne-maria.nicholas@magstim.com

Whitland, Wales, UK, 3 August 2012: Magstim, an innovative & award winning Wales-based medical device manufacturer, has announced two new important additions to its Board of Directors.

Richard Whittington

Richard Whittington has been appointed as Chairman of the Magstim Board. Richard is a chartered accountant and recently retired from KPMG as a senior partner where he was Partner-in-Charge of the Infrastructure, Government and Healthcare audit group and simultaneously Global Head of Building and Construction, based in London. He worked with many clients over the years ranging from listed international businesses to smaller owner managed entities and in four different KPMG offices, including Hong Kong.

Dr. Daniel Roach

Dr Daniel Roach joins the Magstim Board as a Non Executive Director. In 1993, Daniel joined Advanced Technology Management Limited (ATM), which helped form and seed nine companies, seven of which are listed on Stock Exchanges - Acambis, Chiroscience, CeNeS, Core, Lidco, Oxford Biomedica and Salix. He co-founded Peptide Therapeutics (now Acambis) in 1993, CeNeS in 1996, Amura in 1997. He is currently an investment director of Avlar.

Magstim is renowned in its field as the manufacturer of the most widely-used TMS (Transcranial Magnetic Stimulation) Stimulator in the world. These stimulators are used by neuroscience researchers to investigate the connectivity of the brain, with results that have implications for the diagnosis and treatment of Multiple Sclerosis, Central Motor Disorders, Motor Neurone Disease and Spinal Injury. Magstim is also responsible for the Neurosign range of intra-operative monitors and accessories, which are routinely used by ENT (Ear, Nose and Throat) surgeons to protect vital facial nerves during complex surgery.

"Richard & Daniel will both bring a wealth of expertise in finance and of rapidly expanding companies" says Robin Davies, Magstim’s Managing Director. "Their input will ensure that the company continues in and expands on its international success, and capitalises on new clinical market opportunities that are emerging."

# # #

Notes to The Editor

EMBARGO:
NOT FOR PUBLICATION BEFORE 00.01 HOURS ON 3^rd AUGUST 2012

The Magstim Company Limited design, develop and market medical devices used in neuroscience research labs and the operating theatre. It started trading in 1990 and last year won the Queen’s Award for increasing its overseas earnings by 66% to over £7 million per annum and selling 84% of its production overseas. It also featured in the ‘Fast Growth 50’ of Welsh Companies.

Magstim provide clinicians and researchers with state-of-the-art stimulation and monitoring equipment to facilitate the assessment, protection and improvement in function of the human nervous system, with effort focused on applications related to magnetic neurological stimulation and intra-operative nerve monitoring. The company has longstanding contacts with key opinion leaders within the clinical and academic sectors.

Magstim is also responsible for the Neurosign range of intra-operative monitors and accessories, which are routinely used by ENT (Ear, Nose and Throat) surgeons to protect vital facial nerves during complex surgery.

Please see www.magstim.com and www.neurosignsurgical.com for more information.

Whitland, Wales, UK, 10 April 12: An innovative, Wales-based medical device manufacturer has announced Robin Davies as its new Managing Director.

The Magstim Company Limited design, develop and market medical devices used in neuroscience research labs and the operating theatre. It started trading in 1990 and last year won the Queen’s Award for increasing its overseas earnings by 66% to over £7 million per annum and selling 84% of its production overseas. Because of this performance, the company also featured in the ‘Fast Growth 50’ of Welsh Companies.

Robin Davies joined Magstim on 2^nd April 2012 with 28 years experience in the Medical Device sector, and he plans to build upon this success.

Robin Davies, Magstim's new Managing Director

"It is an honour to be appointed to this role" says Managing Director Robin Davies. "I have previously been on the Board of the company, and since I originally left I have worked as a Vice President for an international Canadian Medical Device Manufacturer as well as set up my own neurosurgical imaging company, Seren Medical. I feel I bring back with me a wealth of experience that I will share with colleagues as we navigate the difficult economic times that face the world, and all businesses, as a whole." Robin, born in Cardiganshire, is also pleased to be associated with a company that is not only a leader in its field, but deeply Welsh in its roots. "It’s a homecoming in more ways than one."

Magstim is renowned in its field as the manufacturer of the most widely-used TMS (Transcranial Magnetic Stimulation) Stimulator in the world. These stimulators are used by neuroscience researchers to investigate the connectivity of the brain, with results that have implications for the diagnosis and treatment of Multiple Sclerosis, Central Motor Disorders, Motor Neurone Disease and Spinal Injury. Magstim is also responsible for the Neurosign range of intra-operative monitors and accessories, which are routinely used by ENT (Ear, Nose and Throat) surgeons to protect vital facial nerves during complex surgery.

Notes to The Editor

Magstim provide clinicians and researchers with state-of-the-art stimulation and monitoring equipment to facilitate the assessment, protection and improvement in function of the human nervous system, with effort focused on applications related to magnetic neurological stimulation and intra-operative nerve monitoring.

Magstim has gained an international reputation for the development, manufacture and distribution of electronic medical devices and has longstanding contacts with key opinion leaders within the clinical and academic sectors.

Please see www.magstim.com and www.neurosignsurgical.com for more information.