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Paragon Medical Enters Into Agreement With Hand Industries

    (Pierceton, IN) –  Paragon Medical, Inc. strengthened their position as a preferred supplier to the world- wide medical device marketplace by announcing that it has entered into a strategic alliance with Hand Industries, Inc., a Warsaw, Indiana based specialist in metal finishing.  The companies will combine several resources to create a cell that will reside within Paragon’s newly remodeled 100,000 square foot building, and have a concentration on grinding and finishing of femoral knee components. Tobias Buck, Chairman and CEO of Paragon Medical stated, “Our two companies posses extensive expertise in processing femoral components, but when you merge our base of knowledge and 65 years of combined experience, the synergy created brings outstanding benefits to the medical device industry.” Although the companies expect to have the new equipment for the femoral cell in place within the next several weeks, production will begin immediately with existing equipment on several new opportunities.

 About Paragon Medical, Inc.

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical's utilization of advanced manufacturing technology, UG® certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana; Memphis, Tennessee; Fairfield, New Jersey; Pompano Beach, Florida; Smithfield, Utah; and Lausanne, Switzerland. More information about the company may be found at www.paragonmedical.com.

 About Hand Industries, Inc.

Established in 1956, Hand Industries is one of the largest outside processors of orthopedic metal finishing in the United States.  Having processed in excess of 1,000,000 prosthetic components, Hand Industries has acquired extensive expertise in a wide range of metal finishing services including polishing, buffing, sand-blasting, inspection and cleaning. Their quality metal finishing services are geared to meet both high and low volume demands while managing the difficult requirements of very tight tolerances. With specialty departments that include research and development engineers, Hand Industries produces small quantity custom products and manages a wide range of prototypes for product development applications. Offices and production facilities are located in Warsaw, Indiana.  More information about the company may be found at www.handindustries.com