Cogmedix Announces Record Growth in 2014

WORCESTER, Mass., Feb. 10, 2015 /PRNewswire/ -- Cogmedix, a wholly owned subsidiary of Coghlin Companies Inc. and a medical device engineering and manufacturing services provider to a broad range of medical and dental equipment innovators, announced significant growth in 2014. The launch of several new products as well as the expansion of several existing programs was credited for this record growth. The leadership team expects several initiatives in business automation to continue strengthening the company's position as the leader in medical device manufacturing.

"In 2014, Cogmedix sales grew by 40% while our talented team of caring associates increased by nearly 25%," said Matt Giza, Vice President and General Manager of Cogmedix. He continued, "Already this year we've added several new roles including associates in quality engineering, manufacturing engineering, product test, production supervision, and program management. This supports our growth and is part of our continued investment in our infrastructure."

With a strong product pipeline in several new market segments including imaging, blood management, and various detection and diagnostic technologies, Cogmedix is poised for additional growth in 2015. In January, the company announced it had completed its move to a larger, newly renovated corporate headquarters and state-of-the-art medical device manufacturing facility at 17 Briden Street in Worcester. This new location is adjacent to Worcester Polytechnic Institute (WPI)'s Gateway Park and Massachusetts Biomedical Initiatives (MBI). This relocation supports Cogmedix' growth by providing the additional capacity necessary to accommodate expanded complex electro-mechanical finished medical device manufacturing as well as purpose built test labs to support its growing niche in laser and optically based medical devices.

About Cogmedix:

Cogmedix is a team of talented and caring associates bringing OEM medical technology to life. Providing turnkey manufacturing services to a broad range of medical and dental OEM's, Cogmedix delivers high quality products to market with compliance, competence, and commitment. Cogmedix provides a high level of flexibility in product launch and demand management and aligns itself with innovative companies that maintain similar high standards in honesty and integrity. Cogmedix is a subsidiary of Coghlin Companies, Inc., a privately held concept to commercialization firm spanning four generations. Visit Cogmedix and sign up for the e-Newsletter at www.Cogmedix.com.

SOURCE Coghlin Companies

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