Triple Ring Technologies Partners with Product Realization Group

NEWARK, Calif., May 27 /PRNewswire/ -- Triple Ring Technologies, a Newark, CA-based provider of technology and product development services, announced today that it has joined the Product Realization Group (PRG), a leading provider of one-stop outsourcing services for the medical device community, as a Senior Partner. In addition, Geetha Rao, Triple Ring's Vice President of Strategy and Risk Management, has joined PRG's Board.

Speeding Time to Market for Medical Device Entrepreneurs

The new relationship allows Triple Ring to offer a broader level of expertise and resources in the development of diagnostics, therapeutic, and imaging systems for medical device and life science companies. Working together, the two organizations can offer clients a coordinated, seamless transfer between phases of a developmental project, speeding time to market and reducing the chance for miscommunications between non-coordinated development teams during project handoffs. As a result, medical device entrepreneurs will be able to work with a single entity on all aspects of a development project, from building a prototype and clinical proof of concept through the production of initial commercial units for pilot manufacturing.

Joe Heanue, President of Triple Ring, said the strategic partnership will provide significant leverage to companies who want to explore a virtual business model. "Our goal is to help entrepreneurs get their company's products to market quickly without investing the time and resources to build a development team and infrastructure from scratch," he said. "PRG is a strong partner that allows us to leverage our strengths further down the development path into other facets of product design and manufacturing."

"We've been looking for the company with the right capabilities to complement PRG's strengths," according to Michael Keer, CEO of PRG. "Triple Ring brings the front end research and development know-how to complement the strong operations expertise already in the group, and they share both our approach to solving difficult technology problems as well as our core values."

About Dr. Geetha Rao

Dr. Geetha Rao, VP Strategy/Risk Management at Triple Ring Technologies, Inc. has 25 years' experience with high-risk technologies, as an advisor and interim executive to medical device, biotechnology and other life-sciences enterprises with a focus on emerging business challenges and operational excellence that meets best-in-class, international standards and regulatory requirements. She is an internationally recognized expert in risk management and liability, an invited expert to regulatory agencies, including the FDA, and she's served on ISO and IEC standards committees for quality management and risk management for medical devices and IT networks incorporating medical devices.

Dr. Rao currently chairs the ASQ Biomedical Division's Northern California Discussion Group and the Life Sciences Program Committee for Astia, the leading organization supporting women-founded and women-led start-ups, and she's been a guest faculty member at Stanford University's Biodesign Innovation Program. She is a graduate of the Indian Institute of Technology, Madras, and she holds a doctorate from MIT and a master's degree from Stanford University's Graduate School of Business.

"Geetha Rao's leadership in the Silicon Valley medical device entrepreneur and regulatory consulting communities makes her an excellent addition to the Product Realization Group," said Keer. "Her commitment to fostering innovation and cultivating emerging businesses is evidenced by her leadership role at Astia, as well as establishing the MedTech Frontiers program at Triple Ring."

About PRG

PRG, located in Menlo Park, CA, is a unique combination of senior consultants and companies who have come together to offer a "one-stop-shop" of services for businesses to optimize their product development and outsourced manufacturing processes. Services are delivered with the highest level of expertise and customer services in the industry. The PRG currently supports over 400 high technology companies in 20 markets, within the medical, clean-tech, computers/communications, and consumer products industries.

About Triple Ring Technologies

Triple Ring Technologies, headquartered in Newark, CA, is an innovative research and development company that partners with clients to deliver complex technical solutions. Founded in 2004, Triple Ring's team of scientists and engineers provides leading edge, integrated technical design, engineering, and business services. Clients include entrepreneurs, established companies, and investors in the medical device, life sciences, optics, clean technology, and digital imaging fields.

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SOURCE Triple Ring Technologies