BioTek Instruments is celebrating the manufacture and shipment of the 1000th Galileo Echo automated blood testing instrument. This single instrument, manufactured by BioTek for Immucor, Inc (Norcross, GA), marks a milestone in the Winooski company's growth, accounting for an incremental $33 million in revenue, and $5 million in additional research and development, brought into Vermont since 2007.
BioTek continues to grow and flourish despite the global economic downturn. In its 42nd year, it continues to bring revenue into, and provide long-term employment for, the state of Vermont.
BioTek Quick Facts
· Global leader in the development, manufacture and sale of microplate instrumentation and software
· Privately held, founded in 1968 by University of Vermont physiologist Dr. Norman Alpert
· Headquartered in Winooski, VT; satellite offices in China, France, Germany, India, Singapore, Switzerland, United Kingdom
GROWTH
· 99.89% of revenue is brought in from out of state.
· Manufacturing output has increased 75% over the last 5 years
· R&D operations have increased 60% over the last 5 years
· Service revenue has grown by 153% over the last 5 years
· Three facilities expansions (scientific applications laboratory, manufacturing, service departments, completed in 2009, 2010) totaling 12,000 square feet were made possible with a Vermont Employment Growth Incentive (VEGI) grant.
ESPRIT DE CORPS
· Employs 250 Vermonters, with an average tenure of 10+ years (approx, 20% of employees average 20+ years) and 97% retention
· Lake Champlain Chamber of Commerce 2009 Business of the Year
· Vermont Business Magazine 2009 Best Place to Work, Large Company
· 2009 Deane C. Davis Outstanding Business of the Year nomination
Source: BioTek. 4.20.2010.