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Medical Coatings Developer Acquires R&D Facilities

Fort Washington, PA (September 9, 2003) -- Biocoat, Inc., an R&D company specializing in HYDAK® biomaterials coatings for medical device applications has acquired the assets of Beacon Research, Inc.

Beacon Research, established as a non-profit research company affiliated with Arcadia University, was incorporated in 1986. It's laboratories and facilities are located in Glenside, PA. Prior to the acquisition, Biocoat had contracted with Beacon Research for manufacturing and research and development. Biocoat plans to continue operating the Glenside facilities while retaining the former Beacon Research employees.

"This is a significant step forward in positioning Biocoat for future growth in the biomedical industry," said Djoerd Hoekstra, President and CEO.

Biocoat, incorporated in 1991, licenses its patented and proprietary biomaterial coatings technologies to medical manufacturers under the HYDAK® brand name. In addition, the company also manufactures the new HBA In Vitro Diagnostic Assay.

For more information about Biocoat's coatings and assay products, call 215-654-1377 or visit www.biocoat.com.



Biocoat, Inc.
211 Witmer Road, Horsham, PA 19044
Tel: 215-734-0888   Fax: 215-734-0889

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