Quasar Medical Boosts Medical Device Innovation with Medres Acquisition

Quasar Medical, a global contract development and manufacturing organization (CDMO) specializing in minimally invasive medical devices, announced the acquisition of the Medres' Nitinol Design and Development Center in San Diego, California, today. The acquisition significantly expands Quasar's capabilities in advanced Nitinol design, development, and manufacturing, while strengthening its global technology organization under the leadership of Christine Trepanier, Senior Vice President of Technology.

As demand continues to grow for increasingly sophisticated minimally invasive devices, Nitinol remains one of the industry's most important enabling technologies. By integrating the San Diego team into Quasar's global engineering and manufacturing network, customers will gain access to expanded technical expertise, accelerated product development, and a seamless path from concept through commercial manufacturing at Quasar's Tecate, Mexico facility, just a 1-hour drive from San Diego.

Alex Wallstein, Chief Executive Officer of Quasar Medical, said:

"The acquisition of the San Diego Nitinol Design and Development Center represents a step change as part of Quasar's long-term growth strategy. Nitinol is a foundational technology for many of today's most advanced devices, both in minimally invasive disposables and implantables. Leading the integration of the new San Diego site with our other development centers in Israel and Galway will be no other than Christine Trepanier, our SVP Technology and a recognized leader in surface technology. In addition, we are adding visionary talent, including Tom Duerig, Senior Advisor, who introduced Nitinol to medical devices as founder of NDC. This is a significant upgrade of Quasar to a whole new level of expertise."

Expanding Quasar's Technology Platform

The San Diego facility will become Quasar Medical's Nitinol Design and Development Center, serving as a hub for advanced Nitinol design, development, process engineering, and manufacturing. Working alongside Quasar's global technology and manufacturing teams, the facility will support customers throughout every stage of the product lifecycle—from concept development and prototyping through process validation and high-volume production.

The acquisition enhances Quasar's ability to provide:

• Comprehensive Nitinol Expertise. Advanced design, development, prototyping, process optimization, and precision manufacturing capabilities, including laser cutting, shape setting, and electropolishing.
• Integrated Product Development. Early engineering collaboration combined with Quasar's expertise in catheters, balloons, steerable systems, microsensors, and complex assemblies.
• Accelerated Time to Market. Seamless transition from innovation and prototype development to global commercial manufacturing.
• Global Scale and Quality. Access to Quasar's worldwide manufacturing network, supported by ISO 13485-certified facilities and proven operational excellence.

Christine Trepanier, Senior Vice President of Technology at Quasar Medical, said:

"The addition of the San Diego Nitinol Design and Development Center significantly strengthens Quasar's global technology organization. By bringing together world-class Nitinol expertise with our existing design, development, and manufacturing capabilities, we can support customers earlier in the product lifecycle and provide a seamless path from concept through commercialization. This investment expands our ability to solve complex engineering challenges while accelerating innovation for the next generation of minimally invasive medical devices."

The acquisition reflects Quasar's continued investment in advanced technologies and engineering expertise, enabling medical device innovators to develop increasingly complex, high-performance products while leveraging Quasar's global manufacturing capabilities for successful commercialization.

Dr. Chris Cheng, CEO and Chairman of Medres International, said:

"We are excited about the future of the Nitinol Center we built within Medres. We are confident that under the stewardship of Quasar, the Nitinol Center in San Diego will thrive with dramatically increased resources and customer reach to achieve its full potential. While Medres will fully support Quasar in the transition, the divestiture of this site also enables Medres to focus on the growth of our headquarters in Hungary."