Oxford Instruments Signs Contract Extension with Varian Inc.
Oxford Instruments plc announced that it has signed a new contract with Varian Inc. for the continued supply of Nuclear Magnetic Resonance (NMR) products, including superconducting magnets for Varian´s NMR instruments. The three-year contract builds on the current long-standing supplier agreement with both companies and specifies minimum volumes of business until March 2006 and a framework for supply covering the subsequent two years. Oxford Instruments has been supplying the majority of magnets to Varian for NMR spectroscopy measurements which are used in drug discovery and other applications.
The contract extension will cover the continued supply of the majority of Varian´s requirements for the current range of NMR magnets. Oxford Instruments will continue to develop new and differentiated products for the NMR marketplace in general, as well as other markets.
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