Tegent Technology and ACD/Labs announce their agreement which establishes Tegent as the master distributor of ACD/Labs's software in China, including Hong Kong and Macau
Tegent will distribute ACD/Labs's entire portfolio of software solutions to the chemistry-based research industry throughout China.
Based on data from the 2002 Global Assessment Report by Strategic Directions International, the laboratory life science and analytical instrument markets in Asia Pacific (excluding Japan) were valued at US$1.56 billion in 2001; a considerable portion stemming from China, which is growing at a rate of 25-30% per year.
As a result, ACD/Labs is presented with a vast market potential in China due to the expanding number of installments and increased utilisation of instruments in various applications for R and D and testing.
Ian Dugdale, vice president of sales for ACD/Labs, states, "We are now well-positioned, through our newly formed partnership with Tegent, to significantly expand our customer base in China. "ACD/Labs's innovative software solutions combined with Tegent's breadth of experience in the Analytical Instrument industry will enable both ACD/Labs and Tegent to better position themselves with key contenders in China's chemistry-based research industry".
Antony Williams, vice president and chief science officer at ACD/Labs, comments: "ACD/Labs has software installed in every country in the world, and as a global supplier we are conscious of the dramatic expansion of chemical and pharmaceutical development in China.
"In order to supply these organisations, we have formed an alliance with Tegent, which we identified as the ideal partner to enable our business in China.
"Tegent has been in the analytical instrument business since the early 1990s, and has established a solid track record in the chemistry-based research industry, offering application solutions that encompass sample preparation, testing, detection, analysis, systems integration, and maintenance services for a wide network of academic, government, and enterprise customers.
"In the dynamic and competitive analytical science market, our strategic position is always to keep ahead of the market trend.
"We are willing to invest and create a market for products of good value and high market potential.
"Meanwhile, we see ACD/Labs as the future 'Window' in Analytical Chemistry," said Edmond Lee, Director of Business Development at Tegent.
"With ever growing science and business opportunities in China, we are excited about the future.
"Our intention is to attain the highest standards of service and support for our existing and prospective customers in China through Tegent's competence and established reputation," adds K K Bhagchandani, director of Asia Pacific operations at ACD/Labs.
Val Kulkov, president and CEO at ACD/Labs also states, "We are looking forward to providing better access to our products and services for Chinese customers through our partnership with Tegent."
