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Olympus Diagnostica Purchases Majority Of Stream Line GmbH
(Acquisition expected to bolster company’s position in laboratory automation)

Melville, N.Y. (January 24, 2003) - Olympus Diagnostica GmbH has announced the acquisition of the majority of Stream Line GmbH, a leading clinical laboratory automation manufacturer.

The acquisition is a further development of the worldwide sales and marketing agreement between Olympus and Stream Line for the OLA2500 laboratory automation system manufactured by Stream Line. Stream Line will remain under the leadership of Dr. R. Hecht who will report to Olympus Diagnostica CEO Dr. H. Koehler.

"The new agreement was established to strengthen Olympus' presence in the area of laboratory automation and to accelerate the future development of the OLA2500," said Dr. Koehler.

The Olympus OLA2500 is a modular laboratory automation system with aliquotting and pre- and post-analytical sample processing capabilities designed for use within medium to high volume clinical labs and sample processing departments. Olympus OLA2500 systems are sold in the U.S. through Olympus Diagnostic Systems Group, Melville, NY.

The Olympus OLA2500 is one of the most successful laboratory automation systems in the market with nearly 100 worldwide units installed. The new software and hardware enhancements of the Olympus OLA2500 Series III will speed up the placement rate of the system and strongly increase Olympus' competitiveness.

Research and development of Stream Line will remain in Umkirch (Germany), manufacturing will remain in the new facilities in Freiburg (Germany).

About Olympus Diagnostic Systems Group
Since 1981, Olympus Diagnostic Systems Group has provided innovative solutions that meet the high productivity demands of hospitals, integrated health care delivery networks, reference laboratories, blood banks and pharmaceutical laboratories. Offering the broadest standardized line of random access, chemistry-immuno analyzers and laboratory automation systems, Olympus' solutions save laboratories time, maximize productivity and deliver fast, reliable results.

Olympus Diagnostic Systems Group also offers rapid response technical support nationwide through Olympus Technical Services. Service and support are available to customers seven days a week, 24 hours a day, by calling 1-800-223-0130. From telephone troubleshooting and remote modem diagnostics…on-site customer training and service for hardware, software, application support…as well as training and field support at Olympus' Irving, Texas facility…Olympus Diagnostic Systems Group provides comprehensive customer-tailored solutions to ensure maximum system uptime with reliable results.

For additional information about the Olympus product line, and other services, please call the Olympus Diagnostic Systems Group at (800) 223-0125, or visit the Olympus web site at www.olympusamerica.com.

About Olympus
Olympus Optical Co., Ltd., with its wholly owned subsidiaries, is a global leader in designing, manufacturing and marketing optical-digital product solutions for health care and consumer segments. The company leverages R&D investment in technology and manufacturing processes across diverse business lines that include:

  • minimally invasive diagnostic and surgical endoscopes;
  • advanced clinical and research microscopes;
  • chemistry-immuno analyzers and lab automation systems; and
  • digital and film cameras, and digital voice recorders.
  • In the U. S. and Canada, Olympus America Inc. serves health care, scientific and commercial laboratory markets with integrated product solutions and financial and other service offerings and is the leading brand in gastrointestinal endoscopy and clinical and educational microscopes. The company's market-leading consumer camera products and services business spans North and South America. Olympus America Inc. works collaboratively with its customers and parent company to develop state-of-the-art products and services that are innovative, intelligent, and easy to use. For more information, visit www.olympusamerica.com.