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Biotech / Medical : Immucor -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (415)	8/12/2002 10:58:10 AM
From: Ron	Read Replies (1) \| Respond to of 422

NORCROSS, Ga., Aug. 12 / Immucor, Inc. (Nasdaq: BLUD), a global leader in providing automated instrument-reagent systems to the blood transfusion industry, refuted today an August 8, 2002 research report by Sterling Research, a division of Sterling Financial Investment Group. Edward L. Gallup, President and Chief Executive Officer of Immucor, said, "This is a very serious misunderstanding of the facts. Immucor believes Sterling's August 8 research report is based almost entirely on serious factual inaccuracies concerning Olympus, an instrument manufacturer that uses Immucor's FDA-licensed reagents on its PK7200 automated blood donor instrument. The Sterling report concludes that a significant amount of Immucor's revenues are exposed to potential erosion because Olympus controls a major portion of the North American blood-testing market and is getting ready to sell its own reagents in competition with Immucor. In fact, Olympus operates in an important but relatively small part of Immucor's overall blood- testing market, and the FDA-licensed reagents Olympus intends to use on its instrument have been developed and manufactured by Immucor's wholly-owned subsidiary, Gamma Biologicals, Inc." Mr. Gallup added, "Reagent sales for the Olympus instrument are not material to Immucor's operations." Immucor has demanded that Sterling immediately correct all inaccuracies in the report. Founded in 1982, Immucor manufactures and sells a complete line of reagents and systems used by hospitals, reference laboratories and donor centers to detect and identify certain properties of the cell and serum components of blood prior to transfusion. Immucor markets a complete family of automated instrumentation for all of our market segments. For more information on Immucor, please visit our website at www.immucor.com .