Press Release 23 Sep 2014

Cork - September 23, 2014 - The Instruments Division of Stryker Corporation announced plans today to construct a new 44,000 square foot surgical Innovation Centre in Cork, Ireland.

The Innovation Centre, which will fuel future growth for Stryker, will focus on the research and development of products, technologies and solutions to reduce surgical procedure time and healthcare costs while improving surgical precision and clinical outcomes in the areas of bone cutting, soft tissue dissection and adjacent areas across a broad spectrum of surgical specialities and procedures.

The centre will combine all Ireland-based research and new product development activities and support functions within one purpose-built facility. It will feature state-of-the-art R&D facilities for product design and process development and a customer experience laboratory that will allow engineers and surgeons to test and evaluate new ideas, technology and product designs in a simulated operating room and surgical environment.

The construction of the facility will commence in Q4 2014 and is due for completion in Q4 2015.

Stryker Instruments President, Jim Heath, said: “We are excited about this important investment in our R&D efforts and the continued support of the IDA as we work to provide new technology to our customers. This state-of-the-art facility will drive innovation by giving us the ability to design, develop and test new products in conditions that mimic real life.”

Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: “This is great news for Cork and for Ireland. Stryker is one of the world’s leading medical technology companies and its decision to locate a state-of-the-art Innovation Centre in Cork is a great endorsement of Ireland’s strengths. Healthcare is a sector which we have specifically targeted as part of our Action Plan for Jobs and in recent years we have seen an impressive jobs performance in this area – today’s announcement is a further and very welcome boost for the sector. Stryker’s R&D activities in Ireland are supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.”

Martin Shanahan, CEO of IDA said: “This is exciting news from one of the world’s leading medical technology innovators. The company already has a strong presence in Ireland, employing over 2,200 people at its four sites in Cork and Limerick. The construction of this specialist R&D centre consolidates Stryker’s strong position in the medical technology sector in Ireland, enhances Ireland’s reputation as an excellent location for such development and will be of great benefit to the economy of the region.”

About Stryker
Stryker is one of the world`s leading medical technology companies and together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative medical technologies, including reconstructive, medical and surgical, and neurotechnology and spine products to help people lead more active and more satisfying lives. Stryker products and services are available in over 100 countries around the world. Please contact us for more information at www.stryker.com

Stryker established its presence in Ireland in 1998 and over the last 16 years has built a significant research and development competency. The Company continues to expand its manufacturing operations in Ireland through a combination of investment in leading-edge technology and strategic acquisitions. Stryker currently employs over 2,200 people in Ireland at four sites between Cork and Limerick, including over 150 individuals in Research and Development.

For further information please contact:
IDA Ireland: Ellen Lynch, Regional Press, Communications & PR Executive ellen.lynch@ida.ie

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