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PRESS RELEASE

FOR IMMEDIATE RELEASE
Contact: Karwyn Bursma
Manager, Marketing
(616) 949.9090 x109
kbursma@psix.com

Performance Systematix Inc. Reaches 20-year Milestone
Celebrates with Grand Opening of New Global Headquarters

Grand Rapids, Mich. - May 20, 2004 - Performance Systematix Inc. (PSI) is celebrating 20 years of business success with the grand opening of its new global headquarters located at 5569 33rd Street, SE.

Designed by Integrated Architecture and built by Bowens Construction, PSI's 72,000 sq. ft. facility houses a state-of-the-art clean room, prototype and tooling areas, and expanded manufacturing and warehouse space. The work settings feature Steelcase furniture provided by Custer Office Environments and high-density warehouse shelving supplied by StelterPartners.

"Twenty years is a major milestone for our company," says President Karlis Vizulis." It seems like we started yesterday. When I look at where we are now, how far we've come as a company, it's fantastic. I'm humbled by how far we've come."

"Our company wouldn't be where it is today without our employees," says Karlis Mateus, Vice President and General Manager. "We're a close-knit group. Our new building was specifically designed with input from the employees to make sure we maintained what was important to us, yet improved how we work and interact with one another."

The building features a central gathering place called "the tube," a bi-section of the building where everyone meets for essential functions. The building features a fully equipped café and employee fitness center complete with weight machines, cardiovascular equipment and a plasma screen.

PSI began in 1984 when the founders, Karlis Vizulis and Charles von Reis, invented a faster, more consistent and cost-effective way to provide the medical and packaging industries with venting and filtering products.

"Our first customers had unique problems that other manufacturers thought were too difficult or unprofitable to take on, but PSI tackled and overcame these challenges," explains Vizulis. "As a result we have a reputation as a problem solver and expert manufacturer with many different capabilities."

Today PSI provides custom and standard solutions to a wide variety of markets around the world, including agro-chemical, bio-technical, chemical, forensic sciences, healthcare, industrial manufacturing, laboratory and analysis, medical products, packaging, petrochemical and pharmaceutical.

The company specializes in the integration of hydrophobic microporous membranes into plastic components used in laboratory analysis products, medical filters, and packaging applications. PSI has a strategic relationship with W.L. Gore & Associates, Inc., the makers GORE-TEX ® fabrics, ensuring that its products utilize only the highest quality materials.

One of PSI's newest products is the Disposable Infrared Sample Card Dot.IR card). Dot.IR cards are used by state crime labs to process evidence in high-profile crimes similar to those seen on CSI and Cold Case. In addition, the company's Dot.IR cards are currently being reviewed by the U.S. Department of Defense, Aberdeen Testing Laboratories, for use in detecting biological contaminants.

While PSI may not be a common household name, the company's Circumvent ® and Airfoil ® vented liner systems provide leak-proof seals for many common household items such as bleach, laundry detergents and garden fertilizers.

Products like these helped PSI achieved sales of more than $8 million in 2003. The company has consistently attained growth rates of 12 percent or better over the past 20 years. Privately held, PSI reinvests its profits in its people, technology, machinery and infrastructure.

Current Press:

Performance Systematix and Meyer Seals Announce Collaboration in Europe

Performance Systematix Inc. Invests for Growth Domestically and Internationally

PSI Introduces Only Vented Heat Induction Foil—ScentVent™

European Manufacturing Facility Enhances PSI Sales and Operations

Glenn Dunn Joins PSI as Vice President

 

Press Archive:

Karlis Vizulis of Performance Systematix Inc. Captures Ernst & Young Entrepreneur Of The Year® 2004 Award – June 28, 2004

Performance Systematix Inc. Reaches 20-year Milestone
Celebrates with Grand Opening of New Global Headquarters – May 20, 2004

Karlis Vizulis of Performance Systematix Inc. Named Finalist For Ernst & Young Entrepreneur Of The Year® 2004 Award – June 1, 2004

PSI Shares Expertise at MSU Safe Shipments Seminar – September 10, 2003

PSI Breaks Ground for New Facility – March 19, 2003

 

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© 2004 Performance Systematix Inc.

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