ITL (ITD)

Shares / Stock Code

ITD

Stock Exchange / Sharemarket

Australian Securities Exchange

ITL (ITD) specialises in creating medical devices and procedure kits for global healthcare markets. The company manufactures in Australia and Malaysia, exports into 35 countries and has representative offices in North America, Europe, and Asia. It was established in Canberra in 1994. ITL's initial focus was developing safety devices that addressed infection control issues for global healthcare markets.

Given the growing size of this market and the increasing trend towards safety regulation at that time, ITL initially targeted the blood collection market as its core focus for safety product development. In 2000, ITL established a dedicated manufacturing plant in Ipoh, Malaysia which manufactures almost all of the company's products. It was listed on the ASX on 29 October, 2003.

ITL supplies 160 private and public hospitals across Australia with its range of customised Procedure Packs and Kits. The company owns significant intellectual property including 10 global families of patents and several design registrations and trademarks, which form the basis of ongoing product development and commercialisation activity. A major restructuring of the ITL Group occurred in November 2004, resulting in one CEO and has streamlined business position for future growth.

ITL's major customers include private & public hospitals, GPs and other health professionals. Major competitors are companies that specialise in creating medical devices and procedure kits for health care markets.

Intellectual Property

ITL has a significant portfolio of Intellectual Property including patents, trademarks and registered designs for its innovative products. ITL is continually adding to its portfolio through its strong and continuous committment to research and development.

Manufacturing

In 2000, ITL established a dedicated manufacturing plant in Ipoh, Malaysia which manufactures almost all of the company's products. This facility ensures both quality and reliability for all products manufactured. ITL also has a manufacturing facility located in Melbourne which manufactures procedure kits for the Operating Room and other target Health care markets.

Acquisitions

In 2003, ITL made a major acquisition by purchasing Surgicare, a company that had been operating for 25 years and enjoyed a high market share in customised procedure packs for various medical applications. Now wholly integrated into ITL Healthcare, this synergistic fit with ITL's products ensures extensive cross-marketing for all product areas. In 2003, ITL also acquired CWP Design, an industrial design company. This acquisition has resulted in an integrated design-development-manufacture-market service.

ITL (ITD) Products and Services

  • Design, development, manufacturing and sale of medical products

ITL (ITD) Locations and Subsidiaries

ITL Head Office
1/63 Wells Road,
CHELSEA HEIGHTS, VIC, AUSTRALIA, 3196
Phone: (03) 8773 3050
Fax: (03) 8773 3059

Company Website

ITL (ITD) Share Price

Submitted by ASX Listed Company on 26 April, 2010 - 01:34

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