LAVAL, QC, Oct. 2 /CNW Telbec/ - LAB Research Inc. ("LRI" or "LAB
Research") (TSX: LRI), a rapidly growing global non-clinical contract research
organization, is proud to announce the completion of the 59,000 square feet
Hungarian plant expansion bringing the total capacity of the facility to
164,000 square feet. The expansion adds 30 large animal rooms capable of
housing up to 480 animals and has been designed to meet and exceed the new
European animal welfare standards.
"This expanded facility now represents one of the largest dog housing
facility in Europe and will provide our Hungarian site with the necessary
elements to attract a wider range of sponsors for general toxicology services
as well as help promote our existing inhalation toxicology capabilities to the
biotechnology and pharmaceutical customers" said Mr. Mainville, President and
CEO of LAB Research. "With this expansion completed, we have added the
necessary capacity to more than double the site revenues over the coming
years" concluded Mr. Mainville.
About LAB Research Inc.
LAB Research is a global non-clinical contract research organization that
provides contract research services to the pharmaceutical, biotechnology,
agro-chemical, petro-chemical and industrial markets. LAB Research supports
the development of its customers' products from three state-of-the-art
facilities located in Canada, Denmark and Hungary. LAB Research's shares trade
on the TSX under the symbol "LRI", with 18.0 million shares outstanding.
For further information:
For further information: Luc Mainville, Chief Executive Officer, LAB
Research Inc., (450) 973-2240, Ext.: 1206, firstname.lastname@example.org; Media
and Investor: Dominic Sicotte, Echoes Financial Network Inc. (866) 633-9551,
(514) 842-9551, email@example.com