R & D Outsourcing
Piezo Resonance Innovations, Inc. (PRII) develops medical devices that exhibit greater performance than those currently available. Few companies in the medical device industry offer a mixture of talent with expertise in medical devices, active smart devices (such as piezoelectric actuators and motors), and system control. Larger manufacturers struggle with the agility and ability to adapt and the cost of large-scale research staff. PRII provides a mechanism for large medical device manufacturers to develop innovative technologies quickly.
Outsourcing in the medical devices industry, as shown in Figure 1, has become a trend from product design to development of prototypes and the complete manufacturing and packaging of the device.
Figure 1: Projected development of the outsourcing industry-growth-rate in percentage. Source: Frost and Sullivan, Sept 2006.
By bringing in experts with the technical expertise and commitment to launch the product on time, original device vendors can avoid investment in cost-intensive capital equipment. With a considerable reduction in product turnaround periods, coupled with the increasing need for complicated functionalities, outsourcing is a preferred strategy for medical device manufacturers that want to be leaders in innovative medical device commercialization. Source: Frost and Sullivan-September 2006
The growing trend in outsourcing increases the need for companies with a wide range of talents and disciplines in-house that can design innovative tools with improved functionality, lower costs, and other critical features. PRII is solving this need, serving as a high-quality, flexible research and development partner for large medical device companies with a smart actuation challenge.
Expertise in:
- piezoelectric motors
- piezoelectric actuation
- magnetostrictive actuation
- shape memory actuation
- electromagnetic actuation
- smart sensors
- electronics system and control
Development will be compliant with CFR 21, Part 820 – Quality System Regulation; ISO 13485: 2003 – Medical Devices – Quality Management Systems; and ISO 14971:2000 – Application of Risk Management to Medical Devices. Development under an FDA and ISO compliant system ensures a safe and effective device, and a smooth path to FDA approval.