Paramit Adds Bill Rhodes to Board of Directors

MORGAN HILL, Calif. – October 7, 2014 – Paramit Corporation, a leading global manufacturer of complex medical devices and life science instruments, today announced the appointment of William Rhodes to the company’s board of directors.

Mr. Rhodes is a veteran healthcare executive with extensive experience in the diagnostics and life science tools sectors. During his sixteen-year career at Becton, Dickinson and Co., Mr. Rhodes held several senior leadership positions, and was most recently an Executive Officer and BD’s SVP of Corporate Strategy and Development; immediately prior to this, he was Worldwide President of BD Biosciences, a $1.4B business unit that was comprised of Cell Analysis, Discovery Labware, and Advanced Bioprocessing. Mr. Rhodes was also responsible for creating BD Ventures, the venture capital arm of BD, which has invested in numerous high-tech healthcare start-ups. Prior to BD, Mr. Rhodes held senior business development positions at Johnson & Johnson and Pfizer.

“Bill brings a wealth of knowledge and experience to Paramit and will be a tremendous asset as we continue to collaborate with our customers around the world to develop and manufacture medical devices and life science instruments that positively impact patient care. Bill will help us further expand our presence in life science instruments and we are excited to have him on our board,” said Billoo Rataul, Paramit’s chief executive officer.

Mr. Rhodes is a member of and a Senior Executive in Residence for Cornell University’s McGovern Family Life Sciences Center Advisory Council, as well as Clinical Instructor at Weill Cornell Medical College. He serves or has served on the boards of Omega Diagnostics plc, Andor Technologies plc, VitaGen Inc., Novocell Inc., the California Healthcare Institute, BIO, the Silicon Valley Leadership Group and the San Jose State University Research Foundation.

Mr. Rhodes holds a Bachelor of Science from Cornell University and a Masters in International Business from Seton Hall University, where he received the business school’s Leadership Award and taught corporate mergers and acquisitions as an adjunct professor.

“I am honored to join the Paramit board and work with this exceptional team,” Rhodes said. “Paramit is a world-class global company providing many of the most innovative and fastest growing companies in the healthcare industry with high quality and high value manufacturing services for complex medical devices and life science instruments. Paramit’s ability to provide zero defect mechanical assembly of complex instruments via the vPoke system is unique in this industry and I look forward to helping them with future direction and continued growth.”

About Paramit

Headquartered in Morgan Hill, CA, Paramit Corporation is a leading global manufacturer of complex medical devices and life science instruments for many of the most innovative and fastest growing companies in the healthcare industry. The company provides zero defect mechanical assembly via a patent pending computer directed assembly process called vPoke and has expertise in mechatronics, fluidics, optics, RF and printed circuit board assembly. Paramit has long-term partnerships with market leading customers, whom it services through its FDA-registered and ISO13485 certified facilities. For more information, please visit www.www.paramit.com