State and local dignitaries attend ribbon-cutting ceremonies in Bedford,
Massachusetts
BILLERICA, Mass.--(BUSINESS WIRE)--Oct. 19, 2009--
Millipore Corporation (NYSE:MIL), a Life Science leader providing
technologies, tools and services for bioscience research and
biopharmaceutical manufacturing, today announced the completion of a $2
million solar panel installation project at its Bedford, Massachusetts,
facility. Millipore Chairman and CEO Martin Madaus was joined by
Massachusetts Governor Deval Patrick and other dignitaries at a
ribbon-cutting ceremony to unveil the system, which will provide
renewable energy for Millipore’s Bedford and Billerica, Mass. facilities.
“Millipore’s investment in solar energy reflects our commitment to
reducing our environmental impact and developing the industry’s leading
sustainability program,” said Madaus. “Our solar panel project would not
have been possible without the support of the Governor and the State of
Massachusetts. We look forward to a continued partnership with the State
and hope other companies will implement sustainability initiatives to
reduce their environmental impact, lower their costs, and make
themselves more desirable business partners.”
Millipore’s solar panel project is one of the largest solar photovoltaic
projects ever completed in Massachusetts and is the first renewable
energy project the company has implemented in the U.S.
“Millipore is not only a leading employer in Massachusetts, but also a
leader in creating our clean energy future,” said Governor Patrick.
“Millipore is setting an impressive standard for energy efficiency and
renewable energy, and showing other companies how to save energy and
reduce their emissions through the Governor’s Clean Energy Challenge.
Martin Madaus, who serves as co-chair of the state’s Climate Protection
and Green Economy Advisory Committee, deserves to be commended for his
leadership on climate change.”
Over the past six months, Millipore worked with several vendors to
design and install the solar panel system, which includes 1383 Sharp
panels and 4 Solectria inverters. It will produce about 352,000 KWH/yr
or, approximately 35 homes worth of electricity, which will be used to
augment the electricity purchased from the grid to run Millipore’s
facilities.
“The primary focus of our sustainability program has been on reducing
our environmental impacts—particularly waste, water and climate change,”
said David Newman, Director of Sustainability for Millipore. “The
changes we are implementing not only make sense for the environment, but
they also have a considerable positive impact on our business. We are
excited about completing the solar panel project, which marks an
important continuation of our efforts to embrace renewable energy
throughout the company.”
MILLIPORE’S SUSTAINABILITY INITIATIVE:
Launched in 2008, Millipore’s sustainability initiative is sponsored by
the company’s CEO, Martin Madaus, PhD. It is focused on reducing the
Company’s impact on climate change, reducing waste, and changing
employee behaviors. Millipore has set a goal of reducing its greenhouse
gas emissions by 20 percent between 2006 and 2011, and has already cut
its emissions by 14 percent just two years into the program.
The company’s energy programs involve a multi-pronged approach,
including intensive energy auditing, upgrades to boilers, compressors
and lighting. In addition, demand response programs and installations of
alternative energy complement our existing efficiency projects. At the
Bedford campus alone, the company has cut its electricity consumption by
12 percent in the last year through energy efficiency measures alone.
This is equivalent to 200 homes’ worth of energy.
About Millipore:
Millipore (NYSE: MIL) is a Life Science leader providing cutting-edge
technologies, tools, and services for bioscience research and
biopharmaceutical manufacturing. As a strategic partner, we collaborate
with customers to confront the world’s challenging human health issues.
From research to development to production, our scientific expertise and
innovative solutions help customers tackle their most complex problems
and achieve their goals. Millipore Corporation is an S&P 500 company
with more than 5,900 employees worldwide. For more information, please
contact Millipore Tech Service at 1-800-548-7853 or 951-676-8080 or
visit www.millipore.com.
ADVANCING LIFE SCIENCE TOGETHERTM
Research. Development. Production.
Safe Harbor Statement
Certain of the matters discussed herein, as well as in future oral and
written statements by management of Millipore Corporation that are
forward-looking statements, are based on current management expectations
that involve substantial risks and uncertainties which could cause
actual results to differ materially from the results expressed in, or
implied by, these forward-looking statements.
Potential risks and uncertainties that could affect Millipore's future
operating results include, without limitation, failure to achieve design
wins into our pharmaceutical and biotechnology customers’ manufacturing
design phase for a particular drug or vaccine; delay, suspension or
termination of a customer’s volume production; fluctuations in the
timing of customers’ orders; lack of availability of raw materials or
component products on a timely basis; regulatory delay in the approval
of new therapeutics; limitations on cash flow for operations and
investment due to debt service obligations; the inability to establish
and maintain necessary product and process quality levels; reduced
demand for cell culture products using bovine serum; the inability to
realize the expected benefits of development, marketing, licensing and
other alliances; competitive factors such as new membrane or
chromatography technology; risks relating to our concentration of
principal manufacturing operations; the inability to successfully
integrate acquired businesses; the inability to utilize technology in
current or planned products due to overriding rights by third parties;
potential environmental liabilities; conditions in the economy in
general and in the bioscience and bioprocess markets in particular;
foreign exchange fluctuations; reduced private and government research
funding; exposure to product liability claims; and difficulties inherent
in transferring or outsourcing of manufacturing operations. Please refer
to our filings with the SEC, including our most recent Annual Report on
Form 10-K, for more information on these and other risks that could
cause actual results to differ.
Source: Millipore Corporation
Millipore Media Contact:
Millipore Corporation
Karen Marinella
Hall
Director of Corporate Communications
Office: 978-715-1567
Cell:
508-212-9476
karen_hall@millipore.com
or
Investors:
Joshua
Young
Director, Investor Relations
978-715-1527
joshua_young@millipore.com