Langer, Inc. Consolidates U.S. Custom Orthotics Facilities


NEW YORK, May 4, 2007 (PRIME NEWSWIRE) -- Langer, Inc. (Nasdaq:GAIT), ("Langer" or the "Company") today announced the consolidation of its U.S. custom orthotics production facilities. Custom orthotic products will now be produced in Deer Park, NY for all U.S. and certain Canadian customers, beginning June 1, 2007. Langer is accomplishing this consolidation through the transfer of a portion of its orthotic fabrication currently at its branch custom orthotics facility in Anaheim, CA to its headquarters facility in Deer Park, NY. Gray Hudkins, President and CEO said, "Our ability to consolidate operations is largely the result of increases in productivity, product quality, turnaround time and customer service that we believe are attributable to the lean manufacturing initiative we started 15 months ago, which has left us in an overcapacitized situation. While there can be no assurances that all of our CA facility customers will transfer their orders to NY, we believe we can provide an improved customer service experience in a consolidated environment." Mr. Hudkins also said, "We believe our NY facility is equipped to handle the expected increase in unit volume from CA and the additional growth in orders resulting from Langer's entry into the long-term care market through the acquisition of Regal Medical."

The restructuring charge for the cost of closing this facility will be reflected in our second quarter financial results but is not expected to be material to the financial condition of the Company.

Langer, Inc., together with its wholly owned subsidiaries Silipos, Inc. and Regal Medical, Inc., is a leading provider of quality medical products and services targeting the long-term care, orthopedic, orthotic and prosthetic markets. Through its wholly owned subsidiaries Twincraft, Inc. and Silipos, Inc., the Company offers a diverse line of bar soap and other skincare products for the private label retail, medical and therapeutic markets. The Company sells its products primarily in the U.S. and Canada, and in more than 30 other countries, to national, regional, international and independent medical distributors and directly to healthcare professionals. Langer is based in Deer Park, NY and has additional manufacturing facilities in Niagara Falls, NY, Winooski, VT, Montreal, Canada, Stoke-on-Trent, UK, and sales and marketing offices in Toronto, Canada, Dallas, TX and New York, NY.

Certain matters discussed in this press release constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The Company may use words such as "anticipates," "believes," "plans," "expects," "intends," "future" and similar expressions to identify forward-looking statements. These risks and uncertainties, relating to both ongoing operations and acquisitions, are described in the Company's filings with the Securities and Exchange Commission, including the Company's Registration Statement on Form S-3, its 2006 Form 10-K and most recently filed Form 10-Qs and Form 8-Ks.



            

Contact Data