News Release

Fisher Scientific launches EinsteinsGarage: buyers and sellers get deals on surplus science equipment

Peer-Reviewed Publication

Placeholder

Alchematrix, Inc., the wholly owned e-commerce subsidiary of Fisher Scientific International Inc. (NYSE: FSH), today announced the launch of EinsteinsGarage, www.einsteinsgarage.com, an online public auction site for surplus and discounted scientific research and laboratory equipment. With fully integrated business-to-business capabilities, EinsteinsGarage will provide services for customers in the $67 billion worldwide research, U.S. healthcare, safety and science education markets.

"EinsteinsGarage gives scientists, researchers, educators and hobbyists an ideal online auction site that offers them significant savings on a vast array of products, including everything from test tubes to spectrophotometers," said Paul Montrone, chairman and chief executive officer of Fisher Scientific International. "We've created a cyberspace marketplace that fulfills the needs of both buyers and sellers in surplus, obsolete and used products in the scientific research, safety, and clinical supply markets."

The auction site enables buyers such as scientists and educators, who typically face budget constraints, to locate and buy a wide selection of lab supplies and equipment at significantly reduced prices. At the same time, EinsteinsGarage provides sellers a way to efficiently manage their surplus inventory by turning their excess or used lab equipment into cash. Representing $8 million in product inventory, some 12,000 items currently are available on the site.

"EinsteinsGarage is a full-service solution provider for surplus and used scientific research, healthcare and safety supplies," added Montrone. "In addition to its auction site offering tremendous product breadth, EinsteinsGarage provides valuable services for its customers, such as warehousing product inventory and the repair and calibration of laboratory equipment."

Additional information on EinsteinsGarage platform is provided below.

EinsteinsGarage Platform Features

For Sellers

  • Wholesale: EinsteinsGarage provides customers, who are looking to wholesale items and/or liquidate surplus science and laboratory equipment, with a selling organization dedicated to rapidly moving product through direct sales.
  • Marketing: The auction site markets products online by supplying complete descriptions and, in many cases, digital images of each item, thus improving the resale value.
  • Warehousing: EinsteinsGarage is capable of warehousing products awaiting sale.
  • Service Bench: EinsteinsGarage services, calibrates and repairs products to enhance the sale value.
  • Disposal and Donations: EinsteinsGarage can arrange for companies to donate surplus supplies to charity, giving them a tax deduction and an easy way to dispose of surplus inventory.

For Buyers

  • Smart and Easy-to-Use Tools:
  • Powerful search engine helps buyers quickly locate sale items.
  • Buyers receive real-time e-mail notifications of bid status.
  • Online Product Locator: Request It! enables buyers to request specific lab supplies and equipment.
  • Service Bench: Warranty available for all purchases from EinsteinsGarage.
  • Professional repair and calibration services available.
  • Free Access: Participation in any of the online auctions is free.

###

About Fisher Scientific As the world leader in serving science, Fisher Scientific (www.fishersci.com) is the global source of laboratory supplies and equipment, e-commerce procurement technology and related services for scientific research, healthcare, science education and occupational safety.

About Alchematrix
Alchematrix Inc. was formed in March as a subsidiary of Fisher Scientific International, Inc. Through fishersci.com, Alchematrix is the world's largest comprehensive virtual marketplace for the procurement of scientific products and equipment and is a leading business-to-business electronic supply chain manager. Alchematrix.com incorporates all the capabilities and functionality of fishersci.com, which currently has more than 85,000 registered users. Alchematrix soon will provide vendor-neutral one-stop access to hundreds of thousands of products from thousands of vendors, including both direct suppliers and distributors. Alchematrix serves the supply chain needs of the research, healthcare, education, safety training and refurbished scientific equipment markets. Alchematrix's online community includes SayAhh.com, PureSafety.com, EinsteinsGarage.com, TheScientificWorld.com - which provides online information services and publications to the scientific community, and a relation ship with ProcureNet.com. For more information, visit www.alchematrix.com.



Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.