Due to its continuous development, MEDICOR BABYLIFE product line offers the latest cutting-edge technology in the field of neonatal care. Our results reflect our participation in countless successful national and international public tenders and business orders. We are especially proud of the fact that UNICEF has found our products worthy of a longterm supply agreement.
MEDICOR Művek was formed from Hungarys medical technology companies in 1963. The company, whose operation involved development, manufacturing and trading, played a dominant role in the domestic industry for some 30 years. MEDICOR Művek continued to expand and develop into the 1980s. At its peak, the company employed more than 10,000 people in its factories, research and development institute, as well as domestic and export trading branches. In this period, MEDICOR accounted for more than half of Hungarys medical technology manufacturing and had representation in 35 countries around the world. Some 85 to 90 percent of the production was made for export predominantly to COMECON countries. Today, the manufacturing and service companies operating within MEDICOR Group are almost entirely Hungarian-owned and serve as the centre for the production of medical instruments and related services in Hungary. MEDICOR ELEKTRONIKA has an equity of EUR 1,000,000 as a 100-percent Hungarian-owned company. The stock company plays a key role in the design and production of neonatal medical equipment relying on a global distribution network covering more than 90 countries all over the world.
We are currently working with 24 employees and plenty of external advisors. One third of our colleagues continuously deal with product development. MEDICORs engineers have 20-30 years of experience in developing medical devices, particularly incubators. MEDICORhas a range of established services covering subcomponent manufacturing needs. The good quality of the company's work and products is guaranteed by the continuous development of our products, reliable manufacturing and strict quality control. We introduced ISO 9001 and ISO 13485 Quality Management Systems, the latter specifies the requirements for a comprehensive quality management system for the design and manufacturing of medical devices. We manufacture our products according to the 2007/47/EC Medical Device Directive and CE marking regulations relating to medical devices. We won the Hungarian Product Grand Prix in 2008 and our open incubators won the same award in 2012. Budapest Brand prize was awarded to our BABYLIFE incubators in 2014, and MEDICOR is mentioned among the 25 best business brands of the Hungarian Brands program. The BABYLIFE incubators are sold through 120 selling points in more than 100 countries. As we've been participating in UNICEF programs since 2009, our baby incubators meet the procurement criteria of the United Nations as well.