APC Medical Limited

APC Medical Ltd. is a wholly owned subsidiary of Pace Medical, Incorporated and is responsible for the Company's manufacturing and sales operations outside the United States and Canada.

The Company commenced operations on March 16, 1985 when Ralph E. Hanson, the Company's President and founder, acquired the outstanding capital stock of APC Medical Ltd. ("APC Medical") from American Pacemaker Corporation, a subsidiary of Intermedics, Inc.

Mr. Hanson was the founder of American Pacemaker Corporation and served as its president from 1975 until 1985. American Pacemaker Corporation was acquired by Intermedics, Inc. in 1982.

APC Medical is the successor to Devices Limited ("Devices"), a U.K. manufacturer of medical electronic equipment, permanent pacemakers and leads, and temporary pacemakers, which was a pioneer in the pacing industry. After Devices was acquired by Johnson & Johnson Co., it was sold in 1978 to American Pacemaker Corporation and its name was changed to APC Medical Ltd. APC Medical is a UK limited company with facilities located in Welwyn Garden City, Hertfordshire, England.