Harvard Bioscience, Inc. announced the initial order for the Company's new high-capacity behavioral monitoring system for pre-clinical applications. This initial order, which was placed by one of the Company's large contract research organization (CRO) customers, is scheduled for delivery in the fourth quarter of 2023. The Company expects that the new system, along with a full range of services and software offerings, will be launched more broadly in the second half of 2023.

The new system combines the Company's high precision Panlab activity monitoring technology with its industry leading Ponemah pre-clinical data management software to create an integrated good laboratory practice (GLP) compliant solution. The system is ideally suited to meet the high throughput, automated pre-clinical safety and pharmacology testing needs of CROs and pharma, in addition to longitudinal behavior studies carried out by leading research and academic institutes.