FREMONT, Calif., Oct. 7 /PRNewswire-FirstCall/ -- WaferGen Biosystems, Inc. (OTC Bulletin Board: WGBS - News), a leading developer of state-of-the-art gene expression, genotyping, cell biology and stem cell research systems, today announced the signing of an exclusive distribution agreement for the company’s SmartSlide(TM) Micro-Incubation System with Euroclone S.p.A. in Italy. Additionally, the company signed an agreement for distribution of the SmartSlide Micro-Incubation System with Takeda Rika Kogyo, Co. Ltd. in Japan. These distributor agreements cover WaferGen’s entire family of SmartSlide Micro-Incubation System products. Euroclone S.p.A., and Takeda Rika are each leading distributors of innovative products and services to cell biologists and stem cell researchers in the life science markets within their geographic areas of focus.
WaferGen’s SmartSlide Micro-Incubation System is a first-of-its-kind family of integrated fluidics exchange micro-incubation products that work seamlessly with inverted microscopes. This breakthrough technology is enabling cell biology and stem cell researchers to conduct complex time lapse imaging studies to characterize, differentiate and proliferate cells, as well as grow stem, primary and other difficult to cultivate cells in consistently optimal physiological conditions. These innovative capabilities will allow researchers to pursue cutting-edge research topics that are not addressable with existing technology. For example, the SmartSlide 200 Micro-Incubation System(TM) allows researchers to precisely control and vary oxygen, carbon dioxide and nitrogen parameters in order to create anoxia and hypoxia conditions which are critical for growth and differentiation of stem cells.
“As evidenced by the signing of these additional distributor agreements in key foreign markets, we are continuing to build momentum with our SmartSlide Micro-Incubation System worldwide,” stated Alnoor Shivji, WaferGen’s chairman and chief executive officer. “This innovative platform provides critical performance advantages to stem cell researchers and cell biologists, and we look forward to continuing the expansion of our SmartSlide Micro-Incubation System product line as well as our customer base.”
About the SmartSlide(TM) Micro-Incubation System
WaferGen has developed and is currently marketing the SmartSlide Micro- Incubation System, a first-of-its-kind family of integrated fluidics exchange micro-incubation products that work seamlessly with inverted microscopes. This breakthrough technology is enabling cell biology and stem cell researchers to conduct complex time lapse imaging studies to characterize, differentiate and proliferate cells, as well as grow stem, primary and other difficult to cultivate cells in consistently optimal physiological conditions. These innovative capabilities will allow researchers to pursue cutting-edge research topics that are not addressable with existing technology. For example, the SmartSlide 200 Micro-Incubation System allows researchers to precisely control and vary oxygen, carbon dioxide and nitrogen parameters in order to create anoxia and hypoxia conditions which are critical for growth and differentiation of stem cells.
The core element of the SmartSlide Micro-Incubation System is the compact, sterile and disposable SmartSlide-6 Micro-Incubator which is designed to maintain cells at specific physiological conditions for prolonged cell or tissue imaging. The SmartSlide-6 Micro-Incubator allows for programmable fluidics exchanging, enabling the delivery of up to six nutrient media and gas into each of its six individual wells in both intermittent and continuous perfusion modes.
WaferGen has developed a family of SmartSlide Micro-Incubation System products built upon the SmartSlide-6 Micro-Incubator that offers cell biology and stem cell researchers varying levels of control over specific environmental conditions such as nutrient flow, temperature, humidity, gas and pH. Each of these SmartSlide Micro-Incubation System products incorporates easy-to-use graphical interface software that allows for complete walk-away automation. The SmartSlide Micro-Incubation System family of products consists of four currently marketed products: SmartSlide 50 Micro-Incubation System(TM), SmartSlide 100 Micro-Incubation System(TM), SmartSlide 150 Micro- Incubation System(TM), and SmartSlide 200 Micro-Incubation System(TM).
Since the launch of its SmartSlide Micro-Incubation System in late 2006, WaferGen has seen a positive response from many leading research institutions and organizations. The company’s current SmartSlide Micro-Incubation System customers include Harvard University, Mayo Clinic, California Institute of Technology (CalTech), Abbott Labs, and the National Institutes of Health (NIH).
About WaferGen
WaferGen Biosystems, Inc. is a leader in the development, manufacture and sale of state-of-the-art systems for gene expression, genotyping, cell biology and stem cell research for the life science and pharmaceutical industries. The company is actively developing its SmartChip(TM) product for the gene expression and genotyping markets. SmartChip is being developed as the first whole genome, high throughput gene expression real-time polymerase chain reaction (PCR) platform and promises to deliver significant speed and cost advantages to researchers in the gene expression and genotyping markets. WaferGen currently markets its SmartSlide(TM) family of products to companies and organizations involved in stem cell and cell biology research. SmartSlide, which was launched in 2006, represents the first fluidics integrated micro- incubators enabling cell biology and stem cell research. Representative SmartSlide customers include Harvard University, Mayo Clinic, California Institute of Technology (CalTech), Abbott Labs, and the National Institutes of Health (NIH).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements include statements preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. For such statements, the company claims the protection of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. Factors that may cause such differences include the risks that: (i) the company may be unsuccessful in commercially developing its products or in achieving market acceptance of new and relatively unproven technologies; (ii) the company will need to raise additional capital to meet its business requirements in the future and the company may not be able to do so on reasonable terms or at all; (iii) the company’s proprietary intellectual property rights may not adequately protect its products and technologies; and (iv) the company expects intense competition in its target markets, including from companies that have much greater resources than the company, and there can be no assurance that the company will be able to compete effectively. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company’s filings with the Securities and Exchange Commission, including the company’s Quarterly Report on Form 10-Q filed with the SEC on August 14,2008. Investors and security holders are urged to read this document free of charge on the SEC’s web site at http://www.sec.gov. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Contact:
Vida Communication (on behalf of WaferGen) Stephanie Diaz (investors) Tim Brons (media) 415-675-7400 415-675-7400 sdiaz@vidacommunication.com tbrons@vidacommunication.com
Source: WaferGen Biosystems, Inc.
