FREMONT, Calif. Feb. 15, 2011 $300 million
$300 million $2.8 billion Alnoor Shivji
"Our strategy is to expand the applicability and thereby the number of genomic research disciplines that can benefit from the high-throughput and transformative SmartChip System to address the workflow issues encountered in the modern genomics analysis workplace. As we work towards the full commercial launch of the SNP Genotyping application, we plan to continue to expand on the functionality and applicability of our SmartChip System beyond Gene Expression and SNP Genotyping. This will offer researchers the most productive and cost-effective genomic analysis products."
Biopharmaceutical researchers use genotyping to measure the genetic variation in individuals for disease mapping or functional SNP screening. SNP Genotyping is also becoming an important scientific tool in agriculture biotechnology for trait mapping and population genetics, in addition to human disease uses. Using the WaferGen SmartChip Real-Time PCR System, genetic researchers will be able to address their SNP screening needs by using the SmartChip System’s high throughput, flexible and simple workflow, which result in cost-effective SNP studies.
- High-throughput: Researchers can measure up to 384 samples in a single two hour run on the 5,184 nanowell SmartChip, equating to 10,000’s of data points in a single day.
- Flexibility: SNP Genotyping on the flexible SmartChip System will offer a variety of formats to meet varying throughput needs, from tens to hundreds of SNPs and samples in various formats. This is achieved by using the SmartChip nanowell chip, an open format that does not suffer from the limitations that may be present on currently used closed microfluidic systems.
- Ease of use: The SmartChip System provides an easy-to-use automated sample loading procedure that has minimal hands on and reduces the number of steps significantly per run.
- Cost-effective solution: A low cost per SNP is achieved through low reagent consumption at 100nl reactions. The SmartChip System does not suffer from issues of large dead volume losses that may be suffered with microfluidic systems currently in use.
About WaferGen and the SmartChip Real-Time PCR System
WaferGen Biosystems, Inc. is a leader in the development, manufacture and sale of state-of-the-art systems for genomic analysis for the life science and pharmaceutical industries. The company currently offers the breakthrough SmartChip Real-Time PCR System, the next-generation Real-Time PCR system for discovery and validation of biomarkers, or gene expression patterns, on a single platform. WaferGen believes that the SmartChip system is ideal for researchers seeking to confirm discoveries made with the growing use of next-generation sequencing. In addition, the high throughput capabilities of the SmartChip system enable researchers to extend their research across large panels of genes, and hundreds of samples, at a very reasonable cost.
This press release contains certain "forward-looking statements". Such statements include statements relating to the company’s plans to expand on the functionality and applicability of the SmartChip System beyond Gene Expression and SNP Genotyping, statements regarding the ability of genetic researchers to address their SNP screening needs by using the SmartChip Systems, statements relating to the expected throughput levels of the SmartChip Real-Time PCR System, and other statements relating to future events are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words.
December 31, 2009 www.sec.gov
SOURCE WaferGen Biosystems, Inc.