Listonstreetpulse.com announces that Arrayit Corporation’s (OTC: ARYC) private, wholly-owned specialty chemical subsidiary, TeleChem International Inc., shipped 4,150 liters of proprietary reagent to a premium manufacturer in California, USA. TeleChem International recently completed construction of a high-throughout manufacturing facility that allows the manufacture of 18,000 liters of reagent in 8 hours.
The selling price for the proprietary reagent is $19.20 per liter. ARYC expects to book revenue of $80,000 from the shipment in the third quarter of this year. The company’s sales projection indicate that revenue of the specialty reagent to the important California customer may approach $1 million for fiscal year 2014. This will have a positive impact on ARYC’s top-and bottom-line.
Arrayit derives significant operational synergies from its chemical subsidiary. The subsidiary supplies the specialty chemicals used in the manufacture of ARYC’s proprietary life sciences products. Arrayit reports consolidated financials with TeleChem International Inc., which has generated over $50 million in revenue since its inception.
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About Arrayit Corporation
Arrayit Corporation is a Sunnyvale, California-based company leading and empowering the genetic, research, pharmaceutical, and diagnostic communities through the discovery, development, and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. The company’s innovative products and services help scientists and clinicians explore the human genome as well as the genomes of plants and animals. Arrayit’s products are used by every major research center in the world.
About Liston Street Pulse
Liston Street Pulse is a leading provider of financial research. The company has significant expertise in U.S. listed small cap and micro-cap stocks. Over the years, Liston Street Pulse’s original and unbiased analysis has helped the investor community immensely.
