News / Finance
QualityStocks.net News – Pressure BioSciences, Inc. (PBIO) Announces Relocation to New Corporate Offices – 3/10/08
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Pressure BioSciences Inc. (NASDAQ: PBIO) is one of our highlighted companies this month. The company is a publicly traded company focused on the development of a novel, enabling technology called Pressure Cycling Technology (PCT). PCT uses cycles of hydrostatic pressure between ambient and ultra-high levels (up to 35,000 psi and greater) to control bio-molecular interactions. PBI currently holds 13 US and 6 foreign patents covering multiple applications of PCT in the life sciences field, including such areas as genomic and proteomic sample preparation, pathogen inactivation, the control of chemical reactions, immunodiagnostics, and protein purification.
In our client’s news today,
Pressure BioSciences announced that they have moved their offices in order to accommodate the transition from an early-stage research and development company to a fully commercial operation. The Company’s new address was provided as follows: 14 Norfolk Avenue in South Easton, Massachusetts 02375. While the corporate address was relocated, the Company’s primary research and development facility will continue to be located at 6 Gill Street in Woburn, MA.
“We now have approximately 5,500 square feet, with sufficient office, conference, engineering lab, and storage space to allow us to better develop our infrastructure to support our PCT product commercialization. In addition, the 18 month lease, with equal term extension, gives us the financial flexibility we require as we continue to grow our business and carefully manage our financial resources,” stated Richard T. Schumacher, Pressure BioSciences’ Founder, President, and CEO.
Pressure BioSciences is focused on developing Pressure Cycling Technology (PCT) which uses cycles of hydrostatic pressure between ambient and ultra-high levels to control bio-molecular interactions. The technology has broad applications in the life sciences field including: genomic and proteomic sample preparation, pathogen inactivation, the control of chemical reactions, immunodiagnostics, and protein purification. The Company holds 13 US and 6 foreign patents that cover various PCT applications.
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QualityStocks.net, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks.net is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
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