Scottsdale, Arizona 10/9/2008 1:15:43 AM
News / Finance

WaferGen Biosystems, Inc. (WGBS.OB) Signs Two International Distribution Agreements

www.QualityStocks.Net would like to highlight WaferGen Biosystems, Inc. (OTCBB: WGBS). The company 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.

 

In the company’s news yesterday,

 

WaferGen Biosystems, Inc. the signing of an exclusive distribution agreement with Euroclone S.p.A in Italy. Euroclone will distribute WaferGen’s SmartSlide™ Micro-Incubation System. WaferGen also signed a distributor agreement for SmartSlide with Takeda Rika Kogyo, Co. Ltd., of Japan. Both distributors serve cell biologists and stem cell researchers in the life science markets within their geographic areas.

 

WaferGen’s SmartSlide Micro-Incubation System is a unique 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 grow and work with stem cells and other difficult to cultivate cells. It allows researchers to pursue cutting-edge research topics that are not addressable with existing technology. As an example, the SmartSlide System will allow researchers to precisely control and vary oxygen, carbon dioxide, and nitrogen, in order to create conditions which are critical for growth and differentiation of stem cells.

 

Alnoor Shivji, WaferGen’s chairman and CEO said, “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.”

 

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