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Protiveris, Inc. Acquires License For Oak Ridge National Laboratory Sensor Technologies


10/19/2005 5:09:22 PM

ROCKVILLE, Md., Dec. 3 /PRNewswire/ -- Protiveris Inc., a bio-nanotechnology company commercializing bioMEMS technologies to facilitate protein research and the discovery of new pharmaceuticals, today announced the finalization of an agreement with UT-Battelle to acquire the worldwide commercial rights to proprietary sensor technologies. Developed by scientists at Oak Ridge National Laboratory (ORNL), these sensor technologies are covered by several issued patents detailing utility across a broad range of applications. Protiveris will be applying these sensor technologies to microcantilever measurements of biomolecular interactions.

"We are extremely pleased to have acquired the commercial rights to these technologies and to be working closely with Oak Ridge National Laboratory on their commercial development," said Robert Menzi, Chief Operating Officer. "The addition of this license to the Protiveris intellectual property portfolio significantly strengthens our leadership position in bioMEMS applications."

Protiveris proprietary biochips utilize arrays of microcantilevers to perform advanced biological and chemical research. The company's patent pending biosensor system -- the VeriScan(TM) 3000 -- monitors and analyzes experiments performed on these biochips. Protiveris intends to work closely with the inventors at ORNL to speed the development and commercial use of the VeriScan 3000 system.

In September of this year, the Southeastern Region of the Federal Laboratory Consortium recognized Protiveris and ORNL's cooperative efforts by awarding them an Excellence in Technology Transfer Award.

About Protiveris, Inc.

Protiveris is committed to establishing the standard of performance for proteomic research tools. The VeriScan(TM) 3000 bench top biochip system detects, measures and analyzes biomolecular and chemical interactions to enable more efficient and accurate research outcomes. The biochip utilizes arrays of microcantilevers with customizable surfaces to detect interactions between proteins, antibodies, antigens, or DNA. This label-free system provides researchers with the ability to create high content assays that deliver real time data. More information about Protiveris, their technology, products, and services can be found at the company's web site at http://www.protiveris.com/

About UT-Battelle LLC

UT-Battelle, a limited liability partnership between the University of Tennessee (UT) and Battelle, is a non-profit company established to manage and operate the Oak Ridge National Laboratory (ORNL) for the U.S. Department of Energy. Both UT and Battelle are committed to serving the U.S. Department of Energy by enhancing ORNL's leadership in scientific research, laboratory operations, and community service. Additional information about UT-Battelle can be found at http://www.ut-battelle.org/

About Oak Ridge National Laboratory

Oak Ridge National Laboratory (ORNL) is a multi-program science and technology laboratory managed for the U.S. Department of Energy by UT- Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science, increase the availability of clean, abundant energy, restore and protect the environment, and contribute to national security. Additional information about Oak Ridge National Laboratory can be found at http://www.ornl.gov/

Protiveris, Inc.

CONTACT: Robert Menzi, Chief Operating Officer of Protiveris, Inc.,+1-301-738-7800, or rmenzi@protiveris.com



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