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Protiveris, Inc. Recognized For Excellence In Technology Transfer


10/19/2005 5:10:38 PM

ROCKVILLE, Md., March 31 /PRNewswire/ -- Protiveris, Inc., a bio-nanotechnology company commercializing proprietary bioMEMS technologies to facilitate protein research, today announced that it is has received the Excellence in Technology Transfer Award, along with the Company's colleagues at Oak Ridge National Laboratory (ORNL), in recognition of outstanding efforts in the transfer of technology to the commercial marketplace. The Federal Laboratory Consortium for Technology Transfer (FLC) will present this award to Protiveris and ORNL at their annual meeting in San Diego in May.

"It is an honor to be working closely with the Oak Ridge National Laboratory team on the commercial development of sensor technologies and to be recognized by the Federal Laboratory Commission for our work," said Robert Menzi, Chief Operating Officer at Protiveris. "Technology transfer is vital to advancing essential science and technology into the marketplace. Our efforts have been successful because of the commitment of the ORNL scientists and technology transfer officers to this ideal."

In December of 2003, Protiveris finalized an agreement with UT-Battelle to acquire the worldwide commercial rights to proprietary sensor technologies developed by scientists at Oak Ridge National Laboratory. Protiveris is applying these sensor technologies to microcantilever measurements of biomolecular interactions.

Protiveris patent pending biosensor system -- the VeriScan(TM) 3000 -- utilizes arrays of microcantilevers to monitors and analyze protein interactions. Protiveris works closely with scientists and technology transfer officers at ORNL to speed the development and commercial use of the VeriScan 3000 system.

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 the Federal Laboratory Consortium For Technology Transfer

The Federal Laboratory Consortium for Technology Transfer (FLC) is the nationwide network of federal laboratories that provides the forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. The FLC was organized in 1974 and formally chartered by the Federal Technology Transfer Act of 1986 to promote and to strengthen technology transfer nationwide. Today, more than 700 major federal laboratories and centers and their parent departments and agencies are FLC members. Additional information about the Federal Laboratory Consortium for Technology Transfer can be found at http://www.federallabs.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, rmenzi@protiveris.com



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