SAN DIEGO, CA and SINGAPORE – October 17, 2012 – BioSero LLC and XentiQ Pte Ltd announced that they have entered into a strategic alliance that brings together the resources and technologies of an internationally renowned design and manufacturing company with local market expertise, service capabilities and brand recognition throughout North America. This partnership will allow each company to directly address the life science market with new, high quality manufactured products originally directed at increasing throughput and reducing associated costs associated with repetitive laboratory processes.
Under the terms of the definitive agreement, BioSero LLC will receive the exclusive rights to distribute XentiQ products and the companies will collaborate on the design and development of new technologies specifically aimed at small, modular automated systems capable of being integrated to form complete laboratory solutions.
“Our agreement with XentiQ is key to our product development strategy and overall global strategy as we continue to expand our geographic footprint and strive to meet the needs of our Pharmaceutical and Biotechnology customers. This agreement is a critical point in our development as a company,” said Tom Gilman, President and CEO at BioSero.
“XentiQ is a proven manufacturer of quality instrumentation with a diverse portfolio of products, including a small array of systems focused on tube processing and sample delivery in the life science market. BioSero’s ability to understand the product requirements of the market & local service support also fits well with XentiQ’s strategy, providing both companies with access to large markets in Asia and North America, it is an ideal strategic partner for BioSero.” Gilman concluded.
“XentiQ has world-class expertise and proven leadership in the areas of product design and development and our strategic alliance with BioSero provides us with immediate access to new emerging markets,” said Mr. Eugene Tan, Managing Director of XentiQ. “I believe our collaboration with BioSero will not only result in increased sales of XentiQ’s products but it will also help us define new lab automation devices to meet emerging laboratory needs.”
About BioSero LLC
BioSero LLC (www.bioseroinc.com); headquartered in San Diego with additional offices in San Francisco, Chicago, Boston and Philadelphia; is a leading provider of automation in the life science industry – products are focused on small tabletop devices that can be integrated to form completely automated work cells that aid scientists in their daily operations.
About XentiQ (Pte) Ltd
XentiQ Pte Ltd (http://www.xentiq.sg) headquartered in Singapore, has been an established leader in product design and manufacturing since 1987 consistently winning awards for their design and development projects for multi-national companies and high-tech start-ups. The design team has won the President’s Design Award in 2007 and the prestigious international Red Dot design award in 2006 and twice in 2004.
For more information contact:
4202 Sorrento Valley Blvd. Suite F
San Diego, CA 92121