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GenVault Corporation Announces Supply Agreement With Life Technologies (LIFE)


12/9/2009 10:21:50 AM

CARLSBAD, Calif., Dec. 9 /PRNewswire/ -- GenVault Corporation (Carlsbad, CA) today announces a supply and resale agreement with Life Technologies Corporation , under which Life Technologies will have non-exclusive access to GenTegra(TM) DNA technology. This technology platform comes in several formats that are consistent with Life Technologies' on-going efforts to promote the development and delivery of products in ways that help to protect and preserve the environment.

"By adopting the GenTegra(TM) DNA technology platform, we will be able to store and transport purified DNA from several of our products as well as make this technology available for use by our customers," said Nathan Wood, Vice President, Genomic Technologies, at Life Technologies Corporation. "This technology allows us to eliminate much of the waste associated with these processes, which promotes a safer and cleaner environment."

"Environmental sustainability is a key focus for us. Life Technologies' decision to adopt GenVault's GenTegra(TM) DNA to improve their internal and customer efficiencies will change the way DNA is managed in the future," said Dr. Wellis. "This announcement is tangible evidence of our success in moving GenVault squarely into the center of the much larger biosample stabilization, storage and transport markets. We look forward to extending the reach of our GenTegra(TM) technology platform into additional markets, formats and applications, including RNA in the fourth quarter of 2009," continued Dr. Wellis.

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David Wellis, Ph.D

http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=91851

GenVault Corporation



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