SEATTLE, WA--(Marketwire - August 23, 2011) - Stratos Genomics Inc.
today announced receipt of grant funds from the National Human Genome Research Institute (NHGRI)
in the amount of $829,000 over two years. The NHGRI, part of the National Institutes of Health (NIH), awarded $14 million to nine qualifying research organizations on Monday, August 22, 2011, to support the development of revolutionary DNA sequencing technologies.
Stratos Genomics will utilize the grant funds to further development of its ultra-low-cost nucleic acid sequencing method for whole genome analysis and molecular diagnostics. "We are excited to receive this award and grateful to have the support of NHGRI," said Mark Kokoris, Chief Science Officer and principal investigator for the grant. "The additional funding will allow us to expand our development efforts and bring us one step closer to realizing the enormous potential of our Sequencing by Expansion™ technology."
"We are confident that NHGRI grantees will continue to make major breakthroughs in the development of technologies that will sequence a human genome for $1,000 or less," NHGRI Director Eric D. Green, M.D, Ph.D., said in a press release dated April 22, 2011. "As genome sequencing costs continue to decline, researchers and clinicians can increase the scale and scope of their studies. We will continue to fund innovations to accelerate what is known about human health and disease."
Read the grant abstracts and more details about the NHGRI genome technology program at http://www.genome.gov/10000368#al-6.
About Stratos Genomics Inc.
Stratos Genomics' goal is to establish the next gold standard of DNA sequencing with its "Sequencing by Expansion™" (SBX™) method. SBX is a simple, elegant, single-molecule detection process that circumvents the limitations of competing technologies, allowing accurate, ultra-low-cost whole genome sequencing. Established in 2007, Stratos Genomics Inc. is a spin-off of Seattle-based Stratos Group LLC.
About Stratos Group LLC
Stratos Group is dedicated to the conversion of science and technology into commercial solutions for the advancement of mankind and the protection of the environment. Also under the Stratos Group umbrella is Stratos Product Development LLC. Stratos Product Development is a world leader in technology product development services.