CalbaTech, Inc. Subsidiary, K-D Medical, Inc., Contracts With Global Defense Company For Work On Anthrax Detection System

IRVINE, Calif. and COLUMBIA, Md., Nov. 9 /PRNewswire-FirstCall/ -- CalbaTech, Inc. , an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions, announced today that its wholly owned subsidiary, K-D Medical, Inc., Columbia, Maryland, has contracted with a global defense company to provide products and services for an anthrax detection system sold by the defense company to the United States Postal Service.

K-D Medical, a primary vendor to the National Institutes of Health, also currently sells its full line of molecular biology products to Universities, Research Centers and major Pharmaceutical companies nationwide. K-D Medical will provide and assemble components used in the anthrax detection units. Two U.S. Postal workers died due to the inhalation of microscopic spores of anthrax that was sent to Congress in 2001.

“This contract is worth approximately $100,000 and will provide favorable margins,” said John Powers, President of K-D Medical. “We see this as an opportunity to expand our business into component manufacturing for various bio-terrorist threat detection systems. This contract, in addition to our new facility with over 2,000 square feet of Class 100 Clean Room capabilities, will enable us to aggressively pursue other opportunities in this line of business,” he added.

“This is an excellent example of the diversity K-D Medical can bring to our Company and we are very bullish on our subsidiary’s business strategy,” said James DeOlden, CEO of CalbaTech.

About CalbaTech

CalbaTech, Inc. is an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions.

About K-D Medical, Inc.

K-D Medical, located in the heart of the Maryland Biotech Corridor, is one of the nation’s leading manufacturers of microbiological culture media and other research reagents. K-D Medical’s products are used in drug discovery, microbiology labs and biopharmaceutical production. The company is headquartered in Columbia, Maryland.

Contact: Paul Knopick E&E Communications (949) 707-5365 pknopick@eandecommunications.com

Note: Certain statements in this news release may contain “forward-looking” information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.

CalbaTech, Inc.

CONTACT: Paul Knopick of E&E Communications, +1-949-707-5365,pknopick@eandecommunications.com, for CalbaTech, Inc.

MORE ON THIS TOPIC