FREMONT, Calif., March 26, 2015 (GLOBE NEWSWIRE) -- WaferGen Bio-systems, Inc. (Nasdaq:WGBS) announced today an important industrial partnership with Procter & Gamble whereby Procter & Gamble will utilize WaferGen’s SmartChip MyDesign™ quantitative PCR System to conduct various gene expression and other studies.
As the amount of genomics data increases with the use of Next Generation Sequencing (NGS) and microarrays, the need for high-throughput target validation becomes more acute. WaferGen’s SmartChip platform offers two products that enhance these efforts, SmartChip MyDesign™ for qPCR and SmartChip TE™for NGS sample preparation.
“We are very pleased that, following a thorough evaluation of multiple technologies, Procter & Gamble has selected our SmartChip MyDesign™ System for use in a number of gene expression and other studies,” said Dr. Ivan Trifunovich, President and CEO of WaferGen. “We believe our technology is superior to other products in a number of applications, including gene expression assays. The adoption of WaferGen’s technology by a major industrial company, such as Procter & Gamble, further underscores the critical advantages of our SmartChip solution. The platform’s key features for customers are its flexible configurations, and the ability to efficiently dispense assays in the customers’ own labs.
Relative to competitive offerings, WaferGen believes that the SmartChip MyDesign™ System has best-in-class flexibility, high levels of sensitivity without the need for pre-amplification and a very low cost per reaction. WaferGen previously announced successful proof-of-concept studies utilizing their SmartChip technology for single cell analysis, and intends to offer an Early Access Program in the second quarter of 2015, followed by a commercial product launch before the end of 2015. The single cell offering will provide an important broadening of the platform’s utility, with integrated workflows into NGS and quantitative PCR.
About WaferGen
WaferGen Bio-systems, Inc. is a life science company that offers innovative genomic solutions for clinical testing and research. The SmartChip MyDesign™ Real-Time PCR System is a high-throughput genetic analysis platform for profiling and validating molecular biomarkers via microRNA and mRNA gene expression profiling, as well as single nucleotide polymorphism (SNP) genotyping. The SmartChip TE™ System is a novel product offering for target enrichment geared towards clinical Next-Gen sequencing (NGS). The Seq-Ready™ TE System, powered by SmartChip massively-parallel singleplex PCR technology, is an innovative one-step target enrichment and library preparation solution. The Company now also offers the Apollo 324™ product line used in library preparation for NGS. These three complementary technologies offer a powerful set of tools enabling more accurate, faster and cheaper genetic analysis based on Next-Gen Sequencing and Real-Time PCR.
For additional information, please see http://www.wafergen.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other comparable terms. Forward-looking statements in this press release may address the following subjects among others: statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses, expected cash usage and our expectations concerning our competitive position and business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
CONTACT: INVESTOR CONTACTS: WaferGen Bio-systems, Inc. Ivan Trifunovich ivan.trifunovich@wafergen.com (510) 651-4450 LifeSci Advisors, LLC Brian Stollar bstollar@lifesciadvisors.com
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