Advanced Liquid Logic Wins Prestigious Frost & Sullivan Award.RESEARCH TRIANGLE PARK, N.C. -- Advanced Liquid Logic announced today that it has been awarded Frost & Sullivan's 2007 Entrepreneurial Company of the Year Award for the advancement of both the company and its unique lab-on-a-chip technology. "We know - and our academic and commercial collaborators know - that digital microfluidics has the power to change the way testing is performed in healthcare, research, and industrial applications. To be recognized by Frost & Sullivan is an important validation of the major potential of digital microfluidics technology as well as Advanced Liquid Logic's leadership position," said Richard West, CEO of Advanced Liquid Logic. "The award also recognizes our rapid progress developing the company and moving the technology into ground-breaking products. We are very proud of the dedication and creative talent of our growing staff of technology and product development experts." Vamsee Pamula, Co-founder of Advanced Liquid Logic added, "We believe in the disruptive potential of the digital microfluidics paradigm and we are pleased to receive this award, which substantiates our vision." In a recent analyst briefing about lab-on-a-chip technology Frost & Sullivan analyst Sangeetha Prabakar stated, "In the future, digital microfluidics is going to be the norm rather than the present day concept of continuous flow microfluidics." Frost & Sullivan's primary analyst Avinash Bhaskar added, "The implications of such a technology on the multi-billion dollar medical diagnostics market could be profound." Advanced Liquid Logic's first product will employ digital microfluidics to perform a broad variety of liquid-based laboratory tests on small sample volumes - including clinical chemistry, immunoassays, and DNA amplification by PCR - all on the same portable instrument. The Company has recruited a number of lead users and is interested in additional evaluation placements for later this year. The Company is currently in talks with several major diagnostics companies and is interested in projects to address clinical diagnostic challenges. Frost & Sullivan's Entrepreneurial Company of the Year Award is given to a small, emerging technology company with a vision that has enabled it to nurture the development of a key technology, and also allowed it to grow despite the inherent odds confronting small companies. This award signifies recognition of the company's identification of a unique or bold product or service solution with significant market potential, and then successfully meeting the challenges that are associated with bringing it to market. To choose the award recipient, Frost & Sullivan's analyst team tracks technology and market developments with a set of predetermined qualitative and quantitative measurements. The selection process includes primary participant interviews and/or interviews with end users, distributors and suppliers, as well as extensive primary and secondary research via the bottom-up approach. In order to select the award recipient, the analyst team quantifies several measurements for each entrepreneurial company--paying close attention to the success of the combined operation--and benchmarks these participants against their competitors to arrive at a final ranking. This also involves benchmarking the award recipient's strategy for growth against established players' strategies. The analysts then choose the best performing, most innovative, high growth potential company for the entrepreneurial company award. About Frost & Sullivan Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.awards.frost.com. About Advanced Liquid Logic, Inc. Advanced Liquid Logic was founded by Vamsee Pamula and Michael Pollack based on a new technology for micro-liquid-handling called digital microfluidics pioneered at Duke University. Small droplets can be manipulated under direct, programmable, software control to perform complex, liquid-based testing in a palmtop-sized device. The Company's primary focus is developing products for clinical diagnostics. The Company has demonstrated clinical chemistry assays, immunoassays, and PCR on the technology platform and is in the process of implementing DNA sequencing, analyte sorting, multiplexing of different classes of analyses, and integrated sample preparation. To date, Advanced Liquid Logic has received several million dollars in NIH grants and venture financing and is developing it first commercial product. |
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