Printer Friendly
The Free Library
4,482,317 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 6, 2007
Words:711
Previous Article:SPSS Announces Management Changes.
Next Article:G-III Apparel Group, Ltd. Reports First Quarter Fiscal 2008 Results.



Related Articles
Datastream Wins 2003 Customer Value Innovation Award from Frost & Sullivan.
Empirix Captures 2004 Frost & Sullivan Award for Market Leadership; Hammer VoIP Test Equipment Named Market Leader in Worldwide VoIP Testing Market...
Frost & Sullivan Names Tensilica ''2004 Semiconductors Entrepreneurial Company of the Year''.
Dionex Receives Frost & Sullivan Customer Value Enhancement Award for Drug Discovery Technologies.
Sify Wins Frost & Sullivan Market Leadership Award for IP VPN Markets for 2003; Emerges as the Single Largest Player for IP VPNs in India.
Frost & Sullivan Honors Convedia with 2005 VoIP Equipment & Network Infrastructure Company of the Year Award.
Frost & Sullivan Recognizes Dade Behring for Excellence in Customer Service Leadership.(Company Profile)
SightSpeed Receives Frost & Sullivan's 2007 'Company of the Year' Award for IP Communications Services.(Company overview)
SensorTran Distributed Temperature Sensing Solution Honored by Frost & Sullivan.
Actelis Networks Receives 2007 Frost & Sullivan Award for Market Leadership in the Global Ethernet in the First Mile Over Copper Segment.(Industry...

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles