Advanced Liquid Logic Wins Prestigious Frost & Sullivan Award.RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , 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 Digital microfluidics is an alternative technology for lab-on-a-chip systems based upon micromanipulation of discrete droplets. Microfluidic processing is performed on unit-sized packets of fluid which are transported, stored, mixed, reacted, or analyzed in a discrete manner using 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 Richard West may refer to:
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 DNA amplification Molecular diagnostics Any method used to ↑ the copy number of a sequence of DNA. See Cycling probe technology, Gap LCR–gap ligase chain reaction, Gene amplification, NASBA–nucleic acid sequence-based amplification, PCR, by PCR PCR polymerase chain reaction. PCR abbr. polymerase chain reaction Polymerase chain reaction (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 pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: 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 Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , 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 econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. , 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 pollack: see cod. pollack or pollock Either of two commercially important North Atlantic species of food fish in the cod family (Gadidae). 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 DNA sequencing The determination of the sequence of nucleotides in a sample of DNA. , analyte sorting, multiplexing multiplexing, in communication, technique whereby two or more independent messages, or information-bearing signals, are carried by a single common medium, or channel. of different classes of analyses, and integrated sample preparation. To date, Advanced Liquid Logic has received several million dollars in NIH "Not invented here." See digispeak. NIH - The United States National Institutes of Health. grants and venture financing and is developing it first commercial product. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion