Centrex Announces Micronics Development Agreement; Company Expanding Efforts to Introduce Bio-Threat Detection System.Business Editors TULSA, Okla.--(BUSINESS WIRE)--June 3, 2003 Centrex, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNEX) today announced that it has signed a development agreement with Redmond, Washington-based Micronics, Inc. to design and develop disposable, multipurpose mul·ti·pur·pose adj. Designed or used for several purposes: a multipurpose room; multipurpose software. multipurpose Adjective microfluidics lab cards that incorporate Centrex's single molecule nucleic acid nucleic acid, any of a group of organic substances found in the chromosomes of living cells and viruses that play a central role in the storage and replication of hereditary information and in the expression of this information through protein synthesis. detection ("SMD (1) (Storage Module Device) A high-performance hard disk interface used with minis and mainframes that transfers data in the 1-4 MBytes/sec range (SMD-E provides highest rate). See hard disk. ") technology. Centrex's SMD technology has been exclusively licensed from Los Alamos National Laboratories and represents advantages over existing DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. and RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic detection methods as well as culture-based test methods. The technology eliminates the need for amplification of the target DNA, which reduces the possibility of false positive and negative test results -- common concerns identified with others test procedures. Centrex's detection system is designed to be adaptable to the detection of a variety of bacterial or viral organisms by recognizing the unique DNA or RNA fingerprint of the organism. Centrex plans to focus on the commercialization of a first product that provides a simultaneous multi-channel detection system that is compact, fully automated and capable of monitoring the presence of biological agents in air, food and water. Potential additional applications for the Centrex technology include bioterrorism and Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , food and water processing, blood supply screening, and general DNA/RNA testing. Under the agreement, Centrex has retained Micronics, Inc, to provide custom lab card design, development and prototypes systems. The proposed lab card for the Centrex system is expected to include fully automated on-card sample preparation, mixing, separation, and analysis. Reagent and waste storage also are designed to be on card for ease of use and disposal. Micronics is believed to offer the most sophisticated and rapid lab card prototyping facility in the world today, including an extensive materials and designs library. Micronics is capable of producing over 40,000 prototype lab cards per year in its Class 10000 facility. Micronics also is considered the world leader in the use of thin film laminates and injection molding solutions in lab card development. According to Centrex CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dr. Thomas R. Coughlin, Jr., "The agreement with Micronics provides Centrex with access to one of the preeminent microfluidics industry leaders as an invaluable development resource. This is an important step toward commercialization of the Centrex single molecule nucleic acid detection technology." About Centrex Centrex, Inc. is a development stage company that owns the exclusive worldwide license to develop, manufacture and market a system for detecting microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. contamination in air, food and water. The initial technology was developed at the Los Alamos National Laboratories for the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). . For more information, visit the Centrex Web site at www.centrexcorporation.com or contact Loren Brown at 407/682-2001. About Micronics Micronics, Inc. offers full service custom lab card development and integrated instrumentation on behalf of clients worldwide. Micronics has both an established microfluidics-based patent portfolio and extensive experience in providing essential "microplumbing" of fluids to on-card micro-electrical-mechanical (MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. ) devices, sensors, adsorbents, lateral flow strips, reagents, and membranes. Micronics can also embed glass, silicon, and other features on card. Micronics provides lab card prototyping as well as commercial lab card production services. For additional information, visit www.micronics.net. This press release contains certain forward-looking statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our business. Those uncertainties are discussed in the Company's SEC filings. |
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