Chembio Files Rapid Test Patent Application; HIV Prevention Conference Highlights Need for Rapid Testing; New Technology Demonstrates Substantially Improved Performance in Preliminary Studies.MEDFORD, N.Y. -- Chembio Diagnostics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CEMI CEMI Center for Experimental Music and Intermedia (University of North Texas, Denton, TX) CEMI Communications-Electronics Maintenance Instruction ) announced today that it has filed a second new patent application with the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property for a novel method and device for rapid testing incorporating a form of lateral flow technology. The Company believes that this patent application is a significant departure from conventional lateral flow product designs and that it has shown substantially improved performance compared to such conventional products based upon preliminary studies that the Company has conducted. The Company believes that this new patent application substantially improves its intellectual property portfolio by providing it with a broad proprietary platform upon which to develop future HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. , TB and other STD (Subscriber Trunk Dialing) Long distance dialing outside of the U.S. that does not require operator intervention. STD prefix codes are required and billing is based on call units, which are a fixed amount of money in the currency of that country. products that will serve the needs of prevention efforts globally. The Company believes this new innovative lateral flow test may improve sensitivity of TB serology Serology The division of biological science concerned with antigen-antibody reactions in serum. It properly encompasses any of these reactions, but is often used in a limited sense to denote laboratory diagnostic tests, especially for syphilis. specially in HIV infected patients. There is an urgent need for an innovative diagnostic method for HIV/TB (http://www.stoptb.org/events/world_tb_day/2005/PDF/1GB.pdf). The Company participated in the 2005 National HIV Prevention Conference in Atlanta (http://www.2005hivprevconf.org/index.asp) this week where statistics were released that estimate that there are now more than one million people living with HIV in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , even though many of those are not aware of their HIV-positive status. "We are committed to the continued development of rapid diagnostic test solutions that must be an integral component of successful prevention efforts," said Lawrence A. Siebert, President of Chembio. "The innovative platform development, led by our Director of Research & Development, Javan Esfandiari, provides us with a unique platform for future products and significantly complements our current products used internationally in HIV prevention programs and that have been submitted to the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. for approval." ABOUT CHEMBIO Chembio Diagnostics, Inc. (Chembio) possesses expertise in the development and manufacturing of rapid test products for various infectious diseases infectious diseases: see communicable diseases. , including HIV, Tuberculosis and Chagas Disease Cha·gas disease or Cha·gas-Cruz disease n. See South American trypanosomiasis. . References to Chembio Diagnostics, Inc. may actually refer to Chembio Diagnostic Systems, Inc., the 100%-owned subsidiary of Chembio Diagnostics, Inc. Chembio is located at 3661 Horseblock Road, Medford, NY 11763. Chembio's telephone number is 631-924-1135. Email can be directed to info@chembio.com. Additional information can be found at www.chembio.com. FORWARD-LOOKING STATEMENTS Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the Company's ability to obtain additional financing and the demand for the Company's products. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission. |
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