CombiMatrix's Partner Nanomaterials Discovery Corporation Issued Key Nanotech Patent.Business Editors/Health/Medical Writers BIOWIRE2K NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Feb. 11, 2004 Acacia Research Corporation (Nasdaq:CBMX)(Nasdaq:ACTG ACTG Acting ACTG AIDS Clinical Trial Group ACTG Actuating/Actuator ) announced today that its CombiMatrix group's joint product development partner, Nanomaterials Discovery Corporation (NDC NDC National Drug Code NDC NATO Defense College NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece) NDC National Dairy Council NDC National Democratic Congress ), has been granted U.S. Patent No. 6,683,446, entitled "Electrode array An electrode array is a configuration of electrodes used for measuring either an electric current or voltage. Some electrode arrays can operate in a bidirectional fashion, in that they can also be used to provide a stimulating pattern of electric current or voltage. for development and testing of materials," ("the '446 patent"). CombiMatrix and NDC will share revenues on sales of new materials and tools under a Joint Product Development and License Agreement. "The development of new nanostructured materials for commercial applications has traditionally been a cumbersome process," said Dr. Don Montgomery, President and 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. of NDC. "Electrochemistry electrochemistry, science dealing with the relationship between electricity and chemical changes. Of principal interest are the reactions that take place between electrodes and the electrolytes in electric and electrolytic cells (see electrolysis), as well as the offers the most comprehensive, reproducible and well-vetted approach to developing new nanostructured materials. The methods disclosed in the '446 patent allow us to accelerate the pace of discovery of new nanomaterials by a factor of over a thousand when compared to traditional approaches." "We are encouraged by the issuance of this patent and we look forward to a productive relationship under our collaboration," said Dr. Amit Kumar, President and CEO of CombiMatrix. "We expect the new nanotechnology initiatives sponsored by the Federal Government will help emerging nanotech companies develop innovative technology and new products." NDC has a long-standing research partnership with the University of Wyoming UW is a national research university prominent in the fields of environment and natural resource research, specializing in agriculture, energy, geology, and water resource related fields. that has focused on using electrode arrays to search for new catalysts for fuel cells, new cathode materials for rechargeable lithium batteries, and new phosphors for flat panel displays. The partnership has received substantial funding from the Office of Naval Research The U.S. Office of Naval Research (ONR), headquartered in Arlington, Virginia (Ballston), is the office within the U.S. Department of the Navy that coordinates, executes, and promotes the science and technology programs of the U.S. , Department of Energy, and the National Science Foundation. About Nanomaterials Discovery Corporation NDC combines the power of nanotechnology with the high-throughput preparation and screening capabilities of combinatorial chemistry Combinatorial chemistry involves the rapid synthesis or the computer simulation of a large number of different but structurally related molecules. Introduction Synthesis of molecules in a combinatorial fashion can quickly lead to large numbers of molecules. to develop and refine new nanostructured materials. Founded by The Blue Sky Group Inc. of Laramie, Wyoming in 2003, NDC has partnered with CombiMatrix Corporation of Washington. More information is available on the web at www.nanomaterialsdiscovery.com. About Acacia Research Corporation Acacia Research Corporation comprises two operating groups, Acacia Technologies Group and CombiMatrix Group. The CombiMatrix group is developing a platform technology to rapidly produce customizable active biochips, which are semiconductor-based tools for use in identifying and determining the roles of genes, gene mutations and proteins. CombiMatrix's technology has a wide range of applications including 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. synthesis/diagnostics, siRNA synthesis, drug discovery, and immunochemical im·mu·no·chem·is·try n. The chemistry of immunologic phenomena, as of antigen-antibody reactions. im detection. CombiMatrix provides DNA arrays to researchers under the CustomArray(TM) brand. CombiMatrix's Express Track(SM) drug discovery program is a systems biology approach, using its technology, to target common viral diseases with siRNA compounds. The initial focus of Express Track(SM) includes the following viral diseases:
Virus Collaborator
SARS NIAID/USAMRIID
HIV type 1 irsiCaixa-Dr. Bonaventura
Clotet
HIV type 2 To Be Announced
West Nile virus To Be Announced
Human Papillomavirus type 16 To Be Announced
Human Herpes 8 (Kaposi's sarcoma) To Be Announced
Smallpox (Variola) To Be Announced
Influenza virus A To Be Announced
Influenza virus B To Be Announced
Hepatitis C To Be Announced
CombiMatrix is also establishing applications of its arrays
through other partnerships as follows:
Project Collaborator
Cancer Diagnosis (Lymphoma) University of
Washington/Rational
Diagnostics
RNA Drug Targets Professor Gregory L.
Verdine, Harvard
University
Parasite
Leishmania Seattle Biomedical
Research Institute
Trypasonoma Seattle Biomedical
Research Institute
The Acacia Technologies group licenses its Digital Media Transmission (DMT See DSL. ) technology to media and electronics companies. The DMT technology covers the transmission and receipt of digital audio and digital video content, commonly known as audio on-demand, video on-demand, and audio/video streaming, and is supported by 5 U.S. and 31 foreign patents. Acacia Research-Acacia Technologies (Nasdaq:ACTG) and Acacia Research-CombiMatrix (Nasdaq:CBMX) are both classes of common stock issued by Acacia Research Corporation and are intended to reflect the performance of the respective operating groups and are not issued by the operating groups. Information about Acacia Research Corporation and the Acacia Technologies group is available at www.acaciaresearch.com. Information about the CombiMatrix group is available at www.combimatrix.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , recent and forthcoming Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. |
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