CombiMatrix and Prisma Expand Relationship in China, Taiwan, and Other Countries.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. -- Acacia Research Corporation (Nasdaq:CBMX) (Nasdaq:ACTG ACTG Acting ACTG AIDS Clinical Trial Group ACTG Actuating/Actuator ) announced today that its CombiMatrix group has entered a distribution and manufacturing agreement with Prisma Biotech Corporation. In this relationship, Prisma will promote and sell CombiMatrix products in Taiwan, China, and various other countries and, using CombiMatrix CustomArray(TM) Synthesizers in the region, has the ability to synthesize content onto CombiMatrix CustomArrays and to sell those arrays to end customers. One of the strengths of CombiMatrix's platform is its CustomArray Desktop Synthesizer synthesizer Machine that electronically generates and modifies sounds, frequently with the use of a digital computer, for use in the composition of electronic music and in live performance. . CombiMatrix is now establishing manufacturing and distribution relationships with regional companies to enable them to manufacture arrays onsite for their local markets. Such relationships benefit CombiMatrix by expanding the commercial market for its products without having to build additional infrastructure. In addition to sales of synthesizers to the partner, CombiMatrix will continue to sell blank CustomArrays, reagents, additional synthesizers, and equipment to the partner for its local customers. CombiMatrix's partner benefits by gaining access to state-of-the-art microarray technology, which can then be manufactured locally. Other major array manufacturers are not able to execute this business strategy since their manufacturing methods do not enable distributed manufacturing. "We are very pleased to have Prisma join CombiMatrix's growing international promotion and sales network," said Dr. Amit Kumar, 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 CombiMatrix. "They are an aggressive sales organization, looking to expand their technology base. CombiMatrix sees great opportunity in the areas they serve and sees a great fit with Prisma's expertise." "Prisma has a great deal of experience especially in the prevalent spotted-array market in Taiwan and China," said Kevin Tseng, President & CEO of Prisma Biotech. "Since we see CombiMatrix's CustomArray technology as the next stage in technological evolution over that technology, we were very interested in the ability to make it available. Users here have been calling out for the next wave. Now that we have it, we begin our work to expand the market and to provide the customers with this new technology." ABOUT PRISMA BIOTECH CORPORATION Prisma Biotech Corporation is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that was founded in 1995 in Taipei, Taiwan. Prisma has had over ten years of extensive expertise as a vendor and supplier of life-science-research and in vitro-diagnostic (IVD (Interactive VideoDisc) See interactive video. ) products in Taiwan. In the area of life-science research, Prisma represents several major brand-name products in genomics and proteomics research, such as arrayers, laser scanners, high-throughput 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. analyzers, protein crystallography machines, automated liquid-handling workstations, and so on. In the area of IVD products, Prisma represents a number of worldwide leading products in lateral-flow technology-related biosensors, raw materials, consumables, accessories, and spotters. Prisma's unique strength lies in its long-term experience in microarray-related products, which include arraying instruments, parts, accessories, hybridization hybridization /hy·brid·iza·tion/ (hi?brid-i-za´shun) 1. crossbreeding; the act or process of producing hybrids. 2. molecular hybridization 3. reagents, and consumables. As a result, Prisma is very familiar with the products, market trends, and channels to the customers in both China and Taiwan. Prisma is committed to delivering state-of-the-art, quality services and products in order to meet the customer's needs. For further information, contact Prisma at: 7th Floor, 72 Song-Te Road, Taipei 110, Taiwan; Tel: +886-2-27230886, Fax: +886-2-27230876; Website: www.prismabiotech.com.tw. 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 arrays, which are semiconductor-based tools for use in identifying and determining the roles of genes, gene mutations and proteins. The CombiMatrix's group's technology has a wide range of potential applications in the areas of genomics, proteomics, biosensors, drug discovery, drug development, diagnostics, combinatorial chemistry, material sciences and nanotechnology. The Acacia Technologies group develops, acquires, and licenses patented technologies. Acacia controls 42 patent portfolios, which include over 160 U.S. patents, and certain foreign counterparts, covering technologies used in a wide variety of industries including audio/video enhancement & synchronization, broadcast data retrieval, computer memory cache coherency co·her·en·cy n. pl. co·her·en·cies Coherence. Noun 1. coherency - the state of cohering or sticking together coherence, cohesion, cohesiveness , credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. protection, database management, data encryption & product activation, digital media transmission (DMT See DSL. (R)), digital video production, dynamic manufacturing modeling, enhanced Internet navigation, hearing aid ECS See eComStation. , image resolution enhancement, interactive data sharing, interactive television, laptop docking station connectivity, microprocessor enhancement, multi-dimensional bar codes, network data storage, resource scheduling, rotational video imaging, spreadsheet automation, user activated Internet advertising and web conferencing & collaboration software. 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 the Acacia Technologies group and the CombiMatrix group is available at www.acaciaresearch.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 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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