Frost & Sullivan Recognizes Idaho Technology's Successful Business Development Strategy.
Since its entry into the biological detection industry in 1998, Idaho Technology has earned a reputation as a provider of effective and reliable detection equipment. Its successful performance of emergency services in the aftermath of the 9/11 attacks has further emphasized its position as a trustworthy participant.
"The company has strongly advocated its products and technology not only for profit and market growth, but also out of a sincere belief that these can help defend the United States and its troops overseas," notes Matthew A. Farr, Research Analyst with Frost & Sullivan. "This achievement is even more remarkable since the industry has always been rather difficult to penetrate."
Recently, Idaho won the Department of Defense's Joint Biological Agent Identification and Diagnostic System (JBAIDS) contract by targeting the need six months before the actual contract was posted to the DoD Website. Therefore, the company was preemptively able to initiate structuring the proposal and prototype significantly ahead of the competition.
Moreover, the company's Ruggedized Advanced Pathogen Identification Device (R.A.P.I.D.) and RAZOR systems have played a pivotal role in cementing Idaho's reputation and boosting adoption rates.
The R.A.P.I.D. system automatically analyzes samples for the presence of any (deoxyribonucleic acid) DNA sequence. Capable of detecting up to 32 samples in 30 minutes, this detector is particularly noteworthy for its ease of use.
Since the software is divided into basic and advanced modes, the user can prepare a sample, place it in the instrument, and simply push a button. Portability is yet another factor that is likely to act in favor of R.A.P.I.D.'s adoption.
RAZOR is a small, nine-pound, biological detection system capable of detecting any harmful pathogens. A stand-alone sensor, it is a battery-operated thermocycler with built-in analysis and detection software that is a complete self-contained detection unit.
"Because of its new instrument software, this detector has low to zero false positives," says Farr. "While storing the data in its onboard storage unit, this software shows simple to read, positive/negative detection results that can be downloaded to any computer interface."
Frost & Sullivan presents this annual Award to the company that has played a pioneering role in its industry by providing cutting-edge products and concepts. The company should also demonstrate superior market skills and must be particularly adept at identifying new market opportunities and cross-functional synergies.
About Idaho Technology, Inc.
Idaho Technology, Inc. is a privately held biotechnology company based in Salt Lake City, Utah. Founded in 1990, Idaho Technology licensed a pioneering technology from the University of Utah for the world's fastest DNA detection device. Idaho Technology created several products based on this technology with funds from the United States Department of Health and Human Services and the Department of Defense. Researchers, medical technicians, law enforcement officers, and soldiers in the field use the company's devices to detect or study disease-causing organisms.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world. For more information, visit www.frost.com
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|Date:||Oct 20, 2004|
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