GeneThera Selects Tecan Platform as Standard.WHEAT RIDGE, Colo. -- GeneThera, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : GTHA) today announced that the Company has chosen the Tecan Freedom EVO(R) system for installation in each testing facility the Company opens in the future as well as in its Wheat Ridge, Colorado The City of Wheat Ridge is a Home Rule Municipality located in Jefferson County, Colorado, United States. Wheat Ridge is a western suburb of Denver. The Wheat Ridge Municipal Center is 5 miles (8 km) lab. "The Tecan product is a superior system that will allow GeneThera to streamline our live animal blood testing and allow us to automatically run our tests with 100 percent accuracy," said Dr. Tony Milici, 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. . "We have standardized on the Freedom EVO(R) system, which will allow for each lab to come on-line much sooner without the delay of training personnel on new products and procedures. All training will be done in our Wheat Ridge facility prior to sending each new system to our international labs." "We are proud to have GeneThera select Tecan as their equipment and testing partner," said Jeff Aufmann, Tecan's MidWest Sales Manager. "To have the opportunity to advance GeneThera's live animal testing assay with our product and to work with Dr. Milici throughout GeneThera's labs is of great importance to our Company." GeneThera, Inc. is a molecular biotechnology company located in Wheat Ridge, CO. The Company provides genetic diagnostic solutions for the veterinary and agricultural industries with future plans to include the healthcare industry. The Company's proprietary diagnostic solution is based on a genetic expression assay, GEA(TM), a protocol designed to function on a highly automated Fluorogenic PCR PCR polymerase chain reaction. PCR abbr. polymerase chain reaction Polymerase chain reaction (PCR) platform. This platform enables GeneThera to offer tests that are presently not available from other technologies. The GEA is designed for a host of individual diseases, the current priority being Mad Cow disease mad cow disease: see prion. mad cow disease or bovine spongiform encephalopathy (BSE) Fatal neurodegenerative disease of cattle. Symptoms include behavioral changes (e.g. , Chronic Wasting Disease Noun 1. chronic wasting disease - a wildlife disease (akin to bovine spongiform encephalitis) that affects deer and elk animal disease - a disease that typically does not affect human beings , a disease affecting elk and deer in North America; E.Coli 0157:H7 and Johnne's Disease, diseases affecting cattle worldwide. Tecan (www.tecan.com) is a leading player in the Life Science supply industry that specializes in the development, production, and distribution of solutions enabling the discovery of pharmaceutical substances, as well as for genomics, proteomics, and diagnostics. Through its subsidiary REMP (www.remp.com) Tecan is a leading supplier of compound and sample storage, managerial and logistic solutions. Tecan clients are leading pharmaceutical and biotechnology companies, university research departments and diagnostic laboratories. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in both North America and Europe and maintains a sales and service network in 52 countries. In 2005, Tecan achieved sales of CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 344.9 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 275.9 million; EUR 222.5 million). Registered shares of Tecan Group are traded on the SWX Swiss Exchange SWX Swiss Exchange An all-electronic securities exchange formed from the 1995 merger of exchanges in Geneva, Basel, and Zurich. The exchange offers trading in equity securities, investment funds, exchange-traded funds, bonds, Eurobonds, and options. (TK: TECN / Reuters: TECZn.S / Valor: 1210019). "Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in 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. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital. |
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