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IRIS International Introduces New Urine Chemistry Analyzer at the CLMA ThinkLab '06 Conference and Exhibition.


CHATSWORTH, Calif. -- IRIS International, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: IRIS), a manufacturer and marketer of automated IVD (Interactive VideoDisc) See interactive video.  urinalysis systems and medical devices used in hospitals and clinical reference laboratories worldwide, today announced that the Company unveiled its new iChem(TM)100 Urine Chemistry Analyzer at the CLMA CLMA Clinical Laboratory Management Association
CLMA Contact Lens Manufacturers Association
CLMA Cariboo Lumber Manufacturers' Association (Canada)
CLMA Canadian Lumber Manufacturers Association
CLMA Collegiate Middle Level Association
 (Clinical Laboratory Management Association) ThinkLab '06 Conference and Exhibition in Charlotte, N.C.

The iChem100 analyzer, its associated iChem Urine Chemistry Strip and the visual read vChem(TM) Urine Chemistry Strips product lines, were introduced to nearly 3,500 laboratory professionals who attended the exhibition at the Charlotte Convention Center The Charlotte Convention Center opened in 1995 and attracts more than half a million visitors each year. It was designed by Thompson, Ventulett, Stainback & Associates (TVS). .

The iChem100 is a semi-automated, benchtop instrument designed for small clinical laboratories testing up to 50 samples per day, which include small hospitals, outpatient clinics, alternate care facilities, nursing homes and large physician offices.

"These product lines open up new urine chemistry market segments, enabling IRIS to further penetrate the estimated $500 million global urine chemistry market," stated IRIS President and Chief Executive Officer Cesar Garcia. "The iChem100 will be marketed domestically by a new distribution network and internationally through a combination of our established overseas laboratory distributors and new distributors who specialize in physician office sales."

"Looking toward the future, we are progressing with the development of a fully automated urine chemistry analyzer to complement our existing line of highly successful iQ(R)200 Automated Microscopy Analyzers and expect to complete a prototype during the second half of this year. This will enable IRIS to offer an even more comprehensive product line and begin penetrating the international automated urine chemistry market."

IRIS' product expansion is a result of its own research as well as from technology leveraged from its May 2005 acquisition of Quidel Corporation's urine chemistry product line. The iChem100 is an enhanced model of Quidel's chemistry analyzer. As a result of the many improvements implemented on this instrument, IRIS recently submitted a 510(k) application with the U.S. Food and Drug Administration (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.
) seeking market clearance for the iChem100 Analyzer and the iChem Urine Chemistry Test Strip.

THE COMPANY

IRIS International, Inc. (www.proiris.com) is a leader in automated urinalysis technology with systems in major medical institutions throughout the world. The Company's newest generation iQ(R)200 Automated Urine Microscopy Analyzer, utilizing image flow cytometry flow cytometry (flōˑ sī·tˑ·m , patented Automated Intelligent Microscopy (AIM) technology and neural network-based particle recognition, achieves a significant reduction in the cost and time-consuming steps involved in manual microscopic analysis. The Company's StatSpin(R) subsidiary, based in Norwood, Mass., manufactures innovative centrifuges and blood analysis products. Advanced Digital Imaging Research, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (ADIR ADIR Asociación para el Desarollo Integral Rural (Association for Rural Integral Improvement, Guatemala)
ADIR Aircraft Data Insertion Retrieval
), based near Houston, Texas, is the Company's imaging research and development subsidiary.

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.
 PROVISION

This news release contains forward-looking statements made in reliance upon the safe harbor provisions of 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. Forward-looking statements include, but are not limited to, the Company's views on future commercial revenues, market growth, capital requirements Capital requirements

Financing required for the operation of a business, composed of long-term and working capital plus fixed assets.
, and new product introductions, and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry, competition and capital requirements. Other factors and uncertainties that could affect the Company's forward-looking statements include, among other things, the following: the acceptance by customers of our new iQ(R)200 product platform, our substantial expansion of international sales and our reliance on key suppliers, the potential need for changes in long-term strategy in response to future developments; future advances in diagnostic testing Diagnostic testing
Testing performed to determine if someone is affected with a particular disease.

Mentioned in: Von Willebrand Disease
 methods and procedures, as well as potential changes in government regulations and healthcare policies, both of which could adversely affect the economics of the diagnostic testing procedures automated by the Company's products; rapid technological change in the microelectronics and software industries; and increasing competition from imaging and non-imaging based in-vitro diagnostic products. The Company refers interested persons to its most recent 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.
 and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. The Company assumes no duty to update its forward-looking statements.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 21, 2006
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