Ciphergen Signs Distribution and Marketing Agreement With Techcomp (Holdings) Limited for China Market
January 17 2006 - 8:30AM
PR Newswire (US)
FREMONT, Calif., Jan. 17 /PRNewswire-FirstCall/ -- Ciphergen
Biosystems, Inc. (NASDAQ:CIPHE) announced today that it has signed
a Distribution and Marketing Agreement with Techcomp (Holdings)
Limited whereby Techcomp will distribute Ciphergen's ProteinChip(R)
family of products in the People's Republic of China (excluding
Taiwan), Hong Kong, Republic of Singapore, Malaysia, Vietnam and
Indonesia. Ciphergen and Techcomp have also entered into a product
development and manufacturing agreement for sample preparation
technology and an associated device. The resulting product(s) would
be manufactured by Techcomp and sold by Ciphergen on a worldwide
basis. "We are delighted to be working with Techcomp to cover a
market that clearly has significant potential for Ciphergen,"
stated Gail S. Page, President and Chief Executive Officer of
Ciphergen. "Techcomp has a proven capability in these territories
in distributing and servicing analytical instruments, life science
instrumentation and laboratory equipment for other companies such
as Hitachi. In addition, they are a proven original design
manufacturer for international companies and under their own brand
for the Chinese market." "We believe that there is a significant
market opportunity in China for the ProteinChip technology and with
our wide coverage of the Chinese customer base we are confident we
can contribute to the success of Ciphergen. We have already spent
the last six months getting close to the existing installed base in
China and have prepared our sales and service force through
training to effectively market and service this product line,"
stated Richard Lo, President of Techcomp. About Ciphergen Ciphergen
is dedicated to the discovery of protein biomarkers and panels of
biomarkers and their development into protein molecular diagnostic
tests that improve patient care; and to providing collaborative
R&D services through its Biomarker Discovery Center(R)
laboratories for biomarker discovery for new diagnostic tests as
well as pharmacoproteomic services for improved drug toxicology,
efficacy and theranostic assays. Ciphergen develops, manufactures
and markets a family of ProteinChip(R) Systems and services for
clinical, research and process proteomics applications. ProteinChip
Systems enable protein discovery, validation, identification and
assay development to provide researchers with predictive,
multi-marker assay capabilities and a better understanding of
biological function at the protein level. Additional information
about Ciphergen can be found at http://www.ciphergen.com/. About
Techcomp (Holdings) Limited Founded in 1988 and listed on the
Singapore Stock Exchange main board, Techcomp is principally
engaged in the design, development, manufacture and distribution of
analytical instruments, life science equipment and laboratory
instruments. The Group has its principal manufacturing operations
in Shanghai; it designs and manufactures various instruments,
including gas and ion chromatographs, UV-Vis spectrophotometers and
centrifuges for its house brand "Techcomp" and for other companies
on original design manufacture ("ODM"), original equipment
manufacturing ("OEM") and private label bases. The Group's
manufacturing and distribution products cater to the academic,
industrial, pharmaceutical, biotechnology and other research and
laboratory markets, as well as the clinical laboratory and
healthcare industries, agricultural and environmental industries,
and government agencies. The Group distributes analytical
instruments, life science equipment and laboratory instruments to
customers in China and around the world through its trading
subsidiaries located in China, Hong Kong and Singapore, and its 11
liaison offices in China. Through its subsidiaries and third party
distributors, it is also able to offer its customers maintenance
and application support and repair services for all the products
manufactured and distributed. Additional information about the
company can be found at http://www.techcomp.com.hk/ Safe Harbor
Statement Note Regarding Forward-Looking Statements: For purposes
of the Private Securities Litigation Reform Act of 1995 (the
"Act"), Ciphergen disclaims any intent or obligation to update
these forward-looking statements, and claims the protection of the
Safe Harbor for forward-looking statements contained in the Act.
Examples of such forward-looking statements include statements
regarding the market potential in China for Ciphergen and its
ProteinChip products, and plans to develop, manufacture and sell a
sample preparation device in collaboration with Techcomp. Actual
results may differ materially from those projected in such
forward-looking statements due to various factors, including the
risk that future sales may not materialize in China for Ciphergen
and that Techcomp may not succeed in developing a sample
preparation device for Ciphergen that meets with commercial
success. Investors should consult Ciphergen's filings with the
Securities and Exchange Commission, including its Form 10-Q dated
December 21, 2005, for further information regarding these and
other risks of the Company's business. NOTE: Ciphergen, ProteinChip
and Biomarker Discovery Center are registered trademarks of
Ciphergen Biosystems, Inc. First Call Analyst: FCMN Contact:
scarruthers@ciphergen.com DATASOURCE: Ciphergen Biosystems, Inc.
CONTACT: Sue Carruthers, Investor Relations of Ciphergen
Biosystems, Inc., +1-510-505-2233 Web site:
http://www.techcomp.com.hk/ Web site: http://www.ciphergen.com/
Copyright
Ciphergen Biosystems (NASDAQ:CIPHE)
Historical Stock Chart
From Apr 2024 to May 2024
Ciphergen Biosystems (NASDAQ:CIPHE)
Historical Stock Chart
From May 2023 to May 2024