Corporate - Media & Press - Press Release
Arrayit Wins Equipment Contract From Sandia National Laboratories
National Security Program Enhanced With Highly Sensitive Detection Devices
Source: Arrayit Corporation
On Wednesday September 21, 2009, 7:00 am EDT
SUNNYVALE, CA--(Marketwire - 09/21/09) - Arrayit Corporation (OTC.BB: ARYC), a proprietary life sciences and nanotechnology technology leader, announces that on September 11th, 2009 Arrayit delivered its proprietary nanotechnology platform to Sandia National Laboratories in Albuquerque, New Mexico. Sandia Labs, managed by the Lockheed Martin Corporation, works with the Transportation Security Administration (TSA) and the Department of Homeland Security to enhance national security.
Sandia will utilize Arrayit's proprietary nanotechnology manufacturing platform, which empowers researchers to create microarrays, biosensors and "chemical noses" that detect the biological and chemical agents used in lethal terrorist attacks. Arrayit's patented delivery system deposits nanoliter quantities of analytical reagents onto proprietary substrates to create the sophisticated detection devices.
"We are pleased to receive this contract from the prestigious Sandia Labs," states Rene Schena, CEO and co-founder of Arrayit Corp. "We look forward to leveraging our unique and patented nanotechnology capabilities to enhance national safety."
About Arrayit Corporation
Arrayit Corporation, headquartered in Sunnyvale, California, leads and empowers the genetic, research, pharmaceutical, and diagnostic communities through the discovery, development and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. It now offers over 650 products to a customer base of more than 2,500 laboratories worldwide, including most every major university, pharmaceutical and biotech company, major agricultural and chemical company, government agency, national research foundation and many private sector enterprises. Please visit www.arrayit.com for more information.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the biomedical business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions, the outcome of our legal disputes; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Arrayit and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended December 31, 2008 and Form 10-Q/A for the fiscal first quarter ended March 31, 2008 and Form 10-Q for the fiscal third quarter ended September 30, 2008.
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