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Biotech / Medical : Acacia (ACRI)--a stock for the future
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To: Paul Lee who started this subject7/15/2002 6:52:10 AM
From: Paul Lee   of 1135
 
CombiMatrix Completes Prototype Electrochemical Detection System Under U.S. Department of Defense Grants
BUSINESS WIRE - July 15, 2002 06:00
NEWPORT BEACH, Calif., Jul 15, 2002 (BW HealthWire) -- Acacia Research Corporation (Nasdaq:ACRI) announced today that its majority owned subsidiary, CombiMatrix, has completed a prototype electrochemical detection system and is set to deliver the system to the U.S. Department of Defense.

CombiMatrix developed its sensor technology through grants from the U.S. Department of Defense. The focus of the grants was aimed at developing an ultrasensitive hand-held biochip system for detecting the deployment of chemical and biological warfare agents.

"Delivery of these fully functional prototype units for U.S. Department of Defense testing and evaluation is an important milestone in the commercialization of our system for the detection of chemical and biological warfare agents," said Dr. Donald Montgomery, Chief Technology Officer of CombiMatrix. "We understand the urgent need for this capability in homeland defense applications and our goal is to pursue this application of our technology through additional collaborations."

CombiMatrix will be demonstrating its electrochemical sensor technology at the Homeland Security and Force Protection Science and Technology Conference to be held at Fort Leonard Wood, Missouri on August 7th and 8th, 2002. Fort Leonard Wood is the home of the Army's schools for chemical and biological research.
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