*OT* for most but not of course for MqDNAurice
Clinical Micro Sensors Announces Alliance with Motorola to Advance Emerging Field of Biochip Technology
Investment by Motorola in CMS Marks Companies' Commitment to Revolutionizing The Practical Uses of Molecular Research
PASADENA, Calif., August 2 /PRNewswire/ -- Clinical Micro Sensors Inc. (CMS) today announced that it has entered into a multi-year strategic alliance with Motorola (NYSE: MOT - news) to further advance developments in electronics and biochip technology. The relationship includes an initial equity investment by Motorola with the option to invest additional funds in future financing of CMS. To date, CMS has raised a total of $23 million from private and corporate investors.
The relationship is intended to explore ways in which the latest developments in molecular research and distributed electronics could be used to detect and treat disease, manage the food supply and protect the environment. Potential products could have an impact on a broad range of markets, including clinical and industrial diagnostics, biomedical research, pharmacogenomics, agriculture, the environment and the military.
''We believe that Motorola is an ideal partner to help CMS expand the market for our portable DNA sensor technology,'' said Jon Kayyem, President and CEO of CMS. ''Motorola's strengths in the design and fabrication of electronic devices, as well as its chip manufacturing capabilities, will help to make the analysis of DNA and other complex biological molecules both routine and cost-effective.''
CMS has developed a patented technology for detecting and analyzing DNA and other biomolecules. This detection technology is unique among the methods available for detecting DNA and other biological molecules because it uses low-cost, durable biochips, is simple to use, and produces electronic results. CMS' technology is complementary to Motorola's plans to penetrate the biotechnology industry. Motorola is known for its strengths in electronics, communications, portable devices and integrated systems, and has been developing biochip-based systems for application in a variety of markets.
''CMS has a unique and exciting technology which will enable portable DNA diagnostics across a variety of applications,'' said Nicholas Naclerio, Vice President and General Manager of Motorola BioChip Systems. ''We share a vision of the potential for DNA diagnostics to improve the quality of life. We are impressed with the company, its management team and its progress.''
''Motorola has a history of pioneering new industries. Our BioChip Systems unit is applying our strengths in engineering and high quality manufacturing to enable new products for the Life Sciences arena,'' said Rud Istvan, Motorola Senior Vice President and Director of Corporate Strategy. ''Partnerships such as that with CMS are part of our approach to establish a leadership position in this industry.''
Clinical Micro Sensors, Inc. was founded in 1995 to expand the range of applications for microchip-based analysis of DNA and other biomolecules. Its detection technology promises to expand the range of commercial uses for molecular diagnostics. Applications include clinical and industrial diagnostics, biomedical research, pharmacogenomics, agriculture, and the detection of pathogens in food, the environment, and for military purposes. CMS, located in Pasadena, Calif., is privately held. The company's web site is microsensor.com .
Motorola is a global leader in providing integrated communications solutions and embedded electronic solutions. These include: software-enhanced wireless telephone, two-way radio, messaging and satellite communications products and systems, as well as networking and Internet-access products, for consumers, network operators, and commercial, government and industrial customers; embedded semiconductor solutions for customers in the consumer, networking and computing, transportation and wireless communications markets; and embedded electronic systems for automotive, communications, imaging, manufacturing systems, computer and consumer markets. Sales in 1998 were $29.4 billion. Visit Motorola at motorola.com .
SOURCE: Clinical Micro Sensors Inc. |