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NEWARK,
Del. & SOUTH PASADENA, Calif.--(BUSINESS WIRE)--March
2, 2005
ANP
Technologies, Inc., a leading prime contractor for
the U.S. Army, specializing in nanobiotechnology,
today announced its partnership with Cogent Systems
(Nasdaq:COGT) in developing a low-cost, rapid biological
detection system. ANP Technologies has developed a
next generation Nano-Intelligent Detection System
(NIDS(TM)) based low-cost, rapid, multiplexed assay
for the identification and quantitative analysis of
various biological agents and biomarkers to the U.S.
Government and pharmaceutical industries.
Utilizing Cogent's
cutting-edge miniaturized ASIC, which includes the
Dimensional Digital Signal Processor (D2SP) and its
innovative pattern recognition algorithm, ANP has
recently constructed a detection system for the identification
and quantification of various biological agents including
B. anthracis spores and botulinum toxin, as well as
biomarkers related to certain diseases or disease
states. In addition, Cogent provides integration of
automated data management and data mining software.
The initial contract value is for $500,000.
The assay and detection
system will be initially utilized by leading Department
of Defense programs and agencies such as the Joint
Service Agent Water Monitor (JSAWM) program, Walter
Reed Army Institute of Research (WRAIR), and Naval
Medical Research Center (NMRC). NIDS(TM) provides
the throughput, cost effectiveness and flexibility
necessary for military personnel in the battlefield
for both "Detect to Warn" and "Detect
to Treat" purposes.
"Our revolutionary
biological detection system, which combines our patented
nanobiotechnology and Cogent's state-of-the-art pattern
recognition technology, dramatically cuts down the
response time for detecting biological agents at a
fraction of the cost," commented Tom Bodnar,
VP for Business Operations at ANP Technologies. "This
same system has vast potential to revolutionize translational
medicine by enabling scientists, both in the life
sciences and pharmaceuticals industries, to literally
perform billions of experiments utilizing less time
and reagents to produce similar results relative to
technologies in existence today, thereby providing
valuable medical information from which to extend
their research efforts. This technology has the capability
to extend into personalized medicine by providing
rapid diagnostic results, correlating drug efficacies
within specific patient groups through protein profiling,
and enabling better choices of drugs for individual
patients."
"We are excited
to work with ANP Technologies on such a revolutionary
program and believe it offers tangible evidence of
the applicability of our technology across multiple
industries," commented Ming Hsieh, President
and Chief Executive Officer of Cogent. "Our detection
system leverages the power of our ASIC technology
and our pattern recognition software to deliver a
much more powerful and cost-effective solution. We
are seeing increasing opportunities like this to leverage
our biometric technology into promising growth areas."
About ANP Technologies,
Inc.
ANP Technologies is
a leading provider of nanobiotechnology based products
for biodefense, drug discovery, translational medicine,
point of care diagnostics, therapeutic effect monitoring,
and drug delivery. ANP's mission is to develop cutting-edge
technology platforms at the nano/bio interface and
market them to the U.S. Government and large pharmaceutical/biotechnology
companies. Founded in 2002, ANP is headquartered in
Newark, Delaware and has received numerous government
contracts, grants, awards and commercial contracts
that has allowed for complete organic growth and profitability
throughout its existence as a privately-held corporation.
Additional information about ANP Technologies can
be found at www.anptinc.com.
About Cogent Systems,
Inc.
Cogent is a leading
provider of Automated Fingerprint Identification Systems,
or AFIS, and other fingerprint biometric solutions
to governments, law enforcement agencies and other
organizations worldwide. Cogent's AFIS solutions enable
customers to capture fingerprint images electronically,
encode fingerprints into searchable files and accurately
compare a set of fingerprints to a database containing
potentially millions of fingerprints in seconds.
NOTE
: In the product name mentioned in this release, Dimensional
Digital Signal Processor (D2SP), the 2 should be superscript.
This symbol may not appear properly in some systems.
Contacts
The Blueshirt Group (for Cogent)
Chris Danne, 415-217-7722
chris@blueshirtgroup.com
Rakesh Mehta, 415-217-7722
rakesh@blueshirtgroup.com
or
ANP Technologies
Thomas Bodnar, 302-283-1730
tom@anptinc.com
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