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GenVault Partnership with Genome Quebec Brings $3.3 Million Sale of Dynamic Archive Product
Date:8/28/2007

New Products Expand Customer Base

CARLSBAD, Calif., Aug. 28 /PRNewswire/ -- GenVault Corporation, the leader in room temperature biosample management, forged a partnership with Genome Quebec and the Centre hospitalier affilie universitaire de Chicoutimi to support the CARTaGENE project and the P(3)G Consortium. The partnership included last week's Dynamic Archive sale and GenVault will implement the system and technology for archiving and retrieving samples that are contributed to the Biobank. The system purchased has expanded GenVault's current customer base will and will be the model for harmonization of new standards of international biobanking. GenVault's room temperature, automated storage and retrieval system was chosen because of GenVault's unique dry sample storage technology and its derived cost and space savings over conventional cryogenic systems.

This announcement comes immediately following recent GenVault sales to a top ten pharmaceutical company and several high profile-research institutions. These sales include recently released products for clone storage, GenSolve for high quality DNA recovery from GenPlates, FTA paper and Guthrie cards, as well as GenConnect 3.0, an innovative sample management software package.

"We are particularly pleased that such a partnership has been established with GenVault in the context of the creation of the Biobank; this infrastructure and expertise will serve to support many large-scale projects and offer opportunities for innovative R&D", said Daniel Gaudet, M.D., Ph.D., Scientific Director of the Genome Quebec - Centre de sante et de services sociaux de Chicoutimi Biobank, a professor of medicine at the Universite de Montreal, and director of university research at the Hopital de Chicoutimi.

The CARTaGENE project will create a public resource for the advancement of population genomics research in Quebec. This resource will include a database of health-related data, and
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SOURCE GenVault Corporation
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