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Quanterix and STRATEC Announce Strategic Partnership
Date:8/16/2011

CAMBRIDGE, Mass. and BIRKENFELD, Germany, Aug. 16, 2011 /PRNewswire/ -- Quanterix Corporation, a company enabling a new generation of molecular diagnostic tests based on its revolutionary Single Molecule Array (SiMoA™) technology, and STRATEC Biomedical AG (Frankfurt: SBS; Prime Standard, TecDAX), a worldwide leader in the development and manufacture of automated analyzer systems, today announced an agreement to co-develop and manufacture a fully-automated instrument for Quanterix's SiMoA technology for use in both the life sciences and in vitro diagnostics (IVD) markets.  Quanterix expects to launch a life sciences instrument in 2013, followed by the commercialization of an IVD platform in 2014.  

As part of the agreement, Quanterix will receive access to STRATEC's platform technology, which will be customized to both optimize and automate the advanced applications of Quanterix's SiMoA technology. STRATEC will receive payments, as well as a minority stake of approximately 7% in the share capital of Quanterix, upon the achievement of technological milestones. After completion of the development phase, STRATEC will manufacture and supply the system and Quanterix has committed to order an agreed minimum volume of systems.

"We are excited to collaborate with STRATEC, a world-class company with an international presence in the biotech and diagnostics marketplace," said Martin Madaus, Ph.D., Quanterix Executive Chairman.  "STRATEC's unparalleled expertise in developing automation solutions will enable Quanterix to bring our single molecule detection technology to the market in a format that will address the needs of both clinical labs as well as individual research scientists.  This new Quanterix detection platform will enable direct and non-amplified detection of pathogens at levels of sensitivity that could previously only be achieved with amplification methods.  The system will allow for completely n
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SOURCE Quanterix Corporation
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