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Red Herring Awards ProGenTech Limited for the 2008 Red Herring Asia 100
Date:12/14/2008

SILICON VALLEY, Calif., Dec. 15 /PRNewswire/ -- Red Herring has announced that ProGenTech Limited was a winner of the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in Asia.

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout Asia and identified the top 100 out of more than 1,000 closely evaluated companies that are leading the next wave of innovation.

"It is truly an honor to be recognized by Red Herring as one of the top companies driving innovation in Asia and around the globe," said Dr. Trevor Hawkins, CEO of ProGenTech Limited. "ProGenTech's offices near San Francisco and Shanghai give us a unique ability to develop innovative and cost-effective products for the life science and molecular diagnostics markets. Development of our first fully-automated systems for sample preparation was driven by particular attention to price and usability, and we are excited to get our Entura Lite into the hands of our life science customers early next year."

"Our winners and Finalists demonstrate that Asia is increasingly becoming a leader in innovation, contrary to common stereotypes," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was tough to choose just the top 100 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."

The 100 winning companies have been announced at the Red Herring Asia event in Hong Kong. The CEOs of the winning startups presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event at the Hong Kong JW Marriott Hotel earlier this week. For the full list of Red Herring Asia winners please go to: http://www.redherring.com

About ProGenTech Limited

ProGenTech Limited is a life science and molecular diagnostics company developing instrumentation for nucleic acid and protein purification and molecular diagnostic testing. The company was founded in 2005 and has offices in the San Francisco Bay Area and Shanghai. ProGenTech's first line of sample purification instruments, the Entura product family, increase efficiency in the lab through true walkway automation. These instruments are compatible with the company's unique cassettes, which allow users to isolate a variety of nucleic acids and proteins from a variety of sample types. ProGenTech is also developing a series of molecular diagnostic assays and a fully-integrated instrument for detecting hospital-acquired infection targets. Additional information about ProGenTech can be found at http://www.progentech.com.

About Red Herring

Red Herring is a global media company, which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at http://www.redherring.com.


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