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Strategic Diagnostics Reports Fourth Quarter and Full-Year Financial Results

e third

quarter and content is being added weekly.

- Expansion of the Company's Molecular Biology Lab in Dallas and

its facility in Newark, Delaware in response to growth in demand

for both GAT and conventional hybridoma development. This follows

the expansion of the Company's Windham, Maine antibody production

facility during November 2007, which increased capacity for

polyclonal antibody production by 44%.

-- SDI reported the sixth consecutive quarter of double digit

year-over-year growth in the antibody business.

-- SDI reported the third consecutive quarter of more than 20%

year-over-year growth in the food pathogen testing products area.

Matthew H. Knight, the Company's President and Chief Executive Officer, commented, "SDI has emerged as an established leader in the production of high-value antibody-based reagents used in the diagnosis of disease, and our antibody business, based on our new Genomic Antibody Technology(TM), is gaining widespread adoption in proteomic research, as well as drug/biomarker discovery among academic, biotech and large pharmaceutical customers. We reported our sixth consecutive quarter of double-digit year-over-year revenue growth in antibody-related revenue and this part of our business is becoming an increasingly important component of our overall revenue and profitability. For the quarter, antibody revenues expanded to 53% of total revenue compared to 43% in the fourth quarter of 2006."

Financial Highlights

In 000s Q4 Q4

2007 2006

Revenues $7,271 $6,990

Gross Profit 4,396 3,902

SG&A Expense 3,329

SOURCE Strategic Diagnostics Inc.
Copyright©2008 PR Newswire.
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