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Strategic Diagnostics Reports Fourth Quarter and Full-Year Financial Results
Date:2/28/2008

ring significant value to the industrial bio-fermentation industry," Mr. Knight commented. "We are considering several opportunities for scale up which could be implemented in the next four to six months, including application in an operational corn ethanol facility."

Balance Sheet

The Company had $13.0 million in cash as of December 31, 2007 compared to $10.9 million as of December 31, 2006. The Company's current ratio (current assets divided by current liabilities) was 8 to 1. Stockholders' equity at December 31, 2007 was $37.1 million.

Conference Call

A conference call to review fourth quarter and full year 2007 results is scheduled for 4:30 p.m. Eastern Time on February 28, 2008. The dial-in number for the live conference call will be 877-407-8031 (201-689-8031 outside the U.S.). A live webcast of the conference call will be available on the Company's website, http://www.sdix.com, as well as http://www.vcall.com. For those who cannot listen to the live broadcast, an audio replay of the call will be available on each of these websites for 90 days. Telephone replays of the call will be available from 7:30 p.m. ET on February 28, 2008 through 11:59 p.m. on February 29, 2008. To listen to the telephone replay, dial 877-660-6853 (201- 612-7415 outside the U.S.) and enter account number 286 and conference ID 275460.

Annual Stockholders Meeting

The Company will hold its 2008 Stockholders Meeting on June 17, 2008.

About Strategic Diagnostics Inc.

Strategic Diagnostics Inc. develops, manufactures and markets biotechnology-based, discovery and detection solutions to a diverse customer base, across multiple industrial and human health markets. By applying core competencies and innovative technologies in all aspects of antigen design, high throughput production and assay development, the Company produces unique, sophis
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SOURCE Strategic Diagnostics Inc.
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