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WaferGen Announces Third Quarter 2008 Financial Results
Date:11/10/2008

FREMONT, Calif., Nov. 10 /PRNewswire-FirstCall/ -- WaferGen Biosystems, Inc. (OTC Bulletin Board: WGBS), a leading developer of state-of-the-art gene expression, genotyping, cell biology and stem cell research systems, today highlighted the company's recent developments and announced financial results for the quarter and nine months ended September 30, 2008.

Recent Corporate Developments:

-- Announced that the National Institutes of Health (NIH) has awarded a

team of researchers at the University of Pittsburgh an approximately $3

million grant to conduct novel gene expression research in the area of

lung disease involving WaferGen's SmartChip(TM) Real-Time PCR System.

NIH-funded research will include the development and application of the

PulmoSmartChip, a custom designed SmartChip molecular phenotyping assay

for chronic obstructive pulmonary disease (COPD) and idiopathic

pulmonary fibrosis (IPF).

-- Expanded worldwide sales network for WaferGen's SmartSlide(TM) Micro-

Incubation System by signing regionally exclusive agreements with

leading distributors of innovative products and services to cell

biologists and stem cell researchers in Switzerland, Taiwan, the Nordic

region and Italy. Most recently, the company also signed a

distribution agreement to support sales in Japan.

"Consistent with our goals for this year, we are pleased that the NIH and the University of Pittsburgh are supporting key research initiatives using our SmartChip Real-Time PCR System. We believe the results from this research will facilitate the ongoing advancement of the SmartChip system as the platform of choice for biomarker discovery and validation," stated Alnoor Shivji, WaferGen's chairman and chief executive officer. "In addition, we continued to expand our reach and customer base for our SmartSlide Micro- Incubation System family of product
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SOURCE WaferGen Biosystems, Inc.
Copyright©2008 PR Newswire.
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Related biology technology :

1. WaferGen to Present at the Rodman & Renshaw 10th Annual Healthcare Conference
2. NIH Awards Approximately $3M Grant for Research Involving WaferGens SmartChip(TM) Real-Time PCR System at the University of Pittsburgh
3. WaferGen to Present at the Seventh Annual BIO Investor Forum
4. WaferGen Announces Second Quarter 2008 Financial Results
5. WaferGen to Present at the Ninth Annual Beyond Genome Conference
6. WaferGen Announces Signing of Two Private Placements
7. WaferGen to Present at the Rodman and Renshaw Fifth Annual Global Healthcare Conference
8. WaferGen Signs Exclusive Distribution Agreement for SmartSlide(TM) Micro-Incubation System in Germany
9. WaferGen Signs Exclusive Distribution Agreement for SmartSlide(TM) Micro-Incubation System in United Kingdom and France
10. WaferGen to Present at the Cambridge Health Institutes Fifth Annual Molecular Diagnostics Partnerships in Personalized Medicine Conference
11. WaferGen Announces Management Team Promotions
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