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Abaxis Makes $2.8 Million Equity Investment in Scandinavian Micro Biodevices APS
Date:2/11/2011

ssment of certain critical care tests and a rapid point of care test for Heartworm infections in dogs.

About Scandinavian Micro Biodevices (SMB)SMB is dedicated to providing the veterinary profession with cutting edge diagnostic products through a combination of instruments and disposable lab-on-a-chip cartridges.  The products are designed for use at the "point of care" by veterinarians and technicians working with companion animals.

The company is located in the Medicon Valley area of Copenhagen, Denmark, where it has a 20,000 square foot development and production facility, with a multi-disciplinary team covering areas such as microtechnology, microfluidic design, biochemistry, injection molding, process technology and sales and marketing.

Historically the company has developed lab-on-a-chip diagnostic products for human "point of care" testing as part of Alere Inc. (formerly Inverness Medical Innovations).  A management buy-out in January 2007 established SMB as a company dedicated to supplying new innovative "point of care" diagnostic products to the veterinary profession.

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act").  Abaxis claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act.  These forward-looking statements are characterized by terms such as "offers," "opportunity," "positioned," and words of similar import, and do not reflect historical facts.  Specific forward-looking statements contained in this press release may be affected by risks and uncertainties, including, but not limited to, those related to SMB's financial position and results of operations and risks associated with competing in the veterinary diagnostic market.  Forward-looking statements speak only as of the date the statements were made.  Abaxis d
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