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WaferGen Announces Organizational Changes to Enhance Commercialization of SmartChip System
Date:10/20/2011

FREMONT, Calif., Oct. 20, 2011 /PRNewswire/ -- WaferGen Biosystems, Inc. (OTCBB:WGBS), an emerging genomic analysis company, today announced organizational changes to strengthen domain leadership and enhance commercialization expertise required to increase the adoption of its SmartChip System.  

As an initial step, the company has engaged Steve Lombardi, formerly President and a director of Helicos BioSciences Corporation, as a consultant to work with management and provide strategic guidance.  Mr. Lombardi has significant domain expertise from his 30 plus years in this field in roles with Helicos, Affymetrix and Applied Biosystems.

After successfully bringing the company to the point of initial commercialization, Alnoor Shivji will step aside as WaferGen's Chief Executive Officer and President effective immediately, and will continue to serve as WaferGen's Chairman of the Board.  Until a permanent replacement Chief Executive Officer is appointed, a new Office of the President has been formed to assume the primary executive officer functions, and will consist of Mona Chadha, Chief Operating Officer, Executive Vice President and Secretary, and Donald Huffman, Chief Financial Officer.

"These organizational changes will provide the leadership to guide WaferGen through the next phase of commercialization of the SmartChip System," said Joel Kanter, Chairman of WaferGen's Audit and Compensation Committees.

"We want to thank Alnoor for his immense contributions as Chief Executive Officer to the development of WaferGen's unique and significant technological achievements during the development stage of the company. His accomplishments as the Chief Executive Officer of a number of successful start-up technology companies enabled us to achieve engineering outcomes many thought impossible, and left us prepared to tackle the challenges of commercialization. Alnoor will continue to work with us as Chairman of the Board to achieve th
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SOURCE WaferGen Biosystems, Inc.
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