TORONTO, Jan. 17, 2018 /CNW/ - SQI Diagnostics Inc. ("SQI" or the "Company") (TSX-V: SQD; OTCQB: SQIDF), today announced it has signed a revenue-producing agreement with a global biotechnology company to provide assay development and future sample testing and analysis services.
This customer has contracted test development to SQI to create an immunogenicity assay utilizing SQI's multiplexing technology. After completing test development, SQI anticipates it will be engaged to provide contract research services to provide analytical sample testing. This testing will be done at SQI's state-of-the-art facility in Toronto. This contract research service augments SQI's product offerings enabling pharma and biotech customers to outsource their multiplexed assay development, validation, and testing services to SQI.
"The new customer is a global US-based biotechnology company that develops new drug treatments for patients with serious rare diseases," said Andrew Morris, CEO of SQI Diagnostics. "This is the latest in a growing list of customers to engage SQI's newest and fastest-growing business: contract testing services. In the past 12 months alone, SQI has done 6 revenue-producing deals, with companies ranging from diagnostic companies, to global pharmaceutical and biotechnology companies."
About SQI Diagnostics
SQI Diagnostics is a life sciences and diagnostics company that develops and commercializes proprietary technologies and products for advanced microarray diagnostics. The Company's proprietary microarray tests and fully-automated systems are designed to simplify protein and antibody testing workflow, increase throughput, reduce costs and provide excellent data quality. For more information, please visit www.sqidiagnostics.com.
Sales and Marketing Contact:
Vice President, Global Commercial Operations
Investor Relations Contact:
Chief Executive Officer
416.674.9500 ext. 229
Vice President, Finance and Administration
416.674.9500 ext. 277
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SOURCE SQI Diagnostics Inc.
For further information: Sales and Marketing Contact: Vice President, Global Commercial Operations, Russ Peloquin, 913.484.9022, firstname.lastname@example.org; Investor Relations Contact: Chief Executive Officer, Andrew Morris, 416.674.9500 ext. 229, email@example.com; Vice President, Finance and Administration, Patricia Lie, 416.674.9500 ext. 277, firstname.lastname@example.org