U.S. Equity News Features Micro Identification Technologies in the Fight Against Bacteria
11 Mayo 2010 - 5:00AM
Business Wire
Micro Identification Technologies, Inc. (OTCBB: MMTC), a leader
in rapid bacterial identification, today announces it was recently
featured in an editorial published by U.S. Equity News that covers
the history of bacteria, its life threatening effects, and publicly
traded companies leading the fight against harmful bacteria.
The entire piece can be found at the following link:
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=30329318&webmasterId=89753.
In the editorial U.S. Equity News stated, “Although giant
pharmaceutical companies remain the biggest players in the war
against bacteria, one of the most unique breakthroughs in the
science belongs to a little company out of San Clemente, California
called Micro Identification Technology (“MIT”). The company has
developed a way to identify 23 different species of pathogenic
bacteria, just minutes after completed culturing. It's all done by
laser light that is scattered off bacteria cells suspended in
water, creating light patterns that are unique for each bacteria
species.”
Micro Identification's Chief Executive Officer, Michael Brennan,
commented on the editorial, “With thousands of people dying each
year from harmful bacteria, this article represents the importance
of detecting pathogenic bacteria early. We are proud to have been
featured in such a prestigious news source.”
Mr. Brennan continued, “Our laser-based microbial identification
technology makes it possible to rapidly process thousands of
samples for pennies on the dollar when compared to the traditional
laboratory process; which could effectively save millions in
bacterial analysis and healthcare costs. Since our breakthrough
method of identification doesn’t rely on chemical or biological
processing, fluorescent tags, gas chromatography or DNA analysis,
we can produce accurate results in a fraction of the time. We are
well positioned for immense growth as the knowledge of our
technology spreads and hospitals and clinics across the country
find new ways to cut costs while still delivering excellent service
to their patients.”
About Micro Identification Technologies (MIT):
MIT is a developer of patented technologies for rapid bacterial
identification, a process that is significantly different from all
other bacterial Identification methods and is not reliant on
chemical or biological processing, fluorescent tags, gas
chromatography or DNA analysis. The MIT 1000 System's process is
totally GREEN, requiring only water and unknown bacteria
samples.
MIT last year completed an extensive evaluation and
certification by the AOAC Research Institute, which included
rigorous independent testing and thorough reviews by the AOAC RI
and its expert reviewers, including the U.S. Department of
Agriculture. The AOAC RI certification is a gold standard in food
safety and the Report is available from the Company.
MIT has further demonstrated the ability to detect and identify,
within several minutes and at a cost of pennies-per-test, the
microbes Escherichia coli, Listeria, Salmonella, Staphylococcus
aureus, and other pathogenic bacteria. The MIT 1000 System can
currently identify 23 species of bacteria and this identification
capability is easily expanded. The process has been verified by
North American Science Associates, Inc. (NAMSA), an independent,
internationally recognized biological testing laboratory. The NAMSA
Test Report, in MIT's opinion, acknowledges the accuracy, speed and
cost effectiveness of the System over conventional processes and is
available from the Company.
Further information is available from MIT's SEC filings and its
web site http://www.micro-identification.com.
This release contains statements that are forward-looking in
nature. Statements that are predictive in nature, that depend upon
or refer to future events or conditions or that include words such
as "expects," "anticipates," "intends," "plans," "believes,"
"estimates," and similar expressions are forward-looking
statements. These statements are made based upon information
available to the Company as of the date of this release, and we
assume no obligation to update any such forward-looking statements.
These statements are not guarantees of future performance and
actual results could differ materially from our current
expectations. Factors that could cause or contribute to such
differences include, but are not limited to dependence on
suppliers; short product life cycles and reductions in unit selling
prices; delays in development or shipment of new products; lack of
market acceptance of our new products or services; inability to
continue to develop competitive new products and services on a
timely basis; introduction of new products or services by major
competitors; our ability to attract and retain qualified employees;
inability to expand our operations to support increased growth; and
declining economic conditions, including a recession. These and
other factors and risks associated with our business are discussed
from time to time within our filings with the Securities and
Exchange Commission.
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