January 27, 2008 –Sunnyvale, California, U.S.A. and Dublin, Ireland— Labcyte Inc. and Allegro
Technologies Limited, which conducts business as Deerac Fluidics, announced today that they have
reached agreement on the terms for combination of the two companies. Completion of the
transaction requires shareholder approval and is expected within one month. Both companies are
leaders in precise low-volume liquid dispensing for life science applications.
As pharmaceutical companies, genomic service providers, and other life science research
organizations desire to perform larger numbers of assays within fixed budgets, there is a strong drive
to reduce the volume of each assay in order to reduce cost and minimize waste. Although products
from both Labcyte and Deerac address the growing market of low-volume liquid handling, each
company utilizes a unique technology and they operate in different volume ranges.
Products from Labcyte and Deerac are used for different applications. They may also be used
together when one component of an assay is added in the low nanoliter range and others are added
in larger amounts. The Deerac products are based on a patented feed-back controlled system which
is rapid, parallel and most effective in the 50 nanoliter to 20 microliter range. This technology was
conceived at Trinity College Dublin, and its development was supported by grants from Enterprise
Ireland. The Labcyte Echo ® liquid handlers use acoustic energy to transfer 2.5 nanoliter droplets and
are most useful in the 2.5 to 200 nanoliter range.
“At Labcyte, we evaluated a wide variety of low-volume liquid handlers and found the Deerac
Latitude™ and Equator™ to have the best precision in the 50 nanoliter range. We also found that the
speed and flexibility of the Latitude could double the throughput of our new POD™ 810 plate
assembler for assay plate preparation. The two teams have also conducted several joint seminars on
low-volume assays and our people work well together,” said Dr. Elaine J. Heron, Chief Executive
Officer of Labcyte. “It became clear that it made sense to combine the two companies.”
“Having research and manufacturing groups in Dublin gives us a solid base from which to support
our growing business in Europe,” continued Dr. Heron. “Dublin offers a vibrant research community
with business-friendly policies. The innovative atmosphere created by Trinity College Dublin makes
location of our European operations close by especially attractive.”
“We are excited to become part of the business that has brought acoustic droplet ejection from a
concept to a mainstream product used by most pharmaceutical companies,” said Dr. Jürgen Osing,
the Managing Director of Deerac Fluidics, “and we are anxious to use our expertise in genomics to
expand the applications of Labcyte Echo systems. This is also an opportunity for providing more
local support for the Latitude and Equator products.”
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The science community will benefit from this merger as it strengthens local sales and support.
Applications expertise of Deerac in the field of genomic assays (genotyping, PCR set-up and
sequencing) complements the expertise developed by Labcyte in the areas of high-throughput
screening, miniaturization and reagent micro-transfers. Investors in the two companies benefit as
market breadth is increased while economies of scale lead to more efficient operations.
About Labcyte Inc.
Labcyte Inc., headquartered in Sunnyvale, California, is the world leader in providing acoustic droplet
ejection technology for pharmaceutical and life science applications. The award-winning Echo® 500
series liquid handlers and Portrait™ 630 reagent multi-spotters are used in nine of the 10 largest
pharmaceutical companies, as well as in leading academic and research institutions and contract
research organizations worldwide. The Labcyte acoustic droplet ejection technology has broad
applications including compound management, assays, arraying, particle manufacturing, imaging
mass spectrometry, and live-cell transfer. Labcyte also provides a range of unique microplate
consumables. Labcyte has 29 issued U.S. patents, 3 issued European patents and additional
international filings.
For more information, visit www.labcyte.com.
About Deerac Fluidics
Deerac Fluidics, based in Dublin, Ireland, also maintains a US subsidiary with offices in Cambridge, MA.
Deerac is a global leader in the development and production of reliable, robust and user friendly liquid
handling solutions, enabling the dispensing of microliter and nanoliter volumes of a wide range of fluids.
Deerac has 2 issued U.S. patents, one issued European patent and additional filings.
For more information, visit www.deerac.com.