NanoLogix Signs Asia Distribution Agreement with IVD Tech of Singapore
2014年2月25日 - 2:05PM
ビジネスワイヤ(英語)
Assisted by State of Ohio’s International Trade
Assistance Center at YSU
NanoLogix Inc. (OTCBB:NNLX) NanoLogix, an innovator in the rapid
detection, identification and determination of antibiotic
resistance and sensitivity of live bacteria, announces that they
have signed a distribution agreement with IVD Tech Private Ltd of
Singapore. This distribution agreement provides IVD Tech with
exclusive distribution rights for sales of NanoLogix products in a
number of Asian countries. The agreement was finalized and signed
in Hubbard Ohio with the help of Mousa Kassis, representative of
the Ohio International Trade Assistance Center (ITAC) housed at
Youngstown State University.
IVD Tech Private Ltd. Executive Directors James Sim and Charlton
Kwan, who traveled from Singapore to NanoLogix headquarters in Ohio
for the signing, made the following joint statement:
"NanoLogix possesses an amazing technology in their rapid
live-cell bacteria and microorganism detection kits. Together with
patented Extended Life (EL) packaging technology, IVD Tech strongly
believes that NanoLogix's live-cell rapid detection kits and EL
packaging technology is going to be a game changer in the
diagnostics and petri plate technology space.
IVD Tech is extremely blessed and excited to be NanoLogix's Asia
partner. Engagement has already started with potential channel
partners and end users in Singapore, Japan, China and other
countries.
IVD Tech's headquarters is purposely located in Singapore, a
business and financial hub for Asia. Both NanoLogix and IVD Tech
value Singapore's strong intellectual property protection, and
close ties and proximity to other Asian countries. IVD Tech is to
become the window and platform for Nanologix to access into the
Asia region."
NanoLogix CEO, Bret Barnhizer, stated: “It is gratifying that
this agreement, which was essentially in development for a year,
has been executed. We are very glad to have such an accomplished
business group representing our company in an area with huge
business potential. We look forward to a long and mutually
beneficial relationship with IVD Tech”.
In addition to a growing market presence in the United States,
NanoLogix currently has business relationships in nine countries on
four continents.
The State of Ohio’s ITAC is working with NanoLogix, Inc. as the
company continues to increase business ties with companies in Asia,
Europe, South America, and Africa. ITAC will assist with further
distribution agreements projected for signing with those companies
and other companies in 2014.
ITAC is an extension of the Ohio Small Business Development
Center at YSU and the Ohio Development Services Agency. Mousa
Kassis, ITAC advisor, assists companies with focusing their efforts
on increasing export sales and employment, as well as assisting
companies in 13 counties. The counties extend from Ashtabula
(North) to Tuscarawas and Muskingum (South).
About NanoLogix, Inc.
NanoLogix is a biotechnology company focused primarily on rapid
diagnostics. Its products offer accelerated detection and
identification of microorganisms. In addition to medical, National
Defense, and homeland security applications, NanoLogix technology
is applicable in pharmaceutical, industrial, veterinary and
environmental testing.
Patents granted to NanoLogix can be used in the areas of applied
microbiology, soil microbiology and bioremediation, microbial
physiology, molecular biology, pharmacology, pharmaco-kinetics, and
antibiotic sensitivity.
For more information visit: http://nanologix.com
This press release contains statements, which may constitute
"forward- looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of NanoLogix, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results.
NanoLogix, Inc.Investors:Carol Surrena,
330-534-0800info@nanologix.com
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