Ciphergen Signs Distribution And Marketing Agreement With Techcomp Limited For China Market

Freemont, CA - Ciphergen Biosystems, Inc. announced that it has signed a Distribution and Marketing Agreement with Techcomp (Holdings) Limited whereby Techcomp will distribute Ciphergen's ProteinChip family of products in the People's Republic of China (excluding Taiwan), Hong Kong, Republic of Singapore, Malaysia, Vietnam and Indonesia. Ciphergen and Techcomp have also entered into a product development and manufacturing agreement for sample preparation technology and an associated device. The resulting product(s) would be manufactured by Techcomp and sold by Ciphergen on a worldwide basis.

"We are delighted to be working with Techcomp to cover a market that clearly has significant potential for Ciphergen," stated Gail S. Page, President and Chief Executive Officer of Ciphergen. "Techcomp has a proven capability in these territories in distributing and servicing analytical instruments, life science instrumentation and laboratory equipment for other companies such as Hitachi. In addition, they are a proven original design manufacturer for international companies and under their own brand for the Chinese market."

"We believe that there is a significant market opportunity in China for the ProteinChip technology and with our wide coverage of the Chinese customer base we are confident we can contribute to the success of Ciphergen. We have already spent the last six months getting close to the existing installed base in China and have prepared our sales and service force through training to effectively market and service this product line," stated Richard Lo, President of Techcomp.

SOURCE: Ciphergen Biosystems, Inc.