Kollodis BioSciences, Inc. Enters Into Singapore Distribution Agreement With Precision Technologies

PR Log (Press Release) – Nov 03, 2009 – Kollodis BioSciences, Inc. announced today that it has entered into an Exclusive Distribution Agreement with Precision Technologies Pte Ltd. for the distribution of Kollodis BioSciences, Inc.'s MAPTrix® ECM line of products for cell culture and related applications. The exclusive agreement provides Precision Technology with the rights to distribute Kollodis’ cell culture products in Singapore. Precision Technologies also provides Kollodis’ products to the Indonesia and Malaysia markets on a non-exclusive basis.

Dr. Louis M. Scarmoutzos, President & CEO of Kollodis BioSciences, Inc., stated, "We are absolutely delighted with this distribution agreement. Precision Technologies is a well-established and highly reputable partner for bringing Kollodis' research products to the Singapore market. With the assistance of Precision Technologies, we are happy to offer our products and service to our new customers in Singapore, a rapidly growing marketplace. Precision has an excellent reputation with their customers and suppliers. And we look forward to a lasting and fruitful relationship with them."

Among the Mussel Adhesive Protein based matrix (MAPTrix®) ECM line of products are reagents with genetically incorporated bioactive peptides (recognition peptides) that mimic the extracellular matrix (ECM) activity of collagen, fibronectin, laminin, and vitronectin proteins. The bioactive peptide mimics the extracellular matrix (ECM) protein and provides for cell attachment, spreading and growth. The mussel adhesive protein confers biocompatible adhesion to a wide variety of surfaces.

A MAPTrix® surface coating application promotes cell plating efficiency, improves morphology, and enhances cell proliferation under serum-free conditions in primary cell cultures such as hepatocytes or neural cells.


ABOUT PRECISION TECHNOLOGIES PTE LTD

Precision Technologies Pte Ltd., is a leading provider of scientific & life sciences products in the Singapore, Malaysia & Indonesia Markets. Precision also serves the communications, security, electronic test & production and military & aerospace industries. Precision Technologies is committed to business fundamentals like price/performance leadership and total customer satisfaction. Additional information concerning Precision Technologies and its products is available on the Company's website at www.pretech.com.sg.

Kollodis BioSciences, Inc.

Kollodis BioSciences, Inc. has successfully developed a proprietary recombinant protein expression system for the large scale production of various mussel adhesive proteins (MAP). Kollodis is developing MAP-based smart biomaterials for biotech, medical and industrial applications. The Company's proprietary and patented MAPTrix® platform technology recombinantly incorporates bioactive peptides into a mussel adhesive protein (MAP) for cell culture and related applications. Additional information is available on the Company's website at www.kollodis.com.