MORGANTOWN, W.V., Nov. 23, 2009 (GLOBE NEWSWIRE) -- Protea Biosciences, Inc., a leader in the development of new technology for improved protein analysis, today announced that it has entered into a distribution and product development agreement with Gelcompany Inc.
Gelcompany, a wholly owned subsidiary of Fluorotechnics Limited (AUST:FLS) is a leading developer of innovative consumables and equipment for the global biotechnology industry. The agreement awards Protea the right to distribute certain Gelcompany products into the North American Life Sciences market. The companies also intend to collaborate to co-develop certain new protein separation products for the global life sciences market.
James Walker, CEO of Gelcompany, commented, "Protea has established itself as a leading developer of new tools that address the critical needs of researchers for better and more reproducible protein data. We believe our products are synergistic with theirs and are delighted to be working with them."
"We are delighted to be collaborating with Gelcompany. The addition of these products gives Protea a full line of superior gel-based protein separation products," added Reid Asbury, Ph.D., Protea's Director of Sales and Marketing. "Protea will be able to better serve its proteomics customers by offering a full range of gel formats and sizes, stains and accessories. We will be capable of addressing the entire market from sample preparation to mass spectrometry."
Protea Biosciences, Inc. (www.proteabio.com) develops new technology that improves the recovery and analysis of proteins and other biomolecules found in biological samples. The company markets its products and advanced proteomics services to pharmaceutical, biotechnology and academic research laboratories worldwide.
Gelcompany Inc. (www.gelcompany.com) sells and develops innovative consumables and equipment that enable scientists to better measure biological processes using fluorescence. The Company has established itself as the global leader in the supply of products which are environmentally friendly, safe to use and offer a unique solution and superior performance compared to existing products. These products are used globally by its customers in research, quality control and diagnostics.