Business Wire - June 25, 2002
Adaltis Inc., formerly known as Biochem Immunosystems Inc., is a privately held company headquartered in Montreal, Canada, and in addition to its Canadian operations, it operates its own affiliates in the USA, Italy and Germany, as well as an extensive network of over 60 sub-distributors around the world. Adaltis, like Calypte, is a manufacturer of HIV diagnostic tests, but like most such companies, it lacked a Western Blot supplementary test until now.
"This distribution agreement represents a significant opportunity for us to expand our distribution of existing products, and to further strengthen our strategic position within the industry," said Tony Cataldo, Executive Chairman of Calypte. "Although the serum HIV-1 Western Blot is Calypte's most mature product, its demand continues to rise, underscoring not only its excellent reputation for quality, but also our ability to manufacture to the highest quality standards."
Paulo Bouca, Corporate Vice President Business Development of Adaltis Inc., added that "Adaltis is eager to serve its customers to the best of its ability, and for many customers, that means one-stop shopping for screening and supplementary HIV tests. We're happy to be able to offer them a confirmatory test like Calypte's Western Blot, that is recognized widely as a product of high quality."
Calypte Biomedical Corporation, headquartered in Alameda, California, is a public healthcare company dedicated to the development and commercialization of urine-based diagnostic products and services for Human Immunodeficiency Virus Type 1 (HIV-1), sexually transmitted diseases and other infectious diseases. Calypte's tests include the screening EIA and supplemental Western Blot tests, the only two FDA-approved HIV-1 antibody tests that can be used on urine samples. The company believes that accurate, non-invasive urine-based testing methods for HIV and other infectious diseases may make important contributions to public health by helping to foster an environment in which testing may be done safely, economically, and painlessly. Calypte markets its products in countries worldwide through international distributors and strategic partners. Current product labeling including specific product performance claims can be found on our website at www.calypte.com.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, marketing and distribution arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our product and testing service in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended December 31, 2000 and its subsequent filings with the SEC.
CONTACT: Calypte Biomedical Corporation
Dick Van Maanen, 510-749-5135
www.calypte.com SOURCE: Calypte Biomedical Corporation
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