PhotonicLab Platform Wins Wall Street Journal Technology Innovation Award

BIOIDENT Technologies Inc., the leading company in the development of printed opto-electronic solutions for life sciences, today announced that the company is a co-winner in the semiconductor category for the seventh annual Wall Street Journal contest for Technology Innovation. BIOIDENT was awarded for the development of its PhotonicLab Platform™, which enables rapid in-vitro diagnostics, chemical and biological threat detection, and environmental testing without the need for off-site lab analysis.

The award-winning PhotonicLab™ Platform enables point-of-care testing without bulky readout equipment.

“We are delighted to win this prestigious award that recognizes our innovative work on the cutting edge of nanotechnology,” said Dr. Wasiq Bokhari, CEO for BIOIDENT. “Once again, BIOIDENT is being acknowledged as the pioneer in applying its unique printed opto-electronics to real-world applications. We will continue to leverage our unique technology to develop new solutions to address major industry challenges.”

Utilizing the latest breakthroughs in science and nanotechnology, the BIOIDENT PhotonicLab Platform is used to produce the world’s first disposable photonic lab-on-achip solution for next-generation mobile analytics applications, such as water and food analysis, chemical and biological agent detection, and point-of-care diagnostics. BIOIDENT employs a process developed by its parent company, Austria's NANOIDENT Technologies AG, for using an inkjet printer to print electronic circuits on a variety of surfaces, such as plastic foil or glass; the technology makes it possible to apply photosensitive semiconductors directly onto a lab-on-a-chip. The Platform eliminates the need for complex and expensive readout systems and delivers unprecedented mobility and sensitivity based on existing biological and chemical assays.

About The Wall Street Journal Technology Innovation Awards As part of the 2007 award nomination process, The Wall Street Journal screened more than 800 applications, narrowing the field to about 150 entries. A panel of 13 judges picked category winners and runners-up in 12 different entry categories including computing systems, energy, environment, materials and other base technologies, media/broadcasting, medical research, medical devices, network/internet technologies, network security, semiconductors, software and transport. Each entrant was required to offer extensive details and explain why the entry merited consideration. Judging criteria included innovativeness, clarity of explanation, whether the innovation was covered by patents and if it had achieved some measure of success. Factors the panel considered included: the innovation should have gone well beyond what already existed and cannot simply represent incremental improvements; it needed to address major challenges for which new solutions would have a wide-ranging impact in a particular industry; the written application needed to be supported by rigorous data rather than unsubstantiated claims of potential.

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