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Red Herring Selects BioForce for Prestigious Red Herring Top 100 Innovators Award; Award Recognizes 100 Companies That Embody Innovation


WEBWIRE

SAN FRANCISCO & AMES, Iowa -- Jan. 7, 2005 -- BioForce Nanosciences announced today that it has been selected as a Top 100 Innovator by Red Herring.

BioForce is an innovative company with a strong patent portfolio and a key focus to transition ideas to the marketplace. Dr. Eric Henderson, Chief Science Office and Founder, noted, “We are very grateful for Red Herring’s recognition of our efforts as we have struggled for 10 years to bring what we believe to be a powerful new technology to the marketplace. There have been many lean years and ’thin ice experiences’ despite the $4.7M that we have raised from the NIH and NSF Small Business Innovative Research programs. These funds, entrepreneurial and steadfast investors and amazing employees and colleagues have all contributed to the exciting products we are launching in 2005.”

Dr. Laurence Russ, President and CEO, commented that “BioForce will be exhibiting and promoting its flagship technology, the NanoArrayer(TM) System beginning in January 2005 at scientific meetings throughout the U.S., with plans to begin promoting the system internationally later on this year. The NanoArrayer(TM) and its companion products will have a major impact on ultramicro- and nanoscale research and product development.”

“Selection for the Innovation 100 puts a company in an elite group. The editors worked hard to identify the companies who will benefit from the important technology trends in the coming year,” said Joel Dreyfuss, Editor-in-Chief of Red Herring.

Red Herring’s editorial staff evaluated over 1200 submissions from 900 companies. The editors used a careful analysis of financial data as well as subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

About BioForce Nanosciences

BioForce Nanosciences Inc. has patented and patent-pending technology and products for ultramicro- and nanoscale placement and patterning of active biomolecules and other materials. This technology is embodied in the NanoArrayer(TM), a proprietary instrumentation/software system. As an industry leader in the emerging field of bionanotechnology, BioForce Nanosciences is focused on providing practical molecular printing tools to the biomedical and life sciences markets. The Company is developing ultraminiaturized array products and instrumentation for the area of disease diagnostics with emphasis on viral pathogen and cancer detection, diagnosis, and therapeutic monitoring. In addition, the company currently offers a line of accessory products for atomic force microscopy.

Contact BioForce Nanosciences at: kharkins@bioforcenano.com or 515.296.6531

http://www.bioforcenano.com

About Red Herring

Red Herring covers technology innovation, venture financing, and the deals that make a difference. Its award-winning journalists go deeper, providing a comprehensive, critical analysis of what’s new and why it matters. Red Herring covers the business trends with insight that counts, serving today’s entrepreneurs and the technology of tomorrow. Head to www.REDHERRING.com for articles, newsletters, and research reports that matter. Red Herring Conferences are open only to CEOs and select senior executives. To subscribe to the Red Herring Magazine call 866.311.9582 or email redherring@neodata.com.

Contact the Red Herring at info@redherring.com or 650.428.2900



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