Micro Imaging Technology Enters Phase 1 of Its Collaboration With Northern Michigan University
18 March 2014 - 11:00PM
Marketwired
Micro Imaging Technology Enters Phase 1 of Its Collaboration With
Northern Michigan University
SAN CLEMENTE, CA--(Marketwired - Mar 18, 2014) - Micro Imaging
Technology, Inc. (OTCQB: MMTC) announced today that it has
delivered an MIT 1000 System as part of its collaboration with
Northern Michigan University (NMU) to identify and differentiate
Staphylococcus aureus (S. aureus) and Methicillin
Resistant Staphylococcus aureus (MRSA). As the
Company previously announced, the goal of the collaboration is to
rapidly and cost-effectively identify these two particular
healthcare threats using the MIT 1000 System, a bacterial cell
based identification system that can identify pathogenic bacteria
in three minutes (average) at significant cost savings per
test.
The MIT 1000 System now resides in the laboratory of Dr. Josh
Sharp, NMU professor of Microbiology. "We are glad to finally have
the MIT 1000," Dr. Sharp said. "The collaboration between us and
MIT can now proceed in earnest. This project has important
implications in healthcare and also provides a unique educational
opportunity for students at NMU. The aim of the collaboration
project between my lab and MIT is not only to develop this
technology to detect S. aureus and MRSA, but down the
road, other human pathogens as well. We can now gain
experience in using the System which will also aid in writing
collaborative proposals for grants offered by National Institutes
of Health, US Department of Agriculture, and other sources."
Dr. David Haavig, MIT Chief Scientist, said, "We are excited
that Dr. Sharp and his students can now utilize the MIT 1000 in
their research, using the System in a wide variety of bacterial
testing situations. They will also employ the System to investigate
new clinical applications for the MIT 1000 such as the MRSA
issue. The potential benefits of this joint research project
may spread far beyond our initial goals and we are grateful to Dr.
Sharp and NMU for their participation."
About: Northern Michigan University
Northern Michigan University, located in Marquette, Michigan, is
a dynamic four-year, public, coeducational university that has
grown its reputation based on its award-winning leadership
programs, cutting-edge technology initiatives and nationally
recognized academic programs. The university's fastest growing
academic areas are clinical science, biology, and the geographical
and environmental sciences. Northern Michigan has a population of
about 9,000 undergraduate and graduate students. It offers 180
degree programs, including 18 graduate programs.
About: Micro Imaging Technology, Inc.
Micro Imaging Technology, Inc. is a California-based public
company that is also registered to do business under the name Micro
Identification Technologies. MIT has developed and patented the MIT
1000, a stand-alone, rapid, optically-based, software driven system
that can identify pathogenic bacteria and complete an
identification test, after culturing, in three (3) minutes
(average) at the lowest cost per test when compared to any other
conventional method. It does not rely on chemical or biological
agents, conventional processing, fluorescent tags, gas
chromatography or DNA analysis. The process requires only clean
filtered water and a sample of the unknown bacteria. Revenues for
all rapid testing methods exceed $5 billion annually -- with food
safety accounting for over $3.5 billion, which is expected to
surpass $4.7 billion by 2015 according to BCC Research. In
addition, the recently passed "New" U.S. Food Safety Bill is
expected to further accelerate the current annual growth rate of
6.6 percent.
In June 2009, the AOAC Research Institute (AOAC RI) awarded the
Company Performance Tested Methods SM (PTM) certification for the
rapid identification of Listeria. The AOAC RI provides an
independent third party evaluation and expert reviews of methods
and will award PTM certification to methods that demonstrate
performance levels equivalent or better than other certified
bacteria identifying methods. The MIT System underwent hundreds of
individual tests, including ruggedness and accuracy, to earn AOAC
RI's certification for the identification of Listeria.
You can find more information about our company and about Micro
Identification Technologies™. Please visit our newly enhanced
website at www.micro-identification.com.
This release contains statements that are forward-looking in
nature. Statements that are predictive in nature, that depend
upon or refer to future events or conditions or that include words
such as "expects," "anticipates," "intends," "plans," "believes,"
"estimates," and similar expressions are forward-looking
statements. These statements are made based upon information
available to the Company as of the date of this release, and we
assume no obligation to update any such forward-looking statements.
These statements are not guarantees of future performance and
actual results could differ materially from our current
expectations. Factors that could cause or contribute to such
differences include, but are not limited to dependence on
suppliers; short product life cycles and reductions in unit selling
prices; delays in development or shipment of new products; lack of
market acceptance of our new products or services; inability to
continue to develop competitive new products and services on a
timely basis; introduction of new products or services by major
competitors; our ability to attract and retain qualified employees;
inability to expand our operations to support increased growth; and
declining economic conditions, including a recession. These and
other factors and risks associated with our business are discussed
from time to time within our filings with the Securities and
Exchange Commission, reference MMTC: www.sec.gov.
CONTACT: Jeffrey Nunez President and CEO Email: Email Contact
Web Site: www.micro-imaging.com Telephone: (949) 388-4546
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