Ann Arbor, Mich. – May 29, 2003 — DNA Software finalized the terms of its second Michigan Life Sciences Corridor (MLSC) award from the Michigan Economic Development Corporation. $364,000 will be used to commercialize software for microarray and advanced PCR assay design.
DNA Software will use the award to apply the company’s existing software platform, the Oligonucleotide Modeling Platform™ (OMP#153;), to the field of advanced PCR assay design. The new software builds on OMP#153;’s precise modeling engine and will be used by scientists to design microarray experiments.
In 2002, DNA Software received a MLSC Award in the amount of $932,000 to develop software that designs DNA Microarrays.
Donald A. Hicks, the COO of DNA Software expresses his thoughts upon receiving the award. “We are very pleased that the state recognized all of the tremendous progress we have made in the research and development phase during our year one. It’s especially gratifying that after an initial investment the state evaluated that our success and progress was more than sufficient to warrant a further investment to help us commercialize these advances.”
The thrust of this investment from life sciences corridor award is going to help DNA Software get the word out and reach a wider audience, now that a world leading platform in Visual OMP#153;, the only software platform that integrates simulation and design for nucleic acids for a varity of formats, has been developed.
“With this grant, we will be able to focus on commercialization and developing the business and it should result in increased economic activity and job growth for DNA Software, one of the small, but world leading, companies located here in Ann Arbor” states COO of DNA Software Donald A. Hicks.