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Replies to post #69732 on Micro Imaging Technology Inc (MMTC)
09/24/12 2:41 PM
OSIS
“We are pleased to work with MIT as we feel their innovative
product will become a valuable tool to help prevent widespread bacterial contamination in the future,”
stated Manoocher Mansouri, OSIO’s President.
(05/23/10)
http://www.smallcapwatch.com/pressRelease.asp?ID=134968
Quote:
MIT CONTRACTS OSI OPTOELECTRONICS TO MANUFACTURE THE MIT 1000
RAPID MICROBIAL IDENTIFICATION SYSTEM
San Clemente, CA. May XX, 2010....Micro Identification Technologies, Inc. (OTCBB “MMTC”) (MIT)
announced that it has signed an agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI
Systems ( OSIS), to manufacture MIT’s microbial rapid identification system, the MIT 1000.
OSIO has manufacturing facilities in California, Malaysia and India. “All of OSIO’s world class facilities
are ISO 9001:2000 certified and FDA registered and GMP compliant making them a perfect company to
fabricate MIT’s systems for its current food safety applications and its planned pharmaceutical and clinical
diagnostic applications,” stated John Ricardi, MIT’s Executive Vice President and Chief Operating Officer.
Mr. Ricardi further added that “While initially the System will be built in OSIO’s California facility, as
volume increases, fabrication will move to one of their low labor cost facilities in either Malaysia or India
and thus provide the platform to enable MIT to maintain or better its future profit margins.”
OSIO fabricates the photodiode detectors that are used in the MIT 1000 and has the ability to supply
other components. In addition, their vast experience in our System and MIT’s targeted markets enables
them to both accelerate and help us to ensure that our current and future product designs meet the
stringent requirements of those industries. “We are pleased to work with MIT as we feel their innovative
product will become a valuable tool to help prevent widespread bacterial contamination in the future,”
stated Manoocher Mansouri, OSIO’s President.
MIT currently produces the MIT 1000 Rapid Microbial Identification (ID) System that can identify bacteria
in less than five minutes after culturing at a cost less than 10 cents per test and is a certified AOAC
Research Institute (RI) test method of Listeria, one of three bacteria (the others are Salmonella and
E.coli) that are responsible for most of the worldwide food contamination events. The Company is in the
process of preparing the MIT 1000 to become AOAC RI certified later this year for the presence of all
“three” bacteria with a single mouse click.
.
ABOUT OSI OPTOELECTRONICS:
OSI Optoelectronics designs, manufactures and markets optoelectronic products and provides electronics
manufacturing services (EMS) for use in a broad range of applications for commercial, military,
aerospace, industrial, healthcare and homeland security options. Their products are widely used in
training and simulation systems, satellite and missile guidance systems, medical imaging and diagnostic
systems, among others.
OSI Optoelectronics has over 40 years of experience in the field of optoelectronics product development
and manufacturing, and have established a global network of world-class manufacturing facilities to
provide extensive engineering solutions and manufacturing capabilities and services for clients worldwide.
ABOUT MICRO IDENTIFICATION TECHNOLOGIES:
MIT is a California-based public company that has developed and patented a rapid microbial identification
(ID) System that revolutionizes the pathogenic bacteria ID process and can annually save thousands of
lives and tens of millions of dollars. The System IDs bacteria in minutes, not days, and at a significant per
test cost savings when compared to any conventional method. It does not rely on chemical or biological
agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis. The process is
totally GREEN requiring only clean 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 billion - having
expanded at a rate of 9.2 percent annually since 1998. Current growth projections are at 30 percent
annually with test demands driven by major health, safety and homeland security issues. www.microidentification.
com
MIT recently completed an extensive, almost one-year in duration, evaluation by the AOAC Research
Institute which included independent rigorous testing and thorough reviews by the AOAC RI and its expert
reviewers, including the U.S. Department of Agriculture. The AOAC RI Report is available from the
Company. www.aoac.org
Further, MIT has demonstrated the ability to detect and identify, within several minutes, the microbes
Escherichia coli, Listeria, Salmonella, Staphylococcus aureus, and other pathogenic bacteria. MIT
recently performed over 300 tests for the identification of the aforementioned contaminants and scored
95% accuracy. The System can currently identify 23 species of bacteria and is easily expandable. The
identification process has been verified by North American Science Associates, Inc. (NAMSA), an
independent, internationally recognized biological testing laboratory. The NAMSA Test Report is available
from the Company and, in MIT’s opinion, demonstrates the accuracy, speed and cost effectiveness of
the System over conventional processes. www.namsa.com
09/25/12 3:12 AM
