CALGARY, ALBERTA--(Marketwire - Nov 30, 2012) - FoodChek Systems Inc. ("FoodChek" or the "Corporation") is very proud to announce that the AOAC Research Institute, the approval body for all U.S. food safety tests, has validated and certified as a Performance Tested Method ("PTM"), FoodChek''s patent pending Actero™ Listeria Enrichment Media (License #111201) and the FoodChek™ Listeria spp. Assay Cassette (License #111202). Both are technological breakthroughs; the first product an enhanced enrichment medium for the detection of Listeria spp., and the second an effective Listeria spp. test method on stainless steel and plastic food contact environmental surfaces.
The impact of this announcement gives the Corporation the ability to grow substantially and is another step forward, in FoodChek''s mission to provide faster, more accurate and cost-effective processes for testing food safely. Securing the AOAC PTM Certification, previously with our "same shift" E. coli O157 assay (including enrichment phase), and now with the "same day" Listeria spp. assay opens the door for FoodChek to introduce its patented MICT nanotechnology testing platform to all processors worldwide. This is excellent news for those processors that are unsatisfied with the current standards and methods for testing in the wake of several recalls and health scares.
William J. Hogan, President and CEO, stated: "The combination of these Listeria spp. game-changing detecting products, with test results in less than 24 hours (including the enrichment phase), are now available for use in all in-house and external laboratories, and by all processors. This gives FoodChek access to a potential international food testing market for Listeria spp. of $550 million literally overnight. While these numbers are impressive, they pale when compared to the financial upside FoodChek is offering to processors determined to protect their brands from reputation crushing recall disasters resulting from inferior or time consuming testing methods."
Dr. R. Michael Giuffre, Chief Scientific Officer stated: "With the addition of the Actero™ Media and the Assay Cassette for Listeria spp., we immediately open the global market to FoodChek and bring true easy-to-use rapid testing to all processors everywhere with the fastest "time-to-results" for all of their food safety testing needs. Actero™ Listeria Enrichment Media, the first enrichment media to be awarded the prestigious AOAC PTM Certification, will be the driver of both the early and long-term success of FoodChek as a company."
About AOAC International:
The AOAC Research Institute, a subsidiary of AOAC International (www.aoac.org), is an independent non-profit corporation whose stated purpose is to promote and carry out activities related to the development, improvement and understanding of analytical practices and procedures affecting public health and welfare.
About FoodChek Systems Inc:
FoodChek specializes in the development of propriety food safety tests, utilizing its propriety revolutionary magnetic MICT nanotechnology platform for the rapid, accurate and cost-effective detection of food-borne pathogens. FoodChek™ products are distributed exclusively through VWR International. To find out more about FoodChek and its products, visit www.foodcheksystems.com.
This information release may contain certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the FoodChek''s current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its private filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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