GTG 0.00% 3.9¢ genetic technologies limited

forensics testing extended

  1. TDA
    11,411 Posts.
    lightbulb Created with Sketch. 137
    ASX ANNOUNCEMENT
    February 9th, 2011
    ___________________________________________________________________________________

    Genetic Technologies Forensics Testing extended by NSW Police

    Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE) has executed a one-year extension to its Forensic DNA Testing Agreement with the New South Wales Police Force, Australia?s largest police force (refer ASX announcement dated January 21st, 2008).

    Under the terms of the agreement, Genetic Technologies will conduct forensic DNA analysis on ?complex volume crime? samples which include, but are not limited to, materials relating to crimes such as break and enter, motor vehicle theft, theft of items from motor vehicles and malicious damage offences. This is higher value-add work as compared to the types of tests conducted by GTG during the first three years of the Company?s forensics testing for NSW Police.

    Genetic Technologies CEO Dr. Paul MacLeman said ?Genetic Technologies is the only non-Government, NATA accredited forensics testing laboratory in Australia. Its services are based on a highly skilled, efficient and cost-effective forensic testing facility in Fitzroy.

    ?GTG?s track record is delivering quality test results with short turnaround times. Contracts such as this provide stable revenue underpinnings that enable us to develop our healthcare related business, including our emerging suite of cancer diagnostics.?

    Outsourcing DNA forensics testing by police is a logical and cost effective way to help manage the growing demand for DNA analysis. During the period of the previous contract, Genetic Technologies? assisted with the reduction of simple volume crime samples. This allows NSW police to focus their immediate resources on the analysis of more serious crime samples.



 
watchlist Created with Sketch. Add GTG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.