October 19 2015 – Anteo Diagnostics (ASX: ADO) (Anteo) is...

October 19 2015 – Anteo Diagnostics (ASX: ADO) (Anteo) is pleased to announce that it has entered into a non-exclusive distribution agreement with KomaBiotech (Koma), who will market, distribute and support the Anteo Mix&Go (AMG™) products in South Korea. AMG™ is Anteo’s core nanoglue product range and is undergoing early stage commercialisation. The agreement with Koma is seen as a further strategic step in developing a strong sales channel into South Korea.

Koma is a Korean manufacturer and supplier of reagents and tools for life science research, and has been operating in the Korean market since 1994. Koma is a distributor of Luminex in the South Korean region, and this agreement is expected to provide Luminex customers with easier access to the AMG™ Activation Kit for Multiplex Microspheres, together with the 200nm and 1um Coupling Kit AMG™ products.

The life sciences industry in South Korea is substantial and growing due to the health and economic challenges which accompany the region’s rapidly aging population. It has a population of over 50 million people. The AMG™ range of products enable life science researchers to utilise the Mix&Go universal surface across a variety of assay formats, increasing sensitivity, reducing development time, enabling labs to deliver outcomes to market faster and more consistently. Anteo is commercialising its AMG™ nanoglue technology and is implementing a multifaceted sales model, comprising direct AMG™ product sales via distributors, co-development of novel Mix&Go enabled products with partners and the licensing of Mix&Go for use in partner products.

Anteo’s CEO, Dr. Geoff Cumming, commented: “We are pleased to be able to work with Koma, an established market leader in South Korea, which has a long and respected history of servicing this region.” “Our AMG™ product range is ideally suited to the growing Korean market and this agreement adds to the work we’ve been doing to extend our distribution network in other regions in 2015.” “Having a partner like Koma in South Korea which is expert in sales, marketing and the provision of quality customer support is important for Anteo. Since the AMG range is relatively new, having representatives on the ground who can ensure customers are getting the most from the products is the greatest way to deliver best adoption practices.

Under this agreement, Koma will ensure that support, training and service is delivered appropriately,” finished Dr Cumming. Ms KJ Sohn, General Manager for Koma commented, “Anteo products are excellent tools for researchers who are developing multiplexing kits, due to their ability to increase sensitivity and consistency when coupling a broad range of molecules.” “Koma has been doing Luminex business since 2005, so we are very excited to be able to distribute the Anteo products in the Korean market as a new solution for customers. We expect the combination of Anteo’s cutting edge technology and Koma’s sales and marketing experience to lead to a successful launch of AMG in the Korean market.”