December 8, 2008

Purdue Research Park-based firm receives innovation award

The Indiana Economic Development Corporation and Indiana University's Kelley School of Business Johnson Center for Entrepreneurship & Innovation present the awards annually. The Innovation Award is presented to a company that demonstrates best new practices, products or systems for today's business environment.

"It is a great honor to be recognized among so many other outstanding companies in Indiana that positively affects economic development in Indiana and were nominated for the award," said Dick Aderman, the company's president and COO.

Other finalists for the 2008 Innovation Award included ANGEL Learning, Indianapolis; BeniComp Advantage Inc., Fort Wayne; Brightpoint Inc., Indianapolis; CIM Technology Solutions, Columbus; Harlan Bakeries, Avon; Iasta, Carmel; Information in Place Inc., Bloomington; Interactions Corp., Carmel; Jackson Systems, Indianapolis; Midwest Tube Mills Inc., Madison; Omnitech Systems Inc., Valparaiso; Paragon Medical, Pierceton; Pro Winds, Bloomington; RICS Software, Indianapolis; Server Partners LLC, Indianapolis; WebLink International, Avon; Xtreme Alternative Defense Systems, Anderson.

About Quadraspec

Quadraspec's patented SDI™ label-free detection technology permits the rapid analysis of up to 100 unique tests on up to 1,000 unique patients per hour. Quadraspec's fully integrated, multiplex-capable diagnostics platform enables high throughput, label-free, highly sensitive bioassays and diagnostics. With market disruptive costs to researchers and laboratories and applications from discovery through development, Quadraspec aims to become the next generation gold standard diagnostics platform.

About Purdue Research Park

The 725-acre Purdue Research Park (https://www.purdueresearchpark.com) has the largest university-affiliated business incubation complex in the country. The park is home to more than 157 companies. About 100 of these firms are technology-related and another 39 are incubator businesses. The Purdue Research Park is part of the Purdue Research Foundation, a private, nonprofit foundation created to assist Purdue University in the area of economic development. In addition to the Purdue Research Park in West Lafayette, the foundation has established or is currently constructing technology parks in other locations around Indiana including Merrillville, New Albany and Indianapolis.

To the Purdue Research Park, https://www.purdueresearchpark.com

Contact at Purdue Research Park: Steve Martin, (765) 494-6872, sgmartin@prf.org

Source: Dick Aderman, (765) 775-1026, raderman@quadraspec.com