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August 3, 2006
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Affinergy Signs Research Agreement with DuPont for Novel Bio-Based Materials
RESEARCH TRIANGLE PARK, N.C., August 3, 2006 - Affinergy, Inc., a Duke University spinout with a proprietary site-specific biological delivery system, announced that it has entered into a Research Agreement with the DuPont Bio-Based Materials business. Financial terms of the deal were not disclosed. Affinergy is precluded from working with other companies in a specific field during the term of the agreement.
"Affinergy is excited to work with a respected market leader like DuPont in applying our peptide linkers in markets outside of medical devices," said Peyton Anderson, Affinergy's CEO. "DuPont's compelling vision for commercializing biotechnology-based products in their markets is backed by a serious commitment. Affinergy's goal is to collaborate with market leaders and DuPont is unquestionably the market leader in their chosen markets."
"Affinergy's technology is a novel way to find coatings and materials that have the potential to be compatible and complementary to DuPont's cutting-edge bio-based technologies research," said Michael Saltzberg, Ph.D., Global Business Director of the DuPont Bio-Based Materials BioSurfaces business. "We look forward to initiating this research & development program. This approach is consistent with our strategy to partner with expert companies to accelerate the development and commercialization of our bio-based materials portfolio."
About Affinergy, Inc.
Affinergy develops site-specific biological systems using biofriendly linkers that selectively adhere to proteins, drugs, cells, and biomaterial surfaces in order to kickstart biology toward an intended outcome. Affinergy is focused on developing coatings and medical devices for the orthopedic and cardiovascular markets. Affinergy's technology was patented at Duke University and was awarded 2005 Innovation of the Year by Frost & Sullivan in the category of Medical Device Coatings. For more information, visit www.affinergy.com.
About DuPont
DuPont is a world leader in the development and manufacturing of high-performance materials that provide environmentally sustainable solutions that utilize renewable, farm-grown feedstocks rather than petroleum. The power of DuPont's scientific capabilities, including state-of-the-art biotechnology and bio-based manufacturing processes, are being harnessed to meet the needs of both customers and society.
DuPont is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
For more information:
Peyton Anderson
Chief Executive Officer
Affinergy, Inc.
919-433-2229
panderson@affinergy.com
Michelle Reardon
Corporate Media Relations
DuPont
302-774-7447
Michelle.s.reardon@usa.dupont.com
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