Press Release
RainDance Announces Company Relocation and Manufacturing Startup
GUILFORD, CONNECTICUT, May 19, 2008 — RainDance Technologies, Inc., a provider of innovative microdroplet-based solutions for human health and disease research, today announced the relocation of the company from Guilford, Connecticut, to Lexington, Massachusetts. RainDance said it will open the new facility and start up commercial and manufacturing operations effective May 27, 2008.
“With the launch of our first life sciences application scheduled for the fourth quarter of this year, it’s important for RainDance to be located in the nation’s preeminent biotechnology center,” said Chris McNary, President and Chief Executive Officer, RainDance Technologies. “As we enter the commercial phase of product development and begin manufacturing operations, a larger facility and access to the exceptional life sciences talent pool and customer base of the greater Boston/Cambridge area will be essential.”
The company said it will employ approximately 65 people at the Lexington facility by the end of the year. “During the coming months, we will be hiring about 30 people, including biologists and chemists, mechanical engineers and technicians, software programmers, customer service representatives, and administrative support,” said McNary.
RainDance’s new 28,000-square-foot building in Lexington, located at 44 Hartwell Avenue, more than doubles the space of its present Guilford, Connecticut, facility. The building will house the firm’s executive and administrative offices, research and development group, sales and marketing team, and manufacturing operations. In addition, the company plans to purchase more than $500,000 in scientific and office equipment.
“This move locates RainDance in a community of scientific investigators and laboratories that is closely aligned with our business and technology,” McNary said.
Effective May 27, 2008, RainDance Technologies’ new contact information will be as follows:
44 Hartwell Avenue
Lexington, MA 02421-3103
Phone — 781-861-6300
Fax — 781-861-1233
About RainDance Technologies, Inc.
RainDance's proprietary technology platform delivers exquisite sensitivity and data quality that inspires scientists, researchers and clinicians to rethink the way they design experiments, approach discovery, or conduct clinical diagnostics. The core RainStorm™ technology empowers customers to conduct de novo science in an ultra-high throughput, simple, flexible, and low-cost manner. RainDance's commercial products include instruments and high-value consumables and reagents for sequence enrichment for next-generation sequencing, ultra-deep sequencing, and methylation analysis. RainDance sells directly in the U.S. and in Europe, and is building distribution networks in Europe and Asia-Pacific. RainDance Technologies has approximately 70 employees worldwide. For more information, please visit www.raindancetech.com.
RainStorm is a trademark of RainDance Technologies, Inc.
For corporate questions contact:
Chris McNary
RainDance Technologies
44 Hartwell Avenue
Lexington, MA 02421
Phone — 781-861-6300
mcnaryc@raindancetech.com
For technical questions contact:
James Brayer
RainDance Technologies
44 Hartwell Avenue
Lexington, MA 02421
Phone — 781-861-6300
info@raindancetech.com
For press inquiries:
Colin Sanford
Phone — 203-340-2441
colin@bioscribe.com
