Affymetrix Recognized with Outstanding Corporate Innovator Award by Product Development & Management Association
September 20 2004 - 6:30PM
PR Newswire (US)
Affymetrix Recognized with Outstanding Corporate Innovator Award by
Product Development & Management Association SANTA CLARA,
Calif., Sept. 20 /PRNewswire-FirstCall/ -- Affymetrix, Inc.,
(NASDAQ:AFFX) today announced that it has been named an Outstanding
Corporate Innovator for 2004 by the Product Development &
Management Association (PDMA). The PDMA annually honors
organizations that demonstrate sustained excellence in the
development and profitable commercialization of new products and
services. Affymetrix will receive the award at the PDMA's 28th
Annual International Conference in Chicago on October 26. The Air
Force Research Laboratory at Wright Patterson Air Force Base will
also be honored for their product development achievements by the
PDMA at this year's conference. Affymetrix was selected on the
basis of its success in pioneering and commercializing GeneChip(R)
microarrays. By using photolithography and solid- phase chemistry
Affymetrix can produce arrays containing hundreds of thousands of
DNA probes packed at extremely high densities. GeneChip microarrays
have played a key role in helping drive the global genomic
revolution, according to Stan Jankowski, Chair of the OCI Award
Selection Committee and President of N.O.V.A Consulting Co. LLC.
"By combining its revolutionary GeneChip microarray technology with
a disciplined corporate-wide approach to new product development,
Affymetrix' products have helped increase scientists' understanding
of the relationship between genes and human health," said
Jankowski. Affymetrix has a strong culture of innovation fostered
by Stephen P.A. Fodor, Ph.D., the company's founder and Chairman
and CEO of Affymetrix. In 2002 Affymetrix developed the Advanced
Product Life-Cycle (APL) program, an integrated process for
prioritizing, planning and executing the development and on-time
delivery of competitive, customer-driven products. The process is
based on management consulting firm PRTM's Product And Cycle-time
Excellence(R) (PACE(R)) product development framework, and was
tailored to meet Affymetrix' unique needs. The successful
implementation of APL and the use of product development teams have
been key factors in its successful launch of breakthrough products
during the last two years. "Affymetrix prides itself on its culture
of innovation and product development excellence and is honored to
be recognized by the OCI Award selection committee," said Grace
Colon, Ph.D., Vice President, Corporate Planning. "Affymetrix
invented, developed and commercialized the microarray in the early
1990s. Since then continuous, disciplined innovation has enabled
our company to increase the data on each array over 100-fold, to
deliver breakthrough products to the market and to help researchers
perform pioneering science that simply wasn't possible before."
Selected from a global field of over 20 candidates nominated by
PDMA members, this year's winners demonstrate exceptional skill in
continuously creating and capturing value through new product
development. Thirty-one firms have been recognized as Outstanding
Corporate Innovators since the inception of the award. Past
recipients include Apple Computer, BMW Group, Eastman Kodak,
Harley-Davidson Motor Company, Herman Miller, Hewlett- Packard,
Hunter Douglas, Nabisco, Pepsi-Cola, and Rockwell Collins. To learn
more about the PDMA 28th Annual International Conference on
Tuesday, October 26 in Chicago, visit http://www.pdma.org/ About
Affymetrix: Affymetrix is a pioneer in creating breakthrough tools
that are driving the genomic revolution. By applying the principles
of semiconductor technology to the life sciences, Affymetrix
develops and commercializes systems that enable scientists to
improve quality of life. The Company's customers include
pharmaceutical, biotechnology, agrichemical, diagnostics and
consumer products companies as well as academic, government and
other non-profit research institutes. Affymetrix offers an
expanding portfolio of integrated products and services, including
its integrated GeneChip(R) brand platform, to address growing
markets focused on understanding the relationship between genes and
human health. Additional information on Affymetrix can be found at
http://www.affymetrix.com/. All statements in this press release
that are not historical are "forward- looking statements" within
the meaning of Section 21E of the Securities Exchange Act as
amended, including statements regarding Affymetrix' "expectations,"
"beliefs," "hopes," "intentions," "strategies" or the like. Such
statements are subject to risks and uncertainties that could cause
actual results to differ materially for Affymetrix from those
projected, including, but not limited to risks of the Company's
ability to achieve and sustain higher levels of revenue, higher
gross margins, reduced operating expenses, uncertainties relating
to technological approaches, manufacturing, product development,
market acceptance, personnel retention, uncertainties related to
cost and pricing of Affymetrix products, dependence on
collaborative partners, uncertainties relating to sole source
suppliers, uncertainties relating to FDA and other regulatory
approvals, competition, risks relating to intellectual property of
others and the uncertainties of patent protection and litigation.
These and other risk factors are discussed in Affymetrix' Form 10-K
for the year ended December 31, 2003 and other SEC reports,
including its Quarterly Reports on Form 10-Q for subsequent
quarterly periods. Affymetrix expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Affymetrix' expectations with regard thereto or any change in
events, conditions, or circumstances on which any such statements
are based. NOTE: Affymetrix, the Affymetrix logo, and GeneChip are
registered trademarks owned or used by Affymetrix, Inc. DATASOURCE:
Affymetrix, Inc. CONTACT: Media: Wes Conard, Assoc. Director,
Public Relations, +1-408-731-5791 or +1-415-385-4455, or Investor:
Doug Farrell, Vice President, Investor Relations, +1-408-731-5285,
both of Affymetrix, Inc. Web site: http://www.affymetrix.com/
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