Ludesi Honoured with 2008 Frost & Sullivan Global Emerging Technology of the Year Award

Business Wire, April 29, 2008

LONDON -- The 2008 Global 2D Gel Electrophoresis Emerging Technology of the Year Award is conferred on Sweden-based Ludesi Corporation. The company offers a unique and powerful 2D gel image analysis software and service in the fast growing proteomics market, aimed at improving the discovery potential in one of the industry's key technologies. Ludesi's commanding software service tool and pay-per-gel service model also underline its receipt of this award.

2D gel electrophoresis is the backbone for proteomics research and 2D gel image analysis the critical step in protein analysis and research. Software packages offered by competing software providers have on average 50 per cent Combined Correctness in contrast to Ludesi's 90 per cent, which underlines its high discovery potential in contrast to its competitors. Studies carried out at the John Hopkins Proteomics Center have proved Ludesi's software to have the highest overall correctness based on spot detection and matching compared to competing brands.

"With a high discovery potential and unique pay-per-gel service model, Ludesi displays its commitment to take the technology to its customers at a very affordable price with quick turn around time," notes Frost & Sullivan Research Analyst Arun AK. "Beyond its superiority in gel image analysis, the easy applicability of the technology in day-to-day research will promote the adoption of this technology."

Moreover, the enhanced REDFIN software, launched in December 2007, acts as an interface to send the gel images to Ludesi's analysts, who perform gel analysis, thereby saving the scientists' time in the laboratory. Because of this distinctive service model, Ludesi's 2D gel image analysis service turnaround is six to seven times quicker compared to that of its competitors.

"Besides technical advantages such as rapid and high quality results, Ludesi's service model based on the number of gels, reduces laboratory costs involved in gel analysis by potentially cutting down on software, labour and upgrade costs," observes Arun. "Therefore, in addition to these cost savings, the added value in terms of improved data quality is a distinctive selling tool which distinguishes Ludesi from its competitors."

Furthermore, as the first of its kind service model in the 2D gel image analysis industry, Ludesi enjoys a first mover advantage. This model is unlikely to be emulated by its competitors as this may conflict with their present business model based on software sales.

"With its best in class technology and outstanding economies of scale, Ludesi is the preferred choice to meet the rising demand for 2D gel image analysis," states Arun. "The ability to penetrate a well established market with a revolutionary technology and a novel business model uniquely positions Ludesi and arms it with a definitive competitive edge."

The Frost & Sullivan Emerging Technology of the Year Award is given to the company that has demonstrated technological superiority within its industry. This award recognises the ability of the company to successfully develop or introduce a new technology, formulate a well-designed product family, and make significant product performance contributions to the industry.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Ludesi Corporation

Ludesi is a global provider of bioinformatics solutions to the life science industry. The company is serving some of the most prestigious research facilities in the world with image analysis of 2D electrophoresis gels on a per-sample basis. Ludesi's analysis is performed at the Ludesi Analysis Center with proprietary software technology and strict quality control to ensure accurate and reliable results with a faster turnaround time. Further information can be found at www.ludesi.com.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.awards.frost.com.