BioLED Lab on a Chip Technology Successfully Demonstrated

GENEVA—Acrongenomics, Inc. (OTCBB:AGNM) and Molecular Vision, Ltd. ("MVL") — an Imperial College spin-out company — are pleased to announce the successful demonstration of their BioLED Lab on a Chip technology using MVL's patented, organic semiconductor technology in a high sensitivity, small size, medical diagnostic device that took place at Imperial College in London, UK on March 8th 2007.

The device demonstrated its technological capability to measure biomarkers with high sensitivity and at low cost.

BioLED technology uses semiconductor films located on either side of a microfluidics chip. One film illuminates the chip, where appropriate, while the other film detects an output signal, which is fed to a display. The demonstrated device used two forms of detection utilizing chemiluminescence and fluorescence to detect different markers of interest.

Acrongenomics & Molecular Vision believe that this technology is capable of further miniaturization along with large scale, low cost manufacturing, which will bring forward disposable, Point Of Care diagnostics for a large range of biomarkers.

Furthermore the companies presented possible design concepts of BioLED technology applications to be used at home, in doctor's offices and hospitals.

About Molecular Vision Ltd

Molecular Vision is a spin-out company of Imperial Innovations Ltd. The company was founded by three Imperial College London researchers — Prof. Donal Bradley, Prof. Andrew de Mello and Dr. John de Mello — in 2002 in order to meet a clearly defined demand in the medical diagnostics, biosensors and analytical instrumentations markets: the need for miniaturized chemical and biological detectors offering high sensitivity and functionality at low cost. The company has directly addressed this market demand by inventing a novel method for optical detection based on recent advances in organic electronics and light emitting diodes combined with microfluidics technology. The company has mainly focused on applying its technology to the medical diagnostics markets. Molecular Vision recently signed a major development contract with Acrongenomics Inc. to jointly exploit and commercialize the technology.

About Imperial College London

Consistently rated in the top three UK university institutions, Imperial College London is a world leading science-based university whose reputation for excellence in teaching and research attracts students (11,000) and staff (6,000) of the highest international quality. Innovative research at the College explores the interface between science, medicine, engineering and management and delivers practical solutions that enhance the quality of life and the environment — underpinned by a dynamic enterprise culture.

About Acrongenomics Inc.

Acrongenomics Inc. is a publicly traded company that focuses on investing in and commercializing novel technology platforms concerning the Life Sciences sector. Acrongenomics brings novel and realistic concepts to market by transforming scientific innovations into tangible, consumer-orientated applications. The company has its headquarters in Geneva, Switzerland.

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