Microfluidics makers of the Microfluidizer high pressure fluids processor

Microfluidics International Corporation Announces Second Quarter 2009 Financial Results

Company reports positive EBITDA for the Second Quarter 2009


Newton, MA, August 11, 2009 - Microfluidics International Corporation (OTCBB: MFLU), today reported unaudited financial results for the quarter ended June 30, 2009.


Second quarter accomplishments:

Achieved positive earnings before interest, taxes, depreciation and amortization (EBITDA) of $48,000

  • Achieved positive earnings before interest, taxes, depreciation and amortization (EBITDA) of $48,000

  • Delivered strong bookings of $6.6 million with a backlog of $4.3 million at the end of the quarter primarily due to increased demand by vaccine developers

  • Entered into an R&D agreement and equipment sales order for the Company’s proprietary Microfluidics Reaction Technology (MRT) with a major pharmaceutical customer

  • Entered into an exclusive distributorship agreement with Japanese-based POWREX to market, sell and service Microfluidizer® high shear fluid processors in the pharmaceutical, biotechnology and energy industries throughout Japan

  • Formed a strategic alliance with U.S.-based Particle Sciences to help biopharmaceutical companies leverage the most advanced and reliable nanotechnology and formulation methods available to develop, analyze and commercialize Active Pharmaceutical Ingredients (APIs)

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Download a complete press release with financials.

 
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