Luminex Corporation Named Most Innovative Company of the Year and Receives Business Innovation of the Year Award for MAGPIX® System

AUSTIN, Texas, June 23, 2011 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) has won two American Business Awards - Stevie Awards - Most Innovative Company of the Year (for companies with less than 2,500 employees) and Business Innovation of the Year for the MAGPIX System.  A record number of nominations were submitted this year with more than 2,800 organizations from virtually all company sizes and industries.  In addition to Luminex, notable Stevie Award nominees this year include Apple, Inc., Whole Foods Market, Inc., Cisco, Dell, DHL Express, CIGNA, General Electric, Groupon and Hewlett Packard.  

(Logo:  http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO)

"At Luminex, our passion for innovation inspires us to develop products that help improve patient care and laboratory efficiency, and accelerate the pace of medical and life-science research," said Patrick J. Balthrop, president and CEO of Luminex Corporation. "We are proud of the fact that our products and technology are helping to advance healthcare and science around the globe, and having a positive impact on the safety and well-being of people worldwide.  We are honored to receive two Stevie Awards for our innovation."

Luminex currently employs over 500 people and is transforming global healthcare and life-science research through the development, manufacturing, and marketing of proprietary instruments and bioassays for clinical diagnostics and life science research.  A recognized leader in the Austin biotechnology community and the industry, Luminex technology is commercially available worldwide and is in use in leading clinical laboratories, academic institutions, as well as major pharmaceutical diagnostic, biotechnology and life-science companies.  

The company's MAGPIX system is setting a new industry standard for multiplex testing.  Because of its innovative design weighing less than 40 pounds, or 18 kg, the system is easy to install and deploy around the world.  Its unique portability and decreased resource and sample requirements provide the power of multiplexing in an affordable format not only to traditional laboratories, but to scientific teams in remote and resource limited areas.  To date the MAGPIX system has been used at the Papua New Guinea Institute of Medical Research, a global network of independent research centers in malaria endemic settings, and Port-au-Prince, Haiti's GHESKIO Center in managing the continuing cholera outbreak following last year's earthquake.  

The 2011 American Business Awards finalists and winners were honored at the Ninth Annual gala event last night in Times Square at New York's Marriot Marquis Hotel, hosted by Cheryl Casone of Fox Business Network.

About American Business Awards - Stevie Awards

The Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service.  Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.  Learn more about the Stevie Awards at www.stevieawards.com/, and follow the Stevie Awards on Twitter @TheStevieAwards.

About Luminex Corporation

Luminex Corporation develops, manufactures and markets proprietary biological testing technologies with applications throughout the diagnostic and life sciences industries. The company's xMAP multiplex solutions include an open-architecture, multi-analyte technology platform that delivers fast, accurate and cost-effective bioassay results to markets as diverse as clinical diagnostics and biomedical research, pharmaceutical drug discovery, including genomic and proteomic research, bio-defense research and food safety. Further information on Luminex Corporation can be obtained at http://www.luminexcorp.com/.

Contacts

Corporate:
Harriss T. Currie
Chief Financial Officer and Vice President, Finance
[email protected]
512.219.8020

Investors:
Matthew Scalo
Sr. Director, Investor Relations
Luminex Corporation
[email protected]
512.219.8020

Media:
Mimi Torrington
Director, Marketing Communications
Luminex Corporation
[email protected]
512.219.8020

Jana Stoudemire
Porter Novelli
porternovelli.com
512.241.2245

SOURCE Luminex Corporation

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