Quantum-Si Expands Global Reach with Addition of New Distributor

Rhea-AI Summary

Quantum-Si Incorporated (Nasdaq: QSI) has entered into an agreement with a new international distributor, 3Genes Distribution a.s., to distribute its next-generation protein sequencing instrument, Platinum, across Eastern Europe. This strategic move follows a previous agreement with ELTA 90 to distribute Platinum in Southeast Europe, reflecting the company's mission to revolutionize proteomics and expand its global reach.

BRANFORD, Conn.--(BUSINESS WIRE)-- Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), The Protein Sequencing Company™, today announced that it has entered into an agreement with a new international distributor as demand grows for its first-to-market next-generation protein sequencing™ instrument, Platinum™.

3Genes Distribution a.s., a prominent technology provider specializing in life science and diagnostics in Eastern Europe will distribute Quantum-Si’s Platinum across the Czech Republic, Slovakia, and Hungary. Dominik Véle, a board member of 3Genes said, “Through our agreement with Quantum-Si, 3Genes aims to pioneer proteomic innovation in our Eastern European markets, forging a new era in life sciences.”

"Expanding our reach through agreements with an industry leader like 3Genes aligns with our mission to revolutionize proteomics," remarked Jeff Hawkins, Chief Executive Officer of Quantum-Si. "We are thrilled to welcome this esteemed distributor to our global network, enabling scientists worldwide to harness the power of Platinum and drive groundbreaking discoveries."

This strategic agreement marks another milestone in Quantum-Si's efforts to unleash the power of proteomics in every lab, everywhere. It follows closely on the heels of the company’s recently announced agreement with ELTA 90, a Bulgarian distributor to distribute Platinum in Southeast Europe.

About Quantum-Si Incorporated

Quantum-Si, The Protein Sequencing Company™, is focused on revolutionizing the growing field of proteomics. The Company's suite of technologies is powered by a first-of-its-kind semiconductor chip designed to enable next-generation single-molecule protein sequencing and digitize proteomic research in order to advance drug discovery and diagnostics beyond what has been possible with DNA sequencing. Learn more at www.quantum-si.com

About 3Genes

3Genes is a technology provider for life-science and diagnostics. The company provides technological solutions in the field of next-generation sequencing, proteomics and spatial transcriptomics. We build our services on the expertise of our company members and the quality of the products we deliver. We rely on professional and open dealings, an individual approach, and the satisfaction of our clients. Learn more at www.3genes.com

Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The actual results of the Company may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company's expectations with respect to future performance and development and commercialization of products and services. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on the Company's business; the inability to maintain the listing of the Company's Class A common stock on The Nasdaq Stock Market; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the Company to grow and manage growth profitably and retain its key employees; our ongoing leadership transition; changes in applicable laws or regulations; the ability of the Company to raise financing in the future; the success, cost and timing of the Company's product development and commercialization activities; the commercialization and adoption of the Company’s existing products and the success of any product the Company may offer in the future; the potential attributes and benefits of the Company’s commercialized Platinum™ protein sequencing instrument and the Company’s other products once commercialized; the Company's ability to obtain and maintain regulatory approval for its products, and any related restrictions and limitations of any approved product; the Company's ability to identify, in-license or acquire additional technology; the Company's ability to maintain its existing lease, license, manufacture and supply agreements; the Company's ability to compete with other companies currently marketing or engaged in the development or commercialization of products and services that serve customers engaged in proteomic analysis, many of which have greater financial and marketing resources than the Company; the size and growth potential of the markets for the Company's products and services, and its ability to serve those markets once commercialized, either alone or in partnership with others; the Company's estimates regarding future expenses, future revenue, capital requirements and needs for additional financing; the Company's financial performance; and other risks and uncertainties described under "Risk Factors" in the Company’s Annual Report for the fiscal year ended December 31, 2022, and in the Company's other filings with the SEC. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231212966590/en/

Investor

Jeff Keyes, Chief Financial Officer

ir@quantum-si.com

Media

Katherine Atkinson, SVP of Commercial Marketing

media@quantum-si.com

Source: Quantum-Si Incorporated

FAQ

What is the name of the company mentioned in the press release and its ticker symbol?

Quantum-Si Incorporated (Nasdaq: QSI)

What is the new agreement announced by Quantum-Si?

Quantum-Si has entered into an agreement with 3Genes Distribution a.s. to distribute its Platinum protein sequencing instrument across the Czech Republic, Slovakia, and Hungary.

Who is the CEO of Quantum-Si?

Jeff Hawkins is the Chief Executive Officer of Quantum-Si.

What is the mission of Quantum-Si?

Quantum-Si aims to revolutionize proteomics and unleash the power of proteomics in every lab, everywhere.

What is the significance of the agreement with 3Genes Distribution a.s.?

The agreement with 3Genes Distribution a.s. marks a strategic move to pioneer proteomic innovation in Eastern European markets and forge a new era in life sciences.

What was the previous agreement announced by Quantum-Si?

Quantum-Si previously announced an agreement with ELTA 90 to distribute Platinum in Southeast Europe.