Twist Bioscience to Become Voting Member of Storage Networking Industry Association

Rhea-AI Summary

Twist Bioscience Corporation (NASDAQ: TWST) has joined the Storage Networking Industry Association (SNIA) as a voting member. This involvement aims to enhance data protection technology awareness and explore standards for DNA as a long-term data storage medium. SNIA emphasizes the importance of developing vendor-neutral architectures and standards in the storage industry. Twist engages actively to guide the implementation of these new standards, which can potentially impact data storage methods in various sectors, including healthcare and industrial research.

Positive

• Joining SNIA as a voting member enhances Twist's industry presence and influence.
• Engagement with SNIA can lead to advancements in DNA data storage technology.

Negative

• None.

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Twist Bioscience Corporation (NASDAQ: TWST), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, today announced it has joined the Storage Networking Industry Association (SNIA www.snia.org) as a voting member. SNIA is a nonprofit organization made up of storage professionals and is the globally recognized and trusted authority for storage leadership, standards and technology expertise.

“DNA offers an innovative approach for long-term storage of data, as it provides a medium for data that will have reading capabilities in existence for as long as humanity continues to explore our living environment and the mysteries of our own DNA,” said Michael Oros, executive director, SNIA. “We believe the industry as a whole will be eager to explore standards for a new storage medium that solves the conundrum of having a device in 100 years to read the media archived today.”

“The charter of the SNIA Data Protection and Privacy Committee (DPPC) is to expand the awareness and adoption of data protection technology, and to provide education, best practices, and technology guidance on all matters related to the protection and privacy of data. We believe DNA provides a long-term data storage medium for consideration under this charter and welcome Twist Bioscience as a voting member of SNIA,” commented Pushpendra Kumar “P.K.” Gupta, co-chair, SNIA DPPC.

“SNIA leads the storage industry in developing and promoting vendor-neutral architectures, standards and educational services for storage professionals worldwide,” said Emily M. Leproust, Ph.D., CEO and co-founder of Twist. “We are committed to actively participating and engaging with the group as a voting member to help guide the implementation of new standards for the storage industry.”

About Twist Bioscience

Twist Bioscience is a leading and rapidly growing synthetic biology and genomics company that has developed a disruptive DNA synthesis platform to industrialize the engineering of biology. The core of the platform is a proprietary technology that pioneers a new method of manufacturing synthetic DNA by “writing” DNA on a silicon chip. Twist is leveraging its unique technology to manufacture a broad range of synthetic DNA-based products, including synthetic genes, tools for next-generation sequencing (NGS) preparation, and antibody libraries for drug discovery and development. Twist is also pursuing longer-term opportunities in digital data storage in DNA and biologics drug discovery. Twist makes products for use across many industries including healthcare, industrial chemicals, agriculture and academic research.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts contained herein are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that may cause Twist Bioscience’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. For a description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Twist Bioscience’s business in general, see Twist Bioscience’s risk factors set forth in Twist Bioscience’s Quarterly Report Form 10-Q filed with the Securities and Exchange Commission on February 9, 2022 and subsequent filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Twist Bioscience specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005163/en/

Angela Bitting

SVP, Corporate Affairs

Twist Bioscience

abitting@twistbioscience.com

Source: Twist Bioscience Corporation

FAQ

What recent announcement did Twist Bioscience Corporation make?

Twist Bioscience announced it has joined the Storage Networking Industry Association as a voting member.

How can Twist's membership in SNIA impact data storage?

Twist's membership may contribute to exploring standards for using DNA as a long-term data storage medium.

What is the significance of DNA in data storage according to Twist's announcement?

DNA is seen as a long-term storage solution capable of preserving data for centuries.

What stock symbol is associated with Twist Bioscience Corporation?

The stock symbol for Twist Bioscience Corporation is TWST.

Who commented on the importance of DNA data storage in the SNIA announcement?

Michael Oros, executive director of SNIA, highlighted DNA's potential as an innovative data storage medium.