PRESS RELEASE

Date: 8 August 2003

Subject: Fluorotechnics receives a second $100,000 New South Wales Government Grant

Details:

Fluorotechnics was last week awarded the maximum possible grant of $100,000 under the New South Wales Government’s Proof of Concept Grant Scheme.

The grant was awarded to assist with the project of commercialising new fluorescent labels for diagnostics and proteomics also being supported by the Commonwealth Government under the BIF scheme.

The Proof of Concept Grant is a key initiative arising from the New South Wales Government BioFirst Strategy.

This grant will greatly assist the company in achieving its aims of generating export sales and creating Australian employment.

Contact: Professor Duncan Veal, CEO
Email: dveal@fluorotechnics.com