SOURCE: Stratos Product Development

Stratos Product Development

August 22, 2012 12:51 ET

Stratos Product Development Forms Endowment Fund for the University of Washington Department of Bioengineering

SEATTLE, WA--(Marketwire - Aug 22, 2012) - Stratos Product Development today announced that it has formed an endowment fund for education with the University of Washington (UW): the Stratos-Stephan Endowed Fund for Education. The endowment will benefit the Department of Bioengineering, with distributions to be used to support activities specifically related to molecular engineering, including student scholarships and fellowships.

"Stratos has been a great partner for UW Bioengineering over the years," Paul Yager, Chair of the UW Department of Bioengineering, said. "Stratos has been bringing UW technologies to patients in the form of elegant, highly-functional products, many with the help of UW Bioengineering graduates. We are both very grateful to Stratos for funding this endowment, and proud to be able to work together with Stratos to help populate the region's medically-oriented companies with more great students."

"Stratos is committed to pushing the envelope of innovation," Stratos Product Development founder and Stratos Genomics CEO, Allan Stephan, said. "Our commitment is reflected in the work we do at Stratos Product Development as well as in our current in-house incubation, Stratos Genomics. We consider molecular engineering to be on the cutting edge of technology," Stephan continued, "and recognize the enormous role this science will play in addressing future global issues. Our scholarship is intended to support the effort to attract more people to this emerging and critical field."

The University of Washington's Department of Bioengineering, which is in both the School of Medicine and the College of Engineering, is a recognized international leader in using education and research to encourage biomedical invention. UW faculty and students bridge traditional disciplines to drive healthcare forward for those in remote parts of the world and here at home. Students, scientists, engineers and physicians come together in Bioengineering to develop innovative and cost-effective approaches to improve health care. Interdisciplinary teams collaborate in a wide range of areas, from biomedical imaging to biomaterials, and from diagnostic tools to targeted drug delivery.

About Stratos Product Development LLC
A cohesive, experienced team of developers can't be built overnight. For 25 years, Stratos has been building a superior ecosystem for innovative product development. Expert industrial designers, researchers, software developers, electrical, mechanical, manufacturing and quality engineers and professional project managers are here to support your next product development challenge. Our collaborative, cross-discipline approach enables us to reduce time-to-market, maximize product opportunities and create compelling product solutions for users and unmet needs in the marketplace. We partner with clients worldwide, from startup companies to Fortune 500 corporations.

About Stratos Genomics Inc.
Stratos Genomics' goal is to establish the next gold standard of DNA sequencing with its "Sequencing by Expansion™" (SBX™) method. SBX is a simple, elegant, single-molecule detection process that circumvents the limitations of competing technologies, allowing accurate, ultra-low-cost whole-genome sequencing. Established in 2007, Stratos Genomics Inc. is a spin-off of Seattle-based Stratos Group LLC.

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