(2005) For the seventh time, the Danish engineering journal Ingeniøren has awarded its Product Prize (Ingeniørens Produktpris). Products from several known Danish companies were highly praised, but the Product Prize was presented to Chempaq for their development of a simple, cheap, and high-tech device for instant blood analyses at the doctor's practice, thereby giving patients immediate information on diseases such as leukaemia and mononucleosis.

The Mininster of Economic and Business Affairs, Bendt Bendtsen, presented the prize of Best Product in 2005 to Chempaq today at a conference on Innovation and Product Development at the Danish Society of Engineers (Ingeniørforeningen) in Copenhagen.

The panel of judges said the following about Chempaq's XBC (eXpress Blood Counter) product, "A remarkable example of a start-up company that has got to this point in such a short time. With such a product, we can compete with the Chinese."

Blood is collected in a cassette and placed in the XBC, the size of a destop telephone; after approximately 3 minutes, the XBC produces a strip with the results.

It is the seventh time that the Engineer's Product Prize is awarded to a product that is characterized by having a crucial technological novelty, a broad social importance, and based on substantial engineering skills.

Chempaq competed against 36 other products, a record number of products competing this year.

For more information, please contact Lars Andersen at la@seedcapital.dk, or visit www.chempaq.dk