SQI Diagnostics Expanding Business into Rapid Diagnostic Testing Market

Novel Diagnostics Target Organ Transplant, Autoimmune Disease and Serological Testing, Including Two Rapid Tests for COVID-19

TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- SQI Diagnostics, Inc. (TSX-V: SQD; OTCQX-US: SQIDF), a precision medicine company that discovers, develops, manufactures and commercializes innovative rapid diagnostic testing for healthcare professionals, patients and consumers worldwide, today announced it is expanding its proprietary rapid diagnostic testing portfolio targeting organ transplant, autoimmune disease and serological testing.

Mr. Robert L. Chioini, Chief Executive Officer of SQI stated, “Within our organ transplant, autoimmune disease and serological testing business units we have multiple products in clinical development, and we believe these advanced tests have the potential to offer patients and consumers significant benefit once they receive regulatory approval. Our COVID-19 At-home Antibody Test Kit and our COVID-19 Patient Triage Test are currently a top priority. We will provide more detail on our novel diagnostics, their clinical progress and our commercialization efforts shortly.” Mr. Chioini further stated, “Rapid diagnostic testing that is accurate and widely available is now more important than ever. It is intended that SQI’s direct-to-consumer diagnostic test kits will provide access to convenient, reliable, medical tests for use at home and empower people to improve their health outcomes, while our patient-based diagnostics will enable clinicians to provide fast effective treatment in the healthcare setting. SQI's unique strategy of merging innovative diagnostics with differentiated health management services will enable us to provide comprehensive support for healthcare professionals, patients and consumers across the globe.”

About SQI Diagnostics

SQI Diagnostics, Inc. is a precision medicine company that discovers, develops, manufactures and commercializes innovative rapid diagnostic testing for healthcare providers, patients and consumers worldwide. The Company’s proprietary advanced diagnostics target organ transplant, autoimmune disease and serological testing, which include a developmental COVID-19 Patient Triage Test (RALI-Dx) and a direct-to-consumer COVID-19 Antibody Test Kit. SQI’s rapid diagnostic tests are sold to healthcare professionals so that patients can get accurate results and fast effective treatment, and direct-to-consumers so that individuals can take action to improve their health outcomes from the comfort of their home.