Tripos And United Devices Announce PartnershipCustomer Demand for Grid-Ready Life Science Applications Drives CollaborationST. LOUIS and AUSTIN, TX, September 9, 2003 Tripos, Inc. (Nasdaq: TRPS), a leading provider of drug discovery informatics products and chemistry research, and United Devices, the market leader in secure grid solutions, today announced plans to grid-enable Tripos' virtual screening applications to operate on United Devices' grid computing platform. "This collaboration is a major step forward for the life sciences community," said Amith Viswanath, industry manager, Healthcare and Life Sciences IT at Frost and Sullivan. "More and more companies are recognizing that end user applications must become merged with a grid middleware backbone to drive the next generation of research. The main end result of such convergence is a significant increase in research scope, greater data access capabilities across the enterprise and a reduction in overall workflow costs." Tripos combines information technology and scientific research to optimize and accelerate its customers' molecular research for new drug discovery. Its customers include the majority of the world's pharmaceutical companies. "As a leading provider of discovery software products and services and chemistry research to the life science industries, we have spent the past two decades staying ahead of the technology curve to better serve our customers," said Edward Hodgkin, Tripos vice president of marketing and business development. "This alliance with United Devices is another way in which we are meeting industry needs." "It is exciting to couple the proven scientific benefits of Tripos' software with the speed and scope of research attainable on a grid platform," said Paul Kirchoff, United Devices' vice president of marketing and business development. "Both companies are eager to respond to this growing customer need." They will work together to port *FlexX, *FlexX-Pharm and *FlexE, programs that allow virtual screening of compound databases by rapidly docking flexible ligands at active sites, and Unity 3D software that provides fast, conformationally flexible 3-D searching of chemical databases to United Devices' Grid MP platform. This collaboration will offer scientists even more applications to run on their enterprise or on-demand grids. United Devices Grid MP Enterprise platform is currently being used by companies such as Novartis and Sanofi~Aventis to accelerate and define drug discovery as well as by researchers at the University of Purdue and the University of Texas to harness the latent power of existing compute resources. Both Tripos and United Devices are exhibiting at the 226th American Chemical Society National Meeting, being held at the Jacob K. Javits Convention Center in New York City from Sept. 7-11. About Tripos, Inc.Tripos (Nasdaq: TRPS) combines leading-edge technology and innovative science to deliver consistently superior chemistry-research products and services for the biotechnology, pharmaceutical and other life science industries. Tripos partners with clients to accelerate and improve the creation of life-enhancing products. Within Tripos' Discovery Informatics (DI) business, the company provides software products and consulting services to develop, manage, analyze and share critical drug discovery information. Within Tripos' Discovery Research (DR) business, Tripos' medicinal chemists and research scientists partner directly with clients in their research initiatives, leveraging state-of-the-art information technologies and research facilities. Headquartered in St. Louis, Mo., Tripos spans the world with global research operations and an international client base. Further information on Tripos can be found at www.tripos.com/.About United DevicesUnited Devices is the market leader in secure grid solutions. The company's Grid MP platform is used to aggregate compute resources on a network to create an enterprise grid capable of running a wide range of high-performance computing applications in life sciences, geosciences, manufacturing, financial services, chemical engineering and other industries. The company's solutions are available in both enterprise and on-demand deployments. United Devices also operates the world's largest Grid for grand-scale research that consists of more than 2 million devices in over 220 countries. For more information on secure grid solutions, visit the United Devices Web site www.ud.com To volunteer your idle compute power, visit www.grid.org.The Grid MP platform and Grid MP Enterprise are trademarks of United Devices. *Tripos distributes FlexX, FlexX-Pharm and FlexE programs for BioSolveIT GmbH. Unity 3D, and Unity Base are trademarks of Tripos, Inc. Statements made by the companies in this press release may contain certain statements that are forward-looking and involve risks and uncertainties. Words such as "expects," "anticipates," "projects," "estimates," "intends," "plans," "believes," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on current expectations and projections made by management and are not guarantees of future performance. Therefore, actual events, outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. We have identified certain factors that could cause actual results to differ materially from the forward-looking statements in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and our Current Reports on Form 8-K. Except as otherwise required under federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. |
