BioE Wins Upside Minnesota Magazine's Business Builder Award

Company honored for leveraging platform cell separation technology to discover rare stem cell

ST. PAUL, Minn.  BioE®, Inc., a biomedical company providing non-embryonic, human stem cells, announced today it won Upsize Minnesota magazine’s 2005 Business Builder Award in the “Best Practices in Technology & Innovation” category. A panel of judges selected BioE among four other finalists at the annual Upsize Business Builder Awards and Seminar, which featured six interactive presentations from 30 of Minnesota’s savviest small-business owners about how to apply best practices for building a business.

“Our Business Builder Awards program is designed to recognize the hard work and ingenious efforts of Minnesota-based small businesses,” said Beth Ewen, editor for Upsize Minnesota. “We are pleased to honor BioE this year as our Best Practices in Technology & Innovation category winner.” The magazine cited BioE for its ability to leverage a platform technology to discover a rare stem cell that will help the company drive initial and incremental revenue.

“We are thrilled to be the recipient of an Upsize Business Builder Award,” said Michael Haider, president and chief executive officer for BioE. “Our pioneering work to develop innovative stem cell tools and technologies using our platform PrepaCyte® cell separation technology is clearly paying dividends. Its utilization allowed us to discover and commercialize our Multi-Lineage Progenitor Cell™ (MLPC™), a novel stem cell derived from human umbilical cord blood whose characteristics present pharmaceutical and biotechnology companies and institutional researchers a new and robust tool for high-throughput drug screening and therapeutic research.”

This year’s Upsize Business Builder Award recipients will be profiled in the publication’s December 2005 issue.

About BioE
Headquartered in St. Paul, Minn., BioE is a biomedical company providing enabling non-embryonic, human stem cells. Privately owned and founded in 1993, the company’s Cell Biologics — including BioE’s novel Multi-Lineage Progenitor Cell (MLPC) — provide a non-controversial therapeutic research alternative to embryonic stem cells and less-plastic adult stem cells, and significantly enhance high-throughput drug discovery and screening processes. For more information about BioE, please visit www.bioe.com or call (800) 350-6466.

About the Upsize Business Builder Awards and Seminar
The Upsize Business Builder Awards and Seminar is designed to recognize the hard work and ingenious efforts of Minnesota-based small businesses with fewer than 100 employees. The event highlights 30 organizations in the categories of finance and operations, people and workplace, technology and innovation, customer relations, community impact, and communications and marketing. A company in each category is distinguished with an Upsize Business Builder award. In addition, one company is named the Upsize Business Builder of the Year based on certified revenues and innovative growth strategies.

About Upsize Minnesota
Upsize Minnesota, founded in 2002, is the only Minnesota-based how-to magazine dedicated to helping small business owners and top managers build bigger and more profitable companies. In 10 issues each year, Upsize provides expert advice on enhancing a company’s competitiveness and growth, and real-life stories from the owners who are driving results at their businesses. For more information, visit www.upsizemag.com.