Solexa breaks the one billion barrier
Genomics instruments developer, Solexa reports that its genome analysis system has achieved the 1G performance milestone, making it around 100 times faster than conventional technology.
1G refers to the system's ability to generate over one gigabase (one billion bases) of usable DNA sequence data per run.
Solexa said it had made a series of improvements in system throughput and accuracy including hardware refinements; more powerful computational algorithms yielding more high-quality reads; faster instrument software; and improved protocols yielding denser clusters.
The firm said it expects to begin recognizing revenue on the sale of instrument systems in the first quarter of 2007.
Providing an update on all of its accomplishments in Q4, the company also reported the completion of its early access commercialization phase, shipping 13 systems to ten customers in five countries throughout 2006. The company said it begun to invoice and receive payment from early access customers in the fourth quarter of 2006 and intends to make the system broadly available to customers in the current quarter.
The company said that a shareholders meeting to approve the agreed merger with Illumina would take place on January 26.