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Ernst & Young announces Labcyte Inc. CEO and President Mark Fischer-Colbrie and Co-Founder Rich Ellson as the Entrepreneur Of The Year® 2013 Award winner in Northern California

Ernst & Young LLP announced that Mark Fischer-Colbrie, CEO and President, and Rich Ellson, Co-Founder of Labcyte Inc., received the Ernst & Young Entrepreneur Of The Year® 2013 Award in the Life Sciences category in Northern California. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Mark and Rich were selected by an independent panel of judges, and the award was presented at a special gala on June 22nd at The Fairmont San Francisco.

July 24, 2013

Sunnyvale, CA

SUNNYVALE, Calif.July 24, 2013─Ernst & Young LLP announced that Mark Fischer-Colbrie, CEO and President, and Rich Ellson, Co-Founder of Labcyte Inc., received the Ernst & Young Entrepreneur Of The Year® 2013 Award in the Life Sciences category in Northern California. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Mark and Rich were selected by an independent panel of judges, and the award was presented at a special gala on June 22nd at The Fairmont San Francisco.

“We are very honored by this award. It reflects the fundamental impact that the Labcyte technology is having in all areas of life science,” said Mark Fischer-Colbrie. “Using sound waves to move liquids is vastly superior to traditional techniques. As a result, our systems have helped discover new compounds for cancer treatments and improved diagnostics while lowering costs. In the area of personalized medicine, the use of Labcyte systems is leading to the possibility of rescuing leukemia patients whose chemotherapy is not working.”

“From the start of the company in a garage in Silicon Valley, we have made tremendous advancements, with our systems being used by the world’s top pharmaceutical firms,” said Rich Ellson. “In addition to having incomparable precision and accuracy from using focused sound waves to transfer liquids in volumes as low as a billionth of a liter, we have learned how to use sound to analyze the characteristics of the fluid to automatically determine the proper amount of power to apply. This invention makes it possible for acoustic dispensing to become an essential part of all of life science research and discovery.”

Now in its 27th year, the Ernst & Young Entrepreneur Of The Year Program has honored the inspirational leadership of such entrepreneurs as Jeff Bezos of Amazon.com, Michael Dell of Dell Inc., Herb Kelleher of Southwest Airlines, Fred Smith of FedEx, Larry Page and Sergey Brin of Google, Richard Schulze of Best Buy, Andrew Mason of Groupon, Mindy Grossman of HSN, Inc., Reid Hoffman and Jeff Weiner of LinkedIn, and many more

As a Northern California award winner, Mark and Rich are now eligible for consideration for the National Entrepreneur Of The Year 2013 Award. Award winners in several national categories, as well as the National Entrepreneur Of The Year Overall Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 16, 2013. The awards are the culminating event of the Ernst & Young Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.

About Labcyte: Labcyte, a global biotechnology tools  company headquartered in Sunnyvale, California, is revolutionizing liquid handling. Echo liquid handling systems use sound to precisely transfer liquids without contact, eliminating the use of pipettes. Labcyte instruments are used worldwide throughout the pharmaceutical industry, as well as by biotechnology firms, contract research organizations, and academic institutions. Our customers work across a wide spectrum of scientific research, including drug discovery, genomics, proteomics, diagnostics, personalized medicine, and imaging mass spectrometry. Labcyte has 64 global patents, along with additional filings. For more information, visit www.labcyte.com.

Sponsors: Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored in the United States by SAP America and the Ewing Marion Kauffman Foundation. In Northern California, sponsors include Goodwin Procter, Littler, RoseRyan, Scherzer International, Smart Business Network, Inc., and The Big Picture.

About Ernst & Young’s Entrepreneur of The Year: Ernst & Young’s Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award recognizes the significant contributions of entrepreneurs who inspire others with their vision, leadership and achievement.

About Ernst & Young LLP’s Strategic Growth Markets practice: Ernst & Young LLP’s Strategic Growth Markets (SGM) practice guides leading high-growth companies. Our multidisciplinary team of elite professionals provides perspective and advice to help our clients accelerate market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. Ernst & Young is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate. For more information, please visit us at ey.com/us/strategicgrowthmarkets, or follow news on Twitter at EY_Growth.

About Ernst & Young: Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit ey.com.




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