Axia Leads Later Stage Equity Financing for Innovative Microplate
Company will use funds to finance its explosive growth

December 19, 2002
For Immediate Release

Chicopee, Mass., Innovative Microplate, Inc. is pleased to announce that it has raised a later stage equity round of financing to provide for its working capital needs and fuel growth. The amount of equity financing which was led by Axia Capital Partners (Axia), a private equity firm, was not disclosed. In connection with the financing, Peter A. Hunter, a managing partner of Axia, has been appointed as CEO to assist in managing the Company’s growth.

About Axia Partners
Axia Partners (www.axia-partners.com) is a private equity investment and advisory firm that is dedicated to increasing the equity value of our portfolio companies and clients through active participation that leverages the operational experience and in-depth market knowledge of our General Partners. Axia operates as both a private equity investment firm through Axia Capital and as financial advisors through Axia Advisors. Axia is unique in that we focus on these small to midsize transactions in the markets where we have demonstrated, real-world experience.

About Innovative Microplate
Innovative Microplate is a leading supplier of high quality application specific microplates, filter plates and other storage devices to the biopharmaceutical industry. Innovative Microplate has developed an unprecedented capability to meet the exceptional time-to-market demands of its customers with its proprietary design and production resources.


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