CombiMatrix (CBMX) Hires Baird As Financial and Strategic Advisor

September 16, 2009 6:53 AM EDT

CombiMatrix Corporation (Nasdaq: CBMX) engaged Robert W. Baird & Co. (Baird) to serve as a financial and strategic advisor. Baird will aid CombiMatrix in developing and reviewing certain strategies aimed at unlocking shareholder value and creating synergistic relationships for CombiMatrix.

Dr. Amit Kumar, President and CEO of CombiMatrix stated, "We are pleased to be working with Baird in this activity. CombiMatrix is at a major inflection point in its business plan, and we look forward to the advice provided by Baird in developing and evaluating certain corporate-level opportunities."

CombiMatrix does not currently plan to provide updates on such corporate opportunities until the process is completed or terminated, unless required by applicable rules or regulations.


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