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StemCells, Inc. Launches Four New Human Neural Stem Cell Kits Under SC Proven(R) Brand

NEWARK, Calif., Oct. 16, 2012 (GLOBE NEWSWIRE) -- StemCells, Inc. (Nasdaq:STEM) announced today the launch of four new SC Proven human neural stem cell (NSC) kits for use in neuroscience research. Each kit will contain high purity, multipotent NSCs derived from a different area of the human central nervous system (CNS), and will provide researchers with a reproducible and scalable serum-free platform with which to perform a broad range of assays.  With these kits, researchers will now have the ability to compare and contrast the biological, functional and neural differentiation properties of human NSCs isolated from specific CNS regions, as well as to screen for the effects of different compounds on such cells. 1,2

"These kits represent the first in a new family of human cell-centric products we are adding to the SC Proven portfolio to provide researchers with a unique set of tools to realize the promise of regenerative medicine," said Stewart Craig, Ph.D., Senior Vice President, Development and Operations at StemCells, Inc. "Stem cell research is flourishing and these kits will enable investigators to derive and characterize human neural lineage cells using published methods, or the ability to customize their own assay formats up to and including scale-up for non-commercial screening applications."

Kits containing multipotent human NSCs derived from Hindbrain (HNS-HIN-001), Cortex (HNS-COR-001), Spinal Cord (HNS-SPI-001), and Mid-forebrain (HNS-MIF-001), and RHB-A®, StemCells Inc.'s proprietary serum-free cell culture medium, are now available. For a limited time a special discount of 20% can be obtained when placing an online order with the Discount Code JAV66.

References

1 Hook L, et al., Non-immortalized human neural stem cells as a scalable platform for cellular assays. Neurochem Int. 2011 59(3): 432-44.

2 McLaren D, et al., Automated large-scale culture and medium-throughput chemical screen for modulators of proliferation and viability of human Induced Pluripotent Stem Cell-derived Neuroepithelial-like Stem Cells. J Biomol Screen. Oct 4: 2012 doi:10.1177/1087057112461446.

About SC Proven Products

The SC Proven product portfolio comprises a range of products for the detection, isolation, expansion, differentiation, and characterization of a variety of different human and animal cell types. The entire SC Proven product catalog and online ordering can be found at www.scproven.com

About StemCells, Inc.

StemCells, Inc. is engaged in the research, development, and commercialization of cell-based therapeutics and tools for use in stem cell-based research and drug discovery. The Company's lead therapeutic product candidate, HuCNS-SC® cells (purified human neural stem cells), is currently in development as a potential treatment for a broad range of central nervous system disorders, including Pelizaeus-Merzbacher disease (PMD), a fatal myelination disorder, chronic spinal cord injury, and dry age-related macular degeneration (AMD). StemCells also markets a range of stem cell research products under the SC Proven® brand ( www.scproven.com ), and offers contract cell process development and production services (cellservices@stemcellsinc.com). Further information is available at www.stemcellsinc.com .

The StemCells, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7014

Apart from statements of historical fact, the text of this press release constitutes forward-looking statements within the meaning of the U.S. securities laws, and is subject to the safe harbors created therein. These statements include, but are not limited to, statements regarding the future business operations of StemCells, Inc. (the "Company"); the timing and prospect for the launch of future SC Proven products; the Company's ability to develop new products for the stem-cell research market; and the Company's ability to continue generating revenues from its SC Proven business. These forward-looking statements speak only as of the date of this news release. The Company does not undertake to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof. Such statements reflect management's current views and are based on certain assumptions that may or may not ultimately prove valid. The Company's actual results may vary materially from those contemplated in such forward-looking statements due to risks and uncertainties to which the Company is subject, including uncertainties regarding the Company's ability to grow its SC Proven business and compete successfully against better funded and better known companies in the research tools market; uncertainties regarding the Company's ability to obtain the increased capital resources needed to continue its current and planned operations; uncertainties regarding the validity and enforceability of the Company's patents and ability to secure such licenses or other intellectual property rights as may be necessary to commercialize its products; and other factors that are described under the heading "Risk Factors" disclosed in Part I, Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and in its subsequent reports on Form 10‑Q and Form 8‑K.
CONTACT: Rodney Young
         StemCells, Inc.
         Chief Financial Officer
         (510) 456-4128
         
         Ian Stone
         Russo Partners
         (619) 308-6541

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