January 27, 2010 (FinancialWire) — CombiMatrix Corp. (NASDAQ: CBMX) appointed Mark McGowan to the company’s board of directors, effective January 21, 2010.

McGowan is the managing member of SAF Capital Management LLC, a value-oriented investment firm which he founded in November 2006. Prior to forming SAF Capital Management LLC, McGowan was Co-founder and Managing Partner of MPG Capital Management LLC, an equity market research firm which derived and licensed statistically validated algorithmic trading models and investment strategies for wealthy individuals and institutional investors.

He previously worked within the Consumer and Market Knowledge function of Procter & Gamble, where he was instrumental in shaping marketing strategies for multiple brands, as well as leading Market Mix Modeling and the development of macroeconomic forecasting capabilities within Procter & Gamble’s Homecare division. He received his Bachelor of Science in Microbiology, with a focus in Genomics and Molecular Genetics, from Michigan State University.

CombiMatrix Corp. is a diversified biotechnology business that develops proprietary technologies, including products and services in the areas of drug development, genetic analysis, molecular diagnostics, nanotechnology and defense and homeland security markets, as well as in other potential markets where our products and services could be utilized.

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