On February 15, 2019, HTG Molecular Diagnostics, Inc. (the “ Company ” ) and QIAGEN Manchester Limited ( “ QML ” ), a U.K. corporation and wholly owned subsidiary of QIAGEN N.V., entered a fourth amendment of the second statement of work ( “ SOW Two ” ) under the parties’ Master Assay Development, Commercialization and Manufacturing Agreement, effective as of February 5, 2019 (such amendment, the “Fourth SOW Two Amendment”). SOW Two, dated October 2017, was previously amended on August 8, 2018, August 18, 2018, and September 27, 2018.

SOW Two relates to a project for which the Company and QML are performing collaborative development services for what is expected to be a multi-stage project leading to the potential development and commercialization of a companion diagnostic assay in support of one or more therapeutic development and commercialization programs of a biopharmaceutical company partner. The Fourth SOW Two Amendment contemplates the use of the investigational use only (“IUO”) assay developed in the previous phases of SOW Two in multiple pharma clinical trials and additional development activities which potentially could be included in a future companion diagnostic regulatory submission.

The development activities to be performed under the Fourth SOW Two Amendment are expected to be completed by the end of 2019. QML has agreed to pay the Company development fees in the low, single-digit millions of dollars for the additional assay development activities. In addition, the Company and QML will share in any net profits (as determined under the Master Assay Development, Commercialization and Manufacturing Agreement) generated by this next phase development work.

QIAGEN North American Holdings, Inc., a wholly owned subsidiary of QIAGEN N.V., owns 833,333 shares of the Company ’ s common stock, and holds a Subordinated Convertible Promissory Note issued by the Company in the principal amount of $3.0 million.

Forward Looking Statements

Statements contained in this report regarding matters that are not historical facts are “ forward-looking statements ” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the anticipated benefits or outcomes of SOW Two, as amended, and the potential development and commercialization of a companion diagnostic assay. Words such as “ believes, ” “ anticipates, ” “ plans, ” “ expects, ” “ intends, ” “ will, ” “ goal, ” “ potential ” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements necessarily contain these identifying words. These forward ‑ looking statements are based upon management ’ s current expectations, are subject to known and unknown risks, and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, including, without limitation, the risk that the activities contemplated by SOW Two, as amended, may not be performed as expected, or at all, the risk that the work to be performed under SOW Two, as amended, may not support additional clinical trials or the development and commercialization of a companion diagnostic assay, risks associated with our ability to successfully commercialize our products; the risk that our products and services may not be adopted by biopharmaceutical companies or other customers as anticipated, or at all; our ability to manufacture our products to meet demand; the level and availability of third party payor reimbursement for our products; our ability to effectively manage our anticipated growth; our ability to protect our intellectual property rights and proprietary technologies; our ability to operate our business without infringing the intellectual property rights and proprietary technology of third parties; competition in our industry; additional capital and credit availability; our ability to attract and retain qualified personnel; and product liability claims. These and other factors are described in greater detail in our filings with the Securities and Exchange Commission, including without limitation our Quarterly Report on Form 10-Q for the quarter ended September 30, 2018. All forward-looking statements contained in this press release speak only as of the date on which they were made, and we undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.