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Cepheid Announces Preliminary 2008 Fourth Quarter and Full Year Revenue Results
Date:1/13/2009

All forward-looking statements and reasons why results might differ included in this release are made as of the date of this press release, based on information currently available to Cepheid, and Cepheid assumes no obligation to update any such forward-looking statement or reasons why results might differ.

     CONTACTS:
     For Media Inquiries:                For Investor Inquiries:
     Jared Tipton                        Jacquie Ross
     Cepheid Corporate Communications    Cepheid Investor Relations
     Tel: (408) 400-8377                 Tel: (408) 400-8329
     jared.tipton@cepheid.com            jacquie.ross@cepheid.com

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9. Cepheid to Webcast Upcoming Financial Presentations
10. Cepheid Introduces GeneXpert(R) Infinity-48 System at 2008 American Association of Clinical Chemistry Meeting
11. Cepheid Reports Second Quarter Revenue of $42.1 Million
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