Microsaic Systems plc
("Microsaic", "Microsaic Systems" or the "Company")
Microsaic Systems selects Plexus for commercial manufacture of Microsaic's 4000 MiD® analytical instrument
9 September 2014
Microsaic Systems plc (AIM: MSYS), the developer of chip-based scientific instruments, announces it has entered into an agreement with Plexus Corp. (NASDAQ: PLXS) for Plexus to provide manufacturing solutions so that Microsaic's ability to scale up output rapidly is significantly improved.
Colin Jump, Chief Executive of Microsaic Systems, added, "Outsourcing the manufacture of the 4000 MiD® has been a key strategic aim and we have made considerable investment over the last year to ensure that we are in a position to hand this over to our chosen partner in preparation for production scale up. Plexus represents an excellent strategic fit for Microsaic. Its track record and customer base are world class and through this agreement we gain the ability to optimise and scale our manufacturing to meet the increasing demand for our products now and in the future."
Contacts
Microsaic Systems Colin Jump, CEO Andrew Darby, FD |
Via Citigate Dewe Rogerson |
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker) |
+44 (0)20 7260 1000 |
Citigate Dewe Rogerson (Financial PR) Mark Swallow, Malcolm Robertson, Chris Gardner |
+44 (0)20 7282 2948/2867/2995 [email protected] |
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About Plexus Corp. - The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfilment and sustaining services to deliver comprehensive end-to-end solutions for customers in the America, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 140 branded product companies in the Networking/Communications, Healthcare/Life Sciences, Industrial/Commercial and Defence/Security /Aerospace market sectors.
About Microsaic Systems
Microsaic Systems develops and sells chip-based scientific instruments for the chemical identification of substances. The Company's products are based on the 'gold-standard' scientific technique of mass spectrometry.
Microsaic Systems has developed a miniaturised mass spectrometer based on its patented, chip-based technologies (ionchip®, spraychip® and vac-chip™), that is smaller, lighter, quieter, more energy efficient and cheaper to run than conventional mass spectrometer systems.
Mass spectrometry is used across many industry sectors, including government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3 billion in 2012.
Microsaic Systems was established in 2001 by a team including founders from Imperial College London, and was admitted to AIM in April 2011 under the symbol MSYS.
www.microsaic.com
