Microsaic Systems plc
("Microsaic" or the "Company")
Microsaic Systems Signs Commercial Agreement with Leading Global Scientific Company to Create New Analytical Instruments based on 'Triple Quad' Technology
25 September 2014: Microsaic Systems plc (AIM: MSYS), the high technology company developing next generation mass spectrometry instruments, is pleased to announce the signing of its first OEM agreement for the development of a chip-based mass spectrometer based on its triple quadrupole ('triple quad') technology. The agreement is with a leading global scientific company for use in applied markets.
Colin Jump, Chief Executive of Microsaic Systems, commented:
"We are delighted to begin this major new OEM relationship following successful discussions about the application of our chip-based technologies. In general, our innovative technologies and products have the potential to make chemical analysis using mass spectrometry more accessible to lab scientists. Our triple quad technology extends this opportunity further to encompass the analysis of complex samples, and we look forward to a productive relationship with our new partner going forward."
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 |
About Microsaic Systems
Microsaic Systems Microsaic Systems plc is a high technology company developing and marketing next generation mass spectrometry (MS) instruments for the analysis of gaseous, liquid and solid samples. Microsaic has successfully miniaturised mass spectrometry by integrating the key MS components onto patented chip technologies called ionchip®, spraychip® and vac-chip™. Microsaic's MS products retain the speed and sensitivity of larger, conventional MS systems but are substantially smaller, lighter, consume less energy and have lower running costs. The Microsaic 4000 MiD is the world's smallest MS system.
Mass spectrometry is a 'gold-standard' analytical technique 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
