Microsaic Systems plc
("Microsaic" or the "Company")
Microsaic Systems Signs Commercial Agreement with Gilson Inc. to Create New Analytical Instruments for the Pharmaceutical and Life Science Industries
29 September 2014: Microsaic Systems plc (AIM: MSYS), the high technology company developing next generation mass spectrometry instruments, is pleased to announce the signing of a commercial agreement with Gilson Inc., a leading international scientific instrumentation company, to create new analytical instruments for the pharmaceutical and life science industries.
Under the terms of the agreement, Microsaic with provide its miniature mass spectrometer - the Microsaic 4000 MiD® - as an Original Equipment Manufacturer (OEM). Gilson will combine the 4000 MiD® with its high performance liquid chromatography instruments to create a new product for the rapid separation and characterisation of liquid samples in pharmaceutical research and development.
Microsaic anticipates commencing shipments of its 4000 MiD® to Gilson in Q1 2015 with volumes rising to approximately 50 units per year in due course. The selling price per unit is in line with the Board's expectations. Further details are not disclosed.
Colin Jump, Chief Executive of Microsaic Systems, commented:
"We are delighted to begin this new OEM relationship with Gilson, an industry leader in manufacturing manual and automated liquid sample management products. This agreement represents the achievement of another milestone for the company towards its goal of becoming a leader in the miniaturised instrumentation market. We have high quality global partners for our products addressing an increasing proportion of our target market and continue productive discussions with other potential partners, which we anticipate will progress to agreements in the future."
Nicolas Paris, Chief Executive of Gilson, Inc. commented:
"The combination of Gilson's systems flexibility and the Microsaic 4000 MiD® detector brings the power of MS purification to non mass-spec experts in a very innovative, affordable and easy-to-use package. We, at Gilson, are convinced this agreement will help our customers to simplify their sample prep workflows with a better and more routine mass spec solution."
Contacts
Microsaic Systems Colin Jump, CEO |
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 Gilson
Gilson provides high quality, dependable solutions for today's demanding liquid chromatography, solid phase extraction, gel permeation chromatography clean-up requirements, and manual liquid handling, including the world-renowned PIPETMAN® brand. Gilson has worldwide sales and service supporting the pharmaceutical, biotech, environmental, clinical, food & beverage, and forensic markets. Gilson's innovative products revolutionize the lab; providing the durability, flexibility, modularity and ease-of-use the industry has come to expect from Gilson.
For more information about Gilson products and services, visit www.gilson.com.
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
