Cronin Group PLC First Pioneer Agreement Signed (6315K)
12 April 2018 - 4:00PM
UK Regulatory
TIDMCRON
RNS Number : 6315K
Cronin Group PLC
12 April 2018
12 April 2018
Cronin Group Plc
("Cronin" or the "Company")
First Pioneer Agreement Signed
The Company enters into its first Pioneer Agreement with an
Industrial Partner
Cronin Group, the AIM listed company focusing on digitizing
chemistry, announces that following its announcement on 6th
February 2018 that it had entered into Memoranda of Understanding
("MoUs") with two leading international life science reagent and
chemicals manufacturers, it has now signed a full evaluation
agreement to be conducted during 2018 with the first of these
companies as part of its DigitalGlassware(TM) Pioneer
Programme.
The Company's DigitalGlassware(TM) platform, comprising a
powerful and easy-to-use software interface with a unique, low
footprint sensor array, collects, stores and processes data
generated from chemical experiments and allows access to
reproducible chemistry via internet protocols. Data analysis need
not just be performed retrospectively, but in real-time and
a-priori, delivering back to the users, data which when combined
with artificial intelligence and machine learning technologies, has
the potential to dramatically increase reproducibility and provide
unique insights.
Cronin has identified a select number of leading companies and
institutions involved in the field of chemistry to participate in
its pioneer programme. The purpose of the programme is to trial the
Company's technology with the full range of target users, allowing
the Company to observe its performance in different operating
environments and locations worldwide. These observations will
contribute towards future technology optimisation, prior to wider
dissemination to target users. The Pioneer companies will also
assess the performance of the DigitalGlassware(TM) platform,
specifically to understand how it can help improve the outcomes of
chemical processes, including precision and reproducibility, with
an eye to how the technology can help in discovering/enabling new
synthetic routes and chemical entities.
For further information:
Cronin Group Plc www.croningroupplc.com
Mark Warne, Executive Chairman T: 0141 465 6871
Stockdale Securities Limited T: 020 7601 6100
Tom Griffiths/Edward Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
END
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