Microsaic Systems plc Exclusive Japan Distribution Agreement (7127V)
05 December 2019 - 6:00PM
UK Regulatory
TIDMMSYS
RNS Number : 7127V
Microsaic Systems plc
05 December 2019
5 December 2019
Microsaic Systems plc
("Microsaic" or the "Company")
Exclusive Japan Distribution Agreement with ST Japan Inc.
Microsaic Systems plc (AIM: MSYS), the developer of point of
need mass spectrometry ("MS") instruments, is pleased to announce
that it has signed an exclusive distribution agreement with ST
Japan Inc ("ST Japan") to distribute Microsaic's branded 4500
MiD(R) MS detector in Japan. The 4500 MiD is a robust and compact
MS detector with an integrated computer and vacuum pump, whose
small footprint and ease of use make it deployable anywhere within
laboratory or processing facilities.
Established in 1990, and with offices in Japan, the US, Europe
and South Korea, ST Japan designs and manufactures its own
laboratory equipment and software which it sells world-wide. These
include infrared, nuclear magnetic resonance, ultraviolet and Raman
analysis equipment and software which has application in multiple
markets for chemical and pharmaceutical analysis. ST Japan also
distributes OEM equipment for the Japanese market, which includes
mobile and portable analysis techniques.
Takao Nakagawa, President of ST Japan, added: "The Microsaic
4500 MiD(R) is a very interesting addition to our product platform
for our domestic market in Japan. We particularly see excellent
potential in at-line reaction monitoring applications in a range of
markets where industry wants reaction data in real-time and where
the cost of batch failure is potentially very high. There is no
other MS available which offers this potential in such a compact
footprint. We very much look forward to working with Microsaic in
the long term."
Glenn Tracey, CEO of Microsaic, commented: "I am extremely
pleased to partner with ST Japan to distribute our compact, point
of need MS technology, alongside their own impressive technology
portfolio, and highly relevant list of OEM products, specialising
in point of need and remote testing. With a staff of over 40
specialists world-wide, ST Japan has the in-depth technical
expertise, and full reach of end user applications, particularly in
applications such as at-line reaction monitoring in high-value
chemical and pharmaceutical manufacture and field analysis, or
"first-responder" and environmental analysis.
"Microsaic has a growing portfolio of partners in North America,
Europe, China, Korea, SE Asia, Australia and now also Japan. This
is a well-established market for analytical chemistry, and this
latest agreement with ST Japan marks another milestone in what we
expect to be a very exciting period of growth in international
deployments of Microsaic's technology."
Enquiries:
Microsaic Systems plc
Glenn Tracey, CEO
Bevan Metcalf, FD +44 (0) 1483 751 577
N+1 Singer (Nominated Adviser &
Broker)
Aubrey Powell / George Tzimas (Corporate
Finance)
Tom Salvesen (Corporate Broking) +44 (0)20 7496 3000
IFC Advisory Ltd (Financial PR)
Graham Herring
Florence Chandler +44 (0)20 3934 6630
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. The person responsible for
arranging this announcement on behalf of the Company is Glenn
Tracey, Chief Executive Officer.
About Microsaic Systems
Microsaic Systems plc (AIM: MSYS) is a high technology company
developing chip-based, bench-top and point-of-analysis mass
spectrometry ("MS") instruments that are designed to improve the
efficiency of pharmaceutical R&D and manufacturing. The Company
is working with established global life science companies to
co-develop new solutions to improve productivity in the development
of small molecule and novel biologic (peptides, antibodies)
medicines. MS is a powerful method of analysis to enable earlier
decision making relating to product identification, purity and
bioactivity, and is the analytical technique of choice for
biochemists across many industry sectors.
Microsaic's core product, the 4500 MiD(R), is a robust and
compact MS system, retaining the functionality of larger
conventional MS systems, is easier to use by non-specialists,
consumes less energy and has lower running costs. For more
information, please go to www.microsaic.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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