Microsaic Systems plc Exclusive Japan Distribution Agreement (7127V)

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                            [phone] 
  N+1 Singer (Nominated Adviser & 
   Broker) 
   Aubrey Powell / George Tzimas (Corporate 
   Finance) 
   Tom Salvesen (Corporate Broking)             [phone] 
 IFC Advisory Ltd (Financial PR) 
  Graham Herring 
  Florence Chandler                             [phone] 
 

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.

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December 05, 2019 02:00 ET (07:00 GMT)