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Share Name Share Symbol Market Type Share ISIN Share Description
Microsaic Systems Plc LSE:MSYS London Ordinary Share GB00B547ZY09 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -6.45% 0.145 0.14 0.15 0.16 0.145 0.155 14,867,402 09:12:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.2 -2.6 -0.5 - 9

Microsaic Systems plc Update on DeepVerge Collaboration

21/10/2021 7:00am

UK Regulatory (RNS & others)


Microsaic Systems (LSE:MSYS)
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RNS Number : 7339P

Microsaic Systems plc

21 October 2021

21 October 2021

Microsaic Systems plc

("Microsaic" or the "Company")

Update on DeepVerge Collaboration

Microsaic (AIM: MSYS), is pleased to note the update by DeepVerge plc (AIM: DVRG) ("DeepVerge") provided today regarding their orders for pathogen monitoring equipment for shipment this year to partners and customers in UK, India and China, which includes upgrades to DeepVerge Modern Water Microtox(R) PD(1) units and Microsaic mass spectrometer units. Configurations of the Microsaic equipment will be included in these orders to DeepVerge for the integrated detection of PFASs (Per- and Polyfluoroalkyl Substances or 'forever chemicals'), as referenced in previous Microsaic announcements on 25 May and 23 August, 2021. This monitoring capability forms part of broader integrated solutions offered by DeepVerge for monitoring toxicity and heavy metal pollutants as well as the prevalence of SARS-CoV-2 as part of the ongoing pandemic response.

Glenn Tracey, CEO of Microsaic commented:

"We are greatly encouraged to see the results of our collaboration with DeepVerge translating into early demand for Microsaic mass spectrometer units as part of a new point-of-need monitoring solution, providing the capability for real-time monitoring of PFASs or 'Forever Chemicals'. In addition, working with DeepVerge teams in York, UK and Cork, Ireland we can already see an important contribution being made in the use of our micro-engineering expertise in ongoing development and upgrading of DeepVerge Modern Water equipment, especially in the integrated approach to Artificial Intelligence ("AI") between our technologies.

"While small in terms of initial impact for Microsaic, we see these initial shipments as having the potential to seed further demand in key locations, particularly in India and China over time. The power of these surveillance solutions lies in their multi-tiered approach to environmental monitoring and control, from pandemic response (pathogen detection) to toxicity and chemicals of concern, and in their ability to monitor data on an ongoing basis, recognising early threats and indicative patterns using AI."

Microsaic notes that DeepVerge is a related party under the AIM Rules for Companies and its independent directors will review the details of any order(s) received from DeepVerge for its equipment when further details are made available in due course.

(1) Microtox(R) PD has been designed to be retrofitted into existing Modern Water equipment to detect and identify a range of infectious viruses and bacteria including SARS-CoV-2, E.coli, Legionella and Cryptosporidium, on a single chip, using AI, in real-time

 
 Enquiries: 
 Microsaic Systems plc 
  Glenn Tracey, CEO / Bevan Metcalf, 
  FD                                       +44 (0)1483 751 577 
 Singer Capital Markets 
  (Nominated Adviser & Joint Broker)       +44 (0)20 7496 3000 
 Aubrey Powell / Tom Salvesen / 
  George Tzimas 
 Turner Pope Investments (TPI) Limited 
  (Joint Broker) 
  Andy Thacker / James Pope               +44 (0) 20 3657 0050 
 
 

About Microsaic

Microsaic listed on AIM in 2011 to develop and commercialise micro-engineering chip-based mass spectrometry equipment. Microsaic has a robust patent portfolio in cutting-edge technology purpose built for "Industry 4.0" which enables analytical detection and characterisation at the point-of-need, whether within a human health environment, conventional laboratory setting, or within a bioprocessing facility for continuous mass spectrometer detection and monitoring of data at any step in the process workflow .

About DeepVerge plc (www.deepverge.com)

DeepVerge is an environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins. DeepVerge is utilising artificial intelligent data analytics to prove scientifically the impact of skincare product claims on skin microbiome for most of the top 20 global cosmetic company clients and to detect remotely, and identify in real-time, dangerous pathogens in wastewater treatment plants, drinking water, rivers, lakes and reservoirs.

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October 21, 2021 02:00 ET (06:00 GMT)

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