15th Aug 2018 11:46
LONDON (Alliance News) - DeepMatter Group PLC said Wednesday it signed contracts with three new unnamed organisations for its DigitalGlassware Pioneer programme, taking the total number of agreements signed to five.
DeepMatter shares were trading up 9.3% at 3.82 pence each on the back of the news.
The company, focused on digitising chemistry, said the new organisations include two universities and a US-based research centre.
"Entering into agreements with this range of target users reflects the company's previously described plan to select a range companies and institutions to trial its technology, allowing observation of technology performance in different operating environments and locations worldwide," DeepMatter explained.
The company's DigitalGlassware platform allows users to collect, store and process data generated from chemical experiments and gives them access to reproducible chemistry via internet protocols, the company explained.
Under the agreement, the companies will have access to the platform to perform the tests that they choose. They will also perform tests and experiments suggested by DeepMatter and provide feedback regarding the platform and possible improvements.
"The experiments and tests are contributing towards context rich data content, capable of being interrogated with artificial intelligence and machine learning algorithms, as well as exploring DigitalGlassware's full operating potential," DeepMatter said.
DeepMatter will announce its interim results on September 6.
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