18th Mar 2019 11:40
LONDON (Alliance News) - Microsaic Systems PLC said Monday it has signed a deal which will see its mass spectroscopy equipment integrated within the chromatography product of Biometrics Technologies Co Ltd.
Shares in Microsaic were 9.1% higher at 1.20 pence on Monday.
The original equipment manufacturer agreement with Biometrics, a provider of life science and analytical equipment, will see the Microsaic 4500 MiD mass spectroscopy detector integrated into the High Performance Liquid Chromatography equipment of Biometrics. Under the deal, these will be distributed in south east Asia, Korea and India.
No financial details of the deal were disclosed.
"I am very pleased to partner with BMT to integrate Microsaic's compact, point of need MS technology, with their HPLC products," Microsaic Chief Executive Officer Glenn Tracey said. "The team at BMT has the in-depth technical expertise and this agreement further extends our reach into Asia."
"Southeast Asia, India and Korea are attractive growth markets for analytical chemistry, and this marks another milestone in what we expect to be a very exciting period of growth", Tracey added. "Microsaic now has five distribution and four OEM agreements signed, opening markets for our products in North America, Europe, China, Taiwan, Southeast Asia, Korea and India."
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