Microsaic Systems (MSYS)

Sector:

Electronic and Electrical Equipment

 0.85p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.06p
  • 52 Week Low: 0.80p
  • Currency: UK Pounds
  • Shares Issued: 179.18m
  • Volume: 109,069
  • Market Cap: £1.52m

Microsaic expands in Asia with OEM deal

By Josh White

Date: Monday 18 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Mass spectrometry instrument developer Microsaic Systems has signed an original equipment manufacturer (OEM) agreement with Biometrics Technologies (BMT) for the integration of the 'Microsaic 4500 MiD' MS detector with BMT's 'High Performance Liquid Chromatography' (HPLC) equipment, for distribution in southeast Asia, Korea and India.
The AIM-traded firm described BMT, established in 2013, as a specialist OEM provider of life science and analytical equipment.

It designs, develops and integrates high-technology scientific instrumentation, with markets in southeast Asia, Taiwan, Korea, the Middle East, and Oceana.

"I am very pleased to partner with BMT to integrate Microsaic's compact, point of need MS technology, with their HPLC products," said Microsaic Systems chief executive officer Glenn Tracey.

"The team at BMT has the in-depth technical expertise and this agreement further extends our reach into Asia."

Tracey said southeast Asia, India and Korea were "attractive" growth markets for analytical chemistry, with the deal marking a milestone in what the board expected to be a "very exciting" period of growth.

"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.

"We work exclusively with local partners, knowledgeable in separation and MS technologies.

"Our strategy continues to be focused on business development in all key geographies."

Roger Chung, managing director of BMT, added that by integrating with Microsaic's technology, his company would be launching an "entirely new" product line, enabling it to offer customers a total solution, improve its customers' research efficiency and offer a more ecologically friendly product.

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MSYS Market Data

Currency UK Pounds
Share Price 0.85p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.06p
52 Week Low 0.80p
Volume 109,069
Shares Issued 179.18m
Market Cap £1.52m

MSYS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.88% below the market average62.88% below the market average62.88% below the market average62.88% below the market average62.88% below the market average
48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average
Price Trend
83.25% below the market average83.25% below the market average83.25% below the market average83.25% below the market average83.25% below the market average
72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average
Income Not Available
Growth
27.81% above the market average27.81% above the market average27.81% above the market average27.81% above the market average27.81% above the market average
21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average

MSYS Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:24 40,000 @ 0.80p
08:08 19,069 @ 0.84p

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