Electronic and Electrical Equipment
By Josh White
Date: Thursday 05 Dec 2019
LONDON (ShareCast) - (Sharecast News) - Mass spectrometry instruments developer Microsaic Systems has signed an exclusive distribution agreement with ST Japan to distribute its branded '4500 MiD MS' detector in Japan, it announced on Thursday.
The AIM-traded firm described the 4500 MiD as a "robust and compact" small footprint mass spectrometry (MS) detector with an integrated computer and vacuum pump.
It said that ST Japan, which was established in 1990 and had offices in Japan, the United States, Europe and South Korea, designs and manufactures its own laboratory equipment and software which it sells globally.
Those included infrared, nuclear magnetic resonance, ultraviolet and Raman analysis equipment and software, which had application in multiple markets for chemical and pharmaceutical analysis.
ST Japan also distributes original equipment manufacturer (OEM) equipment for the Japanese market, which includes mobile and portable analysis techniques.
"The Microsaic 4500 MiD is a very interesting addition to our product platform for our domestic market in Japan," said ST Japan president Takao Nakagawa.
"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."
Nakagawa said there was no other MS available which offered that potential in such a compact footprint.
"We very much look forward to working with Microsaic in the long term."
Glenn Tracey, chief executive officer of Microsaic, added that he was "extremely pleased" to partner with ST Japan to distribute its point-of-need MS technology, alongside their own technology portfolio and "highly relevant" list of OEM products.
"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."
At 1148 GMT, shares in Microsaic Systems were up 6.39% at 0.85p.
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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 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:24 | 40,000 @ 0.80p |
08:08 | 19,069 @ 0.84p |
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