Microsaic Systems signs exclusive agreement with ST Japan
on Thursday signed an exclusive distribution agreement with ST Japan Inc to distribute Microsaic's branded 4500 MiD® mass spectrometry (MS) detector in Japan.
ST Japan designs and manufactures laboratory equipment and software which it sells world-wide, with offices in Japan, the US, Europe and South Korea.
The 4500 MiD is a compact MS system which consumes less energy but retains the functionality of larger MS systems, part of Microsaic’s core product offering.
Glenn Tracey, CEO of Microsaic, commented: "I am extremely pleased to partner with ST Japan to distribute our compact, point of need MS technology, alongside their own impressive technology portfolio, and highly relevant list of OEM products, specialising in point of need and remote testing.”
ST Japan’s offering range from infrared, nuclear magnetic resonance, ultraviolet and Raman analysis equipment and software with applications in multiple markets for chemical and pharmaceutical analysis.
Shares in Microsaic Systems were trading 31.25% higher at 1.05p on Thursday morning
Takao Nakagawa, President of ST Japan, said: "The Microsaic 4500 MiD® is a very interesting addition to our product platform for our domestic market in Japan. 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.”
ST Japan also distributes OEM equipment for the Japanese market, which includes mobile and portable analysis techniques.
Mr. Nakagawa added: “There is no other MS available which offers this potential in such a compact footprint. We very much look forward to working with Microsaic in the long term."
Mr. Tracey said: “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 told investors the agreement marked another milestone in what it expects to be a ‘very exciting period of growth’ in international deployments of Microsaic's technology.
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