Business
Concepta PLC confirms first myLotus® pregnancies
Concepta PLC confirms first myLotus® pregnancies.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 8883Y Mercia Technologies PLC 14 May 2019 \n\n \n\n\n\nRNS Reach\n\n\n14 May 2019\n\n\n\n \n \nMercia Technologies PLC\n(\"Mercia\")\nConcepta PLC confirms first myLotus® pregnancies\n \nMercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, is pleased to note that its AIM listed direct investment Concepta PLC (\"Concepta\") has today announced important news regarding the first pregnancies from early adopters of myLotus®, its home fertility testing and pregnancy tracking device.\n \nThe confirmation of first pregnancies is validation that the women's fertility monitor, myLotus®, is able to successfully enhance fertility, by helping women to personally monitor their hormone cycles and ovulation profiles to find their most fertile days to conceive naturally. \n \nLaunched in November 2018, Concepta's myLotus® has already made significant commercial progress securing a commercial partnership with Walgreens Boots Alliance in March 2019, launching an eCommerce website and listing myLotus® on Amazon. Concepta continues to seek out further collaborative opportunities with large diagnostic and retail pharmacy groups, in addition to hospital and IVF fertility clinics to advance myLotus® success. \n \nMercia holds a 22.4% direct equity stake in Concepta, having worked with the company via its managed funds before making its first balance sheet investment in May 2016.\n \nPeter Dines, Chief Operating Officer at Mercia and a non-executive director of Concepta, said: \"These first pregnancies and strong testimonials from myLotus® users are hugely exciting. Concepta has made significant commercial progress since launching six months ago and we look forward to further collaborative partnerships increasing the availability of myLotus® across the UK and overseas.\" \n \nFor further information, please contact:\n\n\n\nMercia Technologies PLC\n\n\n+44 (0)330 223 1430\n\n\n\n\nMark Payton, Chief Executive Officer\n\n\n\n\n\n\n\nMartin Glanfield, Chief Financial Officer\n\n\n\n\n\n\n\nwww.merciatech.co.uk \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Genuity Limited\n\n\n+44 (0)20 7523 8000\n\...