Business
Portfolio company Concepta secures partnership
Portfolio company Concepta secures partnership.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 5150S Mercia Technologies PLC 12 March 2019 \n\n \n\n\n\nRNS Reach\n\n\n12 March 2019\n\n\n\n \n \nMercia Technologies PLC\n(\"Mercia\")\nPortfolio company Concepta Plc secures partnership with Walgreens Boots Alliance\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 AIM listed portfolio company Concepta Plc (\"Concepta\") has today announced a commercial partnership with Walgreens Boots Alliance for the supply of its revolutionary women's fertility and hormone testing product, myLotus®; an important milestone for the company as it forms part of the myLotus® roll-out plan across Europe. \n \nMercia holds a 18.2% 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: \"Securing a partnership with such a leading retailer as Walgreens Boots Alliance is validation that Concepta has developed a product with significant commercial appeal. This new partnership will play a pivotal role in myLotus® being more widely available 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\n\n\n\nSimon Bridges, Emma Gabriel (NOMAD and Broker)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan\n\n\n+44 (0)20 7466 5000\n\n\n\n\nChris Lane, Vicky Hayns, Stephanie Watson, Catriona Flint\n\n\n\n\n\n\n\nwww.buchanan.uk.com\n\n\n\n\n\n\n \nAbout Mercia Technologies PLC\nMercia is a national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions. The Group benefits from 19 university partnerships and offices across the Midlands, the North of England and Scotland providing it with access t...