Business
Signing of commercial agreement
Signing of commercial agreement.
About this update from Metir Plc
[{"type":"text","content":"\n \nRNS Number : 9574B Microsaic Systems plc 10 April 2013 \n \n\nMicrosaic Systems plc\n(\"Microsaic\" or the \"Company\")\n \nMicrosaic Systems Signs Commercial Agreement \nfor Novel Miniaturised Chip-based Scientific Instrument \n \n10 April 2013: Microsaic Systems plc (AIM: MSYS), the high technology company developing next generation mass spectrometry instruments, is pleased to announce the signing of a second major agreement to provide its miniature mass spectrometer - the Microsaic 4000 MiD® - as an Original Equipment Manufacturer (OEM). The agreement is for the global, non-exclusive marketing and sale of the 4000 MiD® as a stand-alone instrument for use in specified applications. The terms of the agreement include commitments to minimum quantities during an initial period of 42 months. Shipments under the agreement are anticipated to commence in Q3 2013. \n \nColin Jump, Chief Executive of Microsaic Systems, commented:\n\"The compact nature of our mass spectrometer technology makes it uniquely suited to address the needs of the modern laboratory, both as a stand-alone product or integrated with complementary instruments to create entirely new product offerings. This second OEM agreement, which resulted directly from expressions of customer interest, means we now have partnerships for our MiD® system in both areas, following our first agreement announced last year for a combined system. Minimum volume commitments in the agreements provide both areas with a material underpinning of demand. On-going discussions with potential partners and customers convince us there is significant additional demand for our product across multiple application areas and formats, and we look forward to announcing further progress in due course.\"\n \nContacts\n\n\n\n\nMicrosaic Systems\nColin Jump, CEO\n\n\nVia Citigate Dewe Rogerson\n\n\n\n\n \nNumis Securities Limited \nStuart Skinner (Nominated Adviser)\nJames Serjeant (Broker)\n\n\n \n+44 (0)20 7260 1000\n\n\n\n\n \nCitigate Dewe Rogerson (Financial PR)\nMark Swallow, Malcolm Robertson, Chris Gardner\n\n\n \n+44 (0)20 7282 2948/2867/2995\n \n\n\n\n\n \nThe Scott Partnership (Trade PR)\nSarah Morley\n\n\n \n+44 (0)1477 539 540\n\n\n\n\n \nAbout Microsaic Systems\nMicrosaic Systems develops and sells chip-based scientific ins...