Business
Supply of mass spectroscopy services to DeepVerge
Supply of mass spectroscopy services to DeepVerge.
About this update from Metir Plc
[{"type":"text","content":"\n \n \n \n Microsaic Systems plc\n \n \n \n (\"Microsaic\" or the \"Company\")\n \n \n \n \n \n Microsaic to supply mass spectrometry services to DeepVerge\n \n \n \n \n \n Microsaic Systems plc (AIM: MSYS), is pleased to note the announcement published by DeepVerge Group plc (\"DeepVerge\") earlier today, regarding its\n two-year environmental monitoring and remediation project with MèreMer for its Blue Carbon Resilience Flagship project (the \"Project\"). The full text of the DeepVerge announcement is available here:\n \n \n https://www.londonstockexchange.com/news-article/DVRG/blue-carbon-resilience-project/15625889\n \n \n .\n \n \n \n \n \n As part of the Project, DeepVerge will appoint Microsaic as its partner to carry out the related mass spectroscopy-based sample analysis. It is expected that the provision of these services will begin in or after October 2022.\n \n \n \n \n \n Whilst subject to contract, it is currently expected that the total value of goods and services to be provided by Microsaic will be approximately £200k, the significant majority of which will be recognised in FY23 (the next financial year).\n \n \n \n \n \n Certain transactions between Microsaic and DeepVerge could constitute related party transactions under Rule 13 of the AIM Rules for Companies and as such, further regulatory announcements will be made in due course as appropriate.\n \n \n \n \n \n \n Enquiries: \n \n \n \n \n \n \n \n \n Microsaic Systems plc\n \n \n \n \n \n +44 (0) 734 0055 648\n \n \n \n \n \n \n Gerry Brandon, Executive Chairman\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Singer Capital Markets (Nominated Adviser & Joint Broker)\n \n \n \n \n \n +44 (0)20 7496 3000\n \n \n \n \n \n \n Aubrey Powell / George Tzimas (Corporate Finance)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Turner Pope Investments (TPI) Limited (Joint Broker)\n \n \n \n Andy Thacker / James Pope\n \n \n \n \n \n \n+44 (0) 20 3657 0050\n \n \n \n \n \n \n \n \n \n \n \n \n About Microsaic Systems\n \n \n \n Microsaic has over \n 20 years' experience in microelectronics and development of instrumentation.\n \n The Company has a robust and innovative patent portfol...