(Alliance News) - DeepMatter Group PLC on Thursday said it has received its first revenue-generating order for its DigitalGlassware platform.
The DigitalGlassware platform is an integrated software, hardware and machine learning enabled platform that enables chemists to share the details of their experiments from anywhere and in real-time.
The AIM-listed software company said the first purchase order is from o2h discovery, an Anglo-Indian medicinal chemistry service provider. o2h participated in DeepMatter's pioneer programme during 2018, trialling the DigitalGlassware platform in both its research and process chemistry operations.
Having participated in the Pioneer Programme, and being sufficiently impressed by the DigitalGlassware technology, o2h has elected to pay for the provision of a greater number of user licences, DeepMatter said.
"This deal demonstrates that our platform is delivering tangible value to the industry and the fact that o2h, renowned for being innovative and forward thinking, is the first of our partners to sign a contract of this nature with us, underlines the disruptive potential of our platform," said Chief Executive Mark Warne.
"This is the first step on our journey towards monetisation of the platform in line with our current expectations," added Warne.
DeepMatter shares were trading 3.2% lower on Thursday in London at 3.00 pence each.