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Pin to quick picksDeepmatter Share News (DMTR)

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IN BRIEF: DeepMatter Delighted With Doubling ICSYNTH Customer Numbers

Fri, 16th Oct 2020 19:13

DeepMatter Group PLC - software firm focused on digitising chemistry industry - Secures contracts with five new "major" customers over the last two months for its computer aided synthesis design tool, ICSYNTH. In total, ICSYNTH customer numbers have more than doubled through the course of 2020, and the company has achieved 100% customer renewals, noting this will add to its underlying revenue base.

CEO Mark Warne says: "We are delighted to be supplying our powerful retrosynthesis and forward planning tools to these leaders in their field, expanding our customer base not only in the Pharmaceutical industry but also within the agrisciences and contract research organisation sectors."

Current stock price: 1.785 pence

Year-to-date change: down 6.1%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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