nanosynth group PLC - Nottingham, England-based digital monitoring and safeguarding systems manufacturer formerly known as Remote Monitored Systems - Signs a joint development deal with an unnamed "global wellness company" to develop a product for the cosmetics market. The programme will run for 12 months and involve two work packages, it says.
Chief Executive Mark Duffin says: "We are delighted to secure the first project in our R&D programme which is testimony to our leadership in the field of nano technology."
Upon completion and subject to the results, the firms intend to enter into an "exclusive commercial agreement for the supply of nanoparticles for this cosmetics market", nanosynth says.
Current stock price: 0.54 pence, up 14%
12-month change: down 57%
By Xindi Wei; xindiwei@alliancenews.com
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