DVRG.L Regulatory News (DVRG)

DeepVerge plc

("DeepVerge")

DeepVerge collaborate with Microsaic Systems plc to launch range of miniature mass spectrometers with triple quadrupole limits of detection for organic chemical analysis in water and soil

Combined micro-engineering technology, software and AI create unique identification detection system for Chemicals of Emerging Concern[i] (CEC) and Forever Chemicals[ii] (PFAS)

DeepVerge (LSE:DVRG.L), is pleased to announce continued progress through its collaboration with Microsaic Systems plc (AIM: MSYS) to provide real-time monitoring solutions to detect and identify contaminants in water and soil.

Microsaic has launched a miniaturised mass spectrometer platform which provides fully integrated front-end solutions, with software upgrades using AI from DeepVerge, to achieve triple quadrupole limits of detection for real-time monitoring and identification of organic chemicals in water and soil. 'Triple quad' limits of detection mean increased sensitivity and specificity, which allows detection and quantitation at lower limits than conventional single quadrupole mass spectroscopy.

DeepVerge plc environmental division has implemented real-time services for the automated detection and identification of metals and pathogens[iii] and adding the Microsaic platform augments this offering with automated real time detection and expert analysis of dangerous organic chemicals in water and soil.

· Detection capability for a variety of contaminants and toxic bad actors adds:

o Organic chemical expertise and detection of CECs, currently unregulated and unmeasured, with the European Chemical Agency in 2020, identifying 290 chemical candidates for regulatory action by the European Commission[iv];

· New platform augments revenue channels of both companies without re-engineering business infrastructure:

o Screening - project deployment (e.g. Site remediation, clean up, chronic or acute spills), mobile laboratory/van etc.;

o Monitoring - site surveillance (e.g. waste water treatment plants, sites of special interest)

· Retrofit or standalone integration of high-tech hardware, software and AI adds:

o Unified data handling;

o Unified/integrated sampling strategies;

o Unified front to customers installations and collaborations;

o Powerful and accurate analysis of aggregated data with AI delivering the ability to detect an array of targets in a single platform and with predictive alert capability;

The new portable Microsaic platform, with triple quadrupole limits of detection is unique, bringing laboratory quality performance to the front-line, at a fraction of the cost and up to 90% smaller than traditional triple quadrupole mass spectrometry equipment, reducing workflows and allowing real-time manual, or automated, decision making in real-time.

Gerard Brandon, DeepVerge plc CEO commented:

"By combining our expertise in contaminant monitoring, we are able to offer new, innovative real-time monitoring solutions to our existing customers and open new global opportunities for fully-integrated water and soil detection of a broad range of pathogens and chemicals not least of which is the current COVID-SARS-CoV-2 global health crisis, providing the potential to identify virus hotspots in real-time."

Glenn Tracey, CEO of Microsaic Systems plc, commented:

"The Microsaic team has achieved two major milestones: first, a range of miniaturised portable mass spectrometry systems with triple quadrupole limits of detection, and second, access to new sources of income from revenue sharing monitoring services that offer protection to society against the silent killer of chemicals of emerging concern."

"The combination of Microsaic and DeepVerge capabilities provides impressive coverage between chemicals and pathogens in our waters and soil. The Microsaic Board believes that data driven monitoring capability is of great interest to government, industrial and agricultural stakeholders which is already seen from significant interest from clients."

About DeepVerge plc (www.deepverge.com)

DeepVerge is an environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins. Utilising artificial intelligent data analytics to scientifically prove the impact of skincare product claims on skin microbiome for most of the top 20 global cosmetic company clients and remotely detect and identify in real-time, dangerous pathogens in wastewater treatment plants, drinking water, rivers, lakes and reservoirs.

About Microsaic (www.microsaic.com)

Microsaic listed on AIM in 2011 to develop and commercialise micro-engineering chip-based mass spectrometry equipment. Having invested £30m over the last 20 years before and after the IPO, Microsaic has a robust patent portfolio in cutting-edge technology purpose built for "Industry 4.0" which enables analytical detection and characterisation at the point-of-need, whether within a human health environment, conventional laboratory setting, or within a bioprocessing facility for continuous mass spectrometer detection and monitoring of data at any step in the process workflow.

Microsaic's products and systems are commercially available through global markets via a network of regional and local partners, targeting its core laboratory, manufacturing and point-of-need applications.