Last checked at 1 Jul 2013 07:00
Microsaic Systems plc
("Microsaic" or the "Company")
Appointment of Chairman
1 July 2013: Microsaic Systems plc (AIM: MSYS), the developer of chip-based scientific instruments, announces the resignation of Eric Yeatman as Chairman of the Board, and the appointment of Deputy Chairman, Colin Nicholl, as Chairman. Eric Yeatman remains a Director of the Company.
Eric Yeatman commented:
"After nine years as Chairman, I feel it is appropriate and timely to hand over the role. I would like to thank shareholders, staff and my fellow directors for all their support during my tenure, and I look forward to continuing to work with the Board and the Company towards achieving our business goals."
Colin Nicholl added:
"Eric made an invaluable contribution to the development of Microsaic and the advancement of the unique technology that underlies its miniaturised mass spectrometer. On behalf of the Board I would like to thank him for his work as Chairman and as interim CEO and we look forward to his continued input as the Company seeks to capitalise on the multiple applications and opportunities we see for our technology and products."
Contacts
Microsaic Systems Colin Jump, CEO
| Via Citigate Dewe Rogerson |
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker)
| +44 (0)20 7260 1000 |
Citigate Dewe Rogerson Mark Swallow, Malcolm Robertson, Chris Gardner
| +44 (0)20 7282 2948/2867/2995
|
About Microsaic Systems
Microsaic Systems develops and sells chip-based scientific instruments for the chemical identification of substances. The Company's products are based on the 'gold-standard' scientific technique of mass spectrometry.
Microsaic Systems has developed a miniaturised mass spectrometer based on its patented, chip-based technologies (ionchip®, spraychip® and vac-chip™), that is smaller, lighter, quieter, more energy efficient and cheaper to run than conventional mass spectrometer systems.
Mass spectrometry is used across many industry sectors, including government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3 billion in 2012.
Microsaic Systems was established in 2001 by a team including founders from Imperial College London, and was admitted to AIM in April 2011 under the symbol MSYS.
www.microsaic.com