7 Jun 2019 07:00
7 June 2019
Microsaic Systems plc
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("Microsaic" or the "Company")
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Distribution Agreement with CM Corporation Ltd.
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Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry ("MS") instruments, is pleased to announce that it has signed a distribution agreement with CM Corporation Ltd ("CM-C") for the exclusive distribution of the Microsaic 4500 MiD® MS detector in South Korea.
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Established in 2000, CM-C is a specialist distributor of life science and analytical equipment, covering a wide range of markets in South Korea, including natural products, organic synthesis, pharmaceuticals, foods and environmental.
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Glenn Tracey, CEO of Microsaic, commented, "We are very pleased to partner with CM-C in South Korea. In particular, the team at CM-C has the in-depth technical expertise in two key areas of interest for us: reaction monitoring and thin layer chromatography.
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"Online MS can enable rapid chemical quantification (
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"Estimates of the global market size for the reaction monitoring equipment market are in the region of $1.5 billion by 2022, with leading annual growth rates in Asia Pacific.
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"We work exclusively with local partners, knowledgeable in separation and MS technologies. Our strategy continues to be focused on business development in all key geographies."
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Mo Hoyule, Managing Director of CM-C, added: "We are delighted to be distributing Microsaic's technology, alongside globally recognised brands such as CAMAG and ThalesNano. This will enable us to offer our customers in South Korea a total solution in some very exciting growth areas in on-line chemical monitoring."
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This distribution agreement is the tenth partner signing for Microsaic, further extending its geographic reach.
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Enquiries: Â | Â |
Microsaic Systems plc Glenn Tracey, CEO Bevan Metcalf, FD | +44 (0) 1483 751 577 |
 N+1 Singer (Nominated Adviser & Broker) Shaun Dobson (Corporate Finance) Tom Salvesen (Corporate Broking)  |  +44 (0)20 7496 3000 |
IFC Advisory Ltd (Financial PR) Graham Herring Heather Armstrong Florence Chandler | +44 (0)20 3934 6630 |
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About Microsaic Systems
Microsaic Systems plc (AIM: MSYS) is a high technology company developing chip-based, bench-top and point-of-analysis mass spectrometry ("MS") instruments that are designed to improve the efficiency of pharmaceutical R&D and manufacturing. The Company is working with established global life science companies to co-develop new solutions to improve productivity in the development of small molecule and novel biologic (peptides, antibodies) medicines. MS is a powerful method of analysis to enable earlier decision making relating to product identification, purity and bioactivity, and is the analytical technique of choice for biochemists across many industry sectors.
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Microsaic's core product, the 4500 MiD®, is a robust and compact MS system, retaining the functionality of larger conventional MS systems, is easier to use by non-specialists, consumes less energy and has lower running costs. For more information, please go to www.microsaic.com.
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