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22 Jun 2011 11:38
Microsaic Systems plc
("Microsaic" or the "Company")
Results of Annual General Meeting
22 June 2011: Microsaic Systems plc (AIM: MSYS), the developer of miniaturised chip-based scientific instruments, announces that its Annual General Meeting was held at 11.00 a.m. (UK time) this morning and all resolutions were duly passed.
At the meeting Professor Eric Yeatman, Chairman of Microsaic Systems plc, said:
"This year has seen Microsaic Systems record a number of important achievements, the most significant of which was our admission to AIM on 11 April 2011. We were delighted by the level of interest and support for our listing from new and existing investors whose enthusiasm served as a major endorsement of our business and technology.
"I am pleased to say that since our IPO Microsaic has continued to make good progress in the areas of product and business development in line with the Board's expectations. We are now well placed to grow the Company and achieve our long-term objective of creating further value for our shareholders."
Contacts
Microsaic Systems Alan Finlay, CEO
| Via Citigate Dewe Rogerson |
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker)
| +44 (0)20 7260 1000 |
Citigate Dewe Rogerson Chris Gardner, Mark Swallow
| +44 (0)20 7282 2995/2948 +44 (0)7903 737703 |
About Microsaic Systems
Microsaic Systems develops micro-engineered scientific instruments for the identification of chemicals in liquids, gases and solids. Microsaic's technologies are based on the gold-standard technique of mass spectrometry (MS), which is currently based on large and expensive systems.
Microsaic is the first and only company to have successfully miniaturised MS onto patented chip-based technologies (ionchip®, spraychip® and vac-chip®) to create instruments that retain the speed and sensitivity of MS but are smaller, lighter, more energy efficient and cheaper to run than conventional MS systems.
MS technology is used across multiple sectors, including government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3.3 billion in 2010.
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 ticker MSYS.
www.microsaic.com
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