19th March 2019
OEM agreement signed with Biometrics Technologies Co, Ltd.
Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry (“MS”) instruments, is pleased to announce that it has signed an original equipment manufacturer (“OEM”) agreement with Biometrics Technologies Co, Ltd (“BMT”) for the integration of the Microsaic 4500 MiD® MS detector with BMT’s High Performance Liquid Chromatography (“HPLC”) equipment, for distribution in Southeast Asia, Korea and India.
Established in 2013, BMT is a specialist OEM provider of life science and analytical equipment. BMT designs, develops and integrates high technology scientific instrumentation, with markets in Southeast Asia, Taiwan, Korea, the Middle East, and Oceana.
Glenn Tracey, CEO of Microsaic, commented, “I am very pleased to partner with BMT to integrate Microsaic’s compact, point of need MS technology, with their HPLC products. The team at BMT has the in-depth technical expertise and this agreement further extends our reach into Asia.
“Southeast Asia, India and Korea are attractive growth markets for analytical chemistry, and this marks another milestone in what we expect to be a very exciting period of growth. Microsaic now has five distribution and four OEM agreements signed, opening markets for our products in North America, Europe, China, Taiwan, Southeast Asia, Korea and India.
“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.”
Roger Chung, Managing Director of BMT, added: “By integrating with Microsaic’s technology, we will be launching an entirely new product line, enabling us to offer our customers a total solution, improve our customers’ research efficiency and offer a more ecologically friendly product.”
Recently, Microsaic published its annual results for the year ending 2018, which showed a year on year doubling of unit sales, and with revenues up 69%. The Board believes that 2019 will be a year of significant growth in revenues, driven by the globally diverse partnerships signed in 2018, and the continued business development with new partners during 2019.
For more information, please contact:
Microsaic Systems plc
Glenn Tracey, CEO
Bevan Metcalf, FD
+44 (0) 1483 751577
IFC (Financial PR)
+44 (0)20 3934 6630
N+1 Singer (Nominated
Adviser & Broker)
+44 (0) 20 7496 3000