Metir (MET)

Sector:

Electronic and Electrical Equipment

 0.65p
   
  • Change Today:
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  • 52 Week High: 1.18p
  • 52 Week Low: 0.54p
  • Currency: UK Pounds
  • Shares Issued: 179.18m
  • Volume: 349,172
  • Market Cap: £1.16m
  • RiskGrade: 265
  • Beta: 0.04

Microsaic expands in Asia with OEM deal

By Josh White

Date: Monday 18 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Mass spectrometry instrument developer Microsaic Systems has signed an original equipment manufacturer (OEM) agreement with Biometrics Technologies (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.
The AIM-traded firm described BMT, established in 2013, as a specialist OEM provider of life science and analytical equipment.

It designs, develops and integrates high-technology scientific instrumentation, with markets in southeast Asia, Taiwan, Korea, the Middle East, and Oceana.

"I am very pleased to partner with BMT to integrate Microsaic's compact, point of need MS technology, with their HPLC products," said Microsaic Systems chief executive officer Glenn Tracey.

"The team at BMT has the in-depth technical expertise and this agreement further extends our reach into Asia."

Tracey said southeast Asia, India and Korea were "attractive" growth markets for analytical chemistry, with the deal marking a milestone in what the board expected 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 that by integrating with Microsaic's technology, his company would be launching an "entirely new" product line, enabling it to offer customers a total solution, improve its customers' research efficiency and offer a more ecologically friendly product.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Metir Market Data

Currency UK Pounds
Share Price 0.65p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.18p
52 Week Low 0.54p
Volume 349,172
Shares Issued 179.18m
Market Cap £1.16m
Beta 0.04
RiskGrade 265

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