Microsaic Systems – agreement with Gilson Inc

Microsaic Systems Signs Commercial Agreement with Gilson Inc. to Create New Analytical Instruments for the Pharmaceutical and Life Science Industries

29 September 2014: Microsaic Systems plc (AIM: MSYS), the high technology company developing next generation mass spectrometry instruments, is pleased to announce the signing of a commercial agreement with Gilson Inc., a leading international scientific instrumentation company, to create new analytical instruments for the pharmaceutical and life science industries.

Under the terms of the agreement, Microsaic with provide its miniature mass spectrometer – the Microsaic 4000 MiD® – as an Original Equipment Manufacturer (OEM). Gilson will combine the 4000 MiD® with its high performance liquid chromatography instruments to create a new product for the rapid separation and characterisation of liquid samples in pharmaceutical research and development.

Microsaic anticipates commencing shipments of its 4000 MiD® to Gilson in Q1 2015 with volumes rising to approximately 50 units per year in due course. The selling price per unit is in line with the Board’s expectations. Further details are not disclosed.

Colin Jump, Chief Executive of Microsaic Systems, commented:

“We are delighted to begin this new OEM relationship with Gilson, an industry leader in manufacturing manual and automated liquid sample management products. This agreement represents the achievement of another milestone for the company towards its goal of becoming a leader in the miniaturised instrumentation market. We have high quality global partners for our products addressing an increasing proportion of our target market and continue productive discussions with other potential partners, which we anticipate will progress to agreements in the future.”

Nicolas Paris, Chief Executive of Gilson, Inc. commented:

“The combination of Gilson’s systems flexibility and the Microsaic 4000 MiD® detector brings the power of MS purification to non mass-spec experts in a very innovative, affordable and easy-to-use package. We, at Gilson, are convinced this agreement will help our customers to simplify their sample prep workflows with a better and more routine mass spec solution.”