Appointment of Chairman

RNS Number : 2139I

Microsaic Systems plc

01 July 2013

 



Microsaic Systems plc

("Microsaic" or the "Company")

Appointment of Chairman

1 July 2013: Microsaic Systems plc (AIM: MSYS), the developer of chip-based scientific instruments, announces the resignation of Eric Yeatman as Chairman of the Board, and the appointment of Deputy Chairman, Colin Nicholl, as Chairman. Eric Yeatman remains a Director of the Company.

Eric Yeatman commented:

"After nine years as Chairman, I feel it is appropriate and timely to hand over the role. I would like to thank shareholders, staff and my fellow directors for all their support during my tenure, and I look forward to continuing to work with the Board and the Company towards achieving our business goals."

Colin Nicholl added:

"Eric made an invaluable contribution to the development of Microsaic and the advancement of the unique technology that underlies its miniaturised mass spectrometer. On behalf of the Board I would like to thank him for his work as Chairman and as interim CEO and we look forward to his continued input as the Company seeks to capitalise on the multiple applications and opportunities we see for our technology and products."

Contacts

Microsaic Systems Colin Jump, CEO	Via Citigate Dewe Rogerson
Numis Securities Limited Stuart Skinner (Nominated Adviser) James Serjeant (Broker)	[phone]
Citigate Dewe Rogerson Mark Swallow, Malcolm Robertson, Chris Gardner	[phone]/2867/2995

About Microsaic Systems

Microsaic Systems develops and sells chip-based scientific instruments for the chemical identification of substances. The Company's products are based on the 'gold-standard' scientific technique of mass spectrometry.

Microsaic Systems has developed a miniaturised mass spectrometer based on its patented, chip-based technologies (ionchip^®, spraychip^® and vac-chip™), that is smaller, lighter, quieter, more energy efficient and cheaper to run than conventional mass spectrometer systems.

Mass spectrometry is used across many industry sectors, including government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3 billion in 2012.

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 symbol MSYS.

www.microsaic.com 

 

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