Appointment of new CEO

RNS Number : 9215M

Microsaic Systems plc

24 September 2012

 



Microsaic Systems plc

("Microsaic" or the "Company")

APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER

24 September 2012: Microsaic Systems plc (AIM: MSYS), the developer of miniaturised chip-based scientific instruments, is delighted to announce that it will appoint Colin Jump as new Chief Executive Officer with effect from 5^th November.

Colin Jump (53) has nearly 30 years commercial and operational experience in the analytical instrumentation sector. He joins Microsaic from Shimadzu UK Ltd, a global manufacturer of scientific research instruments, where he spent the past 11 years as Managing Director. He was previously European Commercial Director at SGE Europe Ltd (1999-2001) and prior to that, he spent seven years in senior management and marketing positions at Mallinckrodt Baker in the UK and the Netherlands. Between 1983 and 1991 Colin served in sales and marketing positions at Bayer Diagnostics, Roche Diagnostics and Wellcome Diagnostics.

Colin will take up his role on 5th November 2012, at which point Eric Yeatman and Colin Nicholl will resume their former roles as Chairman and Deputy Chairman, respectively. The Board would like to acknowledge the roles both Eric and Colin have played over the past year in establishing the strong position for growth that the Company is in and look forward to their continued contributions in their Board capacities.

Commenting on the appointment, Eric Yeatman, Acting Chief Executive of Microsaic Systems plc, said:

"The Board is very pleased to welcome Colin Jump to the Company as our new CEO. I have no doubt his commercial and operational experience in the analytical instrumentation sector will help drive the business forward towards the further realisation of our corporate goals."

Colin Jump added:

"I am excited to be joining Microsaic Systems at this crucial stage as it accelerates the commercialisation of its revolutionary chip-based technology. With the ability to address major opportunities across multiple market areas I see huge potential for the technology and for the Company in the years ahead."

There are no disclosures required to be made in respect of the appointment under Schedule 2(g) of the AIM Rules for Companies, save as given below:

Current directorships:
Lower Wharf Management Limited
Shimadzu UK Limited
(Note: Mr Jump's resignation from Shimadzu UK Limited will be effected shortly)

Contacts

Microsaic Systems Eric Yeatman, 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

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 2011.

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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