New distribution agreement sees Microsaic expand in key Asia-Pacific region

Microsaic Systems has signed a distribution agreement with CM Corporation (CM-C) for the exclusive distribution of the Microsaic 4500 MiD MS detector in South Korea.

This distribution agreement represents the tenth partnership signing for mass spectrometry company Microsaic, further extending its geographic reach in the Asia Pacific region.

Estimates of the global market size for the reaction monitoring equipment market are in the region of $1.5bn by 2022, the company said, with leading annual growth rates in Asia Pacific.

Chief executive officer Glenn Tracey said: "We are very pleased to partner with CM-C in South Korea. In particular, the team at CM-C has the in-depth technical expertise in two key areas of interest for us: reaction monitoring and thin layer chromatography."

Specialist life sciences distributor CM-C covers a wide range of markets in South Korea, including natural products, organic synthesis, pharmaceuticals, foods and environmental.

Mo Hoyule, managing director of CM-C, added: "We are delighted to be distributing Microsaic's technology, alongside globally recognised brands such as CAMAG and ThalesNano. This will enable us to offer our customers in South Korea a total solution in some very exciting growth areas in on-line chemical monitoring."

Microsaic Systems shares were up 13.33% at 1.70p at 0913 BST.