Cronin Group PLC MoUs signed with pioneers (9768D)
February 06 2018 - 1:00AM
UK Regulatory
TIDMCRON
RNS Number : 9768D
Cronin Group PLC
06 February 2018
6 February 2018
Cronin Group Plc
("Cronin Group" or the "Company")
MoUs signed with first pioneers
Two leading international life science reagent and chemicals
manufacturers to become the first to agree to join the Company's
Pioneer Programme, evaluating the DigitalGlassware(TM)platform
Cronin Group, the AIM listed company focusing on digitizing
chemistry, announces that it has entered into Memoranda of
Understanding ("MoUs") with two leading international life science
reagent and chemicals manufacturers; one, a US headquartered
business, with laboratory operations worldwide and the other, a UK
based subsidiary of a NASDAQ listed company. The MOUs set out the
principal terms for a formal evaluation by the two companies of the
Company's DigitalGlassware(TM) platform.
The DigitalGlassware(TM) platform, comprising a powerful and
easy-to-use software interface with a unique, low footprint sensor
array, collects, stores and processes data generated from chemical
experiments and allows access to reproducible chemistry via
internet protocols. Data analysis need not just be performed
retrospectively, but in real-time and a-priori, delivering back to
the users, data which when combined with artificial intelligence
and machine learning technologies, has the potential to
dramatically increase reproducibility and provide unique
insights.
Cronin Group has identified a select number of leading companies
and institutions involved in the field of chemistry to participate
in its Pioneer Programme. The purpose of the programme is to trial
the Company's technology with the full range of target users,
allowing the Company to observe its performance in different
operating environments and locations worldwide. These observations
will contribute towards future technology optimisation, prior to
wider dissemination to target users. The Pioneer companies will
also assess the performance of the DigitalGlassware(TM) platform,
specifically to understand how it can help improve the outcomes of
chemical processes, including precision and reproducibility, with
an eye to how the technology can help in discovering/enabling new
synthetic routes and chemical entities.
Mark Warne, Executive Chairman of Cronin Group, commented: "We
are delighted to be entering into beta stage deployment with such
knowledgeable industry innovators as the initial pioneers announced
today. Their help will be invaluable in supporting us in shaping
the DigitalGlassware(TM) platform for broader adoption across our
target user groups as we seek to build awareness and understanding
of the product and our long-term vision for the digitization of
chemistry."
For further information:
Cronin Group Plc www.croningroupplc.com
Mark Warne, Executive Chairman T: 0141 465 6871
Stockdale Securities Limited T: 020 7601 6100
Tom Griffiths/Edward Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
END
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