Integumen PLC Update re COVID 19; confirmed orders; investment (9509H)
March 30 2020 - 1:00AM
UK Regulatory
TIDMSKIN
RNS Number : 9509H
Integumen PLC
30 March 2020
AIM share code: SKIN
30 March 2020
Integumen PLC
("Integumen" or "Company")
Immediate production of bacteria to detect water contamination
amid COVID-19 public health crisis
Integumen confirm cGBP2m confirmed orders in Q1, 2020 and
invests GBP250,000 to ramp-up production
Integumen announces that due to the global COVID-19 public
health crisis, and in order to meet back-orders and growing demand
for water contamination detection bacteria from existing customers
across Spain, Italy and China, production of Modern Water's
monitoring bacteria reagent has commenced this week, six weeks
ahead of the originally planned production date.
Further to previous notifications, enlargement of Integumen's
laboratories and fit-out has commenced with the ordering of the new
laboratory equipment. The bacteria is used in fixed and portable
monitoring equipment, designed and manufactured by Modern Water plc
to identify contamination in wastewater outlets from residential,
hospital and municipal sewage treatment outflows that may
contribute to the current public health crisis.
In addition to the cGBP2m of confirmed orders so far in Q1, 2020
for delivery in the current financial year, Integumen is investing
GBP250,000, as announced in the RNS of 18 March 2020, to rapidly
expand the Company's laboratories by 100% to 6,000 square feet in
order to maintain the growth of Labskin and accelerate production
of bacteria that is used by a range of monitoring equipment for the
detection of up to 2,300 bacteria, viruses and toxins that
contaminate water around the world.
Gerard Brandon CEO Integumen plc commented:
"In the wake of the COVID-19 public health crisis, we are
grateful to local industry and research institutions such as Frozen
in Time Limited and University of York, who have enabled Integumen
to begin production immediately. We are now able to bring water
contamination detection bacteria faster to the frontline
environmental inspection teams, in crisis countries, where there is
currently insufficient supply. I also want to acknowledge our team
of dedicated chemical engineers, biologists, microbiologists and
quality control personnel who are playing their role in making this
happen.
"Integumen is in a strong position to provide the support for
Modern Water and all their customers across the world through
delivery of integrated engineering, scientific and real-time data
analytical solutions in order to address this major societal and
global problem in healthcare and the environment. "
+44 (0) 7340 055
Integumen plc Gerard Brandon, CEO 648
SPARK Advisory Partners Limited Neil Baldwin/Andrew +44 (0) 113 370
(Nominated Adviser) Emmott 8974
Turner Pope Investments (TPI) +44 (0) 20 3657
Limited (Broker) Andy Thacker/Zoe Alexander 0050
About Integumen plc
Integumen is a scientific research and AI-as-a-Service company
focused on production and analysis of bacteria, virus and toxins
utilising artificial intelligent data analytics in regulatory
technology, from scientifically proving the impact of skincare
product claims on skin microbiome for top 10 global cosmetic
company clients to remotely detecting water contamination in
real-time.
About Modern Water plc
Modern Water was established in 2006 to develop and
commercialise water recovery technologies to counter water crisis
problems arising from climate change and a growing global
population. Having invested GBP20m over the last 14 years, the
results comprise of a robust patent portfolio of cutting edge
technology, focused on monitoring of contaminated water and
decontamination of wastewater, making recycling of water more
efficient. Six countries across the world have legislated that
Modern Water monitoring test systems are written into their
environmental protection legislation.
About Frozen in Time
Based in York, UK, Frozen in Time Limited has been designing and
manufacturing freeze dryers for more than a quarter of a century.
In that time, they fabricated machinery in a full range of sizes
and specifications, for businesses of all sizes, working in all
kinds of industry sectors worldwide.
About University of York
The University of York is a collegiate research university,
located in the city of York, England. Established in 1963, the
university has expanded to more than thirty departments and
centres. With over GBP8 million of capital equipment, 2,000 square
meters of laboratories, the purpose-built centre of excellence
provides access to state-of-the-art bioscience technologies for
external academic laboratories and commercial business users. It
has all the relevant equipment needed to begin production of the
water contamination detection bacteria immediately.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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