TIDMNNN

RNS Number : 4483X

Nanosynth Group PLC

30 August 2022

30 August 2022

nanosynth group plc

("nanosynth", the "Company" or the "Group")

Joint Development Agreement in Cosmetics Market

nanosynth, the AIM quoted company specialising in the synthesis and application of nanoparticles to create new and improve existing products, is pleased to announce they have entered into a joint development agreement with a global wellness company for their first project in the cosmetics market.

It is anticipated that the development programme will run for 12 months and involve two major work packages. Both companies will retain their own intellectual property but will jointly work to develop a revolutionary product for the market. On successful completion and subject to results, it is the intention of both companies to enter into an exclusive commercial agreement for the supply of nanoparticles for this cosmetics market.

Mark Duffin, Chief Executive of nanosynth, commented: "We are delighted to secure the first project in our R&D programme which is testimony to our leadership in the field of Nano technology. Our client's confidentiality and competitive advantage remain our priority during this development phase and we look forward to becoming their exclusive partners in the future ."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside is now considered to be in the public domain.

ENQUIRIES :

 
 nanosynth group plc                      via IFC Advisory 
 Mark Duffin (Chief Executive Officer) 
 SP Angel Corporate Finance LLP           +44 20 3470 0470 
 Nominated Adviser and Broker 
 Stuart Gledhill 
 Caroline Rowe 
 IFC Advisory Ltd                         +44 20 3934 6630 
 Graham Herring 
 Zach Cohen 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGRBRGDIUSDDGDL

(END) Dow Jones Newswires

August 30, 2022 02:01 ET (06:01 GMT)

Nanosynth (LSE:NNN)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Nanosynth.
Nanosynth (LSE:NNN)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Nanosynth.