Nanosynth Group PLC Joint Development Agreement in Cosmetics Market (4483X)
30 Agosto 2022 - 01:01AM
UK Regulatory
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
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END
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August 30, 2022 02:01 ET (06:01 GMT)
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