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Microsaic inks Malaysian distribution deal with Stable Arm
AIM-quoted technology company Microsaic locked in a Malaysian distributor for its MiD-MS detector on Thursday when it signed an agreement with Selangor-based group Stable Arm.
Microsaic said the distribution agreement for its 4500 MiD mass spectrometry detector with Stable Arm would complement its agreement with Taiwanese firm Rightek, announced earlier in May, and was in line with its strategy of partnering with locally based, specialised and established channel partners.
Glenn Tracey, Microsaic's chief executive, said, "Malaysia is a growing market, and Stable Arm is well positioned as a specialist in chromatographic instrumentation, having established a strong track record working with some of the leading global brands of analytical systems."
"We aim to continue to provide the very best cutting-edge solutions to our customers. We believe that Microsaic's compact, point-of-need systems, together with our liquid sample preparation and specialist chromatography systems can be very successful in the Malaysian market," added Ramlan Saimat, Stable Arm's managing director.
As of 0930 BST, Microsaic shares had lost 0.63% to 2.38p.