REG - Nanosynth Group PLC - Joint Development Agreement in Cosmetics Market

NanosynthAnnouncement

30/08/2022 07:16

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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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