Kelso, UK and Woking, UK - September 10, 2014 - Plexus Corp. (NASDAQ: PLXS), a global provider of optimised Product Realization solutions, and Microsaic Systems (AIM: MSYS), the developer of chip-based scientific instruments, have entered an agreement for Plexus to provide design and manufacturing solutions from its UK facilities. Plexus will support Microsaic with the manufacture of its 4000 MiD® miniature, fully self-contained mass spectrometry (MS) system, which was launched in March 2013.
"We are delighted to have entered into this partnership with Microsaic Systems," stated Ronnie Darroch, Plexus Regional President in EMEA. "This decision by Microsaic represents a true testament of Plexus' experience and professionalism. It is also a result of our continuing investment in our European operations in the UK, Romania and Germany, which enables us to deliver world-class solutions to our customers."
Colin Jump, Chief Executive of Microsaic Systems, added, "Plexus represents an excellent strategic fit for Microsaic. Its track record and customer base are world class and through this agreement we gain the ability to optimise and scale our manufacturing to meet the increasing demand for our products now and in the future."
Microsaic was specifically looking for an experienced and credible UK partner to keep production close to its own facility in Surrey. Plexus was selected as a result of its expertise with complex sub-assemblies and its ability to provide engineering solutions for the long term support of current and future product developments.
Plexus has developed a broad service offering for product providers in the Healthcare/ Life Sciences industry and will continue to make further investments in this high growth market.
For further information, please contact:
Market Communications Specialist
Tel: +44 (0) 1573 223 601
Mona Ghobadi / Juliet Philip
Tel: +44 (0) 208 408 8000
Colin Jump, CEO
Andrew Darby, Finance Director
Via Citigate Dewe Rogerson
Citigate Dewe Rogerson (Financial PR)
Mark Swallow, Malcolm Robertson, Chris Gardner
Tel: +44 (0)20 7282 2948/2867/2995
Conscience Creative (Trade PR)
Tel: +44 (0)20 3475 4226
About Plexus Corp. – The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfilment and sustaining services to deliver comprehensive end-to-end solutions for customers in the America, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 140 branded product companies in the Networking/Communications, Healthcare/Life Sciences, Industrial/Commercial and Defence/Security /Aerospace market sectors.
About Microsaic Systems
Microsaic Systems develops and sells chip-based scientific instruments for the chemical identification of substances. The Company's products are based on the 'gold-standard' scientific technique of mass spectrometry.
Microsaic Systems has developed a miniaturised mass spectrometer based on its patented, chip-based technologies (ionchip®, spraychip® and vac-chip™), that is smaller, lighter, quieter, more energy efficient and cheaper to run than conventional mass spectrometer systems.
Mass spectrometry is used across many industry sectors, including government, energy, utilities, pharmaceutical, diagnostics and healthcare, environmental, food and drink, security and defence, and industrial chemicals - a combined market of $3 billion in 2012.
Microsaic Systems was established in 2001 by a team including founders from Imperial College London, and was admitted to AIM in April 2011 under the symbol MSYS.