TIDMMSYS

Microsaic Systems plc

22 August 2022

Reach (Non-regulatory)

22 August 2022

Microsaic Systems plc

("Microsaic" or the "Company")

Partnership with Kingfield Electronics in Aerospace,

Defence, and Process and Scientific Instrumentation

Microsaic Systems plc (AIM: MSYS), is pleased to announce that Kingfield Electronics Limited ("Kingfield") has appointed Microsaic as an Authorised Partner for front-end research, development, and engineering product development in scientific instrumentation and micro-engineering adding these complementary services to its existing offering of fully integrated turnkey solutions, box build, printed circuit board assembly ("PCBA"), commissioning, final test, service, retrofit and world-wide shipping logistics .

Kingfield has a 37-year heritage delivering microelectronic turnkey contract manufacturing solutions, certified to AS9100 standard, with clients across commercial and military aerospace, defence applications on land, sea and air, oil & petrochemical, medical device, process manufacturing and scientific instrumentation industries. Kingfield currently supplies outsourced manufacturing to the Company for its microelectronic component instrumentation and assembly. This new partnership represents a further opportunity for Microsaic to provide additional services leveraging its considerable expertise in high quality technical design, engineering and solutions delivery, as it continues to diversify its income streams.

Gerry Brandon, Acting Executive Chairman of Microsaic Systems plc, commented

"Microsaic welcomes the opportunity to work with Kingfield and support their clients with our 20-year history of microelectronics design to commercialisation expertise. This upstream value-added service of front-end research, development and engineering design, complemented with pilot line manufacture, to validate manufacturability and scalability prior to transfer to Kingfield as the volume manufacturer, is a commercially perfect fit."

Nick Taylor, Managing Director of Kingfield Electronics Limited, commented

"Kingfield works with some of the world's leading and most innovative technology companies who demand inherently high reliability at mission critical level, exceptional levels of quality and consistency. Microsaic has a proven record of designing highly sensitive process instrumentation and laser-based microelectronic equipment. We look forward to rolling out this unique complementary service addition over time across our diverse portfolio of industry clients. "

Enquiries:

 
 Microsaic Systems plc                        +44 (0) 734 0055 648 
 Gerry Brandon, Executive Chairman 
 
 Singer Capital Markets (Nominated 
  Adviser & Joint Broker)                      +44 (0)20 7496 3000 
 Aubrey Powell / George Tzimas (Corporate 
  Finance) 
 Tom Salvesen (Corporate Broking) 
 Turner Pope Investments (TPI) Limited 
  (Joint Broker) 
  Andy Thacker / James Pope                   +44 (0) 20 3657 0050 
 
 

About Microsaic Systems

Microsaic has over 20 years' experience in microelectronics and development of instrumentation. The Company has a robust and innovative patent portfolio in cutting-edge technology designed and developed for "Industry 4.0" application serving markets in diversified Industries, Human and Environmental Health. Microsaic's system solutions have enabled analytical detection and characterisation at the point-of-need, whether within a conventional laboratory setting, or within a bioprocessing facility for continuous detection of data at multiple steps in the process workflow.

About Kingfield Electronics Limited

Kingfield Electronics has grown from its founding member and Managing Director, Nick Taylor, assembling PCBAs quite literally from the family home, into a successful Contract Electronics Manufacturer supporting some of the world's leading technology companies.

   --    Founded in 1985 
   --    46,000 sq.ft. UK manufacturing facility 
   --    GBP4.5 million+ new facility investment 
   --    115+ employees 
   --    AS-9100 quality management accreditation 
   --    Active in many high-reliability sectors 
   --    Extensive PCB assembly and test capabilities 
   --    Highly complex instrumentation assembly and test capabilities 
   --    Fully turnkey manufacturing solutions 
   --    Configuration, shipping and logistics 

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August 22, 2022 02:00 ET (06:00 GMT)

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