CRON Cronin

TIDMDMTR

DeepMatter Group PLC

17 January 2019

17 January 2019

DeepMatter Group plc

("DeepMatter" or the "Group")

Disposal of Scanning Ion Conductance Microscope business

DeepMatter (AIM: DMTR), the AIM quoted company focusing on digitizing chemistry, announces that its subsidiary, OpenIOLabs Limited, has disposed of the Scanning Ion Conductance Microscope ("SICM") business to Scientific Digital Imaging plc, by way of an asset purchase agreement.

Deepmatter acquired OpenIOLabs in 2017 for some of its assets, those used to integrate equipment in a laboratory, a capability the Group had always intended to include in its DigitalGlassware(TM) platform. With this objective complete, the remainder of the OpenIOLabs business, being non-core to Deepmatter's continuing operations, has now been acquired by Scientific Digital Imaging plc.

For further information:

 
 DeepMatter Group plc                          T: 0141 548 8156 
 Mark Warne, Chief Executive Officer 
 
 Stockdale Securities Limited                  T: 020 7601 6100 
 Tom Griffiths 
  Edward Thomas 
 
 Alma PR                                       T: 020 3405 0209 
  Caroline Forde                        deepmatter@almapr.co.uk 
  Rebecca Sanders-Hewett 
  Susie Hudson 
 

About DeepMatter:

DeepMatter's long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics. In the near term this involves the provision of an integrated software, hardware and artificial intelligence enabled platform, DigitalGlassware(TM), to scientists across research and process development sectors.

The DigitalGlassware(TM) platform allows chemistry experiments to be accurately and systematically recorded, coded and entered into a shared data cloud. The platform is designed to enable chemists to work together effectively; sharing the details of their experiments from anywhere and in real-time, so that work is not needlessly duplicated, time and money wasted, and ultimately so new discoveries may be made faster.

More information is available here: http://www.deepmattergroup.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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