Microsaic Systems plc (LON:MSYS) shares jumped on Thursday morning as it announced that it has signed a distribution agreement with Amedis, spol. s ro. (Amedis).
The AIM-listed firm said Amedis will be the exclusive distributor of Microsaic-branded 4500 MiD MS detectors in Slovakia.
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Microsaic Systems said Amedis distributes and provides application and service support for global brands across a wide range of technologies and has expertise in medical technologies, such as Linear Accelerators, Medical Imaging and Dosimetry for Radiation Therapy.
Glenn Tracey, CEO of Microsaic, commented: "Amedis is the perfect partner to distribute our compact, point of need MS technology, already having an impressive technology portfolio, unrivaled technical expertise, and full understanding of end user applications.
"Central Europe has shown impressive growth and opportunity for scientific instrumentation in recent years, and this agreement supports our growth strategy with select partners across the European region."
In early morning trading, Microsaic Systems shares rose 8.1% to 2.00p.