Microsaic Systems PLC on Friday said Modern Water laboratory and production facilities have been reactivated at Sand Hutton, York, England.

This comes after the Surrey-based developer of real-time mass spectrometers announced last month the completion of the acquisition of the assets of Modern Water from DeepVerge PLC and Innovenn PLC for a total consideration of £100,000.

Microsaic had said the assets being purchased comprised of the trade and equipment of the Modern Water business in its manufacture of Microtox bio-reagents as a consumable known as FX, LX and continuous toxic measurement machines.

The company said it has re-engaged specialist staff and moved the business to a smaller and more cost-efficient part of the York Biotech campus.

It expects to have initial stocks of MicroTox reagents available for release by the end of February once full quality criteria have been met, with further reagents to be manufactured and available for shipping in April.

Microsaic is already receiving orders from existing repeat customers, as well as enquiries from those seeking to renew supplies of MicroTox reagent and other consumable kits for their testing equipment.

Executive Chair Bob Moore said: ‘We are pleased that the integration of Modern Water is going ahead as planned. We are now actively resetting both the Modern Water and Microsaic Systems parts of the business to increase efficiencies as part of our growth plans. We are reconfiguring the business such that we can react in an agile way to the changing needs of our customers, with a close initial focus on the growing markets in point of need environmental testing of water, and for toxic and potentially carcinogenic chemicals.’

Shares in Microsaic were down 3.7% at 1.30 pence each in London on Friday afternoon.

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