Name, ticker change effective; 4 new contracts

RNS Number : 2151B

Deepverge PLC

06 October 2020

 

DeepVerge plc (formerly known as Integumen)

Change of Name effective; ticker update

Four new Labskin contracts with global companies

6 October 2020:  DeepVerge plc ("DeepVerge" or "the Company") today announces the change of name from Integumen plc to DeepVerge plc which has now been officially confirmed by the Registrar of Companies.  The Ordinary Shares will trade under the name DeepVerge plc (with ticker DVRG) from 8:00 a.m. today.

The Company's website is now www.deepverge.com , although the www.integumen.com website will remain in operation and will redirect to the new site.  All information required by AIM Rule 26 is located on the new site.

Ahead of the In-Cosmetics Virtual Conference [i] for ingredient suppliers today, the Company announces that Labskin has received initial orders worth c£190,000 to be completed this quarter, with four new customers, each a global player, with combined sales revenues of US$56 Billion in the cosmetics, personal care, and medical device sectors. This adds to the existing growing business of Labskin and further underpins the guided revenue of £4m for 2020.

Gerry Brandon, CEO, commented: 

"The Company has changed dramatically since I joined as CEO a little over two years ago and we have not only driven the core Labskin business, now recognised as a thought leader and product development partner in the skincare world, but we have also ventured into new and important fields, with artificial intelligence services in wastewater equipment and real-time breathalyser COVID-19 products. 

"DeepVerge reflects who we have become.  A company based on Deep science in diagnostics and environmental contamination detection on the Verge of applied engineering innovation on land, sea and air.  Our new name and visual identity are a signal that we are entering a new era for the Company - strong, bold and driven - connecting our core pillars of science, technology, environment and health to tackle the challenges of the future."

Enquires:

DeepVerge plc	Gerard Brandon, Chief Executive	[phone]
Mo PR (Financial PR adviser)	Mo Noonan	[phone]
SPARK Advisory Partners Limited Nominated Adviser	Neil Baldwin/Andrew Emmott	[phone]
Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker / Zoe Alexander	[phone]

About DeepVerge plc ( www.deepverge.com )

DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.

 

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[i] https://www.in-cosmetics.com/en/home/virtual/whats-on/

 

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