Concepta PLC confirms first myLotus® pregnancies

RNS Number : 8883Y

Mercia Technologies PLC

14 May 2019

 

RNS Reach

14 May 2019

Mercia Technologies PLC

("Mercia")

Concepta PLC confirms first myLotus® pregnancies

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, is pleased to note that its AIM listed direct investment Concepta PLC ("Concepta") has today announced important news regarding the first pregnancies from early adopters of myLotus®, its home fertility testing and pregnancy tracking device.

The confirmation of first pregnancies is validation that the women's fertility monitor, myLotus®, is able to successfully enhance fertility, by helping women to personally monitor their hormone cycles and ovulation profiles to find their most fertile days to conceive naturally.

Launched in November 2018, Concepta's myLotus® has already made significant commercial progress securing a commercial partnership with Walgreens Boots Alliance in March 2019, launching an eCommerce website and listing myLotus® on Amazon. Concepta continues to seek out further collaborative opportunities with large diagnostic and retail pharmacy groups, in addition to hospital and IVF fertility clinics to advance myLotus® success.  

Mercia holds a 22.4% direct equity stake in Concepta, having worked with the company via its managed funds before making its first balance sheet investment in May 2016.

Peter Dines, Chief Operating Officer at Mercia and a non-executive director of Concepta, said: "These first pregnancies and strong testimonials from myLotus® users are hugely exciting. Concepta has made significant commercial progress since launching six months ago and we look forward to further collaborative partnerships increasing the availability of myLotus® across the UK and overseas."

For further information, please contact:

Mercia Technologies PLC	[phone]
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.merciatech.co.uk
Canaccord Genuity Limited	[phone]
Simon Bridges, Emma Gabriel (NOMAD and Broker)
Buchanan	[phone]
Chris Lane, Vicky Hayns, Stephanie Watson, Catriona Flint
www.buchanan.uk.com

About Mercia Technologies PLC

Mercia is a national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions. The Group benefits from 19 university partnerships and offices across the Midlands, the North of England and Scotland providing it with access to high quality, regional deal flow. Mercia Technologies PLC is quoted on AIM with the epic "MERC".

Mercia's 'Complete Capital Solution' initially nurtures businesses via its third-party funds and then over time Mercia can provide further funding to the most promising companies, by deploying direct investment follow-on capital from its own balance sheet. Mercia has c.£500million of assets under management and, since its IPO in December 2014, has invested over £78million across its direct investment portfolio.

 

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