DeepMatter boosted by new deals

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DeepMatter boosted by new deals
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AIM-listed digital chemistry outfit DeepMatter (LON:DMTR) saw its shares climb by 9.29% to 3.82p (as of 10:30 BST) after the firm announced three new deals. After signing these arrangements with a US research centre and two universities, the business has hit its targets for new business for the year.

Management said that these institutions reflected their plan to target specific institutions as early users of its DigitalGlassware platform to trial the performance of the hardware and software in different operating environments. The system will record in-depth experimental data that is compatible with machine learning algorithms. No financial details of the arrangements were released, but more information may be available when the company’s interim results are released in early September.

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