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SDL 15.66 Million Holding KORE Strives for the Localization of Time-of-flight Mass Spectrometry

10 June 2015

 SDL announced on June 9 its intent to spend 1 million 640 thousand pounds (about 15 million 660 thousand yuan) to buy Kore Technology Limited acquiring a stake in the company and its capital. Among them, the use of 1 million 320 thousand pounds was acquiring 660 KORE shares which accounted for 45.56% of the total KORE shares; and SDL used 320 thousand pounds to increase KORE capital with 160 thousand share. SDL will now hold a 51% stake in KORE after the completion.

It is reported that Kore Technology Limited was founded in 1991 and is the earliest company engaged in time-of-flight mass spectrometers and related products including R&D, production, and sales. KORE mainly provide customized high-end flight time mass spectrometers for universities around the world and other research institutions. KORE time-of-flight mass spectrometry products can be widely used in environmental monitoring, traceability, health and safety, material research and development, and the food industry. In the atmospheric environment for the detection of gas pollutants, especially in the measurement of VOCs, it can rapidly achieve qualitative and quantitative analysis of hundreds of multi-component trace pollution components.

SDL mainly invested in KORE for high-end technology and production capacities for mass spectrometers, improving the SDL product systems, and as the overseas R&D center using KORE's strong R&D. At the same time, the localization of KOREs products can reduce production costs, the use of SDLs sales network and customer service force, expanding various applications of mass spectrometry, in addition to the field of environmental protection, other areas such as food safety, life science, and industry process monitoring.