GLASGOW-based digital chemistry pioneer DeepMatter has said social distancing in laboratories has increased interest in its products although the impact of the coronavirus is making it harder to clinch contracts.
DeepMatter has developed technology that allows chemists to record huge amounts of information about experiments online for sharing with others.
The company concluded the first commercial sale for its core DigitalGlassware product in August.
Cancer specialist highlights potential of Glasgow 'digital chemistry' pioneer's technology
After posting an increase in annual losses yesterday, DeepMatter said the impact of the coronavirus on working practices has increased interest in its products.
Chief executive Mark Warne noted: “The need to either close laboratories or reduce the workforce occupancy within laboratories, implement remote working and share data across offsite and onsite teams has highlighted the benefit of the cloud-based sharing of scientific data.”
The company is in promising discussions with several multi-national organisations.
However, Mr Warne added: “We have seen a protraction of contract negotiations with our target customer base of large pharmaceutical organisations, whose immediate focus has been on the reorganisation of their workforces and the prioritisation of Covid-19 related activities.”
Deep Matter praises quality of staff available in Glasgow
DeepMatter said it has taken measures to cut costs to mitigate the impact of Covid-19 on the short term conversion of its sales pipeline.
It said these have included the deferment of board and management and employee salaries and the use of government support schemes where appropriate.
The company employs 20 people in Glasgow.
It had £1.2m revenues in 2019, against none in the preceding year. Pre-tax losses widened to £3.4m from £2m.
DeepMatter was spun out of Glasgow university in 2014.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here