Nanalysis Scientific Corp (NSCI): https://www.newswire.ca/news-releases/na...

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Thursday, 07/22/2021 12:34:47 AM

Thursday, July 22, 2021 12:34:47 AM

https://www.newswire.ca/news-releases/nanalysis-acquires-new-york-based-software-company-880573074.html

"We are pleased to announce that we have acquired 100 percent of One Moon Scientific, a New York based magnetic resonance software company. This acquisition opens up new industry verticals for hardware sales and allows for software licensing and SAAS revenue.

One Moon Scientific specializes in a suite of software tools to streamline and automate Magnetic Resonance (“MR”) data analysis and management. Originally developed at a leading pharmaceutical company, this advanced software platform was designed from the ground up to provide routine, high-performance data processing and fill niches in MR data analysis, including making use of machine learning and database construction/search algorithms.

Nanalysis bought One Moon Scientific for $625,000 USD, of which $275,000 will be paid in cash and $350,000 will be paid through the issuance of four promissory notes. The contract was signed on July 21, 2021 by all parties. Final closing is scheduled for Wednesday, July 28th, 2021."