Wedel (Holst.), 28 November 2019

Nynomic AG has reached another strategically very important milestone in the field of consumer applications.

For the booming target market hemp and cannabis, a successful product launch was carried out by Spectral Engines Oy, Helsinki / Finland, integrated as subsidiary in 2018: the MEMS-based sensor from Spectral Engines is the heart of a newly developed handheld for measuring hemp and cannabis substances.

With this new technological solution, the concentration of THC and CBD can now be measured in a contactless and real-time manner using the Nynomic cloud. The transmitted spectral data is processed with machine learning (AI) algorithms in the cloud and the aggregated measured values are displayed – for example on the user’s smartphone.

This very sophisticated technological solution can also be leveraged by other companies in the Nynomic Group to equip additional steps in the production chain with identical measurement technology and data evaluation.

The customer potential for Nynomic thus extends across the entire value chain of this striving industry, from producer to consumer, and thus has a unique selling proposition within the hemp and cannabis markets.

In the future, complex and lengthy laboratory measurements will be replaced by smart and fast applications at various points in the processing and distribution chain of hemp and cannabis.

The marketing and sales of the handheld is carried out by Purpl Scientific Inc., Saint Louis / USA, a wholly owned subsidiary of Spectral Engines Oy (www.purplscientific.com).

The location in the USA was strategically chosen for market development reasons. The US market is already the world’s largest cannabis market, with a total volume of approximately USD 12 billion, with forecasts of a CAGR of around 25% until at least 2025.

All major technologies – sensor, cloud, machine learning (AI) – as well as the data models come from the Nynomic Group, are scalable to the entire processing and distribution chain for hemp and cannabis and thus represent a novelty in the entire industry.

For Nynomic AG, this product launch means that it will be able to take advantage of excellent opportunities in the enormous B2C growth sector with its own developments, demonstrating that products from the Nynomic Group also offer high added value solutions in the consumer environment.

About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation and smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 425 employees.

More information on the company is available on the corporate website at www.nynomic.com/en.

Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com

For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de