Integumen PLC - LabskinAI:agreementswith global cosmetic companies
AIM share code: SKIN
("Integumen" or "Company")
LabskinAI wins new agreements with two Top-10 global cosmetic companies
Integumen today announces that LabskinAI has signed new agreements with two of the Top-10 global cosmetic companies for initial testing on ingredients and products in their portfolio.
These contracts demonstrate an increase in revenue per client as previous clients upgrade from Labskin products purchases to a full virtual service offering and are worth in aggregate in excess of
Today we also announce that LabskinAI has now completed Beta testing and has fully transitioned from a product sale only company to a virtual and physical test platform for healthcare, personal care, skincare, wound care and pharmaceutical drug discovery eco-system.
LabskinAI contracts, which are EU Regulatory driven, illustrate that LabskinAI virtual services and delivery of physical Labskin services using sophisticated technology integration have the potential to elevate skincare product development. These latest agreements endorse Labskin as an ideal partner to global companies for microbiome testing for consumer skin care products and ingredients.
"Integumen is playing a major role in the creation of an innovative AI eco-system that will contribute to the growth of our clients' product range as they develop new skin care products using the LabskinAI virtual platform.
"Right now, LabskinAI serves as a portal for small, medium and large corporations to meet the strict EU regulatory requirements for existing products that are already on the shelf. The repeat custom of two global cosmetic companies is testament to the value of the LabskinAI platform for the entire skin care industry."
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Integumen is a vertically integrated business, collaborating their Labskin technology platform with partners in artificial intelligence, clinical research, medical device and life science. These collaborators are building their own technology on top of the Labskin AI backbone. Labskin allows skin-care, health-care, pharmaceutical manufacturers and cosmetic companies to test their products on human-like skin in a real-world environment with full access to multiple state-of-the-art partner technologies.
The Company combines data analytics with access to therapeutic operational expertise and offers solutions to our clients, from regulatory approvals, right through to marketing fully tested ingredients that have been certified on our Laboratory grown living human tissue.
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