Mr. Jeff Sherman reports

METTLER TOLEDO AND TELESCOPE INNOVATIONS AGREE TO GLOBALLY DISTRIBUTE TELESCOPE'S FLAGSHIP PRODUCT, DIRECTINJECT-LC(TM)

Telescope Innovations Corp. has signed a distribution agreement with Mettler Toledo for Telescope's on-line chemistry sampling and analysis product, the DirectInject-LC. Mettler Toledo is a global leader of precision instruments and services, including automated chemistry solutions provided by the company's AutoChem unit.

This distribution agreement builds on the success of DirectInject-LC, which has been adopted by 13 of the top 20 pharmaceutical companies in the world in the first year of commercialization.

The agreement between Telescope and Mettler Toledo takes advantage of Mettler Toledo's global reach, sales expertise, technical support and service infrastructure. This will help increase the availability of Telescope's new technology offering, which supports the rapid development of robust, safe and high-quality laboratory and related chemical processes.

"Through the new distribution agreement, we will be able to rapidly bring our products to customers across the globe without requiring a high initial capital outlay, ongoing overhead costs and additional expenses for international distribution," explained Jeff Sherman, chief operating officer of Telescope. "Mettler Toledo's market leadership in the automated chemistry market, with thousands of installations worldwide, is ideally positioned to deliver our game-changing DirectInject-LC technology to research and process development teams across the fine chemical manufacturing and pharmaceutical industries."

"Based on our strong existing relationship, with Mettler Toledo's iC software integrated with DirectInject-LC, it is a natural step to extend this collaboration with this global distribution agreement," says Olivier Ubrich, head of Mettler Toledo's AutoChem business. "With an expanded geographical reach even more firms, from pharmaceuticals to industrial, will be able to visualize, interpret and report the results of their samples."

About DirectInject-LC

DirectInject-LC is a breakthrough tool which allows unattended, continuous process monitoring using high performance liquid chromatography (HPLC), the gold standard for chemical analysis in pharmaceutical and high-value chemical process development. This orthogonal, complementary tool is a powerful extension of the existing portfolio of Mettler Toledo's real-time analysis products and software.

About Telescope Innovations Corp.

Telescope is a chemical technology company developing scalable manufacturing processes and tools for the pharmaceutical and chemical industry. The company builds and deploys new enabling technologies, including flexible robotic platforms, and artificial intelligence software that improves experimental throughput, efficiency and data quality. Telescope Innovations' aim is to bring modern chemical technology solutions to meet the most serious challenges in health and sustainability.

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