

Announcements.

Looking to discover a little more about our client companies?
A selection of news and recent announcements can be found here.
Light Science Tech. : Rentokil Contract Extension and sensorGROW trials
RNS Number : 0767B Light Science Tech. Holdings PLC 29 September 2022 Light Science Technologies Holdings plc ("LSTH", the "Company" or the "Group") Rentokil Contract Extension and sensorGROW trials · Additional orders received worth c.£500,000 from long-standing client · Growing demand for contract electronics manufacturing services ·……
![]()
RNS Number : 0767B
Light Science Tech. Holdings PLC
29 September 2022
Light Science Technologies Holdings plc
("LSTH", the "Company" or the "Group")
Rentokil Contract Extension and sensorGROW trials
· Additional orders received worth c.£500,000 from long-standing client
· Growing demand for contract electronics manufacturing services
· Two trials secured for sensorGROW with potential roll-on subscriptions worth up to £940,000, over a three-year period
Rentokil Orders
Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, is pleased to announce that it has received an additional £500,000 in forward orders from Rentokil Initial plc ("Rentokil"), which are expected to be fulfilled between November 2022 and March 2023. These new orders are in addition to historical forward order profiles.
The Group's CEM division, continues to grow in line with management expectations, driven by a strong demand for UK manufacturing in response to supply chain disruption.
The CEM division formed its customer partnership with Rentokil's pest control business over 10 years ago. The relationship has strengthened over the years with the Group providing a growing range of products.
The Group's CEM division continues to supply products to a growing number of customers across a range of market sectors and to target larger contracts which give better visibility.
sensorGROW Update
The CEA division has signed two trial contracts for the recently launched sensorGROW product. If successful, these trials could roll into subscriptions and be worth up to £940,000 in recurring revenues over a three year period. The Group is in talks regarding a number of other trials.
The Group has already established a strong footprint within the CEA market and the sensorGROW product provides an additional high margin route to market. The sensorGROW product provides recurring revenues as the Company provides technology, data collection, advisory and maintenance services for clients, on a three year contracted basis.
sensorGROW was launched in June 2022 and its t echnology enables farmers to monitor the following key growing factors (which are known as the nine cardinals of plant life) in real-time: air speed, carbon dioxide levels, humidity, light, oxygen, plant disease, soil, temperature and water pH levels – with benefits including reductions in water usage, nutrients, fertilisers and energy while increasing yields and producing healthier crops.
Simon Deacon, CEO and founder of Light Science Technologies, said : "We are delighted that Rentokil has chosen to increase its forward orders with us, as it shows our commitment to quality and high levels of service. This contract demonstrates the continued demand for UK manufacture, as we see customers focus on maintaining mid-term supply chain as well as controlling costs.
"I am also pleased to see confirmation of several sensorGROW trial contracts and expect more to be forthcoming. This demonstrates how growers see the importance of combining intelligence and increasing productivity to maximise yields within their indoor growing environments in a time when energy efficiency is crucial."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
For further information, please contact:
|
Light Science Technologies Holdings plc
|
|
|
Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer |
via Walbrook PR |
|
|
|
|
Strand Hanson Limited (Nominated & Financial Adviser)
|
Tel: +44 (0) 20 7409 3494 |
|
Ritchie Balmer / James Harris / Rob Patrick |
|
|
Turner Pope Investments (TPI) Ltd (Broker) |
Tel: +44 (0) 20 3657 0050 |
|
James Pope / Andy Thacker |
|
|
|
|
|
Walbrook PR Ltd (Media & Investor Relations)
|
Tel: +44 (0)20 7933 8780 or [email protected] |
|
Nick Rome / Paul McManus |
|
About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)
Light Science Technologies Holdings plc is the holding company of the Group's controlled environment agriculture ("CEA") division, Light Science Technologies Ltd ("Light Science Technologies"), and its contract electronics manufacturing ("CEM") division, UK Circuits and Electronics Solutions Limited ("UK Circuits").
Controlled Environment Agriculture
Light Science Technologies was founded in 2019 and is the Company's grow lights and sensor technology business, providing bespoke recipes and technologies tailored to customers' needs – with key targets including indoor, vertical, glasshouses, polytunnels and medicinal farming markets. The all-in-one CEA solution will include analysing customers' crop growing requirements to provide bespoke, low-energy and sustainable equipment.
Market drivers include food and water shortages in many parts of the world; growing global population; UK and other government policy encouraging sustainable and efficient growth methods; increased scrutiny of the effect of food production on climate change and the continuing transition away from processed foods.
Contract Electronics Manufacturing
UK Circuits is the Company's CEM focussed division, profit making with strong revenues. The Group designs, procures, and manufactures high-quality CEM products, specialising in Printed Circuit Boards, which are used in a range of sectors including audio, automotive, electronics, gas detection, lighting, pest control, telecommunications and, more recently, the CEA market.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
CNTPPUWGBUPPGBR
CloseCML Microsystems PLC : CML plans for new business hub at Oval Park
RNS Number : 5341A CML Microsystems PLC 26 September 2022 26 September 2022 CML Microsystems Plc ("CML", the "Company" or the "Group") CML plans for new state of the art business hub at Oval Park CML Microsystems Plc, which develops mixed-signal, RF and microwave semiconductors for global communications……
![]()
RNS Number : 5341A
CML Microsystems PLC
26 September 2022
26 September 2022
CML Microsystems Plc
("CML", the "Company" or the "Group")
CML plans for new state of the art business hub at Oval Park
CML Microsystems Plc, which develops mixed-signal, RF and microwave semiconductors for global communications markets, is pleased to announce plans to create significant and sustainable employment opportunities at its current 29-acre site located at Oval Park, Maldon.
On 5 July 2022, the Company announced in its final results that its Oval Park site is designated employment land in the Maldon District Plan and part of this land is excess to CML's trading requirements, which had led the Company to sign sale contracts with two separate parties, subject to them gaining appropriate planning permission for development on approximately 13 acres of land. A series of planning applications have now been submitted to Maldon District Council to create a state-of-the-art business park hub and additionally the site will house two world leading organisations in their respective fields, Maldon Crystal Salt company and Tecniq, whose relocation to the site will provide the corner stone of the development.
The transformation of the 29-acre brownfield Oval Park site, which CML has owned for over 20 years, into an exciting new business development with spacious offices, warehousing and world-class R&D facilities is expected to bring over 200 jobs to the district by 2024 and potentially many more in the next few years.
The development of the site marks a milestone in the Group's strategy to dispose of excess land where it is in shareholders' interests to do so.
Subject to planning permission, work is due to start on the site in 2023.
Nigel Clark, Chairman of CML Microsystems commented :
"The creation of a state of the art business park coupled with the relocation of the Maldon Salt Company and Tecniq, two world leading organisations in their respective fields, co-locates a trio of quality British companies providing the corner stone of the development – the best of British. The development of the Business Park provides other organisations the opportunity to join us and locate to Oval Park, attracting further investment into the Maldon District whilst also providing local companies the opportunity to raise their profile."
About Maldon Salt
Maldon Salt is the UK's leading salt brand, founded in Maldon in 1882. Maldon is a Royal Warrant holding family run business, dedicated to investing in its number one asset, its people. Exporting to over 60 countries around the world, Maldon is dedicated to its CSR mission and is a World Land Trust partner. Maldon has ambitious, innovative growth plans and has produced successful, sustainable year and year growth.
About Tecniq
Tecniq is a world class design and technology lead manufacturing company, with a 20-year pedigree working for car manufacturers worldwide, including Aston Martin, Bentley, Porsche Singer and Tesla. Tecniq is proud of its global reputation for combining creativity, innovation and craftmanship. Tecniq has grown rapidly in the past six years and is looking to grow its team to over 200 people by the end of 2022, including by investing in training and apprenticeships for current and new workers and is currently working alongside the University of East Anglia on graduate placements.
|
CML Microsystems Plc Chris Gurry, Group Managing Director
|
www.cmlmicroplc.com |
|
Shore Capital (Nominated Adviser and Broker) Advisory Corporate Broking
|
Tel: +44(0)20 7408 4090 |
|
Alma PR Josh Royston |
Tel: +44 (0)20 3405 0212
|
About CML Microsystems PLC
CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading commercial and industrial product manufacturers.
The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).
The Group is cash-generative, has no debt and is dividend paying.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDSEAFMLEESEDU
CloseDev Clever Holdings : Launch of Career Success Membership Program
RNS Number : 0577A Dev Clever Holdings PLC 21 September 2022 RNS REACH Dev Clever Holdings plc ("Dev Clever", the "Group" or the "Company") Launch of CSMP for Launchmycareer Dev Clever (LSE: DEV), a leading developer of online and immersive career guidance, learning and……
![]()
RNS Number : 0577A
Dev Clever Holdings PLC
21 September 2022
RNS REACH
Dev Clever Holdings plc
("Dev Clever", the "Group" or the "Company")
Launch of CSMP for Launchmycareer
Dev Clever (LSE: DEV), a leading developer of online and immersive career guidance, learning and development platforms, is pleased to announce that it will be exhibiting at DIDAC, Asia's largest education conference and exhibition held at Bangalore, India where it will unveil further progress on its Launchmycareer ("LMC") platform with the launch of its Career Success Membership Program ("CSMP").
DIDAC – this year being held from 21-23 September – showcases the latest trends in the education industry and aims to evoke a healthy discussion around the reshaping of career guidance to enable educational institutions to keep up with the rapid advancements in the sector.
Dev Clever's CSMP brings a tech-driven roadmap that weaves career-readiness into the educational framework in an age-appropriate manner. The Company's LMC experts and career counsellors will participate in the exhibition via workshops, panel discussions, and talks focused on career guidance, emphasising the need to address the employability gap with skills development.
In addition to the launch of CSMP, Dev Clever's LMC representatives will be exhibiting and showcasing its new membership card that can be purchased in bulk by schools enrolled in the CSMP to distribute to their students. Through the card, students will be able to access careers counselling and assistance, have unlimited access to careers databases, and gain exclusive access to the world's first careers metaverse. Dev Clever will also partner with third party businesses, such as retailers and brands, to enable card users to be incentivised with relevant discounts and rewards for their use of the card.
Through its existing network and relationships with schools in India, Dev Clever has been pre-marketing the CSMP and its membership cards to a limited number of schools. This has resulted in pre-orders for over 5,000 subscriptions reflecting the Company's already strong positioning ahead of the national Indian rollout of LMC this October.
Ankur Aggarwal and Chris Jeffries, Joint CEOs of Dev Clever, commented:
"We are thrilled to have received such a positive response to CSMP and the membership card so far and look forward to their formal unveiling at DIDAC. We could not have asked for a better launch pad than this exhibition. The world of career development is undergoing enormous change and institutions, educators, counsellors, and thought leaders must come together to provide opportunities for students to better prepare for the world of work. With the launch of CSMP and the membership card, we are one step closer to this vision of helping students become future-ready."
-Ends-
For more information:
|
Dev Clever Holdings plc Christopher Jeffries Joint Chief Executive Officer and Executive Chairman
Ankur Aggarwal
Nicholas Ydlibi |
+44 (0) 1827 930 408 |
|
|
|
|
Novum Securities Limited – Financial Adviser & Joint Broker Colin Rowbury David Coffman |
+44 (0) 20 7399 9400 |
|
|
|
|
finnCap Limited – Joint Broker Jonny Franklin-Adams / Abigail Kelly / George Dollemore (Corporate Finance) Richard Chambers / Harriet Ward (ECM) |
+44 (0) 20 7220 0500 |
|
|
|
|
Buchanan Communications Chris Lane / Kim van Beeck / Toto Berger |
+44 (0) 207 466 5105 |
Notes to Editors:
About Dev Clever
Dev Clever Holdings plc, together with its wholly owned subsidiaries, is a software and technology group based in Stafford, United Kingdom, and Noida, India, specialising in the use of lightweight integrations of cloud-based VR and gamification technologies to deliver rich customer engagement experiences across both the education and commercial sectors. In January 2019, Dev Clever listed on the Standard List of the London Stock Exchange. The Group's core focus is the development and commercialisation of its core Educate platforms.
Dev Clever aims to reduce the global skills shortage by delivering an enhanced careers guidance service via its online platforms, Launchmycareer.com and Launchyourcareer.com, and virtual reality software (Victar VR). The business has established a global partnership with Lenovo to roll out its service worldwide, with offerings already on the market in the UK, US, and Canada. Dev Clever is also focused on the Indian market and has partnered with the National Independent Schools Alliance (NISA) to provide a comprehensive service offering within Indian budget private schools. Through this, the business has been developing and has launched a direct-to-consumer offering in India.
For further information, please visit www.devcleverholdingsplc.com
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NRABKKBKFBKDDCB
CloseOsirium Technologies : Significant contract extension
RNS Number : 9262Z Osirium Technologies PLC 20 September 2022 20 September 2022 Osirium Technologies plc ("Osirium" or the "Group") Significant contract extension Osirium PAM commitment extended for a further three years Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity and IT……
![]()
RNS Number : 9262Z
Osirium Technologies PLC
20 September 2022
20 September 2022
Osirium Technologies plc
("Osirium" or the "Group")
Significant contract extension
Osirium PAM commitment extended for a further three years
Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity and IT automation software, is pleased to announce that it has agreed a three-year Privileged Access Management ("PAM") licence extension with an existing customer (the "Customer"), a leading provider of IT services to local and national government in the UK.
The Customer initially purchased Osirium PAM in 2019 and rapidly grew from 250 to 2,600 licenses within the first year. The Customer has now decided to renew their commitment to Osirium PAM for another three years in a contract with a total value over £290k.
In line with the Group's SaaS business model, the full licence fee is payable at the outset and will be reflected in bookings and cash in the current financial year, with revenue being recognised over the three-year term, further underpinning management expectations for the current year.
David Guyatt, Chief Executive Officer, commented:
"We are delighted to have agreed this three-year extension, reflecting the ongoing value and importance of privileged security to our customers when cyber-attacks have never been more prolific.
"In line with our land-and-expand strategy, we continue to focus on increasing contract values, product take-up and device numbers with our existing customers alongside new customer acquisition."
|
Contacts: |
|
|
|
|
|
Osirium Technologies plc |
Tel: +44 (0)1183 242 444 |
|
David Guyatt, CEO |
|
|
Rupert Hutton, CFO |
|
|
|
|
|
Allenby Capital Limited (Nominated adviser and broker) |
Tel: +44 (0)20 3328 5656 |
|
James Reeve / George Payne (Corporate Finance) |
|
|
Tony Quirke (Sales and Corporate Broking) |
|
|
|
|
|
Alma PR (Financial PR adviser) |
Tel: +44 (0)20 3405 0205 |
|
Hilary Buchanan |
|
|
Kieran Breheny |
|
|
William Ellis Hancock |
|
About Osirium Technologies Plc
Osirium Technologies plc (AIM: OSI) is a leading UK-based cybersecurity software vendor delivering Privileged Access Management (PAM), Privileged Endpoint Management (PEM) and Osirium Automation solutions that are uniquely simple to deploy and maintain.
With privileged credentials involved in over 80% of security breaches, customers rely on Osirium PAM's innovative technology to secure their critical infrastructure by controlling 3rd party access, protecting against insider threats, and demonstrating rigorous compliance. Osirium Automation delivers time and cost savings by automating complex, multi-system processes securely, allowing them to be delegated to Help Desk engineers or end-users and to free up specialist IT resources. The Osirium PEM solution balances security and productivity by removing risky local administrator rights from users, while at the same time allowing escalated privileges for specific applications.
Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to trading on AIM in April 2016. For further information please visit www.osirium.com .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
CNTBKCBDABKDPCD
CloseLight Science Tech. : Zenith Nurseries Contract and UKRI Grant Update
RNS Number : 6592Z Light Science Tech. Holdings PLC 16 September 2022 Light Science Technologies Holdings plc ("LSTH", the "Company" or the "Group") Zenith Nurseries Contract and UKRI Grant Update · First Gateway of Zenith Contract now complete · Early commencement of first phase of Gateway 4……
![]()
RNS Number : 6592Z
Light Science Tech. Holdings PLC
16 September 2022
Light Science Technologies Holdings plc
("LSTH", the "Company" or the "Group")
Zenith Nurseries Contract and UKRI Grant Update
· First Gateway of Zenith Contract now complete
· Early commencement of first phase of Gateway 4
· Increased value of UKRI Grant
Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, provides an update on progress on its contract with Zenith Nurseries Ltd ("Zenith Nurseries") to develop a cloche lighting and sensor technology system.
The Company is pleased to announce that the project's first milestone, Gateway 1 – to develop the cloche lighting system and demonstrate viability – is now complete, resulting in revenue of £51,000 for the Group.
Reordering of implementation programme
As further detailed in the Company's Admission Document, the project is broken into four gateways which are specified to prototype, develop, and commercialise the offering. Following the success of Gateway 1, the customer has redefined its near-term priorities in response to ongoing energy and import conditions, and to increase focus on the lighting element of the rolling cloche. This will place further emphasis on growing more indoors, mitigating the impact of unpredictable and extreme weather conditions and climate change, with a view to increasing yields and extending the growing season.
Therefore, the project gateways have been re-ordered, bringing the first phase of Gateway 4 forward. This phase is now set to proceed before Gateways 2 and 3, and will see the incorporation of the rolling cloche device within new polytunnels. This phase is expected to commence in the first half of 2023 with potential revenues of c.£1.9 million . The Company is also exploring new potential revenue generating additions to the cloche design in order to make the units more self-sufficient in terms of energy usage, using solar power and batteries.
The overall time scale and potential contract value of £13.84 million remains unchanged.
UKRI Grant Update
The Company will now take full responsibility for the development of the harvesting elements alongside specialist contractors, which means that the value of the UK Research and Innovation ("UKRI") grant receivable by the Group has increased to £621,077, for this project.
As previously announced on 15 February 2022, the grant was awarded by UKRI, the UK's innovation agency, as part of its Farming Initiative Pathway (FIP) consortium for more sustainable and efficient plant growth in the UK agricultural sector.
Simon Deacon, CEO and founder of Light Science Technologies, said : "We are delighted with the progress made on the project and the agility of our relationship with Zenith Nurseries, which has allowed a reordering of workflow to bring forward part of Gateway 4.
"The cloche lighting and sensor technology system is as exciting as it is innovative. With applications across multiple plant varieties, we believe there will be significant demand for this solution as food security becomes progressively more crucial in a changing world.
"Importantly, given the numerous issues associated with climate change, which have and will severely impact growing conditions, our solutions enable growers to produce crops more locally, all year round."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
For further information, please contact:
|
Light Science Technologies Holdings plc
|
|
|
Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer |
via Walbrook PR |
|
|
|
|
Strand Hanson Limited (Nominated & Financial Adviser)
|
Tel: +44 (0) 20 7409 3494 |
|
Ritchie Balmer / James Harris / Rob Patrick |
|
|
Turner Pope Investments (TPI) Ltd (Broker) |
Tel: +44 (0) 20 3657 0050 |
|
James Pope / Andy Thacker |
|
|
|
|
|
Walbrook PR Ltd (Media & Investor Relations)
|
Tel: +44 (0)20 7933 8780 or [email protected] |
|
Nick Rome / Paul McManus |
|
About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)
Light Science Technologies Holdings plc is the holding company of the Group's controlled environment agriculture ("CEA") division, Light Science Technologies Ltd ("Light Science Technologies"), and its contract electronics manufacturing ("CEM") division, UK Circuits and Electronics Solutions Limited ("UK Circuits").
Controlled Environment Agriculture
Light Science Technologies was founded in 2019 and is the Company's grow lights and sensor technology business, providing bespoke recipes and technologies tailored to customers' needs – with key targets including indoor, vertical, glasshouses, polytunnels and medicinal farming markets. The all-in-one CEA solution will include analysing customers' crop growing requirements to provide bespoke, low-energy and sustainable equipment.
Market drivers include food and water shortages in many parts of the world; growing global population; UK and other government policy encouraging sustainable and efficient growth methods; increased scrutiny of the effect of food production on climate change and the continuing transition away from processed foods.
Contract Electronics Manufacturing
UK Circuits is the Company's CEM focussed division, with strong revenue and cash generation. The Group designs, procures, and manufactures high-quality CEM products, specialising in Printed Circuit Boards, which are used in a range of sectors including audio, automotive, electronics, gas detection, lighting, pest control, telecommunications and, more recently, the CEA market.
LED Grow-Lighting Cloche/Rig Cloche
The LED grow-lighting cloche/rig is expected to be the first retrofittable, all-in-one lighting-sensing-automation rig designed for polytunnels and glasshouses, bringing controlled environment technology to, and providing year-round harvests for, the grower. The sensor element of the system will provide increased monitoring and data, which will enable greater efficiency in the use of resources, such as energy, nutrients and water, which will ultimately result in reduced costs and higher yields.
Once development is complete, the cloche system has the potential to generate significant one-off hardware revenues and recurring revenues from growers, lasting up to 25 years through the deployment of data, upgrades, replacements, data analysis and in future AI.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCFZGMLKKRGZZM
CloseLoopUp Group PLC : Material Contract Win; Business and Trading Update
RNS Number : 9000X LoopUp Group PLC 01 September 2022 1 September 2022 LOOPUP GROUP PLC ("LoopUp" or the "Group") Material Contract Win; Business and Trading Update LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, is pleased to announce a new material contract……
![]()
RNS Number : 9000X
LoopUp Group PLC
01 September 2022
1 September 2022
LOOPUP GROUP PLC
("LoopUp" or the "Group")
Material Contract Win; Business and Trading Update
LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, is pleased to announce a new material contract win for the Group, and provide both a strategic business update for Cloud Telephony, its primary growth line of business, and a trading update for the six months ended 30 June 2022.
Highlights
|
· |
Meetings: New material contract win expected to generate c.£10 million of revenue and c.£5 million of net cash in the 12 months from October 2022 to September 2023 |
|
· |
Cloud Telephony: 133% increase in customer wins and 252% increase in individual contract wins during the second year post service launch |
New material contract win
The Group has entered into a revenue sharing and customer transfer agreement with American Teleconferencing Services, Ltd. and Audio Telecommunications Technology II LLC (together "PGi Connect"), a provider of conferencing services. Under the agreement, LoopUp has the rights (but not the obligation) to transfer materially all of PGi Connect's conferencing services customers (but not its webcasting customers) over to LoopUp.
There is no initial or fixed consideration payable to PGi Connect for the transfer of its customers to LoopUp. Instead, the Group has agreed to pay PGi Connect a share of revenue invoiced and received from successfully transferred customers for a period of three years.
This is a highly material contract for the Group in terms of its expected cash generation. After making prudent assumptions for the expected timing of customer transfers, customer losses due to the transfer, and general ongoing business attrition, the Group nevertheless expects this contract:
|
· |
to increase LoopUp's revenues materially from October 2022 onwards, with revenue run rate ramping up thereafter through to the FY2022 year-end; and |
|
· |
in the twelve months from October 2022 to September 2023, to generate revenue of approximately £10 million, at a gross margin of approximately 60% after both LoopUp's cost of goods sold and payment of PGi Connect's revenue share1, and provide net cash contribution to the Group of approximately £5 million over the period after other associated cash costs. |
It is not possible to quantify the historical profit from customers that will ultimately transfer given that inter alia: (i) the agreement gives LoopUp the option but not the obligation to transfer customers; (ii) there will be churn of PGi Connect customers prior to transfer; and (iii) some customers are expected to be lost during the transfer.
The Group emphasises that while this contract is clearly material and highly cash generative, it does not alter the Group's strategic transition towards hybrid communications solutions, namely Cloud Telephony and Hybridium, and to the contrary, provides the Group with valuable investment capacity into these long-term growth lines of business.
Steve Flavell and Michael Hughes, co-CEOs of LoopUp, commented:
"This is clearly a very significant transaction for the Group as we continue to manage our business through its strategic transition to premium hybrid communications. In addition to the material expected cash generation, it will also bring telecommunications purchasing scale that will benefit our growing Cloud Telephony business. PGi Connect has a long history of leadership in the conferencing services industry and we are excited to bring LoopUp Meetings to their customers. We thank the PGi Connect team for working so productively with us to conclude the agreement, and we look forward to continuing to do so during the customer transition project ahead."
Michele Dobnikar, President of PGi Connect, commented:
"We are pleased to announce this transaction with LoopUp, who is one of very few operators capable of taking on and looking after such a sizable and global customer book to the exacting standards expected by our customers. We look forward to continuing to work with the LoopUp team for a smooth and timely transition of the business."
Cloud Telephony strategic business update
In Q3 2020, the Group launched its Cloud Telephony solution, which has since developed into its primary growth line of business for the long-term future of the Group. The Cloud Telephony market is forecast to grow to £29 billion by 20252, and the Group's aspiration is to become one of a small number of winners in the multinational mid-market and enterprise segment, providing customers with single-vendor service provision globally rather than the status quo of multiple telecommunications carriers in specific countries and regions.
Since launch, the Group has secured 60 customer wins, comprising 131 individual contracts, and has done so at an accelerating win rate:
|
· |
133% increase in customer wins, with 42 won during the second year post service launch ending August 2022 (18 during the first year post service launch ending August 2021); and |
|
· |
252% increase in individual contract wins, with 102 won during the second year post service launch ending August 2022 (29 during the first year post service launch ending August 2021). The greater acceleration in contract wins versus customer wins reflects the 'layering effect' from progressive geographic customer rollouts – i.e. approximately one third of the contract wins in the second year post launch were from customers won in the first year post launch. |
In aggregate, these 60 customer wins represent:
|
· |
Minimum Annual Recurring Revenue (ARR) of £1.2 million and minimum Total Contract Value (TCV) of £4.3 million, based on minimum contracted levels; |
|
· |
Expected ARR of c.£2.4 million and expected TCV of c.£7.8 million, based on expected rollout levels, where LoopUp has relatively strong visibility of customer intent based on conversations, planning and pricing; and |
|
· |
Potential ARR of c.£5.2 million and potential TCV of c.£16.1 million, based on identified potential rollout levels but where LoopUp currently has less clear visibility of customer intent. |
Operationally, all customer deployments to date have been successful, and all rollouts are progressing positively.
In addition to these 60 customer wins, the Group's sales pipeline of potential new Cloud Telephony opportunities continues to grow and now stands at more than £100 million of additional potential ARR, of which approximately 15% is at written proposal stage or later.
The Group is achieving this strong and accelerating commercial traction in Cloud Telephony due to its differentiated offer for multinational mid-market and enterprise customers versus competition from telecommunications carriers and UC platform calling plans. Specifically, this includes the Group's:
|
· |
licensed and regulated geographic coverage; |
|
· |
highest quality and resilient audio routing across 19 tier-1 carrier partners; |
|
· |
customer connectivity options – UC-integrated / SIP / hybrid – for future-proofed customer decision-making at varied stages of the Cloud Telephony journey; |
|
· |
Microsoft 'Advanced Specialization' expertise (level above gold) in Teams telephony for design, configuration and implementation customer support; |
|
· |
Global Management Portal for consistent service visibility and administration, globally; and |
|
· |
PerfectBundle pricing for spend commitment pooling across global billing entities. |
H1 2022 trading update and outlook
The Group expects revenues of approximately £6.6 million for the six month period ended 30 June 2022, at a gross margin of approximately 67%, and an EBITDA loss of approximately £1.5 million. Net debt was approximately £8.0 million at 30 June 2022, prior to the receipt of an R&D tax credit of c.£1.9 million that the Group expects to receive within the next 60 days.
Given the material contract announced today with PGi Connect, combined with the development of ARR from Cloud Telephony, the Group now expects:
|
· |
FY2022 revenue to be marginally above market expectations, at marginally lower profitability after some additional required investment associated with the PGi Connect customer transfer project; and |
|
· |
FY2023 revenue to be materially above market expectations at materially higher profitability. |
The Group will announce its unaudited interim results for the period ended 30 June 2022 by the end of September 2022.
Market abuse regulation:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
|
1 |
Expected to be approximately 13% on a weighted average basis across different product categories |
|
2 |
Source: Gartner, 2022
|
For further information, please contact:
|
LoopUp Group plc |
via FTI |
|
|
Steve Flavell, co-CEO |
|
|
|
Panmure Gordon (UK) Limited |
+44 (0) 20 7886 2500 |
|
|
Dominic Morley / Alina Vaskina (Corporate Finance) |
|
|
|
Erik Anderson (Corporate Broking) |
|
|
|
Cenkos Securities Limited |
+44 (0) 20 7397 8900 |
|
|
Giles Balleny / Dan Hodkinson (Corporate Finance) |
|
|
|
Alex Pollen (Sales) |
|
|
|
|
|
|
|
FTI Consulting, LLP |
+44 (0) 20 3727 1000 |
|
|
Matt Dixon / Jamille Smith / Tom Blundell |
|
|
About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a cloud platform for premium hybrid communications. The Group's flagship Cloud Telephony solution for Microsoft Teams enables multinational enterprises to consolidate their global telecommunications into a single, consistently managed cloud implementation rather than disparate implementations from multiple carriers. The Group's hybrid auditorium and events solution, Hybridium (www.hybridium.com), brings unrivaled engagement and analytics to larger scale hybrid education, training and events such as management onsites, departmental kick-offs, capital markets days and thought leadership seminars.
The Group is listed on the AIM market of the London Stock Exchange (LOOP) and is headquartered in London, with offices in the US, Spain, Germany, Hong Kong, Barbados and Australia.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCGUGDCIDGDGDB
CloseShearwater Group PLC : Contract Renewal
RNS Number : 8480X Shearwater Group PLC 01 September 2022 01 September 2022 RNS Reach SHEARWATER GROUP PLC ("Shearwater", or the "Group") Contract Renewal Brookcourt Solutions secures contract renewal with a leading British telecoms business Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security……
![]()
RNS Number : 8480X
Shearwater Group PLC
01 September 2022
01 September 2022
RNS Reach
SHEARWATER GROUP PLC
("Shearwater", or the "Group")
Contract Renewal
Brookcourt Solutions secures contract renewal with a leading British telecoms business
Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions, has secured a significant support contract renewal with a leading British telecommunications company headquartered in London, England.
The renewal is for a support contract for a data protection and monitoring platform with the company, which provides mobile, telephone, television, and internet services across the United Kingdom.
The contract value exceeds £980,000 across the next 12 months and ensures that Brookcourt's client continues its use of effective data protection, solutions and tools to protect its proprietary data, as well as its customers' critical data. The solution improves the organisation's overall security; helping mitigate database risks and detecting compliance and security policy violations.
Phil Higgins, Group Chief Executive Officer of Shearwater, commented:
"We are delighted to be part of a security programme with one of the UK's largest telecommunications companies. This renewal is another great example of how we continue to partner with our customers so that they can better understand, manage, and reduce their cybersecurity risk."
Enquiries:
|
Shearwater Group plc David Williams, Chairman Phil Higgins, CEO
|
www.shearwatergroup.com c/o Alma PR |
|
Cenkos Securities plc – NOMAD and Joint Broker Ben Jeynes / Max Gould – Corporate Finance Alex Pollen / Michael Johnson – Sales
|
+44 (0) 20 7397 8900 |
|
Berenberg – Joint Broker Matthew Armitt / Mark Whitmore
|
+44 (0) 20 3207 7800 |
|
Alma PR Justine James / Joe Pederzolli |
+44 (0) 20 3405 0205 |
This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.
About Shearwater Group plc
Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.
The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.
The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.
Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com .
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NRABCGDILUXDGDB
CloseNanoco Group PLC : Two Grant Funding Awards
RNS Number : 6695X Nanoco Group PLC 31 August 2022 FOR IMMEDIATE RELEASE 31 August 2022 Nanoco Group PLC ( " Nanoco", the " Group ", or the " Company") Two Grant Funding Awards for Quantum Technology Projects Nanoco Group plc (LSE: NANO), a world……
![]()
RNS Number : 6695X
Nanoco Group PLC
31 August 2022
FOR IMMEDIATE RELEASE 31 August 2022
Nanoco Group PLC
( " Nanoco", the " Group ", or the " Company")
Two Grant Funding Awards for Quantum Technology Projects
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from its technology platform, today announces that it has secured grant funding from Innovate UK, the UK's innovation agency, for two leading edge development projects for novel nanomaterials that build on Nanoco's unique patented technology:
· The first covers the development of singly-doped colloidal dots for potential use in quantum technology applications and has been won in collaboration with The University of Manchester.
· The second is to develop a new material set, based on alternative chemical elements, for potential use in infra-red sensing and other consumer electronics applications.
The two projects will last 18 and 12 months respectively and will commence early in Nanoco's FY23. They will deliver funding to Nanoco of around £0.3m in FY23 and around £0.2m in FY24. Any medium term value implications of the projects will depend on the research outcomes.
Brian Tenner, Nanoco's CEO, commented:
"These Innovate grants highlight Nanoco's position as the leading edge developer of novel nano-materials for electronics applications. The two projects build on Nanoco's existing extensive IP portfolio and the expert know-how of our team. They will help to consolidate our position as the leading producer of nano-materials for use in infra-red sensing applications, whilst also expanding into exciting new areas of opportunity."
– Ends –
The person responsible for arranging for the release of this announcement on behalf of Nanoco is Liam Gray, CFO & Company Secretary.
The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.
FORWARD LOOKING STATEMENTS
This announcement (including information incorporated by reference in this announcement) and other information published by Nanoco may contain statements about Nanoco that are or may be deemed to be forward looking statements. Such statements are prospective in nature. All statements other than historical statements of facts may be forward looking statements. Without limitation, statements containing the words "targets", "plans", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "estimates", "projects" or "considers" or other similar words may be forward looking statements.
Forward looking statements inherently contain risks and uncertainties as they relate to events or circumstances in the future. Important factors such as business or economic cycles, the terms and conditions of Nanoco's financing arrangements, tax rates, or increased competition may cause Nanoco's actual financial results, performance or achievements to differ materially from any forward looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward looking statements, which speak only as of the date hereof. Nanoco disclaims any obligation to update any forward looking or other statements contained herein, except as required by applicable law.
For further information, please contact:
Nanoco Group PLC :
Brian Tenner, CEO +44 (0) 1928 761 404
Liam Gray, CFO & Company Secretary +44 (0) 1928 761 404
Peel Hunt (Joint Corporate Broker):
Edward Knight +44 (0) 20 7418 8900
Nick Prowting
Turner Pope Investments (Joint Corporate Broker):
Andrew Thacker +44 (0) 20 3657 0050
James Pope
MHP Communications : +44 (0) 203 128 8570
Reg Hoare
Pete Lambie
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are materials with dimensions typically in the range 1 – 100 nm. Nano-materials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nano-material that have size-dependent optical and electronic properties. The Group produces quantum dots and other nano-materials. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Display, Sensor and Electronics markets. An interesting property of quantum dots is their absorption spectrum. Nanoco's HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectrum, rendering them useful for applications including image sensors. Another interesting property of quantum dots is photoluminescence: the emission of longer wavelength light upon excitation by light of a shorter wavelength. The colour of light emitted depends on the particle size. Nanoco's CFQD®quantum dots are free of cadmium and other toxic heavy metals, and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of applications including displays, lighting and biological imaging.
Nanoco was founded in 2001 and is headquartered in Runcorn, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.
About Innovate UK, the UK's innovation agency
Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. We connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth.
We fund business and research collaborations to accelerate innovation and drive business investment into R&D. Our support is available to businesses across all economic sectors, value chains and UK regions. Innovate UK is part of UK Research and Innovation. For more information visit www.innovateuk.ukri.org
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCPMMBTMTMJTPT
CloseUnigel Group PLC : Admission to Trading and First Day of Dealings
RNS Number : 2959X Unigel Group PLC 26 August 2022 26 August 2022 Unigel Group plc (the "Company" or the "Group") Admission to Trading and First Day of Dealings Unigel Group plc (AQSE:UNX), the holding company for its wholly-owned operating subsidiary, Unitape Limited ("Unitape"), and……
![]()
RNS Number : 2959X
Unigel Group PLC
26 August 2022
26 August 2022
Unigel Group plc
(the "Company" or the "Group")
Admission to Trading and First Day of Dealings
Unigel Group plc (AQSE:UNX), the holding company for its wholly-owned operating subsidiary, Unitape Limited ("Unitape"), and its 60 per cent. owned operating subsidiary, Unigel (UK) Limited ("Unigel"), which develop and manufacture components used in the production of fibre optic cables, announces that trading in its ordinary shares will commence on the Aquis Stock Exchange Growth Market ("AQSE") at 8:00 a.m., today ( 26 August 2022), under the ticker "UNX" and ISIN: GB00BPP4RY41 .
The Company has been admitted to the Access Segment of AQSE ("Admission") following successful completion of a subscription, raising gross proceeds of c.£0.8m.
The Board of the Company comprises Kwang Hua ("Eric") Chhoa, Chief Executive Officer, Gary Revel-Chion, Director, Sven ("Janne") Sjoden, Non-executive Chairman, and Azlinda Ariffin, Non-executive Director. Further information on the directors' biographies can be found below.
The issued share capital of the Company on Admission comprises 11,285,000 ordinary shares.
Overview of the subsidiaries
Unigel
Unigel formulates, manufactures, and markets thixotropic gels primarily to the fibre optic cable industry. In addition, it also makes specialty gel products for the construction, green energy, and high voltage transmission apparatus markets. For the year ended 31 December 2021, Unigel had revenue of £12.4m and profit after tax of c.£0.2m.
Unitape
Unitape commenced its business activities as a trader of co-polymer steel tapes, and after 10 years of trading, the company progressed to backward integrate into the slitting of co-polymer jumbo rolls into steel tapes. To facilitate this, the company established a US subsidiary-Unitape (USA), LLC and leased a 30,000 sq ft production space in Conover, North Carolina for its slitting business. In 2017, Unitape (USA), LLC became a wholly owned subsidiary of Unitape. For the year ended 31 December 2021, Unitape had revenue of £9.3m and profit after tax of c.£0.4m.
Eric Chhoa, Chief Executive Officer, commented:
"Our admission onto the AQSE Growth market represents an important milestone for the Group. Access to capital markets will support future business expansion and talent acquisition. We have assembled a strong board to guide the Group and we are excited to progress with the support of our shareholders."
The Company's Admission Document is available to view here: www.unigel.com
The Directors of the Company accept responsibility for the contents of this announcement.
Enquiries:
|
Unigel Group plc |
|
|
Eric Chhoa Lim Bee Khin |
+81 7022613812 +60 123018900 |
|
|
|
|
Cairn Financial Advisers LLP (AQSE Corporate Adviser) |
|
|
James Lewis Jo Turner Ludovico Lazzaretti |
+44 (0) 20 72130 880 |
|
|
|
Further information
Thixotropic gels
Thixotropic gels are made from a proprietary formulation of specialty polymers, high grade base-oils and other specialty active chemical compounds. Typically, fibre optic cables are manufactured in special manufacturing environments at a high production speed. As a protective buffering agent for the fibre optic cable, the thixotropic gel must meet and maintain an operating viscosity range to do its work effectively. However, the operating viscosity inside the cable is too high for thixotropic gels to be applied into the buffer tubes without lowering the viscosity of the thixotropic gel. The viscosity of the thixotropic gel must be reduced to enable precision filling of the buffer tubes with thixotropic gels at high speed. To enable this to happen, buffering gels used for fibre optic cables are engineered to be thixotropic. Thixotropy is essentially a time-dependent sheer thinning property. When sheer stress (or agitation) is applied to the thixotropic gel during the production process, the viscosity of the thixotropic gel is reduced, enabling the less viscous gel to be applied easily and efficiently at high production speed. After the sheered thixotropic gel is flooded into the buffer tube, the thixotropic gel will return to its original viscosity after a finite period, allowing it to perform its intended purpose as a buffering agent. It is estimated that an average kilometre of optical fibre cable uses approximately 10-25 kg of thixotropic gel as a buffering agent. The quantity of thixotropic gel used is dependent on cable design and construction, as well as the fibre count inside a fibre optic cable.
Steel tapes
Armoured fibre optic cables have a layer of co-polymer steel tape wrapped around a pre-jacketed cable. In a typical cable production process, semi-finished pre-jacketed cables are wrapped by co-polymer or laminated steel tapes as the cable goes through a "wrapper die" which forms a concentric steel wrap before the cable is extruded or jacketed with high density polypropylene (HDPE). The combination of the laminated steel tape and HDPE jacket as a protective shell prevents moisture ingression and physical impact. With enhanced physical properties, steel tape armoured fibre optic cables can be deployed without the use of ducts in demanding physical environment from high traffic urban roads to water-logged terrains in suburban or rural conditions.
Directors
Sven Janne Sjödén (Age 77), Non-executive Chairman
Janne was appointed as Chairman of Unigel Group plc with effect from Admission. Janne has been the Chairman of Unigel since 2014. Janne had an extensive career at Telefonaktiebolaget LM Ericsson, Sweden where he held numerous leadership and senior management roles including as the President and board member of Ericsson Network Technologies AB. He has previously served as an adviser to Handelsbanken AB, and was the Chairman and board member of The Hoverline Group AB in Sweden from 2008 to 2013. Janne graduated with a Bachelor of Science in Economics from the University of Uppsala, Sweden.
Kwang Hua ("Eric") Chhoa (Age 57), Chief Executive Officer
Eric was appointed to the Board of Unigel Group plc on 23 February, 2022. Eric has founded, built and acquired numerous companies in the telecommunications cable, cable components and services areas over the past 25 years. In 2014 and 2017, Hikari Capital Limited, a company which Eric controls, acquired 60 per cent. of Unigel and 100 per cent. of Unitape to build a cables component supply ecosystem for the global fibre optic cables industry. Eric graduated summa cum laude from Sophia University, Tokyo, Japan, and earned his MBA from Harvard Business School, Boston, Massachusetts.
Gary Revel-Chion (Age 63), Director
Gary was appointed as a Director of Unigel Group plc on 11 July, 2022. Gary is the current Financial Controller of Unigel and Unitape. Gary is a Chartered Accountant with over 35 years of experience across a wide range of industries. Prior to running his own accounting practice, Gary was employed at Robson Rhodes as a Senior Audit Manager. In 2018, Gary joined Unigel as Head of Finance where he was responsible for the financial operations of the business. Gary graduated with a BSc (Hons) in Accountancy and Economics from the University of Hull, England, and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).
Azlinda Ezrina Binti Ariffin (Age 53), Non-executive Director
Azlinda was appointed as an Independent Non-Executive Director of Unigel Group plc with effect from Admission. Azlinda has over 28 years of experience as a corporate lawyer and is a consulting partner at Withersworldwide LLP. She is also the founder and CEO of Dricopax Capital Limited, a multi-family office boutique firm in London. In April 2021, Azlinda was appointed to the board of MobilityOne Limited, an AIM listed company as an Independent Non-Executive Director. Azlinda graduated with an LLB (Hons) from University College of Wales, Cardiff. She is a barrister at Gray's Inn, and a member of the Law Society of England and Wales.
For more information please visit : www.unigel.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NEXSEEFAIEESEFA
CloseNeville Registrars welcomes Versarien plc
Neville Registrars is delighted to welcome Versarien plc as the newest addition to its list of client companies. Versarien plc is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Further information can be found on the Company's website:……
Neville Registrars is delighted to welcome Versarien plc as the newest addition to its list of client companies.
Versarien plc is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries.
Further information can be found on the Company's website: https://www.versarien.com/
Close
Neville Registrars Limited, Neville House, Steelpark Road, Halesowen, B62 8HD
Tel: 0121 585 1131
Email: info@nevilleregistrars.co.uk

© Neville Registrars Limited 2026. All Rights Reserved. Registered in England No. 4770411
