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Neville Registrars is delighted to welcome Provexis plc as the newest addition to its list of client companies.

Provexis was founded in 1999 to commercialise the Fruitflow® anti-thrombotic technology discovered at the Rowett Research Institute by Professor Asim Duttaroy.

Further information can be found on the Company's website: https://www.provexis.com/

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Neville Registrars is delighted to welcome Frecycle Limited as the newest addition to its list of client companies.

Further information can be found on the Company's website: https://frecycle.uk/

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RNS Number : 4649G

Oracle Power PLC

30 March 2022

 

 

30 March 2022

 

Oracle Power PLC

("Oracle", the "Company" or the "Group")

 

Joint Venture to Advance Green Hydrogen Project

 

Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has entered in to a joint venture agreement with the Private Office of His Highness Shaikh Ahmed Dalmook Al Maktoum (represented through Kaheel Energy FZE, a wholly owned free zone company incorporated under the laws of Dubai, UAE ("Kaheel Energy")), with the objective of advancing the Company's green hydrogen project in Pakistan.

 

Highlights

 

· The joint venture company, Oracle Energy Limited ("Oracle Energy"), which was wholly owned by Oracle, aims to invest in, develop, own and operate a facility for the manufacture of green hydrogen in the Province of Sindh, Pakistan and also undertake its storage, transportation and sale (the "Project").

· Oracle Energy, a limited liability company incorporated under the laws of Pakistan, will be funded on a 70:30 basis by Kaheel Energy and Oracle Power respectively.

· Kaheel Energy, which is 100% owned by His Highness Shaikh Ahmed Dalmook Al Maktoum, will leverage His Highness's relevance and influence in new energy generation and infrastructure to rapidly develop the Project through Oracle Energy.

· The joint venture structure is intended to provide a vehicle to support the accelerated development of the Project to meet the growing international and domestic demand of green hydrogen and clean energy. At the same time, this structure will significantly mitigate the early-stage development risk and funding requirement for the Project.

 

Naheed Memon, CEO of Oracle, commented:

 

"This is a hugely significant development for Oracle and provides a route through which to establish a ground-breaking green hydrogen project in Pakistan.  As shareholders will be aware, the Oracle team has been working hard over the past six months to create a framework and investment path to bring this revolutionary green hydrogen technology to Pakistan, and this joint venture is a landmark development in bringing this to fruition.

 

"The parties involved will use their combined industry influence, and further build their technical expertise, to move the Project forward at pace.  Importantly, this joint venture structure materially de-risks the development process for Oracle Power shareholders whilst ensuring we maintain exposure to this potentially highly valuable initiative.

 

"Issues relating to green energy and fuel security are high on the agenda worldwide and we are more determined than ever to bring this emerging green fuel source to commercialisation.  I look forward to providing updates in due course as we work with His Highness Shaikh Ahmed Dalmook Al Maktoum to move through the feasibility stages of the Project."

 

Further Information

 

It is intended that Oracle, Kaheel Energy and Oracle Energy (collectively, the "Parties"), shall retain joint operational and management control and Naheed Memon will also be the CEO of Oracle Energy. 

 

The board of Oracle Energy will be the primary forum for discussion and decision making on financial and investment decisions and other key decisions and will act as the forum for stakeholder engagement.  The Board will consist of three representatives appointed by His Highness Shaikh Ahmed Dalmook Al Maktoum and two members appointed by Oracle Power.

 

Kaheel Energy has been issued with 233,330 new ordinary shares at 12 Pakistani Rupees (Rs) per share, (a 20% premium to Oracle's subscription) in Oracle Energy.  Kaheel Energy will be issued shares such that its shareholding is 70% and the remaining 30% will remain with Oracle Power on a pari passu basis.

 

Kaheel Energy will also have the right to offer for sale the entire share capital of Oracle Energy to an unconnected third party, subject to Oracle Power's compliance with the AIM Rules for Companies (in relation to its 30% shareholding in Oracle Energy) and in particular AIM Rule 15 . In the event of such a sale, Oracle Power will be entitled to a 20% premium to the value of any investments made (subject to evaluation) or costs incurred for and on behalf of Oracle Energy in addition to the sale price.  Oracle will also have the right, within 30 days, to either acquire Kaheel Energy's shareholding, by itself or with a third party, at a price and/or better terms than those offered or find a third party to acquire all the shares of Oracle Energy at a price and/or better terms than those offered.  

 

 

*ENDS*

 

For further information:

Oracle Power PLC Naheed Memon – CEO	+44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Rob Patrick	+44 (0) 20 7409 3494
Shard Capital (Broker) Damon Heath, Isabella Pierre	+44 (0) 20 7186 9952
St Brides Partners Limited (Financial PR) Susie Geliher, Selina Lovell	+44 (0) 20 7236 1177

 

About Oracle Power PLC:

 

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market.  The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

 

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in the Sindh Province through its joint venture company, Oracle Energy.  The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

 

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.

 

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RNS Number : 3024G

Silver Bullet Data Services Grp PLC

29 March 2022

 

29 March 2022

 

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company", or, together with its subsidiaries, the "Group")

New Contract Wins and Renewals

 

Silverbullet (AIM: SBDS), a provider of digital transformation services and products, is pleased to announce new contract wins and renewals.

 

MARS

Silverbullet has been retained by MARS Inc. at a global level as their data services partner. MARS is an American multinational, fast-moving consumer goods ("FMCG") brand who supply confectionary, pet food and other food products as well as a provider of animal care services.

 

Silverbullet becomes the central resource for first-party data services, including the implementation of first-party data strategy working closely with Salesforce Marketing cloud. The partnership has enabled all MARS global brands, business units and geographical markets to leverage the central contract.

 

Britbox International

Silverbullet have won a contract with Britbox. Britbox is an online digital video subscription service founded by BBC Studios and ITV plc, serving the United Kingdom, United States, Canada, Australia and South Africa. The joint venture boasts two million global subscribers.

 

Silverbullet have been appointed to accelerate their first-party data strategy through analytics, requirement gathering, technology integration and a future-proofed roadmap.

 

UK Broadcaster

A leading UK Broadcaster continues its partnership with Silverbullet. This British Broadcaster is a publicly listed company (listed on the London Stock Exchange) and is a constituent of the FTSE 100 Index.

 

Silverbullet have been engaged through a managed service contract to support Treasure Data (its enterprise customer data platform).

 

Dolce&Gabbana

Silverbullet extends its partnership with Dolce&Gabbana. Dolce&Gabbana is an Italian luxury fashion house, whose success has been noted over the years since its launch in 1985.

 

The luxury retail brand has renewed its ongoing contract with Silverbullet for first-party data strategy and managed services.

 

 

Ian James, Chief Executive Officer of Silverbullet, commented:

"These wins and renewals are a reflection of the acceleration of first-party data driven transformation across the Global Brand landscape. To be trusted by these multinational clients to spearhead their next phase of growth is strong evidence that our strategy to accelerate our client's business through the smart use of data in the privacy first era is well received. Now that Google have finally given the industry 12 months to transform to the new non-cookie/Ad ID ecosystem, we are seeing strong demand for first-party data transformation and a growing use of our post cookie ad platform 4D across our client base, and these dynamics give us confidence for the year ahead. I look forward to sharing a full market update in the very near future."

 

 

For further information please contact:

 

Silverbullet		via IFC
Ian James (CEO)
Strand Hanson Limited – Financial and Nominated Adviser		0207 409 3494
James Spinney / James Bellman
Oberon Capital – Broker		0203 179 5344
Mike Seabrook / Robert Hayward
IFC Advisory		020 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler		07793 839 024

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such as Heineken, Channel 4, Amazon, ITV and Jägermeister amongst many others.

 

The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2022. 

Headquartered in London, the Group employs 66 employees across five regions across the globe, including, the UK, Italy, Germany, Australia and the US. The Group continues to look at other opportunities for expansion worldwide.

The Company has an established and growing services business with significant accumulated industry experience and a proven track record of delivering strategic projects and activation services to its clients.

The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

The Group has close technical and commercial partnerships with Salesforce, Oracle and Adobe, all of which have existing sales channels and are already delivering to clients.

The Group has established a joint venture and strategic partnership with Local Planet, a scaled network of over 60 agencies across the globe which transact, in aggregate, over US$16 billion of media buying on behalf of their clients. The Local Planet joint venture, established in December 2020, which has already generated material services revenues for the Group, presents a significant opportunity to provide further data services and the 4D product to the Local Planet agency network.

 

 

 

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.

 

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RNS Number : 3024G

Silver Bullet Data Services Grp PLC

29 March 2022

 

29 March 2022

 

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company", or, together with its subsidiaries, the "Group")

New Contract Wins and Renewals

 

Silverbullet (AIM: SBDS), a provider of digital transformation services and products, is pleased to announce new contract wins and renewals.

 

MARS

Silverbullet has been retained by MARS Inc. at a global level as their data services partner. MARS is an American multinational, fast-moving consumer goods ("FMCG") brand who supply confectionary, pet food and other food products as well as a provider of animal care services.

 

Silverbullet becomes the central resource for first-party data services, including the implementation of first-party data strategy working closely with Salesforce Marketing cloud. The partnership has enabled all MARS global brands, business units and geographical markets to leverage the central contract.

 

Britbox International

Silverbullet have won a contract with Britbox. Britbox is an online digital video subscription service founded by BBC Studios and ITV plc, serving the United Kingdom, United States, Canada, Australia and South Africa. The joint venture boasts two million global subscribers.

 

Silverbullet have been appointed to accelerate their first-party data strategy through analytics, requirement gathering, technology integration and a future-proofed roadmap.

 

UK Broadcaster

A leading UK Broadcaster continues its partnership with Silverbullet. This British Broadcaster is a publicly listed company (listed on the London Stock Exchange) and is a constituent of the FTSE 100 Index.

 

Silverbullet have been engaged through a managed service contract to support Treasure Data (its enterprise customer data platform).

 

Dolce&Gabbana

Silverbullet extends its partnership with Dolce&Gabbana. Dolce&Gabbana is an Italian luxury fashion house, whose success has been noted over the years since its launch in 1985.

 

The luxury retail brand has renewed its ongoing contract with Silverbullet for first-party data strategy and managed services.

 

 

Ian James, Chief Executive Officer of Silverbullet, commented:

"These wins and renewals are a reflection of the acceleration of first-party data driven transformation across the Global Brand landscape. To be trusted by these multinational clients to spearhead their next phase of growth is strong evidence that our strategy to accelerate our client's business through the smart use of data in the privacy first era is well received. Now that Google have finally given the industry 12 months to transform to the new non-cookie/Ad ID ecosystem, we are seeing strong demand for first-party data transformation and a growing use of our post cookie ad platform 4D across our client base, and these dynamics give us confidence for the year ahead. I look forward to sharing a full market update in the very near future."

 

 

For further information please contact:

 

Silverbullet		via IFC
Ian James (CEO)
Strand Hanson Limited – Financial and Nominated Adviser		0207 409 3494
James Spinney / James Bellman
Oberon Capital – Broker		0203 179 5344
Mike Seabrook / Robert Hayward
IFC Advisory		020 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler		07793 839 024

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such as Heineken, Channel 4, Amazon, ITV and Jägermeister amongst many others.

 

The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2022. 

Headquartered in London, the Group employs 66 employees across five regions across the globe, including, the UK, Italy, Germany, Australia and the US. The Group continues to look at other opportunities for expansion worldwide.

The Company has an established and growing services business with significant accumulated industry experience and a proven track record of delivering strategic projects and activation services to its clients.

The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

The Group has close technical and commercial partnerships with Salesforce, Oracle and Adobe, all of which have existing sales channels and are already delivering to clients.

The Group has established a joint venture and strategic partnership with Local Planet, a scaled network of over 60 agencies across the globe which transact, in aggregate, over US$16 billion of media buying on behalf of their clients. The Local Planet joint venture, established in December 2020, which has already generated material services revenues for the Group, presents a significant opportunity to provide further data services and the 4D product to the Local Planet agency network.

 

 

 

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.

 

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RNS Number : 1555G

Microsaic Systems plc

28 March 2022

 

Reach

 

28 March 2022

 

Microsaic Systems plc

("Microsaic" or the "Company")

Microsaic miniaturised technology in first UK deployment of COVID-19 sewage sentinel detection system

 

Microsaic Systems plc (AIM: MSYS), the developer of micro-engineering chip-based mass spectrometry equipment, is pleased to note the update by DeepVerge plc (AIM: DVRG) ("DeepVerge") provided today regarding the first UK deployment of their Microtox®PD pathogen detection system.

 

While there are no new orders for Microsaic at this stage, Microsaic and DeepVerge have  continued to work closely together to develop further iterations of the Microtox ® PD units and on potential upgrades to the existing Modern Water equipment in miniaturised form.

 

Gerry Brandon, Executive Chairman of Microsaic commented :

 

"These successful installations once again exemplify the close working partnership between DeepVerge and Microsaic, and our aligned approach to the application of miniaturised but powerful detection technologies in the environmental sector."

 

Enquiries:

 

Microsaic Systems plc Gerry Brandon Chairman	+44 (0)734 0055 648
Singer Capital Markets (Nominated Adviser & Joint Broker)	+44 (0)20 7496 3000
Aubrey Powell / Tom Salvesen / George Tzimas
Turner Pope Investments (TPI) Limited (Broker) Andy Thacker / James Pope	+44 (0)  20 3657 0050

 

About Microsaic

Microsaic develops and commercialises micro-engineering chip-based mass spectrometry equipment. Microsaic has a robust patent portfolio in cutting-edge technology purpose built for "Industry 4.0" which enables analytical detection and characterisation at the point-of-need, whether within a human health environment, conventional laboratory setting, or within a bioprocessing facility for continuous mass spectrometer detection and monitoring of data at any step in the process workflow, or in frontline environmental monitoring

 

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.

 

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RNS Number : 8336F

Shearwater Group PLC

24 March 2022

 

24 March 2022

RNS Reach

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Win

Brookcourt Solutions secures new contract with leading telecommunications and media company

 

Shearwater Group plc, the organisational resilience group that provides cybersecurity, professional advisory and managed security services, announces that its group company, Brookcourt Solutions, has secured a new contract to the value of   c.£620,000   with a leading   telecommunications and media company. The contract contributes to the Group's current full year expectations.

 

The   solution is critical to help enable forensic monitoring of the organisation's new 5G network, allowing optimal performance to be achieved.

 

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

 

"We are delighted to win this new solution deal. Being able to supply an industry leading customer with value-adding solutions and services that contribute to streamlining their performance is a great achievement. This type of contract demonstrates that we are achieving the vision that we set out for ourselves as a Group: to be provider of choice delivering next generation technology, professional advisory and cyber security services and solutions."

 

Enquiries:
 

Shearwater Group plc David Williams Phil Higgins	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 Susie Hudson / Caroline Forde / Joe Pederzolli	[email protected]  +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 help 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 across the globe 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.

 

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RNS Number : 5010F

Trakm8 Holdings PLC

22 March 2022

 

  22 March 2022

 

 

 Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

 

Contract Award

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider is pleased to announce that it has been awarded a contract with Adiona Technologies to provide data and devices for Adiona's insurance propositions. The partnership will also see Trakm8 and Adiona working alongside Duck Creek Technologies and World Programming.

Initial analysis of the Trakm8 journey data,  confirms the level of detail and real-time frequency  will support Adiona's  4 core pillars of;  Pricing and Selection, Risk Pool Management, Crash and Claim and Customer Engagement.

This contract is expected to commence writing insurance policies in Autumn 2022.

John Watkins, Executive Chairman, commented: "We are delighted to be working with Adiona as they launch their highly innovative AI based telematics insurance products. Adiona aim to disrupt the insurance market with their approach to telematics based solutions with a customer centric focus being a key driver."

Paul Harvey, CEO of Adiona Technologies said "We have already experienced Trakm8's agile and responsive support in preparing early prototypes and look forward to creating exciting solutions together."

– Ends –

 

For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: +44 (0) 167 543 4200
Jon Edwards, CFO	www.trakm8.com
Arden Partners plc  (Nominated Adviser & Broker)	Tel: +44 (0) 20 7614 5900
Paul Shackleton, Corporate Finance Simon Johnson, Corporate Broking	www.arden-partners.com

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group uses AI data analytics collected from its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 255,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, Parts Alliance, Direct Line Group, ByMiles and Ingenie.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005. Trakm8 is also recognised with the LSE Green Economy Mark.

 

www.trakm8.com / @Trakm8

 

About Reach announcements

This is a Reach announcement. 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 Reach.

 

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.

 

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RNS Number : 4871F

Genedrive PLC

21 March 2022

 

 

genedrive plc

("genedrive" or the "Company")

 

PALOH study results published in JAMA Pediatrics

Publication confirms Genedrive® MT-RNR1 test's role in avoiding antibiotic related hearing loss in infants

 

genedrive plc (AIM: GDR), the near patient molecular diagnostics company, announces that the Pharmacogenetics to Avoid Loss of Hearing ("PALOH") trial, conducted at Manchester and Liverpool Hospitals to assess the implementation of the Genedrive® MT-RNR1 ID kit, has now been published in the Journal of the American Medical Association for Pediatrics ("JAMA Pediatrics"), which is the top ranked medical journal in pediatric medicine.

 

The accompanying editorial describes the application of the Genedrive® MT-RNR1 ID kit testing approach as "entering a new era", and "an important step" in the management of neonatal sepsis. The editorial also observes that identification of the m.1555A>G genetic variant can be performed in the acute setting without disrupting standards of care and that based on a population frequency of the variant and the use of antibiotics in more than seven million neonates each year globally, adoption of a MT-RNR1 point of care test would potentially avoid antibiotic induced hearing loss in thousands annually.

 

The PALOH study represented the world's first trial of a genetic Point of Care Test (POCT) designed to alter patient management in an acute, time-sensitive setting. The Genedrive® MT-RNR1 assay was used to screen for a genetic variant called m.1555A>G. If a baby carrying the gene variant is given the antibiotic gentamicin, a common treatment for bacterial infections, it can cause lifelong deafness.

 

A total of 751 neonates were recruited to the PALOH study throughout 2020. Three babies with the m.1555A>G variant were identified, all of whom avoided aminoglycoside antibiotics and therefore avoided profound hearing loss. The assay had a real-world analytical sensitivity of 100%, a specificity of 99.2% and an accuracy of 99.2%.  The mean time to antibiotics was equivalent to previous practice, indicating that the test can be introduced into routine practice. 

 

The study design of this trial allowed improvements to the system based on study data and clinical feedback, leading to a greatly improved system for commercialisation and clinical implementation. Throughout the trial, the MT-RNR1 hardware platform (Genedrive®) was updated to improve user efficiency (proportion of tests returning valid results) and accuracy. Repeated testing of samples where testing had previously failed demonstrated an improved performance rate of 94.3% when performed in the intended-use clinical setting and 100% when performed in a laboratory setting.

 

David Budd, CEO of genedrive plc, said: "The PALOH study demonstrates the ease of use and capability of the Genedrive® technology to deliver rapid genetic information in a very time sensitive acute care situation, a diagnostic advancement that has not been demonstrated previously with other commercial platforms. The conclusions in JAMA Pediatrics validate our intent in this market – there are millions of neonates exposed to antibiotics annually and our test could potentially prevent thousands going deaf each year. The PALOH study is a seminal document to support our commercial efforts going forwards."

 

The JAMA Pediatrics paper, entitled "Rapid Point-of-Care Genotyping to Avoid Aminoglycoside-Induced Ototoxicity in Neonatal Intensive Care" was authored by Dr. John McDermott et al, and is printed in the 21st March 2022 edition of the Journal. The paper can be viewed here: https://tinyurl.com/kvusm8ts  

 

For further details please contact:

 

genedrive plc	+44 (0)161 989 0245
David Budd: CEO / Matthew Fowler: CFO
Peel Hunt LLP (Nominated Adviser and Joint Broker)	+44 (0)20 7418 8900
James Steel
finnCap (Joint Broker)	+44 (0)20 7220 0500
Geoff Nash / Kate Bannatyne / Alice Lane
Walbrook PR Ltd (Media & Investor Relations)	+44 (0)20 7933 8780 or [email protected]
Paul McManus / Anna Dunphy	+44 (0)7980 541 893 / +44 (0)7876 741 001

 

 

About genedrive plc ( http://www.genedriveplc.com )  genedrive plc is a molecular diagnostics company developing and commercialising a low cost, rapid, versatile, simple to use and robust point of need molecular diagnostics platform for the diagnosis of infectious diseases and for use in patient stratification (genotyping), pathogen detection and other indications. The Company has assays on market for the detection of HCV, certain military biological targets, and a high throughput SARS-CoV-2 assay.  The Company recently released point of care test for Covid-19.

 

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RNS Number : 0599F

Shearwater Group PLC

17 March 2022

 

17 March 2022

RNS Reach

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Win

Brookcourt Solutions secures $4.1 million contract with a global financial organisation

 

Shearwater Group plc (AIM: SWG), the organisational resilience group that provides cybersecurity, advisory and managed security services, is pleased to announce that its group company, Brookcourt Solutions, has secured a significant three-year advanced endpoint cyber defence solution contract with a global financial organisation, totalling $4.1 million. The contract contributes to the Group's current full year expectations.

 

Under the terms of this contract, Brookcourt Solutions will be responsible for deploying one of its technology partners' cutting-edge endpoint security software solutions across the breadth of the financial organisation's operations. This solution will improve the resilience of the organisation's digital estate.

 

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

 

"This is an outstanding contract win for Brookcourt Solutions, demonstrating our deep understanding of best-in-class technologies and the strong partner portfolio that we have on offer for our customers. Being trusted to efficiently deploy cutting-edge, robust, effective and cost efficient cyber security solutions to global financial organisations of this calibre is something that we are very proud of."

 

Enquiries:
 

Shearwater Group plc David Williams Phil Higgins	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc – NOMAD and Joint Broker Ben Jeynes / Max Gould – Corporate Finance Julian Morse / Michael Johnson – Sales	+44 (0) 20 7397 8900
Berenberg – Joint Broker  Matthew Armitt / Mark Whitmore	+44 (0) 20 3207 7800
Alma PR Susie Hudson / Caroline Forde / Joe Pederzolli	[email protected]  +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 help 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 across the globe 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.

 

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