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

 

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

 

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RNS Number : 4405B

Microsaic Systems plc

07 June 2019

 

7 June 2019

Microsaic Systems plc

 

("Microsaic" or the "Company")

 

Distribution Agreement with CM Corporation Ltd.

 

Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry ("MS") instruments, is pleased to announce that it has signed a distribution agreement with CM Corporation Ltd ("CM-C") for the exclusive distribution of the Microsaic 4500 MiD® MS detector in South Korea.

 

Established in 2000, CM-C is a specialist distributor of life science and analytical equipment, covering a wide range of markets in South Korea, including natural products, organic synthesis, pharmaceuticals, foods and environmental.

 

Glenn Tracey, CEO of Microsaic, commented, "We are very pleased to partner with CM-C in South Korea. In particular, the team at CM-C has the in-depth technical expertise in two key areas of interest for us: reaction monitoring and thin layer chromatography.

 

"Online MS can enable rapid chemical quantification (<1 min analysis duration), for desired compounds and intermediates. MS can provide a greater degree of structural information and product composition, compared with optical spectroscopy, all in real-time due to its short method times. Consequently, MS is becoming the analytical technique of choice for optimising an automated flow reactor, as the technique determines steady state and then calculates a product yield with minimal data manipulation. Furthermore, Microsaic's MS technology is specifically designed for point of need applications.

 

"Estimates of the global market size for the reaction monitoring equipment market are in the region of $1.5 billion by 2022, with leading annual growth rates in Asia Pacific.

 

"We work exclusively with local partners, knowledgeable in separation and MS technologies. Our strategy continues to be focused on business development in all key geographies."

 

Mo Hoyule, Managing Director of CM-C, added: "We are delighted to be distributing Microsaic's technology, alongside globally recognised brands such as CAMAG and ThalesNano. This will enable us to offer our customers in South Korea a total solution in some very exciting growth areas in on-line chemical monitoring."

 

This distribution agreement is the tenth partner signing for Microsaic, further extending its geographic reach.

 

Enquiries:
Microsaic Systems plc Glenn Tracey, CEO Bevan Metcalf, FD	+44 (0) 1483 751 577
N+1 Singer (Nominated Adviser & Broker) Shaun Dobson (Corporate Finance) Tom Salvesen (Corporate Broking)	+44 (0)20 7496 3000
IFC Advisory Ltd (Financial PR) Graham Herring Heather Armstrong Florence Chandler	+44 (0)20 3934 6630

 

 

About Microsaic Systems

Microsaic Systems plc (AIM: MSYS) is a high technology company developing chip-based, bench-top and point-of-analysis mass spectrometry ("MS") instruments that are designed to improve the efficiency of pharmaceutical R&D and manufacturing. The Company is working with established global life science companies to co-develop new solutions to improve productivity in the development of small molecule and novel biologic (peptides, antibodies) medicines. MS is a powerful method of analysis to enable earlier decision making relating to product identification, purity and bioactivity, and is the analytical technique of choice for biochemists across many industry sectors.

 

Microsaic's core product, the 4500 MiD®, is a robust and compact MS system, retaining the functionality of larger conventional MS systems, is easier to use by non-specialists, consumes less energy and has lower running costs. For more information, please go to www.microsaic.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.

 

END

 

 

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RNS Number : 5633B

EVR Holdings PLC

07 June 2019

 

EVR Holdings plc

("EVR" or the "Company")

Strategic Partnership with John Gore Organization for Theatrical Content

New Equity Issue at 4.5p per share to raise £5.0 million

Issue of Option to potentially raise a further $10.0 million valuing the Company at £220m

EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, is pleased to announce that it has entered into a binding heads of terms for a strategic partnership with The John Gore Organisation, ("JGO") a leading developer, producer, distributor and marketer of Broadway theatre worldwide, via JGO's subsidiary; Broadway Channel LLC ("BCL").

The strategic partnership will see the creation of a new joint venture in order to facilitate the VR capture, production and distribution of Broadway theatre content globally. In addition, as part of this co-operation, JGO has provided a £5m investment commitment to the Company to underpin the success of the project and to further align both company's long-term strategic interests.

Under the leadership of 13-time Tony-winning theatre producer and owner John Gore, his family of companies which includes Broadway Across America, Broadway.com, The Broadway Channel, BroadwayBox.com, and Group Sales Box Office ("Broadway"), develops, produces and distributes live theatre content in 45 cities across North America, London's West End, Japan and China. Its Broadway.com platform has featured internationally recognised theatre productions such a Wicked and Disney's The Lion King and provides TV audiences with on-demand access around the world. Broadway has won Tony Awards in every producing category as well as numerous other Drama League, Drama Desk and Olivier Awards. 

 

The first piece of content to be released under the strategic partnership is an exclusive experience featuring Joe Iconis, in which he takes viewers through a tour of the Tony Awards suite at Sofitel New York, before heading to his Tony nominated new musical Be More Chill. The content will be released in companion with the CBS special "At the Tony's" as the theatrical community gears up for Broadway's biggest night. The Be More Chill experience will be the first step in production-driven content. As a leader in capturing and distributing live concerts in VR, MelodyVR in partnership with John Gore and Broadway, is now creating the opportunity for the first Broadway show to be streamed straight to fans homes in full immersive virtual reality.

 

During the year to May 2019 some 14.8 million people attended Broadway shows, including 38 new productions, making it the most attended season in Broadway recorded history (source: The Broadway League]).  Theatre represents a new and exciting vertical for the Company and a further endorsement of the Company's inherent technical expertise. The partnership with Broadway, organisations with a rich established history and proven track record provides for a solid partnership for the creation and distribution of new and exciting VR content appealing to a broad demographic. The growth in attendance for the 2018 – 2019 season topped that of the ten professional New York and New Jersey Sports teams combined (source: The Broadway League) and this initiative will help in making the experience of a theatre production more accessible to everyone.

 

In addition, Mr. John Gore has conditionally agreed to, prior to the expiry of 10 working days from today's date, personally subscribe for 111,111,111 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 4.5p per Ordinary Share, representing an approximate 25.0% premium to the mid-market closing price on 6 June 2019, and also representing approximately 8.5% of the Company's current issued ordinary share capital, to raise gross proceeds of £5.0 million. JGO will also receive an option to subscribe for the equivalent of $10 million of new Ordinary Shares at a price to be determined at the time of exercise which would value the Company's issued equity share capital at approximately £220 million.  The exercise period for this option will expire on 31 December 2019 at which time it will automatically lapse if not exercised. Application will be made for the admission of 111,111,111 new Ordinary Shares to trading on AIM in due course.

 

John Gore, owner and CEO of the John Gore Organization, said, "Every single thing we do at JGO is centred around the goal of serving tantalising content to theatre fans, regardless of their geographical location. Using VR technology is just one more way to deliver Broadway to fans around the globe, especially when the live experience of Broadway and touring Broadway is beyond their reach."

 

Anthony Matchett, Exec. Chairman and CEO of EVR Holdings/Melody VR adds, "Having achieved a series of ground-breaking firsts with the music industry, I'm thrilled to announce our partnership with John Gore, which will see globally recognised theatrical productions made available to consumers worldwide. At the core of MelodyVR, is our vision of connecting fans with unobtainable experiences, in new and immersive ways. Musical theatre is a natural evolution in our journey and I'm pleased that we'll soon be delivering even more amazing content to consumers via our partnership with JGO."

 

 

 

For further information please contact:

 

EVR Holdings plc

Anthony Matchett, Executive Chairman & CEO                                                  Tel: +44 (0) 20 7097 5737

Andy Brown, Chief Financial Officer                                                                         www.evrholdings.com 

 

Investec Bank plc: Nominated Adviser, Financial Adviser                                  Tel: +44 (0) 20 7597 5970

and Corporate Broker

 

Corporate Finance: David Anderson / Junya Iwamoto                                    

 

Corporate Broking: Sara Hale

               

Notes to Editors:

MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), a company that is listed on the AIM market of the London Stock Exchange under the ticker EVRH.L.

 

For more information on Melody VR, please visit:

www.melodyvr.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.

 

END

 

 

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RNS Number : 2806B

Osirium Technologies PLC

06 June 2019

 

 

 

6 June 2019

 

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with an overseas telecoms services provider

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a major provider of business and domestic telecoms services in Southern Europe. The contract, which is with a new customer, will run over three years covering software and professional services.

 

The Group has selected Osirium to deliver its full PxM platform offering Privileged Account Management, Privileged Task Management, Privileged Session Management and Privileged Behaviour Management modules and associated consultancy services. This initial phase of the project will support 250 devices.

 

Operational issues driving the project centre on domain access control, securing external access to privileged accounts for third parties and vendors, and secure network access across the customer's infrastructure. The focus of the project is to ensure a correct and tightly controlled level of access privilege, and remove the risk of core assets being compromised by loose access controls. In addition, Osirium's task automation capabilities were seen as a key differentiator.

 

David Guyatt, Chief Executive Officer, commented: "We are delighted to have been awarded the contract. It again demonstrates Osirium's ability, not just in the UK but overseas as well, to address a wide range of operational challenges that are fundamental to customer security, while also illustrating the range and depth of our professional services expertise."

 

– Ends –

For further information:

Osirium Technologies plc	Tel: +44 (0) 118 324 2444
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 7710 7600
Fred Walsh / Neil Shah / Alex Price
Yellow Jersey PR (Financial PR) Sarah Hollins Henry Wilkinson	Tel: +44 (0)7764 947 137 Tel: +44 (0)7951 402 336

 

 

Notes to Editors:

 

About Osirium

Osirium Technologies plc (AIM: OSI.L) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Management ("PAM") software. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

 

Osirium has defined and delivered what the Directors view as the next generation PAM solution.  The team has developed the concept of a Virtual Air Gap to separate users from passwords.  Built on Robotic Automation technology, Osirium's Privileged Task Management module further strengthens Privileged Account security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers.

 

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to 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.

 

END

 

 

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RNS Number : 2992B

LoopUp Group PLC

06 June 2019

 

6 June 2019

LOOPUP GROUP PLC

 

("LoopUp Group" or the "Group")

 

Launch of LoopUp Video

LoopUp Group plc ("LoopUp"), the premium remote meetings company, has today announced the introduction of new video functionality into its flagship software-as-a-service product for remote business meetings.

 

LoopUp offers a premium experience to mainstream conference callers who – prior to LoopUp – were still dialing into their conference calls with phone numbers and access codes, instead of using any software for a better meeting experience. LoopUp helps them take this step by making its software so simple and intuitive that it requires no extended learning – it can be adopted without training, even in the heat of the moment on a live call with multiple important guests.

 

The video strategies of other software players in the industry generally: require, or at least promote, a software download, which people may or may not have the time, will or permissions to do; take a 'video first' approach which encourages, or even forces, guests to turn on their cameras as they join meeting; and promote VoIP audio via the PC and often over the public internet, which can only offer best-efforts and non-guaranteed reliability.

 

This approach may be suitable for more tech-savvy early adopters and more specialist teams in a typical enterprise, such as IT and Training. However, the board believes it is not suitable for LoopUp's mainstream majority target market who are still dialling into calls. Any one of these attributes – let alone all – would see users fleeing back to the safety and reliability of basic dial-in.

 

LoopUp's video strategy is, therefore, quite different and is aligned to its mainstream majority target market, as follows:

 

·    First and foremost, LoopUp puts audio first, not video first. Critically, all LoopUp audio is still carried over tier-1 networks with managed quality of service, and not over the public internet. Video is streamed over a totally separate IP path, to ensure any bandwidth limitations do not interfere with the reliability of audio.

 

·    Second, LoopUp recognises that video can provide clear value in certain situations such as interviews, board meetings and group presentations. However, on a large proportion of day-to-day meetings, video is neither wanted nor needed. LoopUp's video implementation puts this decision solely at the host's discretion, who will generally have the best view as to the value of video on that particular meeting. If the host decides to enact video, then, and only then, will guests be opt-in invited to turn on their cameras.

 

·    And finally, LoopUp's video implementation requires no downloads and is available via standard PC and tablet browsers leveraging WebRTC technology.

 

From today's launch, LoopUp video will now be rolled out to all customers in a phased programme, which reflects the roll-out plan the Group previously executed for screen sharing. Like everything in the LoopUp product, there are no mandatory licence fees and pricing is on a pay-as-you-go basis. The Group believes this new functionality expands its addressable market, enhances its value proposition, and provides an additional source of value-added revenue in its pay-as-you-go revenue model.

 

Steve Flavell and Michael Hughes, co-CEOs of LoopUp, commented:

"This is a major development for the LoopUp product and comes after years of consideration into whether and how we might implement video into our premium, mainstream product. LoopUp has a highly differentiated product strategy, taking a fundamentally different approach to the mainstream adoption of software in the world of remote meetings, where behaviour is still dominated by dial-in numbers and access codes. Our video implementation naturally honours our broader strategy – keeping the experience simple, unintimidating and consumable in the heat of the moment on a live multi-party meeting. It is very much 'video the LoopUp way' and we're excited about the impact that we believe this approach can have in the mainstream user market and on our business."

 

For further information:

 

LoopUp Group PLC	via FTI Consulting, LLP
Steve Flavell, co-CEO
Panmure Gordon (UK) Limited	+44 (0) 20 7886 2500
Dominic Morley / Alina Vaskina (Corporate Finance)
Erik Anderson (Corporate Broking)
Numis Securities Limited
Simon Willis / Jonny Abbott (Corporate Finance)	+44 (0) 20 7260 1000
Tom Ballard (Corporate Broking)
FTI Consulting, LLP	+44 (0) 20 3727 1000
Matt Dixon / Harry Staight

 

 

About LoopUp Group plc

 

LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. Streamlined and intuitive, LoopUp is built to give mainstream business professionals a better and more productive experience than basic dial-in conferencing, while delivering the quality, security and reliability required in the enterprise. One-click screen sharing and integration with tools business people use every day, like Outlook™, make it easy for LoopUp users to collaborate in real time. LoopUp's award-winning SaaS solution doesn't overwhelm users with features and doesn't require training. Over 2,000 enterprises worldwide, including Travelex, Kia Motors America, Planet Hollywood, National Geographic and Clifford Chance trust LoopUp with their remote meetings.

 

The Group is headquartered in London, with offices in San Francisco, New York, Boston, Chicago, Dallas, Los Angeles, Atlanta, Denver, Cardiff, Milton Keynes, Madrid, Berlin, Malmo, Hong Kong, Sydney and Barbados, and is listed on the AIM market of the London Stock Exchange (LOOP). For further information, please visit: www.loopup.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.

 

END

 

 

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RNS Number : 8491A

Dev Clever Holdings PLC

03 June 2019

 

Dev Clever Holdings plc

("Dev Clever" or "the Company")

Engage: Activity Update

Dev Clever, a leading developer of consumer engagement experiences, announced the launch of its new productised cloud-based gamification platform "Engage" on 6 March 2019. Within the first 12 weeks, Dev Clever has already successfully delivered gamification campaigns for the following national retailers, global companies and blue-chip brands.

·    Pepsi MAX (instant win game)

·    J20 (snapchat instant win game)

·    Bosch (skill based game)

·    Jewson (skill based game to win daily prizes)

·    R Whites (instant win game)

·    Mortimer's Cider (skill based game)

·    Stowford Press Cider (instant win game)

·    Swinton Insurance (skill-based game)

·    Oracle (Live sports stadium loyalty demonstration)

Engage is a proprietary, cloud-based consumer engagement platform which uses gamification to enable brands and retailers to incentivise consumers to purchase products and generate additional sales by rewarding the consumer with a chance to win high value prizes and digital discount vouchers which are instantly redeemable in stores and venues that are part of our partner network. The consumer has a chance to win these incentives by playing a game via their mobile device immediately on completion of their product purchase or qualifying action.

Games range from instant win mechanics and skill-based games to gamified digital loyalty cards. Using gamification to offer higher value prizes and incentives, brands and retailers can attract more consumers to their incentives and drive more product sales through a seamless digital consumer experience offer via the Engage platform. The gamification engine acts as a control mechanism to manage the exact number of prizes and vouchers given away, eliminating the risk of a brand or retailer over spending on over redemption.

In addition to delivering successful activations for brands and retail customers in the UK, Dev Clever is also in advanced conversations with new commercial partners which, once finalised, will increase the reach of Engage in the retail, education and hospitality sectors throughout the UK as well as provide a network to deliver brand marketing campaigns to customers across Europe, America and the UAE.

Chris Jeffries CEO said: "It has been a very busy 12 weeks since we launched the Engage cloud-based platform.  The feedback from our customers has been tremendous and we have seen a positive uplift in our sales and order book since its launch.  The new partnerships we aim to introduce shortly will unlock significant opportunities for the growth of Engage, not just in the UK but across the world. That said, we are firmly focused on our short-term UK objectives and we are still increasing our headcount each month to keep up with demand."

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.

 

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RNS Number : 3400Z

Immotion Group PLC

17 May 2019

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

Immotion Group plc

("Immotion Group", the "Company")

 

Content and Licensing Update

 

Immotion Group, the UK-based immersive virtual reality ("VR") 'Out of Home' entertainment group, is pleased to announce the signing of a circa $500,000 VR and immersive content creation contract with global family entertainment specialist, iP2Entertainment, based in Amsterdam.

 

Immotion Group is focused on establishing itself as a global leader in high quality VR content creation, including a number of proprietary experiences currently operating on its motion platforms, and now being licensed to third party platforms.

 

This new contract will see Immotion Group producing three exclusive VR and immersive experiences for IP2Entertainment. These experiences will be available for iP2Entertainment centres' visitors later this year and into 2020. All work is scheduled to be completed by November 2019.

 

This collaborative partnership will add significant benefit to both organisations, allowing Immotion Group to develop these experiences for iP2Entertainment and providing Immotion with access to them for non-competing uses.

 

iP2Entertainment is a renowned family entertainment company building immersive indoor family entertainment centres all around the globe for a number of world-famous brands, including National Geographic and DreamWorks to name but a few. iP2's mission is to immerse families into the worlds of the brands and characters they know and love through innovative, memorable, and exciting experiences designed to entertain as well as educate through play and fun.

 

Martin Higginson, Group CEO, Immotion Group, commented:

 

"iP2Entertainment are well recognised as being one of the leading players in the 'out of home' immersive entertainment space. Having the opportunity to work with them in the creation of some cutting-edge VR experiences will not only deliver valuable revenue for the studio but also help us further develop and showcase our skill set in this exciting market, whilst providing access to some exciting new content."

 

Ian Liddell, Group Creative Director, Immotion Group, commented:

 

"Our studio has always been synonymous with the origination of high-quality content for many platforms. The considerable knowledge and experience we have gained creating proprietary VR experiences has quickly established us as one of the leading originators in the Global VR market. Within that period, we have had numerous requests to create and license content."

 

"Working with Global entertainment specialists, iP2Entertainment, in the development of some exciting immersive experiences will help us further hone and showcase our skills."

 

Roger Houben, co-founder and CEO of iP2, commented:

 

"We are very pleased to have Ian and his team on board for the creation of several immersive media experiences for our family entertainment centres. Immotion is recognised as one of the best in the world in the creation of top-quality immersive media content productions. We look very much forward to working with them on this prestigious project. Hopefully the start of a long and mutually beneficial relationship." 

 

Enquiries:

 

Immotion Group	Martin Higginson	Tel: +44 (0) 161 235 8505
WH Ireland Limited  (Nomad and Joint Broker)	Adrian Hadden Jessica Cave	Tel: +44 (0) 207 220 1666
Newgate Communications (Financial PR)	Elisabeth Cowell Robin Tozer	Tel: +44 (0) 20 3757 6880 [email protected]

 

 

 

 

 

 

 

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.

 

END

 

 

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RNS Number : 3327Z

Osirium Technologies PLC

17 May 2019

 

 

 

 

17 May 2019

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract extension with leading global asset management company

Commitment for a three year global Privileged Access Management (PAM) project

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is  pleased to announce a significant three year contract extension with a leading global asset manager.  The customer which has over £300 billion of assets under management and offices in c.30 countries has expanded its subscription for 3,000 to 4,500 devices.

 

The contract will be booked in the current financial year with revenue being released over the three year term.  Under the terms of the contract, Osirium will deliver its full PxM product offering.

 

David Guyatt, Chief Executive Officer, commented: "We are delighted to have received this order which validates our 'land and expand' strategy.  The fact that this customer has expanded its license from 3,000 to 4,500 devices shows that Osirium's technology is at the heart of their strategy for maximising security and demonstrating rigorous compliance.  The customer has also renewed their 24/7 support arrangement with Osirium which testifies to the excellent quality of service we offer them."

– Ends –

 

For further information:

Osirium Technologies plc	Tel: +44 (0) 118 324 2444
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 7710 7600
Fred Walsh / Neil Shah / Alex Price
Yellow Jersey PR (Financial PR) Sarah Hollins Henry Wilkinson	Tel: +44 (0)7764 947 137 Tel: +44 (0)7951 402 336

 

Notes to Editors:

 

About Osirium

Osirium Technologies plc (AIM: OSI.L) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Management ("PAM") software. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

 

Osirium has defined and delivered what the Directors view as the next generation PAM solution.  The team has developed the concept of a Virtual Air Gap to separate users from passwords.  Built on Robotic Automation technology, Osirium's Privileged Task Management module further strengthens Privileged Account security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers.

 

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to 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.

 

END

 

 

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RNS Number : 3874Z

Verditek PLC

17 May 2019

 

Amendments have been made to the announcement (3325Z), released 17 May 2019, in the title and the third paragraph of the body of the text. All other details remain unchanged.

 

 

Verditek PLC

("Verditek" or the "Company")

Verditek takes complete control of Solar PV Business

Verditek plc, (AIM: VDTK) is pleased to announce that it has successfully negotiated complete control of Greenflex Energy Limited (previously a 51% subsidiary of Verditek plc), and liquidated Greenflex RSM s.r.l.

In doing so Verditek has consolidated all our PV assets in Verditek Solar Italy which will benefit from 100% of the results going forward. The acquisition has been achieved with complete cooperation of the minority interest holder, forgiving accumulated losses incurred in Greenflex RSM s.r.l, the asset holding company owned entirely by Greenflex Energy Limited. The consolidated accounts of Verditek plc will reflect this change and full ownership of all assets of Verditek Solar Italy.

Having complete control of the company and assets has allowed Verditek Solar Italy s.r.l. to move forward quickly with refurbishing the Lainate manufacturing facilities and refining the formulation of our lightweight PV modules. The result is a novel solar PV product that is significantly lighter and easier to install than conventional panels. This opens up new market opportunities with clients who could not consider a solar solution due to the weight and installation challenges of conventional panels. Additionally, Verditek has been developing financial instruments to offer clients the opportunity to reduce or remove the initial capital burden incurred with installing solar on their premises. By partnering with EPC (Engineering, Procurement, Construction) companies, and investors, we can create an affordable entry into solar and attract investment into renewable energy developments.

 

Dr Geoff Nesbitt, CEO of Verditek plc said: "the acquisition of the minority interest in Greenflex Energy and liquidation of Greenflex RSM allows us to operate decisively. A tremendous amount of work and commitment has been invested to turn this facility around and it will be gratifying to benefit fully from our efforts. We will continue to open up market opportunities via smart partnering with other organizations aligned to bring Solar PV to clients that would otherwise be denied access to renewable energy."

About Verditek:

Verditek plc (AIM: VDTK), the clean technology company is headquartered in London. Verditek is dedicated to commercializing proven technology in the renewable energy and clean-tech sectors that can deliver significant competitive advantage compared to conventional industrial solutions. With particular focus on light-weight solar modules, Verditek also has interests in cutting edge de-odorization and ground-breaking CO2 capture. Verditek is realising tomorrow's technologies today.

For further information, please visit www.verditek.com 

 

Enquiries:

Verditek plc            Geoffrey Nesbitt, CEO Verditek Solar Italy srl Alfredo De Mutiis, Managing Director	Tel: +44 (0)20 7129 1110 Tel: +44 (0)78 3306 2577
WH Ireland Limited – NOMAD and Broker	Tel: +44 (0)20 7220 1666
Chris Hardie Matthew Chan
Strand Hanson Limited – Financial Adviser James Harris Ritchie Balmer Jack Botros	Tel: +44 (0)20 7409 3494

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

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