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RNS Number : 5564M

Proton Power Systems PLC

09 January 2019

 

 

 

 

 

9 January 2019

 

Proton Power Systems plc

 

("Proton" or the "Company")

 

Joint Venture Agreement

 

Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is pleased to announce that it has signed a joint venture agreement to establish Clean Logistics GmbH ("Clean Logistics"), a company registered in Hamburg, Germany, which has the objective of building heavy duty trucks purely run on fuel cell hybrid systems, using hydrogen fuel cells in the range of 75 – 150KW (the "Joint Venture").

 

Proton owns 33.33% of the share capital of Clean Logistics, together with its joint venture partners Höpen GmbH (33.33%), a private holding with participations into the battery company INVENOX GmbH and electric vehicle development company E-Cap Mobility GmbH (a company which specialises in the conversion of combustion vehicles into electric vehicles), and Hary AG (33.33%), a modular transport service provider.

 

The Joint Venture will focus on the development, design, construction and sale of heavy duty trucks driven by emission free fuel cell hybrid systems. For that purpose, the Joint Venture applied for financial aid from the federal programmes of alternative fuels and clean transportation to take the Joint Venture through its prototype development stage during 2019 and is seeking additional funding to be used to support orders of up to 1,000 vehicles by the end of 2021.

 

Proton is providing its new Generation 4 fuel cell for inclusion in the trucks but does not have any material financial commitments to the Joint Venture.

 

Helmut Gierse, chairman of Proton, commented: "We are pleased with this venture.  In 2016 alone, in excess of 300,000 trucks in the 'over 5 tonnes' weight category were produced in the European Union, which were nearly all powered by diesel fuel. If even a small proportion of this market was converted to electric / fuel cell over the coming years, Clean Logistics will be able to benefit from it, and Proton's current production facility could be fully utilised."

 

For further information:

Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman Sebastian Goldner, COO Roman Kotlarzewski, CFO Manfred Limbrunner, Director Sales and Marketing	Tel: +49 (0) 173 189 0923
	www.protonpowersystems.com
Stockdale Securities Limited Nominated adviser and broker	Tel: +44 (0) 20 7601 6100
Antonio Bossi / David Coaten	www.stockdalesecurities.com

 

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert in Power Solutions using CleanTech technologies like industrial fuel cells, fuel cell and hybrid systems with more than 20 years of experience in this sector.  Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source – from the development and production through the implementation of customized solutions.  The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

 

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.

 

Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

 

About Höpen GmbH

Höpen GmbH is a holding company participating in a group of companies which specialises, inter alia, in the custom conversion of all types of combustion vehicles into electric vehicles, in lithium based batteries and energy saving devices for shipping.

About Hary AG

Hary AG has developed into a modular transport service provider and is focusing on becoming one of   the leading providers of specialised transport services with own vehicle fleet in Germany.

 

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 : 5286M

Mears Group PLC

08 January 2019

 

8 January 2019

Mears Group PLC

("Mears" or "the Company" or "the Group")

Contract award – Home Office awards £1bn revenue contracts to the Group

Mears (LSE: MER), the provider of support services to the Social Housing and Care sectors in the UK, announces that the Home Office has awarded the Group three new contracts to provide accommodation and support for asylum seekers. The new contracts, the Asylum Accommodation and Support Services Contracts (AASC), replace the existing ones and are on substantially different terms. Mears has been awarded three regions: Scotland, Northern Ireland and the North East, Yorkshire and the Humber. The Group has existing operations in these areas. The contracts are estimated to deliver revenues in excess of £1.0 billion over their 10 year term.  

The contracts are part of the way in which the UK Government meets its duty to provide asylum. To deliver the contracts, the Group will draw on its extensive track record of providing housing, housing maintenance and care services all across the UK, with a strong footprint in the regions concerned.  The work includes considerable liaison with the relevant local authorities, in which the Group is highly experienced. The contracts also build on the Group's work in housing with the UK Ministry of Defence.

Mears is committed to ensuring that asylum accommodation is safe, habitable and fit for purpose.  All accommodation will meet the contractual and regulatory quality standards.   Moreover, Mears understands the importance of supporting each person whilst living in its accommodation and to ensure that as a company it works with the communities in which it delivers services.

During the mobilisation period, up to 1 April 2019, Mears will work with the Home Office and service users to make sure that accommodation to be used meets the required quality standards.  Mears will establish operational teams in each of the areas, combining some of the existing workforce with Mears' staff, so that it is in a position to provide the best possible performance, within the terms of the contract.  This will include identifying support needs, managing community cohesion issues, and developing strong partnerships with local authorities and in communities, as well as delivering suitable accommodation. 

 

 

Commenting, David Miles, Chief Executive, Mears, said:

 

"Mears provides housing and care to many thousands of people all across the UK. This experience, combined with our expertise in housing repairs and maintenance, means we are a strong partner for the Government to deliver asylum accommodation and support that is safe, habitable and fit for purpose.  We are delighted to have secured these contracts having already allocated significant time and resources to this. We will immediately start work on the mobilisation so that we are ready to meet the needs of asylum seekers and their host communities."

 

For further information, contact:

Mears Group PLC

David Miles, Chief Executive Officer		Tel: +44(0)7778 220 185
Andrew Smith, Finance Director		Tel: +44(0)7712 866 461
Alan Long, Executive Director		Tel: +44(0)7979 966 453
www.mearsgroup.co.uk

 

Buchanan

 

Mark Court/Sophie Wills/Catriona Flint                       Tel: +44(0)20 7466 5000

[email protected]

 

 

About Mears

 

Mears employs over 10,000 people and provides services in every region of the UK. In partnership with our Housing clients, we maintain, repair and upgrade the homes of hundreds of thousands of people in communities from remote rural villages to large inner city estates. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing. Our Care teams provide support to over 15,000 people a year, enabling the elderly and those living with disabilities to continue living in their own homes.

We focus on long-term outcomes for people rather than short-term solutions, and invest in innovations that make a positive impact on people's quality of life and on their communities' social, economic and environmental wellbeing.

 

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 : 4345M

Osirium Technologies PLC

08 January 2019

 

 

 

8 January 2019

 

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with major Business Energy player

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with the UK arm of a Fortune 500 multinational integrated oil and gas company.   The contract will run over 3 years covering software and professional services.

The Group has appointed Osirium to deliver its full PxM platform offering Privileged Account Management, Privileged Task Management and Privileged Session Management modules and associated consultancy services, initially supporting 400 devices.  

 

Two operational issues are driving the initial stages of this project.  The first is the clear ability to demonstrate GDPR and Sarbanes Oxley compliance.  The second is the need to automate privileged access into the network infrastructure, allowing a more secure approach to managing common privileged tasks on switches and firewalls.

 

David Guyatt, Chief Executive Officer, commented: "Osirium is delighted to add another prestigious customer to our growing base of clients.  This win demonstrates two key aspects of our strategy. Firstly, it underlines how customers are seeing Privileged Access Management as the way forward for managing GDPR and Sarbanes Oxley compliance.  Secondly it validates our business model of effectively engaging customers with an outstanding quality of service and the rigorous Osirium Proof of Concept programme."

– 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.

 

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RNS Number : 1741M

Nanoco Group PLC

04 January 2019

 

04 January 2019

NANOCO GROUP PLC

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

Nanoco and Plessey partner to shrink full-colour microLED pixels by 87% using quantum dots

Process enables production of smaller, higher-resolution and more energy efficient microLED displays
 

MANCHESTER, UK & CONCORD, Mass. USA, January 3, 2019: Plessey Semiconductors and Nanoco Technologies today announced a partnership to shrink the pixel size of monolithic microLED displays using Nanoco's cadmium free quantum dot (CFQD® quantum dots) semiconductor nanoparticle technology. Using its existing monolithic process, Plessey will integrate the Nanoco CFQD® quantum dots into selected regions of blue LED wafers to add red and green light. This shrinks the smallest practical pixel size from today's 30µm to just 4µm, a reduction of 87%. The process will enable the production of smaller, higher-resolution, microLED displays in applications such as AR/VR devices, watches, and mobile devices, while enhancing both colour rendition and energy efficiency.

For pixels of 30µm or greater, colour conversion is currently performed by adding phosphors to the blue die. However, since the smallest phosphor particle is around 30µm, the efficiency of colour conversion deteriorates as the pixel size shrinks. Nanoco's CFQD® quantum dot technology overcomes this limitation while facilitating efficient, compact device packaging.

"Quantum dots offer the best solution for today's emerging display requirements. The nano-sized emitters with narrow band emission make them a suitable solution for Plessey's microLED display roadmap, which will see pixels being driven down to 4µm in size by 2019," said Mike Lee, President of Corporate and Business Development at Plessey.

Dr. Brian Gally, Nanoco's Head of Product commented: "We are thrilled to be working in close collaboration with Plessey, who lead the global field in the development and production of microLED arrays.  The combination of Plessey's blue microLEDs with Nanoco's red and green cadmium free quantum dots gives display customers the performance they require to rapidly commercialise products."

Compared with all other display technologies, microLEDs are brighter, smaller, lighter, more energy-efficient and have a longer operating life. Where they replace OLEDs, for example in AR/VR goggles or head-up displays, Plessey microLEDs offer ten times the resolution, 100 times the contrast ratio, and up to 1,000 times the luminance. They do so at half the power consumption, doubling battery life in portable devices. They also feature perfect blacks, realistic colour, and immunity to burn-in or decay over time.

 

Plessey was recently named as a 'CES 2019 Innovation Awards Honoree.' The company will be showcasing its microLED technology at the event in the Las Vegas Convention Center, South Hall 1, stand 22048.

 

Visitors can schedule a demo or meeting at CES, held in Las Vegas between the 8th and 11th of January, email [email protected]

 

About Plessey

Plessey is a UK-based leading developer of advanced optoelectronic technologies. The company provides volume processing of its unique and proprietary GaN-on-silicon platform for a wide range of optoelectronic devices and systems.

With headquarters located in Plymouth, England, Plessey operates leading-edge 150mm and 200mm wafer processing facilities to undertake design, test and assembly of products, and a comprehensive suite of photonic characterization and applications laboratories.

Plessey is an award-winning provider of innovative illuminators for display engines (DMD and LCOS) and full-field emissive microLED displays that combine very high-density RGB pixel arrays with high-performance CMOS backplanes to produce very high-brightness, low-power and high-frame-rate image sources for head-mounted displays (HMDs), and augmented reality (AR) and virtual reality (VR) systems.

For further information and datasheets, please visit www.plesseysemiconductors.com or
email [email protected]. You can also follow Plessey on Twitter, Facebook and LinkedIn.

 

About Nanoco Group plc

Nanoco harnesses the power of advanced nano-materials by producing innovative quantum dots to create a brighter, more sustainable future. Based on breakthrough science, Nanoco's CFQD® quantum dots are free of cadmium and can be tuned to absorb and emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of commercial applications including displays, lighting, sensors and biological imaging.

Nanoco has licensed its technology to The Dow Chemical Company, Merck KGaA of Germany and Wah Hong Industrial Corporation of Taiwan for use in display applications.

Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated by its innovation engine.

Nanoco is listed on the Main Market of the London Stock Exchange and trades under the ticker symbol NANO. To learn more, visit: www.nanocogroup.com.

 

Contact for editorial information

Nayl D'Souza, Account Director, Publitek

Tel: +44 (0)20 3813 6423

Email: [email protected] 

 

Contact for Nanoco company information

Colleen Irish

Tel: +1 617-842-1511

Email: [email protected] 

 

Contact for Plessey company information

Sam Langridge, Marketing Manager

Email: [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 : 0186M

Tracsis PLC

03 January 2019

 

3 January 2019

Tracsis plc

("Tracsis" or the "Group")

 

Significant Contract Win

 

Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, is pleased to announce that it has signed a significant five year Framework Agreement with a major Train Owning Group for its TRACS Enterprise product.  The Agreement covers all of the Operator's individual Train Operating Companies (TOCs) within the UK plus other franchises that the Owning Group may win in future. 

The total potential value over the duration of the Framework Agreement is expected to be multi million pounds although given the 'call off' nature of the Agreement, the number of modules used and the specific timing of implementation (and therefore revenue) is difficult to forecast with certainty.  However, the Directors believe this is a key win for Tracsis that will lead to significant recurring revenue opportunities within the duration of the Agreement and beyond.  For the avoidance of doubt, at this point in time there will be no change made to current year forecasts.

 

Enquiries:

Tracsis plc                                                                                                                                    Tel: 0845 125 9162

John McArthur, CEO

Max Cawthra, CFO

finnCap Ltd                                                                                                                                   Tel: 020 7220 0500

Christopher Raggett/Scott Mathieson, Corporate Finance

Andrew Burdis, Corporate Broking

The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Notes to editors: 

§The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers. 

§The Company offers the following services:

–  Rail Technology & Services: Software and technology led consulting, and remote condition monitoring: Industry strength software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon, plus technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

–  Traffic & Data Services: Collation, analytical services, and event management within traffic and pedestrian rich environments.  The business provides technology and data that is instrumental in the development of 21st century intelligent transport systems and smart cities.

§Tracsis has a blue chip client base which includes all major UK transport owning Groups.  The business also works extensively with Network Rail, the Department of Transport, TfL, multiple local authorities, major outdoor music and sporting events, and a wide variety of large engineering and infrastructure companies.

§The business drives growth both organically and through acquisition and has made ten acquisitions since 2008.

§For more information on Tracsis please visit http://www.tracsis.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.

 

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Neville Registrars is delighted to welcome Gamfook Jewellery Plc as the newest addition to its list of client companies.

 

Gamfook Jewellery Plc is a custom jewellery designer and retailer in China offering a range of personalised goods and gifts under the brand name of “Gamfook”.  

 

Further information can be found on the Company's website: http://www.gamfook.net

 

 

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RNS Number : 2043L

Water Intelligence PLC

21 December 2018

 

 

Water Intelligence plc 

Sydney Water Win

Water Intelligence plc (AIM: WATR.L) (the "Company" or "Water Intelligence"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to kick-off 2019 early with a significant municipal contract win in Sydney, Australia.

A few weeks ago, the Company provided a trading update for Q3 that reinforced its previous 1H guidance on strong growth for 2018.  We noted that our overall trajectory was approximately 40% sales growth with the mission of "sustainable multinational growth" for 2019 and beyond. With this municipal win in Australia, accompanied by recent smaller municipal wins in the US in Michigan and New York, the Company is off to a good start to meet its 2019 growth plan.  

The contract in Sydney is a multi-year contract anticipated to contribute approximately US$1 million to 2019 sales.

Executive Chairman, Patrick DeSouza commented, "Despite market volatility, our fundamentals remain strong.  Demand for water infrastructure solutions will continue to grow worldwide. Full steam ahead."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

 

For further information about this announcement please contact:

Water Intelligence plc    Patrick DeSouza, Executive Chairman                    Tel: +1 203 654 5426

finnCap Ltd                 Julian Blunt / Giles Rolls (Corporate Finance)
Camille Gochez (Corporate Broking)                      Tel: +44 (0)20 7220 0500

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 : 0474L

LightwaveRF PLC

20 December 2018

 

20 December 2018

LightwaveRF plc

(AIM: LWRF)

 

The Smart family uses Lightwave

 

 

LightwaveRF plc ("LightwaveRF", "Lightwave" or "the Company"), the leading smart home solutions provider, is pleased to announce that it has launched its first, fully integrated digital above-the-line consumer campaign, focused on the UK market.

 

The campaign features a series of videos showing the Smart family appreciating the benefits of Lightwave intelligent lighting. The campaign is using social media, YouTube and programmatic advertising to specifically target consumers interested in smart home technology. The new videos can be viewed through the Company's blog page: https://lightwaverf.com/blogs/news/meet-the-smarts and the Company's website page on smart lighting: https://lightwaverf.com/pages/smart-lighting.

 

Through its other marketing channels, Lightwave continues to generate excellent reviews in the specialist consumer product media. Lightwave lighting kit scored 4.4/5 in a recent review by tech publication Smart Home Geeks, which said: "This is a different approach to smart lighting and prevents the problem most smart lights have, that when the switch is off the bulb becomes dumb. Where this solution really comes into its own is it connects to the rest of the Lightwave range, allowing heating, power and presence automation."

 

This endorsement comes as the Company's own customer reviews, on the Trustpilot platform exceeded 100, with an average score of 7.3 equating to a 4 star 'Great' rating in Trustpilot's classification system. 

 

Commenting on the campaign launch, Jason Elliott, Chief Executive, said: "This targeted digital campaign is part of our plan to bring the brand to a mass market audience. Our aim is to capture consumers who are aspiring to have a smart home and show what can be done with Lightwave products. Our revised marketing strategy is having a real positive impact on the brand and we look forward to more success with this campaign."

 

 

For further information:

 

LightwaveRF plc Jason Elliott, CEO Kevin Edwards, CFO	www.lightwaveRF.com +44 (0) 121 250 3625
Stockdale Securities Limited Tom Griffiths/Edward Thomas	www.stockdalesecurities.com +44 (0) 20 7601 6100
Yellow Jersey PR Charles Goodwin/Annabel Atkins	www.yellowjerseypr.com +44 (0) 7747 788 221

 

About LightwaveRF

 

LightwaveRF plc ("LightwaveRF", "Lightwave" or "the Company"), is the UK's only fully integrated home automation company.

 

New customers typically buy a starter pack of Link Plus hub and smart dimmer which has Apple HomeKit compatibility, 2-way communication and built-in energy monitoring. Later adding other easy to install devices from the Lightwave range enables further in-home control, monitoring and automation of lighting, heating and power.

 

Devices may be operated manually, by smartphone or tablet-based apps and also through Google Assistant and Amazon Alexa voice control.

 

Leading tech industry publication 9to5 Mac describes Lightwave as "the best UK HomeKit solution for smart lighting".

                                                         

For further information and "Newsletter sign up", please visit:

www.lightwaverf.com/corporate/

                                                    

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 : 0462L

Midatech Pharma PLC

20 December 2018

 

 

 

 

 

 

 

 

20 December 2018

Midatech Pharma PLC

("Midatech", "Company" or "Group")

 

Midatech Announces Q-Sphera™ Microsphere Technology Partnership

–      Collaboration agreed with major regional pharmaceutical company

–      Midatech's leading technology will be used in development and evaluation with a key clinical program

–      Further validates Q-Sphera™ sustained release drug delivery technology

 

Midatech Pharma (AIM: MTPH, Nasdaq: MTP), the R&D company focused on delivering innovative oncology and rare disease products to patients, today announces an agreement with a major regional corporation ("the Partner"), in which the Partner will evaluate Midatech's Q-Sphera™ microsphere sustained release technology for use with the Partner's materials.

 

Under the collaboration agreement, the Partner will conduct a feasibility program using Midatech's Q-Sphera™ technology. No financial terms have been disclosed.

 

The agreement follows the positive clinical 'proof-of-concept' in August this year for Q-Sphera™ as a sustained release drug platform in the MTD201 first-in-human study. This study was a key inflection and validation point for both the Q-Sphera™ technology, as well as its application in a therapeutic product MTD201 for carcinoid cancer and acromegaly.

 

Q-Sphera™ is the next generation micro-encapsulation and polymer-depot sustained release (SR) drug delivery platform developed by Midatech using a novel and disruptive printing-based process, with significant and distinct advantages over conventional technologies.  From a manufacturing perspective Q-Sphera™ is an improved precise, scalable, efficient, and environmentally friendly microparticle manufacturing platform. From a clinical profile perspective it ensures homogenous microparticles that release active drug compounds into the body in a linear, well controlled and predictable manner over an extended period of time. Finally, from a convenience perspective Q-Sphera allows simpler and quicker reconstitution, improved injectability and less painful injections due to the smaller needle size required.

 

The global controlled release market size is in the order of $32bn, and the current market for sustained release microsphere products is approximately $6bn pa1 which includes blockbuster drugs for oncology, hormonal disorders, autoimmune diseases, various mental health disorders, alcohol/ drug dependence and pain management.

 

Commenting on the announcement, Dr Craig Cook, Chief Executive Office of Midatech Pharma, said: "We are delighted to announce this partnership with a leading global pharmaceutical corporation.  This marks another important step in the development of our impressive Q-Sphera™ technology, after the positive clinical 'proof of concept' first-in-human study earlier this year in carcinoid cancer and acromegaly. Together with partnerships such as the one being announced we are focused on increasing our traction in the sustained delivery market, where we hope to establish Q-Sphera as the leading platform.  Our innovative sustained release technology has the potential to improve the efficacy, safety and convenience of existing drugs by enabling improved clinical release profiles of drugs. We look forward to the results of this feasibility collaboration, as well as further developing the platform and working with this partner and others looking to capture a share of the multibillion dollar market for sustained release treatments."

 

1 Transparency; Grandview; GlobalData Research

– Ends –

 

For more information, please contact:

 

Midatech Pharma PLC

Craig Cook, CEO

+44 (0)1235 888300

www.midatechpharma.com

 

Panmure Gordon (UK) Limited (Nominated Adviser and Broker)

Corporate finance: Freddy Crossley / Emma Earl

Corporate broking: James Stearns

+44 (0)20 7886 2500

 

Consilium Strategic Communications (Financial PR)

Mary Jane Elliott / Nicholas Brown / Angela Gray

+44 (0)20 3709 5700

[email protected]

 

Westwicke Partners (US Investor Relations)

Chris Brinzey

+1 339 970 2843

[email protected]

 

 

Notes for Editors

 

About Midatech Pharma PLC

Midatech Pharma (LSE AIM: MTPH; NASDAQ: MTP) is an R&D company focused on delivering innovative oncology and rare disease products to patients. The Company is developing a range of improved chemo~therapeutics or new immuno~therapeutics, using its three proprietary platform drug delivery technologies, all of which are in the clinic, specifically: 

1.    Q-Sphera™ platform: our disruptive polymer microsphere technology used for sustained release at the microscale to prolong and control the release of therapeutics over an extended period of time from weeks to months.

2.    MidaCore™ platform: our leading edge gold nanoparticle technology used for targeting sites of disease at the nanoscale i.e. i. chemotherapy – improved and targeted delivery of existing chemotherapeutic agents to tumour sites, as well as ii. immunotherapy – enhanced uptake of new immuno-moieties by immune cells that can then mount an immune attack against cancer cells

3.    MidaSolve platform: our innovative nanosaccharide technology used to dissolve drugs at the nanoscale so that they can be administered in liquid form directly and locally into tumours

Each of our three technologies are thus focussed on improved bio-delivery and bio-distribution of medicines or agents to areas of the body where they are needed and can exert their actions in an effective, safe and precise manner.

Midatech is headquartered in Oxfordshire, with an R&D facility in Cardiff and a manufacturing operation in Bilbao, Spain. For more information please visit www.midatechpharma.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.

 

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RNS Number : 8897K

Osirium Technologies PLC

19 December 2018

 

 

For immediate release

19 December 2018

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with major international provider of Financial Services

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a leading international provider of fiduciary and administration services.

 

Under the terms of the contract Osirium will deliver its full PxM Platform including the Privileged Account Management, Privileged Task Management and Privileged Session Management modules and associated consultancy services.  The initial licence is for 400 devices and is set to run for 39 months.

 

The Osirium solution is being implemented to address a range of business and operational challenges, including:

 

·     automating tasks to simplify and secure routine and frequently-used activities, as well as to deliver time and cost savings;

·     providing control over internal access for system administrators and shared partner logins;

·     controlling and protecting passwords against Phishing and Malware attacks;

·     auditing and monitoring user access and activity to demonstrate compliance with GDPR and other regulations.

 

David Guyatt, Chief Executive Officer, commented: "Osirium is delighted to have been awarded this contract. The wide range of business challenges and use cases that we will be addressing  demonstrates the continuously increasing value our innovative approach to cybersecurity delivers to customers."

 

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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

 

 

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