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RNS Number : 6119B

Trakm8 Holdings PLC

24 September 2018

 

For immediate release

24 September 2018

 

TRAKM8 HOLDINGS PLC

 

('Trakm8' or the 'Group')

 

LexisNexis Risk Solutions Awards Trakm8 Telematics Contract

 

Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data supplier to global markets, is pleased to announce that it has been awarded an initial three-year contract by LexisNexis Risk Solutions, a leading data and analytics provider for the insurance and automotive markets.

 

The contract is for launch in the UK in the current financial year.  Trakm8 will provide its latest generation 'plug in' and 'fitted to' vehicle hardware. Data supplied is based on the Trakm8connectedcare solution to monitor driver behaviour.

 

John Watkins, Executive Chairman of Trakm8, commented: "We are delighted to have LexisNexis Risk Solutions as a customer for Trakm8's insurance telematics solutions. We have been providing telematics to insurance companies for some years, but LexisNexis Risk Solutions is one of the pioneers in this market.

 

"This contract is expected to be a significant one and provides additional visibility for our expectations for our revenues in the second half of the year."

 

Keith Binley, Managing Director of LexisNexis Risk Solutions, Insurance, UK and Ireland, said: "LexisNexis Risk Solutions provides risk insights to the insurance and automotive markets to help our customers inform their decisions and engage consumers.  Our focus is on delivering new driving analytics that provide our insurance customers with better consumer price segmentation and risk management using near-real-time driving data.  We look forward to building a strong partnership with Trakm8 to help bring the benefits of usage-based insurance (UBI) to millions of drivers and make it simple for insurers to launch or develop mass-market UBI products."

 

– Ends –

 

For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: +44 (0) 167 543 4200
Jon Furber, Finance Director	www.trakm8.com
Arden Partners plc (Nominated Adviser & Broker)	Tel: +44 (0) 20 7614 5900
Paul Shackleton / Alex Penney	www.arden-partners.com

 

Media enquiries:

Buchanan
Chris Lane / Tilly Abraham	Tel: +44 (0) 20 7466 5000
[email protected]	www.buchanan.uk.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 analyses data collected by 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 and reporting portal (Trakm8 Insight), integrated telematics/cameras, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 250,000 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, Direct Line Group and Young Marmalade.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

 

About LexisNexis Risk Solutions

LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. RELX is a FTSE 100 company and is based in London. For more information, please visit www.risk.lexisnexis.com and www.relx.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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Neville Registrars is delighted to welcome Block Commodities Limited as the newest addition to its list of client companies.

Block Commodities is a London NEX Exchange listed company with core focus on maximising value through blockchain ecosystems.

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

 

 

 

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RNS Number : 1735B

Osirium Technologies PLC

21 September 2018

 

 

For immediate release

21 September 2018

 

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with UK Fashion and Homeware Retailer

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a major British multinational clothing, footwear and home products retailer. 

The Group has appointed Osirium to deliver its full PxM product offering of Privileged Account Management, Privileged Task Management, Privileged Session Management modules and associated consultancy services, initially supporting 100 devices.

 

David Guyatt, Chief Executive Officer, commented: "We are delighted to have won another contract with a leading retailer and to support this prestigious UK fashion and homeware brand.    Our role is to provide solutions to protect the Group's critical core infrastructure from third party and international cyber-attacks and we look forward to working with 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 Abena Affum	Tel: +44 (0)7764 947 137 Tel: +44 (0)7555 159 808

 

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 : 4727B

Xeros Technology Group plc

21 September 2018

 

21 September 2018

 

Xeros Technology Group plc

 

Xeros signs 10 year contract with leading Mexican tannery

 

Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of water saving technologies with multiple commercial applications, has signed a 10-year contract with Le Farc SA de CV ('LEFARC') to convert its re-tanning operations in León, Mexico to use Xeros' patented polymer technology.

 

With a weekly production of 5,000 hides, LEFARC is a globally recognised tannery producing leather for shoes, supplying brands such as Timberland and Wolverine.

 

Xeros anticipates leather produced by LEFARC using its technology to be incorporated in consumer products after March 2019.

 

The tannery is located in one of the world's leading tanning centres, supporting the major brands in the shoe and auto industries.

 

The contract follows extensive trials which demonstrated material reductions in process inputs and effluent production and radically improves the sustainability of production, whilst maintaining high quality leather output.

 

Mark Nichols, Chief Executive of Xeros, said:                     

 

"This contract with LEFARC confirms that our tanning technologies are viable and play a valuable role in the production of leather. In partnership with our customers, we can radically improve sustainability whilst sharing in the value our innovative technology creates.

 

"We have successfully validated our technology through re-tanning trials for over 40 different recipes with multiple tanneries in Europe and Mexico.

 

"The considerable interest we are seeing from leading tanneries is a strong indication of the potential to increase rapidly the deployment of our technology in what is a global scale industry – we expect to secure further contracts into the future."

 

Enquiries:

                                                                                                                                                           

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: 0114 321 6328
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Will Soutar	Tel: 020 7029 8000
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Laure Fine	Tel: 020 3207 7800
Instinctif Partners (Financial PR) Adrian Duffield / James Gray	Tel: 020 7457 2020

 

Notes to Editors

 

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes.

 

Xeros' uses its patented XOrbTM technologies to significantly reduce the amount of water used in a number of major applications with the remaining water becoming far more efficient in either affixing or removing molecules from substrates such as fabrics and garments. The result being significant improvements in economic, operational and sustainability outcomes.

 

Xeros has three divisions working in the garment finishing (Textile Technologies), tanning (Tanning Technologies, branded Qualus) and cleaning/laundry (Cleaning Technologies) markets. In cleaning/laundry, the company has three applications covering domestic laundry, commercial laundry (branded "Hydrofinity") and the cleaning of high performance workwear (branded "Marken").

 

For more information, please visit – http://www.xerostech.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 : 3166B

Crimson Tide PLC

20 September 2018

 

Crimson Tide plc

 

("Crimson Tide" or "the Company")

 

Contract Wins and Recruitment

 

Crimson Tide, the provider of mpro5 – smart mobility as a service (AIM: TIDE.L), announces a number of contract wins and updates the market on staff recruitment

 

The Company has signed its first subscription agreements in the Middle East with two clients. Both companies will be completing maintenance, engineering, and health & safety workflows on mpro5 and the Company is hopeful of more wins to come. The Company has hired Zyldxian Pereira as Middle East Sales Executive to pursue further opportunities across the region.

 

A contract has been won with a $20bn revenue US Pharma Company to provide a patient portal for one of its ground-breaking anti-cholesterol drugs. The Company has recruited Stephen Logue, most recently with Paypal to head up its sales effort in Ireland, where this business was agreed.

 

The Company is also pleased to announce that Sam Roberts has agreed to re-join the Company as Director of Enterprise Sales after a period at Samsung, where he headed the sales relationship with O2.

 

 

 

Barrie Whipp, Executive Chairman, commented,

 

"It is very encouraging to win these new contracts, which demonstrate mpro5's capabilities in exciting areas. We are also happy to add to our sales team and I am extremely pleased to welcome Sam back to Crimson Tide. "

 

 

 

Enquiries:

 

Crimson Tide plc                           Barrie Whipp / Luke Jeffrey	01892 542444
Arden Partners Steve Douglas / Dan Gee-Summons	020 7614 5900

 

 

 

 

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 : 1804B

Powerhouse Energy Group PLC

19 September 2018

 

PowerHouse Energy Group plc

("PowerHouse" or the "Company")

 

Response to BBC Presentation

 

The Directors of PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres, noted a technology referenced on the recent BBC program, "Inside Out," that converts waste plastic back into liquid hydrocarbons and fuels – effectively returning it into the fossil fuel it once was. While plastic waste is, indeed, a challenge that must be overcome, we believe there is a better solution.

 

The Powerhouse Energy DMG® System, having been operating and demonstrated at the University of Chester, Thornton Science Park, Energy Centre for the past year, will responsibly, and economically recover the energy from plastics in an environmentally sound manner rather than simply turning waste plastic into another form of greenhouse gas emissions. DMG® allows the conversion of plastics into substantial amounts of road-fuel quality hydrogen to enable the operation of hydrogen-powered trucks, buses and cars with the cleanest of fuels: zero-emission hydrogen.

 

DMG® affords the conversion of waste plastic to EcoSynthesis gas to displace liquid hydrocarbons responsible for substantive pollution. Excess energy produced through the thermal conversion of non-recyclable plastic can be used to generate low-carbon electricity to power Electric Vehicles.

 

The Directors of PHE believe our technology, which is being readied for commercial deployment, is a substantially more eco-friendly solution to plastic waste than returning it into a hydrocarbon fuel.  We would welcome an open discussion with Friends of the Earth and the BBC regarding our proposals for solutions to the scourge of plastic mis-management.  DMG® is one such solution.

 

Commenting on the show, PowerHouse CEO Keith Allaun noted: "plastic management through effective energy recovery is a key to our future, and key to the health of our planet. While "land-fill mining" may become a part of our future, we at PowerHouse have created a responsible, economically efficient, and environmentally robust solution to the problem that exists today – the mis-management of plastics. We look forward to working with industry to roll-out DMG® as part of the wider solution to this global challenge."

 

For more information, contact:

 

PowerHouse Energy Group plc                                       Tel: +44 (0) 203 368 6399

Keith Allaun, Chief Executive Officer

 

WH Ireland Limited (Nominated Adviser)                    Tel: +44 (0) 207 220 1666

James Joyce / Chris Viggor

 

Turner Pope Investments Ltd (Joint Broker)                Tel: +44 (0) 203 621 4120

Ben Turner / James Pope

 

Ikon Associates (Media enquiries)                                 Tel:    +44 (0) 1483 271291

Adrian Shaw                                                                        Mob: +44 (0) 7979 900733

 

 

About PowerHouse Energy

 

PowerHouse Energy has developed a proprietary process technology – DMG® – which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into EcoSynthesis© gas from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived.  The PowerHouse technology is the world's first proven, modular, hydrogen from waste (HfW) process.

 

The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel quality H2, and in excess of 28MW/h of exportable electricity per day.

 

The PowerHouse process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

 

PowerHouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE, and is incorporated in the United Kingdom.

 

For more information see: www.powerhouseenergy.net

 

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 : 9288A

Integumen PLC

17 September 2018

 

First laboratory-grown human-skin test service, to use artifical intelligence, to provide clinical validation for cosmetic, personal hygiene and skin care products.

Labskin (Innovenn Ltd.), a wholly-owned subsidiary of Integumen plc., (AIM:SKIN) today announces that it has entered into a partnership with RinoLab (www.rinolab.com) to provide Labskin clients with access to an AI machine learning platform which accelerates development of cosmetics, skincare, woundcare, personal hygiene and pharmaceutical topical drug delivery products, and does not require animal testing. The service is expected to go live in Q4, 2018.

 

Labskin has also entered into a partnership agreement with AIM quoted Venn Life Sciences Holdings plc ("Venn") to integrate clinical validation protocols into Labskin AI. This will provide certified "Clinically Tested"product claim services to brand owners and producers of most skin care products. – see related party transaction detail below.  

 

Labskin AI is an AI based laboratory-grown human-skin testing platform. It uses clinical trial test protocols and datasets, eliminating the need for animal testing completely for the development of all skin care products. The AI platform and physical Labskin laboratories offers clients an online end to end skin care product validation system, tested on laboratory grown human skin.

 

Due to the recent increase in demand for Labskin services, additional laboratory development support services are being provided through an agreement signed with Sheffield Hallam University, UK.

 

Gerard Brandon (CEO of Integumen plc and Director of Innovenn Ltd) commented:

"We are delighted to announce this collaboration of technologies and work with the skills and expertise of the RinoLab Team on the Labskin AI platform. Partnering with Venn Life Sciences and their clinical research organisation raises the bar for manufacturers of skin care products in quality control for consumer product information file (PIF) verification. Sheffield Hallam University has worked with Innovenn for many years in multiple Labskin development projects and extends the reach of our development services for our clients. Labskin has successfully moved from selling Labskin equipment supplies to being a fully fledged service provider during H2 2018, increasing our orders by 350% over H1. I believe that Labskin AI is now the ultimate go-to-market service for skin care product development, comprising formulation efficacy, testing and certification for EU and US consumer product launches."

Tony Richardson (CEO Venn Life Sciences Holdings plc) commented:

"This is an exciting development and extends our pharmaceutical clinical validation approach to the consumer health, personal and skin care industries in a way that has never been done before. We see multiple opportunities for cross selling of services to the same clients of both Venn and Labskin, not least the new services of topical drug delivery and drug metabolism through the skin. By partnering with Labskin and RinoLab using the AI platform we look forward to being able to offer a unique certification service to Labskin clients, as well as extend AI machine learning data analysis across our CRO service to pharmaceutical clients, helping them reduce their overall development costs by getting their products to the market faster."

Fin Murray (CEO of RinoCloud Ltd – RinoLab) commented:

"The RinoLab Team have developed a range of algorithms for the dissimination of big data specifically from scientific sources and is perfectly suited to analysing Labskin data to unlock trends and patterns that would normally be missed on a manual review. Using RinoLab, Labskin AI clients are provided with suggested alterations to improve product formulations to increase efficiency and efficacy. RinoLab analysis provides supporting data for the "Product Information File" required by cosmetic brand and skin care companies, prior to product launches in the US and EU markets.

 

Collaboration partners

Labskin (Innovenn Ltd – Integumen plc)

Laboratory grown human skin testing services. Specifically developed to host harmful bacteria on simulated human skin. It is the best testing platform for antimicrobial products, such as anti-dandruff shampoos and anti-acne creams, anti-aging, anti-fungal, UV sun exposure, toxic shock, and drug delivery through the skin, which cannot currently be carried out in vivo (animal models) due to ethical constraints of testing harmful bacteria.

RinoLab (RinoCloud Ltd)

www.rinolab.com

Rinolab is a set of software tools that ingests data from any source, in any format, interacts with it, learns from it and enrichs it to unlock insights and discoveries. RinoLab is developed by Rinocloud Ltd, a company focused on delivering big data type functionality, AI functionality and world class data management infrastructure.

Venn Life Sciences Holdings plc

Drug Development Partner

Venn Life Sciences Holdings plc is an Integrated Drug Development Partner offering a unique combination of drug development expertise, clinical trial design and execution services. With more than 170 professionals Venn creates, plans and executes drug and medical device development programs effectively and seamlessly for their pharmaceutical manufacturing clients. With dedicated operations in Ireland, France, Germany, the Netherlands, the UK, the US, and Europe-wide representation.

 

Related party transaction

Venn owns 16.03% of the current issued share capital of the Company, and is a "substantial shareholder" in the Company, and therefore a related party under the AIM Rules for Companies ("AIM Rules").

Entering into the agreement with a related party, as referred to above, constitutes a related party transaction under the AIM Rules. The terms of the agreement have been agreed by Innovenn and Venn, who are providing test validation protocols in exchange for a fixed percentage of new revenues.

Tony Richardson, the Chairman of Integumen, is also a director of Venn and is not an independent director for the purpose of considering the agreement referred to above in line with AIM Rule 13. Mr Richardson has therefore not taken part in the Board's deliberations concerning the terms of the partnership agreement. The independent directors, (being all the other directors of Integeumen, with the exception of Mr Richardson) have considered the terms of the partnership agreement. Having consulted with SPARK Advisory Partners Limited, the Company's nominated adviser, the independent directors consider that the terms of the partnership agreement are fair and reasonable insofar as Shareholders are concerned.

 

 

Integumen plc Innovenn Ltd. (Labskin)	Gerard Brandon, CEO Director	+353 85 109 1457
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin Andrew Emmott	+44 (0) 113 370 8974
Hybridan LLP  (Broker)	Claire Noyce	+44 (0) 20 3764 2341

 

 

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 : 4748A

Solid State PLC

12 September 2018

 

 

Solid State plc

("Solid State", the "Group" or the "Company")

$3.2m long term supply agreement with UK's leading International Defence,

Aerospace and Security company

 

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, is pleased to announce that its distribution division, Solid State Supplies Ltd, has been awarded a $3.2 million long term supply agreement with the UK's leading international defence, aerospace and security company. The award follows the recent announcement of a distribution franchise for VPT, a leading global provider of power conversion solutions for the rapid deployment of critical power systems in avionics, military and space applications.

 

The award is for the supply of military grade power supplies over a period of 3 years with deliveries expected to commence in the latter part of the current calendar year.

 

Commenting on the contract, John Macmichael, Managing Director of Solid State Supplies Ltd, said:

 

"We were very pleased to win the VPT franchise earlier this year believing that we could further develop its potential in the niche military and aerospace markets.

 

"This contract with this significant defence, aerospace and security company demonstrates our ability to increase sales for manufacturers wanting to target specialist end user markets."

 

 

For further information please contact:

 

Solid State plc	01527 830 630
Gary Marsh – Chief Executive Peter James – Group Finance Director	[email protected]
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	[email protected]

 

 

Notes to Editors:

 

Solid State plc (SOLI) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring computing, power and communications products and electronic component services for use in harsh environments. 

 

Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a component supplier to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

 

Headquartered in Redditch, Solid State employs over 200 staff across four locations.  Solid State operates through two main divisions: Solid State Supplies and Steatite.

 

Solid State was established in 1971 and admitted to AIM in June 1996.

 

 

 

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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Neville Registrars is delighted to welcome Energy4Autism Limited as the newest addition to its list of client companies.

 

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RNS Number : 7742Z

Immotion Group PLC

05 September 2018

 

5 September 2018

 

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulations No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 

Immotion Group PLC ("Immotion Group" or the "Group")

 Roll out of a further four ImmotionVR Centres at intu shopping centres

 

Following the success of its existing virtual reality ("VR") centres, Immotion Group Plc, the UK-based immersive VR 'Out of Home' entertainment business, is pleased to announce that it has opened an additional ImmotionVR Centre at intu St Davids, Cardiff, and that it will open a further three ImmotionVR Centres at intu Derby, intu Eldon Square, Newcastle and intu Uxbridge. When the new sites are open, Immotion will own and operate a total of seven outlets, in addition to the sites operated by concession partners.

 

Working in partnership with intu, which owns and manages many of the UK's best and most popular shopping centres, Immotion Group is proud to continue the roll out of its successful ImmotionVR brand. Customers will be able to enjoy a broad range of experiences including Delta Zero which was launched in August 2018. Further experiences are due to launch later this year, including seasonal themed experiences for both Halloween and Christmas. They will be distributed to all outlets via the Group's proprietary Content Management System. 

 

Most of the outlets will be centre aisle attractions although Cardiff St David's has opened as a shop and will feature, alongside the VR cinema pods and guns, the latest Immotion racing car simulators. Following its initial success, the Group's existing outlet in the Manchester Arndale will be relocated to a more prominent site within the premises. 

 

Martin Higginson, CEO of Immotion Group, said: "We are incredibly excited to be working with intu to expand our portfolio of ImmotionVR outlets across its impressive portfolio of some of the UK's most popular shopping locations. Riding on the success of our existing VR centres, this roll out will positively impact our revenues. We look forward to bringing more high quality VR experience centres to more consumers across the UK, many of whom are trying VR for the first time, in the coming months."

 

Roger Binks, Customer Experience Director at intu, said: "Virtual reality has such exciting potential within our portfolio of the some of the UK's most popular shopping destinations where it could one day become as commonplace as stopping for a coffee with friends. intu centres are focused on creating these kinds of compelling experiences for our customers to enjoy and we're excited to provide yet another new brand with a fantastic opportunity to flourish across the UK."

 

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
Shard Capital Partners LLP (Joint Broker)	Damon Heath Erik Woolgar	Tel: +44 (0) 20 7186 9900
Redleaf Communications (Financial PR)	Elisabeth Cowell Robin Tozer	Tel: +44 (0) 20 3757 6880 [email protected]

 

About Immotion Group

Immotion Group, co-founded by Martin Higginson and David Marks in 2017, generates revenues through the delivery of high quality "state of the art" VR experiences, combined with cutting edge motion platforms to consumers at an affordable price point through a range of routes:

 

●     Sales – sale of VR Motion Platforms to Leisure and Entertainment operators provide the opportunity for the operator to drive substantial ancillary revenues

 

●     Concession partners – currently installed at a range of outlets including Merlin Entertainments' LEGOLAND® Discovery Centres in Boston, USA and in Manchester, UK and Genting Resorts World in Birmingham – this channel provides an opportunity for its partners to earn ancillary revenues, as well as providing an exciting additional attraction to their facilities

 

●     Owned and franchised outlets, trading as ImmotionVR, located in high footfall shopping centres

 

 

 

 

 

 

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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