×

RNS Number : 7329F

Nanoco Group PLC

22 May 2017

 

                                                                                                            

                   Nanoco and Kyulux Inc. Sign Agreement to Develop Next Generation Displays

 

The creation of Cadmium-Free Quantum Dot Hybrid QLED – OLED Technology Offers the Potential of Vastly Superior Displays

MANCHESTER, UK & CONCORD, Mass. USA, 22 May 2017 – Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, and Kyulux Inc., a world leader in developing and delivering the next generation of organic light emitting diode (OLED) technology today announced the signing of a collaboration and joint development agreement.

Under the agreement, Nanoco's heavy metal free quantum dots (CFQD quantum dots) will be combined with Kyulux's Hyperflourescent 'thermally activated delayed fluorescence' ("TADF") technology to create future generation hybrid OLED / QLED display technology with  superior qualities to existing products in the display market.

In addition to offering a high degree of brightness and pure color, the combination of technologies means the displays will be cost effective for manufacturers and highly energy efficient for consumers.

"We are excited by the potential of this partnership, which brings together two global leaders in their fields," said Nanoco's Chief Executive Officer Michael Edelman. "By combining the best of quantum dot technology with the best of new generation OLED technology, we will bring world-class display technology to market.  We have great confidence in our ability to deliver our current technology to the display market as planned.  Innovation is core to Nanoco and this partnership complements our existing strategy to deliver cutting edge technology to the display market without increasing our cash burn."

 

"Kyulux is delighted to collaborate with Nanoco on this project, which will produce a vast improvement in display technology," said Christopher Savoie, Chief Executive Officer of Kyulux Inc. "As well as enhancing brightness and color, our next generation of display devices will be both cost effective and highly energy efficient.  This will offer a technology breakthrough, particularly in the manufacture of ultra-high definition large screen devices."

 

Under the terms of the agreement, Nanoco and Kyulux will jointly develop and market this future display technology.

ABOUT KYULUX

Kyulux is a leader in developing and delivering the next generation of organic light emitting diode (OLED) technology, TADF. Kyulux develops and sells TADF and Hyperfluoresence based OLED materials and solutions to manufacturers in the display and lighting industries.

 Founded in 2015, the Company currently owns or has exclusive, co-exclusive or sole license rights to a large TADF intellectual property portfolio developed over the past seven years at Kyushu University and its industrial partners. Kyulux also enjoys a license to cutting-edge deep learning-based artificial intelligence technology for chemical discovery developed at Harvard University.

 Kyulux's cofounder and the inventor of TADF technology, Prof. Chihaya Adachi, is widely viewed as the top global researcher in OLED technology, having been a key author and inventor in all previous generations of OLED materials that are now used everyday by consumers across the globe.

Based in Fukuoka, Japan, with an advanced research and development center in Boston, Massachusetts.  For further information please visit:  www.kyulux.com

ABOUT NANOCO

Nanoco (LSE: NANO) harnesses the power of nano-technology to create a brighter, more sustainable future. Based on breakthrough science, Nanoco's proprietary manufacturing process enables the large-scale production of its cadmium-free CFQD® quantum dots for multiple applications:

·     LCD display, where Nanoco's CFQD® quantum dots give consumers peace of mind to enjoy next-generation color performance and energy efficiency without allowing toxic chemicals into their homes.

·     Lighting, where Nanoco's CFQD® quantum dots are used in horticulture to safely speed plant growth.

·     Healthcare, where Nanoco's CFQD® quantum dots are opening new, potentially life saving uses in bio-imaging.

·     Solar, where Nanoco's CFQD® quantum dots are incorporated into printable solar inks for future thin, highly efficient and low cost solar cells.

 

Nanoco has non-exclusive manufacturing and marketing licensing agreements in display with The Dow Chemical Company, Merck KGaA of Germany, and Wah Hong Industrial Corporation of Taiwan. Through these partners and its own production facilities in Runcorn, UK, Nanoco is creating the world's largest manufacturing ecosystem for cadmium-free quantum dots.

 

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 both by its own innovation engine, as well as through acquisition. 

 

Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO.  For further information please visit: www.nanocogroup.com.

 

For further information, please contact:

 

MHP Communications	Tel: +44 (0) 20 3128 8788
Reg Hoare / Andrew Leach / Giles Robinson nanoco@mhpc.com

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

NRASFSFMUFWSELI

Close

×

RNS Number : 7028F

Water Intelligence PLC

22 May 2017

 

 

 

Water Intelligence plc ("Water Intelligence" or the "Company")

American Pool Enterprises Agreement

 

Water Intelligence plc announces the signing and launch of the Company's first formal national partnership for pool leak detection and repair between its core brand – American Leak Detection – and American Pool Enterprises.

 

American Pool is the largest commercial swimming pool management, maintenance, construction and recreational facility management operation in the United States. American Pool operates in 16 U.S. states and Washington DC with an international location in Toronto, Ontario Canada.  American Leak Detection is the leading minimally invasive water leak detection and repair company in the United States with corporate and franchise operations in 42 states and Washington D.C. with international operations in Toronto and Alberta, Canada as well as in Australia and the UK. Pool leak detection and repair has been part of the core service offering of American Leak Detection since its founding. Both companies were founded in 1984.

 

Because of American Pool's business scope, American Leak Detection will use the same execution protocols that it has with national insurance company customers in order to provide American Pool with priority service.  American Pool Enterprises serves over 3,000 commercial swimming facilities and over 9,400 residential pools. The commercially-focused business serves apartments, homeowner associations, country clubs, swim clubs, hospitality businesses, condominiums, fitness clubs and active adult communities.

 

Patrick DeSouza, Executive Chairman of Water Intelligence plc commented, "Our business to business approach will leverage our existing US and Canadian footprint both to provide a full range of solutions to the problem of water loss and to reduce administrative costs for American Pool.  We are excited about the opportunity to work with the leading company in pool management. We share the same customer-centric values."

 

Daniel Lawler, Chief Operating Officer for American Pool Enterprises states, "We have always conducted business with the philosophy that our clients deserve the absolute best in safety and service. I am excited that we have established a relationship that does just that. We are now able to present supplementary solutions to our customers, satisfying the high demand during our peak season.   

 

Enquiries:  

Water Intelligence plc            Patrick DeSouza, Executive Chairman	T: +1 203 654 5426
finnCap Ltd Adrian Hargrave / Giles Rolls, corporate finance Stephen Norcross, corporate broking	T: +44 (0) 207 220 0500
American Pool Enterprises, Inc. Dan Lawler, Chief Operating Officer	T: 443-471-1190 dlawler@americanpool.com

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

AGRSFSFDUFWSEFI

Close

×

RNS Number : 7403F

Midatech Pharma PLC

22 May 2017

 

 

 

 

22 May 2017

Midatech Pharma PLC

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

 

Midatech announces progress update on brain cancer therapies

 

Midatech Pharma (AIM: MTPH, Nasdaq: MTP), the international specialty pharmaceutical company focused on developing and commercialising products in oncology, announces that it has selected its preferred candidate for testing in glioblastoma (GBM) brain cancer.  The compound is under final evaluation with some key pre-clinical studies to confirm efficacy before being progressed into IND enabling trials and thereafter full development studies. Additional candidates are also being evaluated in parallel.

 

The GBM candidate is based on Midatech's gold nanoparticle technology which aims to improve the delivery of currently marketed drugs to be specifically targeted at the tumour cells while sparing healthy tissue, thereby reducing side effects and enhancing efficacy. Worldwide, it is estimated that there are 240,000 cases of brain and nervous system tumours per year, of which GBM is the most common and the lowest survival rate, typically only 12 to 15 months.

 

Midatech has a portfolio of brain cancer product candidates that are being developed with the goal of treating brain tumours via either systemic administration and crossing the blood brain barrier (BBB); and/or via intra-tumoural administration using a convection enhanced delivery technique that bypasses the BBB and delivers therapies directly into the tumour.

 

Midatech is developing MTX110, a potential treatment for DIPG (diffuse intrinsic pontine glioma), an ultra-rare childhood brain cancer for which there is currently no satisfactory treatment. Patients' average survival time is currently just 7-9 months. Clinical trials with MTX110 are expected to start in H2 2017 and, following requests from DIPG physicians, the product has also been made available on a compassionate use basis with several patients under treatment.  Brainstem tumours comprise approximately 10-15% of all paediatric brain tumours, of which the most common subtype (80%) is DIPG estimated to affect 2.5 per 1,000,000 patients in the US and EU annually.

 

Commenting on this progress, Jim Phillips, CEO of Midatech Pharma, remarked: "Midatech is developing a range of product candidates for patients using potentially improved forms of cancer therapies.  Midatech's objective is to maximise tumour shrinkage effects while minimising effects on normal cells through its 'right place, right time' technology.  The selection of a preferred candidate to treat glioblastoma is an important milestone as we look to advance our products into the clinic for challenging cancers for which patients currently have a very poor prognosis."

 

– Ends –

 

For more information, please contact:

 

Midatech Pharma PLC

Jim Phillips, CEO

Tel: +44 (0)1235 841575

www.midatechpharma.com

 

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

Corporate Finance

Freddy Crossley / Duncan Monteith

Broking

Tom Salvesen

Tel: +44 (0)20 7886 2500

 

Consilium Strategic Communications (Financial PR)

Mary Jane Elliott / Ivar Milligan / Cameron Standage

Tel: +44 (0)20 3709 5700

Email: midatech@consilium-comms.com

 

Westwicke Partners (US Investor Relations)

Chris Brinzey

Tel: +1 339 970 2843

Email: chris.brinzey@westwicke.com

 

Notes for Editors

 

About Midatech Pharma PLC

 

Midatech is an international specialty pharmaceutical company focused on oncology with a US commercial operation marketing four cancer care supportive products, and co-promoting two others. Midatech's strategy is to internally develop oncology products and collaborate with partners, and to drive growth both organically and through strategic acquisitions. The Company's R&D activities are supported by two breakthrough drug delivery technologies: Q-Sphera for sustained release and our proprietary gold nanoparticles. The Group, listed on AIM: MTPH and Nasdaq: MTP, employs c.110 staff in four countries. For further company information see: www.midatechpharma.com

 

 

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of legislation in the United Kingdom and/or United States, including (without limitation) those regarding the Group's financial position, business strategy, products, plans and objectives of management for future operations, and any statement preceded or followed by, or including, words such as "target", "believe", "expect", "aim", "intend", "will", "may", "anticipate", "would" or "could", or negatives of such words. Any forward-looking statements are based on currently available competitive, financial and economic data together with management's views and assumptions regarding future events and business performance as of the time the statements are made and are subject to risks and uncertainties. We wish to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

 

Reference should be made to those documents that Midatech shall file from time to time or announcements that may be made by Midatech in accordance with the London Stock Exchange AIM Rules for Companies ("AIM Rules"), the Disclosure and Transparency Rules ("DTRs") and the rules and regulations promulgated by the US Securities and Exchange Commission, which contains and identifies other important factors that could cause actual results to differ materially from those contained in any projections or forward-looking statements. These forward-looking statements speak only as of the date of this announcement. All subsequent written and oral forward-looking statements by or concerning Midatech are expressly qualified in their entirety by the cautionary statements above. Except as may be required under the AIM Rules or the DTRs or by relevant law in the United Kingdom or the United States, Midatech does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise arising.

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

NRAABMBTMBTTTFR

Close

×

RNS Number : 5368F

LightwaveRF PLC

18 May 2017

 

18 May 2017

LightwaveRF Plc

(AIM: LWRF)

 

LightwaveRF launch Google Assistant voice control for Google Home

 

LightwaveRF plc ("LightwaveRF" or the "Company"), the leading smart home solutions provider for the remote control and monitoring of light, heat, power and security through a wide range of devices via just one app, is pleased to announce the launch of Google Assistant voice control for Google Home across the LightwaveRF product range.

 

Since the launch of the Google Home hands-free smart speaker in the UK last month, LightwaveRF has been working closely with Google to achieve Google Assistant voice control for the LightwaveRF product range. This has been achieved and launched to the LightwaveRF user base today as well as being featured at Google I/O, the annual worldwide developer festival being held this week in Mountain View, California.

 

Commenting, Andrew Pearson, CEO said: "We are continuing to invest in building our cloud platform and our innovative approach allows us to quickly integrate with major connected home brands and devices to achieve high quality results.  Voice control is now widely accepted as a key enabler for smart home solutions and drives both new customer acquisition and new device sales to existing customers for the Company.  The expansion of LightwaveRF's voice control through this addition greatly improves the user experience for Google and LightwaveRF customers.  It is a testament to the quality of our technology that LightwaveRF is amongst the launch group of smart home partners for Google Home."

 

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

 

 

For further information:

Contacts:
LightwaveRF plc	www.lightwaveRF.com
Andrew Pearson, CEO	+44 (0) 121 250 3625
Kevin Edwards, CFO
WH Ireland Limited	www.whirelandplc.com
Mike Coe/Ed Allsopp (Corporate Finance)	+44 (0) 117 945 3470
Jasper Berry (Institutional Sales)	+44 (0) 20 7220 1666
Yellow Jersey PR	www.yellowjerseypr.com
Charles Goodwin/Abena Affum/Katie Bairsto	+44 (0) 7747 788 221

 

About LightwaveRF

 

LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart home automation with the introduction of the market's first internet enabled devices in 2008. Today, the Company offers a market leading proprietary Internet of Things ("IoT") platform together with applications and connected devices, which provide fully integrated remote control and monitoring of light, heat, power and security. We are dedicated to making everyone's lives easier and more fulfilled through world leading smart home technology.

 

For further information and to sign up for investor news alerts please visit www.lightwaverf.com/corporate/ 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

MSCVVLBFDEFBBBE

Close

×

RNS Number : 3440F

Spinnaker Opportunities PLC

17 May 2017

 

Spinnaker Opportunities Plc

 

First Day of Dealings

 

17 May 2017

 

Spinnaker Opportunities Plc (the "Company" or "Spinnaker") is pleased to announce that it has raised £1.2 million in an Initial Public Offering ("IPO") on the Main Market of the London Stock Exchange.

 

The IPO, which comprised a Subscription and a Placing, was oversubscribed and comprises 24,000,000 New Ordinary Shares to be issued by the Company at 5p per Ordinary Share together with one Warrant to subscribe for one new Ordinary Share at 7.5p per new Ordinary Share.  Gross proceeds were £1.2 million and net proceeds £1.07 million.  The board has invested an aggregate of £310,000.

 

Admission of the issued share capital of 26,000,120 Ordinary Shares to the standard listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange will take effect, and dealings will commence, at 8.00am today under the ticker "SOP" (ISIN: GB00BYQCS703).

 

Commenting on today's announcement, Andy Morrison, Chairman, said: "We are delighted with the support we have received for our IPO and would like to thank all our new shareholders for their interest and participation. We are now very much looking forward to building and assessing an inventory of opportunities in order to progress our strategy of making a single material acquisition as quickly and as effectively as possible."

 

Further information can be found on the Company's website at www.spinnakeropportunities.uk.

 

ABOUT THE BUSINESS

 

The Company's main aim is to generate an attractive capital return to its shareholders by achieving valuation uplift upon an acquisition and associated Reverse Take-Over transaction and by selecting a target business that has significant further value and growth potential following acquisition.

 

ABOUT THE COMPANY

 

The Company aims to create a quoted vehicle modelled according to the best practices that the founders have seen. This means for example:

 

·      The founders and their associates have invested £535,750 of the initial capital through the subscription. This aligns the interests of shareholders and the board.

 

·      No cash fees will be paid to the directors or the retained advisers (details of whom are set out below) prior to completion of a first acquisition. This helps to ensure that future decisions by the board will be based on their interests as shareholders, in full alignment with other shareholders.

 

·      Legal, financial and commercial work will be conducted in-house by the directors and retained advisers to the extent that they have the necessary capabilities.

 

STRATEGY

 

·      Spinnaker will seek a single, material opportunity as its first acquisition.

 

·      It will seek and consider opportunities either that amount to effective exit upon first acquisition or which may involve a limited period (max 2 years) of operation and growth prior to an effective exit.

 

·      A higher proportion of opportunity deal flow is expected to arise from energy and process industries, but other sectors will also be considered if within the experience set of the founders.

 

·      The founders of Spinnaker will provide only such direction and management as may be required for the ongoing business to succeed after its first acquisition.

 

The Company has an inventory of opportunities but does not have any specific acquisition under consideration at the current time. Following admission, the Company expects to engage in substantive negotiations with possible target companies and businesses with a view to concluding an acquisition as expeditiously as possible.  The consideration for the selected acquisition is likely to be funded through the issue of shares to the vendors of the target business. 

THE BOARD AND RETAINED ADVISERS

The Board

Andy Morrison (Chairman)

Mr Morrison has a background in strategic business development. He worked for Shell for 17 years and subsequently for BG Group. Since 2007, Mr Morrison has devoted his time to managing and developing junior public companies including Xtract Energy Plc, Silvermere Energy Plc and Zeta Petroleum Plc, an ASX quoted firm with operations in Romania. He has also advised Highlands Natural Resources Plc and Zenith Energy Ltd, both of which are listed on the Standard List.

Jonathan Bradley Hoare FCA (Finance Director)

Mr Bradley Hoare is a chartered accountant with over twenty years' experience in financial management and corporate advisory services.  Mr Bradley Hoare owns his own accounting practice, Welbeck Associates Limited, and over the last 20 years he has formed over 100 companies on behalf of Welbeck Associates many of which he served as a director on formation.

Tony Harpur (Director)

Mr Harpur joined Shell in 1978 on their graduate scheme. After 23 years with Shell, Mr Harpur joined BP in 2000 to take over its Middle East crude oil desk and in 2003 he moved back to Dubai to be BP's Vice-president for Integrated Supply and Trading for the Middle East and India. In 2006 the Oman Government and Vitol set up a new joint-venture energy trading company named Oman Trading International ("OTI") and Vitol recruited Mr Harpur to be the first CEO of the company. Mr Harpur retired from Vitol and OTI in 2011.

Richard Liddell (Director)

Mr Liddell has a background in upstream oil and gas resource evaluation, development and production and electrical power project development.  He has worked for Phillips Petroleum Company BG Exploration and Production and Premier Oil Plc.  He is an experienced public company chairman and director including former chairman of Falkland Oil and Gas Limited and is currently Senior Non-Executive Director of Sound Energy Plc. 

Retained Advisers

David Bott

David is Chairman of Oxford Biomaterials and a Non-Executive Director of Oxford Advanced Surfaces Group. He originally qualified with a degree in Polymer Science and pursued an early career amongst major industrial firms including BP, Courtaulds and ICI rising to the role of Director of Group Technology at ICI. He was a founder and then Director of Innovation Programmes at the UK Government's Technology Strategy Board from 2007-2013.

Michael Doherty

Michael (Mike) is Chairman of Impact Oil and Gas Ltd, an exploration company with a focus on Africa. He started his career in the seismic industry and was a co-founder of Merlin Geophysical Company Limited in 1979.  Since then Mike has been CEO of a number of E&P companies with global operations including Ardmore Petroleum, Tuskar Resources PLC and Trans-Dominion Energy.  Along with the Directors, Mike has made a significant personal investment in Spinnaker.

 

ENQUIRIES

 

Spinnaker Opportunities Plc

Andy Morrison

07980 878561

 

SP Angel (Financial Adviser and Broker)

Lindsay Mair

Caroline Rowe

020 3470 0470

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

LISGGUAGAUPMGQQ

Close

×

Neville Registrars is delighted to welcome Spinnaker Opportunities Plc as the newest addtion to its list of client companies.

Spinnaker Opportunities was incorporated on 17 November 2016 with a view to creating a cash shell to be listed on the main board of the London Stock Exchange, Standard List segment and thereafter to seek an acquisition of a material business opportunity which is likely to constitute a Reverse Takeover (“RTO”).

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

Close

×

RNS Number : 0526F

Solid State PLC

15 May 2017

 

 

RNS Reach

 

15 May 2017

 

Solid State plc

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

 

Opening of state of the art Antenna

Development, manufacturing and test facility in Leominster

 

Solid State plc (AIM: SOLI), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, advanced antenna products, communications systems and battery power solutions to the electronics market, is pleased to announce the opening of its new Steatite Antennas development, manufacturing and test facility in Leominster, Herefordshire.

 

The Antennas business unit at Steatite was created through the acquisition of Q-par Angus Limited in May 2013.  Since the acquisition, the unit has developed ever more complex antenna solutions for its global client base through technological innovation and advanced design.  To support the growth of Steatite Antennas and to enable advancements in antenna testing, the operations moved to the new site in January 2017.

 

The new facility has been purpose built to enable the design, manufacture and testing of complex systems and contains a specialist near-field RF test chamber large enough to accommodate antennas with dish dimensions up to 3 meters in diameter.

The site was opened by the current Conservative Party candidate for North Herefordshire, Bill Wiggin.

Commenting on the opening, Matthew Richards, MD of Steatite, said:

"This is a world-class facility, incorporating some of the most advanced near-field testing capabilities in the UK. It represents a significant investment by the Company into its antennas business and will enable Steatite to remain at the cutting edge of antenna design, manufacture and testing."

 

For further information please contact:

 

Solid State plc	01527 830 630
Gary Marsh – Chief Executive Peter James – Group Finance Director	investor.information@solidstateplc.com
WH Ireland (Nominated Adviser & Joint Broker)	0117 945 3470
Mike Coe / Ed Allsopp (Corporate Finance) Jasper Berry / David Kilbourn (Corporate Broking / Sales)
finnCap (Joint Broker)                    Ed Frisby/ Kate Bannatyne (Corporate Finance) Emily Morris / Rhys Williams (Corporate Broking / Sales)	020 7220 0500
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	tom.cooper@walbrookpr.com

 

 

 

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 industrial/rugged computing products, battery power solutions, communications systems, advanced antenna products and electronic components 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 distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

 

Headquartered in Redditch, Solid State employs over 200 staff across five sites.  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 company news service from the London Stock Exchange

 

END

 

 

NRAOKBDBPBKDFPD

Close

×

Neville Registrars is delighted to welcome The Ukraine Opportunity Trust PLC as the newest addition to its list of client companies.

The principle activity of the Company is to carry on business as an investment company. 

Close

×

RNS Number : 6619E

Concepta PLC

10 May 2017

 

 

10 May 2017

Concepta plc

("Concepta" or the "Company")

Concepta signs first distributor agreement in China

Concepta Plc (AIM: CPT), the pioneering UK healthcare company and developer of a proprietary platform and suite of products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility, is pleased to announce that it signed a distributor agreement with Beijing ThinkBrio Medical Technology Consulting Co., Ltd (''ThinkBrio'').

The agreement covers an initial three year period, and relates exclusively to the distribution of the myLotus range of products within LiaoNing province in China. If successful Concepta intends to seek extension of the agreement with ThinkBrio to cover further Chinese territories.

The CEO of ThinkBrio, Mr Liu Wei, has an extensive background in Public Relations and was previously involved with the launch of Viagra in China. These attributes, together with the strong backing of the Beijing Maternity Hospital Group, combine medical endorsement and consumer understanding to provide women in China with innovative products to help them with unexplained infertility.

Erik Henau, CEO of Concepta says: "Mr Liu has had a lot of experience with the development of our organisation in China and, through lengthy discussions and preparations, has built up a great understanding of the need for our products and how to promote and sell them in the region. This initial agreement offers us the opportunity to evaluate our logistics chain and marketing activities. It will allow us to gather data and experience for discussions with further distributors in China down the line and will help us to fine-tune our strategy for expanding manufacturing capacity."

Liu Wei, CEO of ThinkBrio says: "The myLotus products are unique and will be a great help to many women in China. We look forward to working with Concepta to develop their presence in the Chinese infertility market. We have already conducted rigorous testing of the products prior to launch and we are now in the final stages of hospital evaluations – after which we can begin commercialisation of myLotus in China."

 

Enquiries:

 

Concepta plc

Adam Reynolds, Chairman

Tel: +44 (0) 7785 908158

 

SPARK Advisory Partners Limited (NOMAD)

Neil Baldwin / Mark Brady

Tel: +44 (0)20 368 3550

 

Beaufort Securities Limited (Broker)

Jon Belliss

Tel: +44 (0)20 7382 8300

 

Yellow Jersey PR Limited (Financial PR)

Felicity Winkles / Joe Burgess / Francesca Hillier

Tel: +44 (0) 7748 843 871

 

 

 

About Concepta Plc:

Concepta plc is a pioneering UK healthcare company that has developed a proprietary platform and products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility*.

 

Founded in 2013, Concepta has developed a revolutionary flagship product 'myLotus' for home self-testing that helps women with unexplained infertility to conceive.  

 

myLotus is the only consumer product which allows both quantitative and qualitative measurements of a woman's personal hCG and LH hormone levels in an easy to use home test to facilitate higher conception rates and early diagnosis of any fertility problems.  Competitor products currently only allow qualitative measurement and are based on the 'average woman'.  

 

Concepta has a defined route to market for its new 'myLotus' product with Regulatory approvals for launch in China in place for H1 2017 and CE-Marking for UK and Europe to follow later in 2017. The revenue potential of the Chinese and EU infertility market is worth c.£600m per annum for the company.

 

*Unexplained infertility refers to women that have been unable to conceive after 6 months of trying. This highly motivated target group of consumers won't typically be offered medical intervention until 12 months of unsuccessfully trying, with IVF not offered until two years. Research indicates couples start to take positive action ahead of this time and there is little medical support to help them do so.

 

About RNS Reach announcements

 

RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

NRAUGUBAAUPMGQB

Close

×

RNS Number : 6316E

Nasstar PLC

10 May 2017

 

Nasstar plc

("Nasstar", "Company" or "Group")

Nasstar receives '1000 Companies to Inspire Britain' Award

10th May 2017

 

Nasstar (stock code: NASA), a provider of hosted managed and cloud computing services, is pleased to announce it has been named as one of '1000 Companies to Inspire Britain' in the London Stock Exchange's 2017 report published today.

 

The Report showcases the UK's fastest-growing and most dynamic small and medium sized businesses. To be included companies need to show consistent revenue growth over a minimum of three years which significantly outperforms industry peers. The Report is endorsed and supported by government, the major political parties and the UK's major business associations, all endorsing Nasstar as one of the best performing companies in the UK, not just in its profession or industry, but across all business.

 

Nigel Redwood, Chief Executive Officer of Nasstar, said:

"It is a real honour to be named on such a prestigious list of growing SMEs by the London Stock Exchange. It's testament to the hard work and dedication of every Nasstar employee, who constantly strive to deliver the highest standard to our very loyal and supportive customers. This accolade reinforces our confidence in our acquisitive growth strategy, having acquired four businesses in the last three years. Our last acquisition, Modrus, completed our service portfolio and now enables the Group to focus on maximising and realising the benefit of bringing together all of our acquisitions."

 

For further information, please contact:-

 

Nasstar plc                                                                   +44 (0) 1952 225 000

Nigel Redwood, Chief Executive Officer               

Niki Redwood, Finance Director                          

 

finnCap Limited (Nominated Adviser & Broker)               +44 (0) 20 7220 0500

Julian Blunt, James Thompson (Corporate Finance)

Stephen Norcross (Corporate broking)

 

 

About Nasstar plc

Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers. The Group provides a true end to end service for clients providing them with enhanced IT performance and greater cost control over their IT function. The Group owns its primary data centre, is head quartered in Telford with regional offices in Northampton, London and Bournemouth whilst 24 x 7 support is delivered from its Auckland office in New Zealand. Nasstar is an accredited Microsoft Gold Partner, is the 2016 Citrix Networking Partner of the Year and is certified to ISO 27001.

 

Nasstar specialises in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including "Anywhere Access" to computing; a standardised corporate solution that can be accessed globally in multiple languages; generating cost savings when compared to the traditional IT ownership model whilst replacing capital expenditure with a simple usage based payment model.

 

 

Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.

 

Ends

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

NRAUKRORBNAVRAR

Close