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RNS Number : 4472P

BMR Group PLC

17 November 2016

 

BMR Group PLC ("BMR" or the "Company")

Kabwe Plant Construction Update

The Board is pleased to announce the following update on the progress at Kabwe.

Plant Construction Update

a) Civil Works

Marking out and excavation of the thickener, leach and precipitation tank foundations will be completed this week ready for steel fixing, shuttering and concreting to start. Two crews will be working in tandem to complete as much of this work as possible before the Christmas holiday.

b) Mechanical – Tanks, Thickeners and Filter Presses

All stainless steel tanks for the leach/precipitation/zinc re-leach have been ordered and will be completed by Christmas ready for shipment. The mild steel precipitation and lead leach tanks manufactured in Kabwe are currently undergoing inspection and testing prior to acceptance. The lime and limestone mixing tanks for the precipitation stage are currently under construction. Agitator mechanisms for the tanks have started to arrive on site. 

A supply and delivery contract to Kabwe has been negotiated with Roytec South Africa for all thickeners, filter presses and the automated flocculant dosing units. By our negotiation of the contract covering all these items, important savings have resulted to the Company.  Roytec South Africa is able to offer commissioning services and technical backup in Zambia.

c) Horizontal Belt Filter (HBF)

A redundant, unused HBF has been located and purchased from a copperbelt mining company in Zambia at a significant saving for the Company.  This purchase is viewed by the Board as a key piece of mineral processing equipment and arrangements are being made to move the unit to Kabwe in the coming weeks.

 d) Electrical

An additional 500 kVa capacity transformer has been installed and commissioned at the plant site as part of the programme to meet the anticipated demand.

Plant Commissioning and Production Ramp-up Target Dates

Provisional target date for plant commissioning has been delayed to mid 2017, as a result of the lead times on deliveries of major items of capital equipment, when BMR will initially process wash plant tailings ("WPT") feed.  BMR then envisages ramping-up production in two further stages.

After commissioning, the Board estimates that approximately 12 months will be required to assess fully the performance of the plant as designed before embarking on the first stage to increase production. This will be achieved through an incremental increase in tonnage throughput by the introduction of an equal tonnage of Star Zinc high grade ore to combine with the WPT feed.  The result will be a significant increase in zinc production.  Lead production will not be affected. With the exception of the acid brine leach and the lead recovery sections, this first stage plant expansion can be achieved by adding modules to the existing plant.

The second stage ramp up is planned to coincide with the processing of leach plant residue ("LPR") and imperial smelting furnace slag ("ISFS"). The tonnage throughput is likely to be made up of 2:1 ratio of LPR and ISFS combined with an equal tonnage of Star zinc ore. As announced on 3 October 2016, additional metallurgical investigation work is required to assess the extent of the modifications required to the acid brine leach section of the plant. This metallurgical test work will now be extended to investigate the impact of introducing the Star Zinc ore to the feed.  Details of the test work results will be advised in due course. Provisional target date for commissioning this second stage is 2020.

Vanadium

The appointment of Alfred H Knight, an accredited metallurgical lab in Kitwe has been accepted by the Minerals Consultancy Corporation (MCC) to carry out confirmatory metallurgical test work to meet the criteria for the JORC report. In the announcement of 3 October 2016, it was stated that the in-situ ISFS vanadium potential amounted to 9,000 tonnes, which is equivalent to a grade of 0.6%, which was the assayed figure of the random sample used for the test work.

Appointment of a Plant Construction Manager

The Board is pleased to announce that it has contracted the services of Jeff Livesey to manage the construction of the Company's tailings re-treatment plant at Kabwe. Jeff is a professional plant construction manager who has recently completed a series of projects for different divisions of the Anglo American group in South Africa.  He will be resident in Kabwe during construction until the plant is commissioned.

 

Note: This announcement has been reviewed by Geoff Casson, B.Sc. (Hons), PhD, R Eng (Zambia), Member Engineering Institute of Zambia (Metallurgy), General Manager of the Company's Zambian subsidiary, Enviro Processing Ltd, who is a Qualified Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies.

A further announcement concerning anticipated costings and process and output volumes will be made in due course.

Similarly, BMR expects to make a further announcement shortly concerning the exercise of the option agreement with Bushbuck Resources Limited of Zambia to acquire its Large Scale Prospecting Licence 19653-HQ-LPL (Star Zinc), as first announced on 16 August 2016.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

Alex Borrelli, Chairman, commented: " We are delighted to have secured Jeff's construction and management skills at this important stage of the construction of the plant.  Shareholders will note from this update the considerable progress that has already been achieved which is within our cost budget for the plant." 

Ends

For further information:

BMR Group PLC                                                                                 020 7734 7282

Alex Borrelli, CEO and Chairman

 

WH Ireland Limited                                                                           020 7220 1666

NOMAD and Joint Broker

Chris Fielding, Head of Corporate Finance

 

Peterhouse Corporate Finance                                                        020 7469 0930

Joint Broker  

Lucy Williams/ Duncan Vasey/ Heena Karani

 

 

 

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RNS Number : 1458P

Altitude Group PLC

15 November 2016

 

Altitude Group plc

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

First "Click to Ship" (C2S) Web Sites Launched

Altitude, the provider of technology solutions for the personalised products industry is pleased to announce that the first "Click to Ship" web sites were launched and went live with distributors over the last two weeks in accordance with the timetable outlined in our Interim Results announced on 20 September 2016 for the six months ended 30 June.

As at 14 November 2016 the first 11,000 web sites had been launched for distributors. All the sites were issued through our first key trading partners in the USA, Aprinta and AI Mastermind.

Each C2S web site provides a full ecommerce platform to Personalised Product resellers, including a product catalogue, product visualisation and production-ready artwork functionality at no upfront cost. The Company is remunerated as a percentage of revenue processed through the web sites. The Board believes this compelling offer is potentially structurally changing in the highly fragmented personalised and promotional product, signage and printed wearables industries within the USA, a market estimated to be worth more than $22 billion per annum.

The C2S solution and basis of trading remains the key strategic priority of the Company. The scale and speed of roll out will continue to be carefully managed and evaluated. The Company looks forward to making further announcements of continued progress as we continue to roll out the solution and explore similar opportunities. 

 

Enquiries:

 

Altitude Group plc Peter Hallett, Chairman	07887 987469
WH Ireland Limited (Nominated Adviser and Broker) Tim Feather/Ed Allsopp	0113 394 6600

 

 

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RNS Number : 1500P

Midatech Pharma PLC

15 November 2016

 

 

 

 

 

 

15 November 2016

 

Midatech Pharma PLC

("Midatech" or the "Company")

 

Midatech selects MTR104 candidate for treatment of liver cancer

 

Midatech Pharma (AIM: MTPH, Nasdaq: MTP), the international specialty pharmaceutical company focused on developing and commercialising products in oncology, has today announced that, following intensive research over the past two years with its gold nanoparticle technology, it has selected its wholly-owned candidate compound, MTR104, to take into a formal IND-enabling programme during 2017, followed by human studies planned for 2018.

 

The programme is focused on advanced liver cancer where current chemotherapeutic treatment options are limited and the typical survival period is six months. Midatech is pursuing improved forms of cancer therapy based on combining marketed chemotherapeutic medicines with tumour-targeting molecules or peptides on the same nanoparticle-based conjugate.  The aim is to allow highly toxic drugs to be specifically targeted to and delivered at the tumour cells while sparing normal tissue, thereby reducing side effects and enhancing efficacy.

 

Commenting on this candidate selection, Jim Phillips, CEO of Midatech Pharma, remarked: "In-line with the internal development strategy as announced in conjunction with the Company's recent fundraise, candidate selection of MTR104 follows a comprehensive research and development programme that included very encouraging targeting and tumour reduction data in the preclinical setting, and we are looking forward to progressing MTR104 through development into the clinic as we hope to make a difference for patients suffering from this severe disease."

 

– Ends –

 

For more information, please contact:

 

Midatech Pharma PLC

Jim Phillips, CEO

Tel: +44 (0)1235 888300

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 / Hendrik Thys

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 and other therapeutic areas 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 in other therapy areas, 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

 

About our gold nanoparticle (GNP) technology

The patented gold nanoparticle (GNP) technology has been developed to improve key parameters when bound to existing and new drugs. GNPs comprise of a core of gold metal atoms to which an organic layer of carbohydrates or glycans (e.g. glucose, galactose or lactose) are attached via gold-sulphur bonds. Linkers for therapeutic agents (e.g. small molecules and chemotherapeutics) and peptides (e.g. insulin) – are attached to the gold core during the self-formation process. This process involves intricate yet uncomplicated synthesis that produces multi-component particles that may deliver multiple drug molecules to the targeted site. The GNP platform has potential uses in Oncology, Immunology/ Auto-immunology and Neurology, amongst others.

 

Forward-Looking Statement

Certain statements in this press release may constitute "forward-looking statements" within the meaning of legislation in the United Kingdom and/or United States. Such forward-looking statements include, but are not limited to, statements regarding the ability of Midatech to successfully test, manufacture, produce or commercialize products for conditions using the nanoparticle and sustained release drug delivery platforms, and the ability for products in development to achieve positive clinical results, and the ability to meet or achieve timelines associated with pre-clinical studies, clinical trials or regulatory submissions. 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.

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RNS Number : 1833P

WANdisco Plc

15 November 2016

 

15 November 2016

 

WANdisco plc

("WANdisco" or the "Company")

 

Contract win

 

Leading online gaming provider Playtika selects WANdisco's Amazon cloud solution

 

WANdisco (LSE: WAND), a leading provider of enterprise-ready, non-stop cloud software solutions, is pleased to announce it has secured an important contract win for its Amazon S3 Cloud solution, available in Amazon's AWS Marketplace, with global online gaming company Playtika.

 

Playtika selected WANdisco Fusion after an extensive tender process in which it was found to be the only solution that could transfer the large volumes of continuously changing data generated by Playtika, to the cloud without impacting the gaming experience of Playtika's six million daily players across 190 countries.  Playtika's games consistently rank among the top grossing games on Apple's App Store, Google Play and Facebook.

 

With the deployment of WANdisco Fusion's patented technology, Playtika's Amazon S3 and on-premise environments operate in parallel to ensure seamless disaster recovery in the event of an unplanned outage.

 

The deal is based on Terabytes of data being replicated by WANdisco Fusion on a subscription basis.

 

The award of this contract is directly in-line with the Company's focus of deploying its market leading WANdisco Fusion cloud solution via a number of sales channel partnerships, including Amazon, Cisco, IBM, Google, Hewlett Packard, Microsoft and Oracle.

 

Previously, the Company announced a $1.5 million contract with a US financial services institution with over $200 billion in assets secured through WANdisco's partnership with Oracle and a $775,000 agreement with a major global bank headquartered in Europe for WANdisco's Subversion Multisite Plus ALM (Application Lifecycle Management) software.

 

David Richards, Chief Executive Officer and Interim Chairman of WANdisco, commented:

 

"This is an important contract win for WANdisco as it not only demonstrates our ability to reap real benefit through our channel partnerships, but Playtika's selection of WANdisco Fusion further demonstrates that the capabilities we offer companies considering cloud migration and hybrid cloud deployments are truly unique.

 

"Playtika found that no other solution could move active, continuously changing data to the cloud without downtime and disruption and keep both their on-premise and cloud environments in sync. This further validates our vision that the Company's ability to manage unprecedented volumes of active data in the cloud is firmly at the heart of our growth strategy."

 

For further information, please contact:

 

WANdisco plc	via Vigo Communications
David Richards, CEO and Interim Chairman
Vigo Communications	+44 (0)207 830 9700
Jeremy Garcia / Fiona Henson / Antonia Pollock www.vigocomms.com
Investec (Joint Broker and NOMAD)	+44 (0)207 597 4000
Christopher Baird / Dominic Emery
UBS (Joint Broker) Rahul Luthra / Sandip Dhillon	+44 (0)207 567 8000

 

 

About WANdisco

WANdisco (LSE: WAND) is the world leader in Active Transactional Data Replication™. Its patented technology provides continuous consistent access to changing data anytime and anywhere with no downtime and no disruption. WANdisco's patented technology serves crucial high availability (HA) requirements, including migration to cloud, Hadoop Big Data and Application Lifecycle Management (ALM), Subversion, Git and Gerrit.  

 

WANdisco works directly with Fortune 1000 companies around the world and in all sectors to ensure their data, whether it is on-premise or in the cloud, gives them the real insight they need. WANdisco has an OEM with IBM and is also partnered with Amazon Web Services, Cisco, Google Cloud Platform, Hewlett Packard Enterprise, Microsoft Azure and Oracle to resell its patented technology. WANdisco is committed to the ODPi Interoperable Compliance Program to ensure its products are interoperable across a wider range of commercial Apache™ Hadoop® Platforms.

 

For additional information, please visit www.wandisco.com.

 

About Playtika

Playtika, led by its Co-Founder and CEO, Robert Antokol, pioneered free-to-play games on social networks and mobile platforms.  It is the creator of such popular titles as Slotomania, House of Fun and Bingo Blitz, which consistently rank among the top-grossing games on Apple's App Store, Google Play and Facebook.  Playtika's games are played daily by more than 6 million people in 190 countries, in 12 languages and on more than 10 platforms.  Playtika was founded in 2010 and is headquartered in Herzliya, Israel with offices in Argentina, Australia, Belarus, Canada, Japan, Romania, Ukraine and the United States.

 

 

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RNS Number : 0280P

EU Supply PLC

14 November 2016

 

 

14 November 2016

EU Supply plc

("EU Supply", the "Company" or the "Group")

 

Contract win

 

Further to its announcement of 14 October 2016, EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that the Company has signed a further addendum (the "Addendum")  to the agreement with the Minister for Public Expenditure and Reform in Ireland to deliver specifications and development of certain enhancements as well as piloting of additional modules (including licences, maintenance and support of these) for the Irish Government's national eProcurement platform, www.eTenders.gov.ie, which is powered by the Company's CTM™ platform and in use by over 2,500 public sector bodies in Ireland. As announced on 13 September 2016, the Minister for Public Expenditure and Reform recently executed its option to extend the existing agreement between the parties until May 2020.

 

The Addendum is anticipated to generate revenues of up to €320,000 with the bulk of the revenues expected to be generated in 2017. With the exception of the licences, maintenance and support, the deliverables referred to above are contracted on a time and materials basis.  

 

The signing of the Addendum further underpins the Board's confidence in expected revenue growth and achieving operating profitability in 2017. The Group remains in discussions with several customers on additional smaller enhancements projects.

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Mattias Ström, CFO       Stockdale Securities Tel: 020 7601 6100 Tom Griffiths, David Coaten

 

A copy of this announcement is available at www.eu-supply.com.

 

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

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Neville Registrars is delighted to welcome Octopus Capital Limited as the newest addtion to its list of client companies.

Octopus Capital is the holding company of a UK fund management group with positions in several specialist sectors including healthcare, energy and smaller company investing.

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

 

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RNS Number : 7937O

LightwaveRF PLC

10 November 2016

 

10 November 2016

LightwaveRF plc

(AIM: LWRF)

 

Launch of Amazon Echo Alexa voice control

 

LightwaveRF plc ("LightwaveRF" or the "Company") is the proprietary Internet of Things (IOT) and connected devices platform enabling users to remotely control and monitor light, heat, power and security through just one App. The Company is pleased to announce the launch of Amazon Alexa voice control for the LightwaveRF product range.

 

LightwaveRF has an extensive range of devices for light, heat and power all controllable with one App. During the last year the Company has made considerable investment in its cloud platform allowing it to integrate with other systems including IFTTT and Google Nest.  Through just one App, LightwaveRF can either directly operate its comprehensive range of devices or be enhanced by powerfully linking to other platforms.

 

Since the UK launch of Amazon Echo and Alexa in late September 2016, LightwaveRF has been working closely with Amazon to achieve voice control of the full LightwaveRF product range.  This has been achieved and launched to the LightwaveRF user base today.

 

Commenting, John Shermer, Founder and CTO said: "We now have a powerful cloud platform that we can easily link with other major connected home brands.  The combination of Alexa voice control and LightwaveRF massively improves the user experience for both Amazon Echo and LightwaveRF customers."

 

 

For further information:

             

Contacts:
LightwaveRF plc	www.lightwaveRF.com
Mike Lord, CEO Kevin Edwards, CFO	+44 (0)  121 250 3625
WHIreland Limited	www.whirelandplc.com
Mike Coe/Ed Allsopp (Corporate Finance) Jasper Berry (Institutional Sales)	+44 (0) 117 945 3470 +44 (0) 20 7220 1666

 

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RNS Number : 7935O

ADVFN PLC

10 November 2016

 

News Release

 

November 10th, 2016

 

 

ADVFN Books expands catalogue with

City pro's trading guide

 

 

ADVFN Books, a publisher of financial and trading books for private investors, has announced its latest title.  

 

Part of the ADVFN group (LSE:AFN), ADVFN Books has released 18 Smart ways to Improve Your Trading – a practical, no-nonsense guide to making money in the financial markets by Maria Psarra. Based on the author's experiences as a proprietary trader and wealth manager, the book distils the best habits of winning traders and investors. It also highlights the most common mistakes investors make and equips readers with the skills to avoid making them.

 

Authors for ADVFN Books are experts in finance and investing and include such names as charting guru Zak Mir, famous bear raider Simon Cawkwell, financial journalist Simon Watkins and investing expert Clem Chambers. 

 

"We are delighted to add Maria Psarra to our stable of financial writers," said Clem Chambers, CEO of ADVFN. "Maria has years of sustained, successful trading under her belt. She doesn't promote a 'magical system,' she instead focuses on how private investors can train themselves to become prosperous traders by following core principles."

 

18 Smart ways to Improve Your Trading is available now in paperback and for the Kindle. For more information about this and other titles, please visit ADVFN Books: http://www.advfnbooks.com 

 

– ends –

 

NOTES TO EDITORS

 

About ADVFN Books

ADVFN Books publishes titles about investing, trading and finance. Our books range from guides for beginners to books enabling expert traders to up their games. There are "how to" manuals and commentary on how the markets work – with a bit of humour thrown into the mix. 

Our authors are experts in finance and investing and include such names as charting guru Zak Mir, famous bear raider Simon Cawkwell, financial journalist Simon Watkins and investing expert Clem Chambers. 

ADVFN (www.advfn.com) is a global stocks and shares information website providing market-leading financial tools and data to private investors around the world.

 

 

 

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RNS Number : 5280O

First Derivatives PLC

08 November 2016

 

8 November 2016

 

First Derivatives plc

("FD" or the "Group")

 

Entry into Retail Analytics market

 

FD (AIM: FDP.L, ESM: FDP.I) announces its entry into the retail analytics market, using its Kx technology as a platform to develop solutions under a team of leading retail technology specialists recently recruited by the Group. The move opens up an addressable opportunity which, according to MarketsandMarkets, is expected to grow at 19% per annum to be valued at more than $5 billion per annum in 2020.

 

The explosion of data volumes in the retail industry is driving demand for technologies that can provide real-time analysis, which Kx, with its pedigree in handling the most demanding data challenges in capital markets, is ideally placed to meet. FD has demonstrated the capabilities of Kx to a number of leading retailers across various market segments and as a result has identified an attractive range of solutions delivering high return on investment for prospective retail customers. These solutions include analytics combining streaming and historical data around point of sale, inventory control and planning, loss prevention and customer insights. Kx's ultra-high performance, enhanced by predictive analytics and machine learning capabilities, provides the ideal next generation platform for retail analytics.

 

To deliver this opportunity FD has recruited a team of leading retail technology specialists headed by Damon Bryan, Peter Denby and Thomas Hill, who have held senior leadership positions at leading retailers including Asda and Walmart and consumer brands such as Sky. Their experience includes the creation of innovative data-driven solutions that have delivered operational efficiencies and competitive advantage across multiple industries.

 

FD intends to develop solutions that will focus on analysing large volumes of data in real time to allow instant decision making that supports the customer and provides operational efficiencies, as well as allowing business units to make more profitable decisions and provide an organisation-wide view of performance across multiple business units.

 

Damon Bryan commented: "There is more data than ever in retail and this is growing as the industry becomes technology and multi-channel focused, but many retailers are still struggling to realise the full potential value through genuine, simple and executable solutions. Kx's ability to deal with huge volumes of data takes the art of what is possible to the next level. Combining Kx with our proven retail analytics solutions and expertise will provide incremental value in areas such as merchandising, marketing and operational optimisation to deliver huge and immediate value to retailers."

 

Brian Conlon, Chief Executive Officer of FD, commented: "We are confident that the market-leading performance of our technology has the capability to disrupt a number of markets, of which retail is one that we consider to be sufficiently attractive to develop our own solutions. Combining the power of Kx with the deep domain expertise of Peter, Thomas and Damon will enable us to quickly develop and market solutions that we believe leading retailers will find compelling."

 

For further information please contact:

First Derivatives plc Brian Conlon, Chief Executive Officer Graham Ferguson, Chief Financial Officer Ian Mitchell, Head of Investor Relations	+44(0)28 3025 2242 www.firstderivatives.com
Investec Bank plc (Nominated Adviser and Broker) Dominic Emery Carlton Nelson Sebastian Lawrence	+44 (0)20 7597 4000
Goodbody (ESM Adviser and Broker) Linda Hickey Finbarr Griffin	+353 1 667 0420
FTI Consulting Matt Dixon / Dwight Burden / Antonia Gray	+44 (0)20 3727 1000

 

About FD

FD is a global technology provider with 20 years of experience. The Group's Kx technology is used by some of the world's largest finance, technology and energy institutions. FD employs over 1,700 people worldwide and has operations in London, New York, Stockholm, Singapore, Hong Kong, Tokyo, Sydney, Palo Alto, Toronto, Philadelphia, Dublin, Belfast and its headquarters in Newry.

 

For further information, please visit www.firstderivatives.com

 

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RNS Number : 5809O

Concepta PLC

08 November 2016

 

8 November 2016

 

Concepta plc ("Concepta" or "the Company")

New manufacturing facility in Doncaster

 

Concepta plc (AIM:CPT), the UK healthcare company targeting the personalised mobile health market with a primary focus on women's fertility, is pleased to announce that it has signed a 10 year lease for its new manufacturing facility in Doncaster, Yorkshire. The addition of this new facility will provide the Company with the necessary capacity and economies of scale as it pushes ahead with the launch of its MyLotus product for unexplained infertility* into China in Q4 2016 and, following CE marking, into the UK and Europe in 2017.

 

The newly built 6,000sqft premises are at the Bullrush Grove Business Park and will employ 8 full-time staff over time together with ad-hoc temporary staff when needed. The facility will be used to manufacture lateral flow test strips for the Company's MyLotus product.  The site has office-space already fitted and the Company is now establishing the manufacturing, warehousing and Quality Control areas. The site will be fully operational in Q1 2017 and has significant capacity for further expansion.

 

Concepta will situate all of its customer-facing roles at the new Doncaster facility, whilst its recently opened laboratory site in Colworth, Bedfordshire will continue as the Company's primary R&D base.

 

Erik Henau, CEO says: "We are pleased to have signed the lease on this excellent location for our UK manufacturing operations. Concepta has a commitment to Yorkshire through one of the earliest backers of our business: Finance Yorkshire. The securing of this new facility is essential to the Company's continued growth and it will provide the capacity to support our flagship MyLotus fertility product following its targeted launch in China later this year and across Europe in 2017.  

 

"Additionally, following the recent opening of our state of the art research and development hub in Bedfordshire, the Company is well positioned for new product development in the wider mobile health space and we look forward to updating the market on further exciting developments in due course."

 

ENDS

 

Enquiries:

The Company

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

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 measurement 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 'My Lotus' product with Regulatory approvals for launch in China in place for 2016 and CE-Marking for UK and Europe to follow in 2017 where 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.

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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