×

RNS Number : 6652L

Vela Technologies PLC

13 January 2016

 

13 January 2016

Vela Technologies plc

("Vela" or the "Company")

 

Update on investment in StreamTV Networks Inc.

The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, would like to update shareholders on progress at StreamTV Networks Inc. ("StreamTV") following the Consumer Electronics Show (CES) in Las Vegas, where StreamTV exhibited its Ultra-D technology, which allows 3D television to be viewed without the need for glasses and from any angle.

Vela would like to highlight an interview with Raja Rajan, the COO of StreamTV, which updates where StreamTV is with regards to the technology, manufacturing and market opportunities.

The interview can be listened to at: http://www.bootcamp.com/interview.jsp?interviewId=2526 

In summary, StreamTV is now in a position to confirm that, in conjunction with Pegatron, the Asia-based designer and manufacturer to companies like Apple, Microsoft and various major TV brands, StreamTV's products are currently in production and it is expected these will be shipped from this month to customers.

For consumers the technology is planned to be affordable and natural, with the degree of 3D adjustable to suit individual needs just like a volume control. The technology will also enable consumers to convert 2D content to 3D. The ability to do this opens up the possibility of using the technology at live events for the immediate conversion of 2D to 3D.

Vela made a minority investment of $100,000 in StreamTV in October 2013 by way of a convertible loan note. The loan notes accrued interest at the rate of 12% annually until 31 December 2014 and are currently accruing interest at the rate of 13% annually. The final maturity date on the loan notes is 1 August 2016.

Antony Laiker, Executive Director of Vela, made the following statement:

"Vela is delighted to be able to update shareholders on progress at StreamTV. The board of Vela believe that this product is truly disruptive and transformational. It addresses two major issues. Firstly, 3D technology is not all about things jumping out of screens at the viewer. Secondly, the conversion of 2D to 3D resolves the issue of there not being sufficient product. In summary, this technology offers a 'natural' viewing of content in 3D at home and enhances that content in a way not previously available."

For further information please contact:

Vela Technologies plc   Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director       Tel: +44 (0) 7802 262 443   Allenby Capital Limited (Nominated Adviser)   Nick Athanas/Katrina Perez/James Reeve   Vicarage Capital Limited (Broker) Rupert Williams/Jeremy Woodgate       Tel: +44 (0) 20 3328 5656       Tel: +44 (0) 20 3651 2910

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

MSCGGUPPGUPQPGP

Close

×

RNS Number : 5189L

First Derivatives PLC

12 January 2016

 

12 January 2016

 

First Derivatives plc

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

 

FD acquires QuantumKDB

 

FD (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services, announces that it has acquired the entire issued share capital of QuantumKDB (UK) Limited ("Quantum") for total consideration of up to £2.2m. The acquisition provides the Group with complementary consultancy expertise to support the growth of its Kx business and is expected to be earnings enhancing in the first full year following acquisition*.   

 

Acquisition rationale

 

Quantum was founded in 2011 by its CEO Kieran Lucid and provides Kx consulting in the UK, US and Hong Kong. The majority of its clients operate in capital markets and the acquisition will strengthen the Group's relationship with certain key clients as well as adding to the existing customer base. Quantum has a total of 15 consultants with strong experience in Kx technology. In its latest financial year to 13 September 2015, Quantum reported profit before tax of £0.3m and had net assets of £0.25m at acquisition.

 

Terms of the Acquisition

 

The initial consideration for the acquisition is £1.7m of which £0.6m is payable in cash and £1.1m is payable through the issue of 72,940 new ordinary shares in FD (the "Consideration Shares").  Deferred consideration of up to £0.5m is payable on the achievement of certain targets on the 12 month anniversary of the acquisition.

 

Application has been made for the 72,940 Consideration Shares to be admitted to trading on AIM and ESM and it is expected that admission will take place on 15 January 2016. The Consideration Shares will rank pari passu with the Company's existing ordinary shares in issue. Following this allotment, the total issued share capital of the Company will increase to 23,921,972 ordinary shares.

 

Kieran Lucid, Chief Executive Officer of Quantum, commented: "As the home of Kx technology, FD is a natural fit for us. We are joining at a time of rapid expansion in the Kx client base across industry sectors, as more and more clients appreciate the benefits of this technology that has dominated capital markets for more than 10 years. We are excited about drawing on the expertise we've gained to assist the Group in its ambitious plans for the future."

 

Brian Conlon, Chief Executive Officer of FD, commented: "We are experiencing increasing demand for Kx skills from existing and potential customers and the acquisition of Quantum will add to our existing capabilities and support our growth plans. We welcome its staff to the Group."

 

*This statement does not constitute a profit forecast.

 

Enquiries

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
Walbrook PR Paul Cornelius / Nick Rome / Helen Cresswell / Sam Allen	+44 (0)20 7933 8780

 

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 1,500 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

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

ACQEAEFFFELKEAF

Close

×

RNS Number : 5073L

Fastjet PLC

12 January 2016

 

fastjet Plc

("fastjet" or the "Company")

12 January 2016

 

fastjet takes off in Kenya

 

fastjet (AIM: FJET), Africa's low-cost airline, operated its first flights to Kenya on 11 January 2016, with planes taking off from Dar es Salaam and Kilimanjaro in Tanzania bound for Nairobi's Jomo Kenyatta International Airport.

 

Flights are set to operate daily, with one way fares starting from as low as at USD80 and USD50 respectively, plus tax.

 

fastjet Tanzania was given clearance by the Kenyan government as announced on 23 December 2015 to operate flights between Kenya and Tanzania under the Bilateral Air Services Agreement between the two countries, as previously approved by the Tanzanian Government.

 

Commenting, Ed Winter, Chief Executive Officer of fastjet plc, said: "These inaugural flights are an important milestone in fastjet's development and mark a significant achievement for the Company. We have been working towards the launch of these routes for some time and are excited to be bringing our proven low-cost model to a new destination.

 

"As has been the case when we have previously launched new routes, we expect to stimulate the market as passengers embrace our great value, safety and reliability. Until now, flights between these destinations have been prohibitively expensive for a great number of people; we look forward to bringing the benefits of low-cost air travel to them."

 

 

For more information, contact:

 

fastjet Plc	Tel: +44 (0) 20 3651 6307
Ed Winter, CEO
Rose Herbert, Investor Relations Manager
UK media – Citigate Dewe Rogerson	Tel: +44 (0) 20 7638 9571
Angharad Couch
Eleni Menikou
Nick Hayns
South African media – Tribeca Public Relations	Tel: +27 (0) 11 208 5500
Cian Mac Eochaidh
Kelly Webster

 

For investor enquiries please contact:

 

Liberum Capital Limited – Nominated Adviser and Joint Broker	Tel: +44 (0) 20 3100 2222
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: +44 (0) 20 7220 1666
James Joyce
Mark Leonard
Sanlam Securities UK Limited – Joint Broker	Tel: +44 (0) 20 7628 2200
Simon Clements

 

 

NOTES TO EDITORS

 

About fastjet Plc

 

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. fastjet Zimbabwe was successfully launched in October 2015. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline.

 

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.

 

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

 

For more information see www.fastjet.com

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

NRAGMGMMNMKGVZM

Close

×

RNS Number : 9405K

APC Technology Group PLC

06 January 2016

 

06 January 2016

 

APC Technology Group PLC

("APC" or the "Group")

 

LED Contract Wins and Full Year Results Announcement Date

 

Minimise Energy: LED Contract Wins

 

The Board is pleased to announce that APC's energy efficiency technologies business, Minimise Energy, has won several major LED Lighting contracts totalling over £1.15m.

 

Imtech Inviron has awarded Minimise Energy a contract to supply and install energy efficient LED lighting at 18 London Fire Brigade fire stations. The contract is part of the first phase of the Brigade's energy efficiency upgrade under the Mayor of London's RE:FIT framework, a programme designed to reduce carbon emissions in Greater London, and will lead to a combined energy saving across all 18 sites of an estimated 385,982kWh. This is one of several new projects recently undertaken with this client.

 

Minimise Energy has also been contracted by existing client Royal Mail Group to supply and install LED lighting solutions at five new sites.  This follows work successfully completed in 2015 and is a further extension of the Group's on-going energy efficiency programme for the client.

 

A substantial new contract has also been awarded by Cofely Energy Services, to supply and install LED lighting at a major London university.  This contract includes three of its largest buildings and is also delivered under the Mayor of London's RE:FIT framework. This is the first LED lighting project delivered working with Cofely Energy Services.

 

Finally, a contract to replace outdated lighting at five key Eastbourne Borough Council buildings, including Eastbourne Town Hall, has been awarded to Minimise Energy by Kier Services. The delivery of this energy efficiency programme, which will cut lighting energy consumption by an estimated 64%, has already commenced.

 

These new contract wins offer significant opportunity for future development and demonstrate the success of the Groups' revised strategy and re-focus following last year's operational review. Significantly, along with existing work streams, all projects will be delivered in the first quarter of calendar 2016.

 

Fiscal Year August 2015 Results Announcement

 

The full year to August 2015 results will be announced on 8 January 2016.

 

 

Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:

 

"I am very pleased to be able to start the New Year with further contract successes for the Group. It is particularly pleasing that these orders are in our refocused and restructured LED business and follow on from those announced in our Water and Distribution divisions before the Christmas break. It's also very encouraging and testament to the hard work of our Minimise Energy team that the new contracts comprise both new and existing customer relationships. We have built an impressive pipeline across a wide customer base and our enhanced processes and procedures will help to ensure the profitability of these contracts for shareholders.

 

"As previously announced, the year to August 2015 was a difficult year for the Group, which the full year results announcement will bring closure to. With the great progress that we have made since then, through the implementation of our operational review and in the business retained and new business won, we are starting 2016 full of confidence."

 

Enquiries:

 

APC Technology Group PLC	01634 290 588
Leonard Seelig, Chairman Richard Hodgson, Chief Executive Officer	www.apc-plc.co.uk
Cantor Fitzgerald Europe Limited (Nominated Advisor and Broker)	020 7894 7000
Andrew Craig / Will Goode / Richard Salmond (Corporate Finance)
Redleaf Communications (Financial PR)	020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

CNTXELLBQFFFBBE

Close

×

RNS Number : 6389K

Midatech Pharma PLC

04 January 2016

 

04 January 2016

 

Midatech Pharma PLC

("Midatech" or the "Company")

 

Midatech signs licencing agreement with Emergex Vaccines

 

 

Midatech Pharma (AIM: MTPH, Nasdaq: MTP), the international specialty pharmaceutical company focused on developing and commercialising products in oncology and other therapeutic areas, today announces that the Company has entered into a licensing agreement with Emergex Vaccines Limited ("Emergex"), a private UK biotechnology company focused on infectious diseases utilising Midatech's gold nanoparticle technology.  Midatech has also agreed a Service and Manufacturing Agreement with Emergex for synthesis and for manufacturing of cGMP material for clinical trials.

 

This exclusive licensing agreement is focused on Midatech's proprietary platform based on certain metal core glyconanoparticles and Emergex's development and commercialisation of various vaccines, to prevent/treat infectious diseases. This will be the first application of Midatech's nanoparticles within vaccines in infectious diseases.

 

Midatech will receive initial, milestone and royalty payments as part of the deal. Specific terms of the agreement have not been disclosed.

 

Commenting on the announcement, Dr. Jim Phillips, CEO of Midatech Pharma, said: "This licensing agreement marks another step in Midatech's ambitious growth strategy.  Emergex's interest in applying our nanoparticles to its vaccines further validates the broad potential of our technology.  The financials of the deal underline Midatech's technology platform's value outside the group's core areas of focus & the Group is comfortable that revenues will meet consensus expectations for 2015."

 

Emergex added: "The licensing of Midatech's IP and know-how together with our in-licensing of novel vaccine targets presents a significant opportunity for Emergex to create the first prophylactic/therapeutic vaccine applications in nanomedicines, strengthening Emergex's position in synthetic vaccine development.  The ability to synthesise vaccines without biological-derived components, now called "vaccines on demand" will be an important prevention/therapeutic strategy for the rapid intervention in "hot virus" epidemics and/or in meeting bio-terrorism threats."

 

– Ends –

 

For more information, please contact:

 

Midatech Pharma PLC

Jim Phillips, CEO

Tel: +44 (0)1235 841575

www.midatechpharma.com

 

Emergex Vaccines Limited

Storme Moore-Thornicroft

Tel: +44 (0) 7766 705 871

 

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

Corporate Finance

Freddy Crossley / Adam James / Atholl Tweedie / Duncan Monteith

Broking

Tom Salvesen

Tel: +44 (0)20 7886 2500

 

RBC Europe Limited (Joint Broker)

Darrell Uden / Paul Tomasic / Rupert Walford / Thomas Stockman

Tel: +44 (0)207 653 4000

 

Consilium Strategic Communications (Financial PR)

Mary Jane Elliott / Ivar Milligan / Matthew Neal / Hendrik Thys

Tel: +44 (0)20 3709 5700

Email: midatech@consilium-comms.com

 

 

About Midatech Pharma PLC

 

Midatech is an international specialty pharmaceutical company focused on oncology and other therapeutic areas with a commercial platform and three marketed products in the US. Midatech's strategy is to develop products in-house in oncology and with partners in other indications, and to accelerate growth organically and through strategic acquisitions.  The Company's R&D activities are supported by two breakthrough drug delivery technologies. The Group, listed on AIM: MTPH and Nasdaq: MTP, employs c.100 staff in four countries. For further company information see: www.midatechpharma.com

 

 

About Emergex Vaccines Limited

 

Emergex is a biotechnology company engaged in the development of agents to prevent/treat infectious diseases including vaccines.

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

AGRKMGGMMFGGVZZ

Close

×

RNS Number : 0973K

Flowgroup plc

24 December 2015

 

 

Flowgroup plc

("Flowgroup" or the "Company")

 

Contract with Shell for the provision of wholesale energy (gas and electricity) unconditional

 

Flowgroup plc (AIM: FLOW), which provides a range of innovative energy technologies, energy supply and energy services, announced on 9th December 2015 that its subsidiary Flow Energy Limited (FEL) had signed an exclusive conditional agreement with Shell Energy Europe Limited ("Shell") for the provision of energy which will potentially enable significant growth in the Company's energy supply business and increase the customer base for its mCHP Flow boiler.

 

The agreement was conditional on the satisfaction, or waiver, of certain conditions which include the filing of security documents and the activation of bank accounts.  These conditions have now been met in full and the contract is now unconditional.

 

Flowgroup plc		www.flowgroup.uk.com
Tony Stiff, Group Chief Executive Officer		Tel: +44 (0)20 3137 4525
Nigel Canham, Chief Financial Officer
Cenkos Securities plc (NOMAD and Broker)		Tel: +44 (0)20 7397 8900
Stephen Keys / Christopher Golden (Corporate Finance)
Julian Morse (Sales)
Walbrook PR Ltd (Media Relations)	Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com
Paul McManus		Mob: +44 (0)7980 541 893
Nick Rome		Mob: +44 (0)7748 325 236

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

CNTTJBFTMBJTBMA

Close

×

RNS Number : 1040K

WANdisco Plc

23 December 2015

 

 

 

23rd December 2015

 

WANdisco plc

 

Two significant new Big Data contract wins

 Continued cost control

  

 

WANdisco (LSE: WAND), the leading provider of non-stop Big Data, has secured two key new Big Data contracts, amongst the largest ever by its Big Data business. The two contracts comprise an initial deal with a new customer in financial services; and a scale-up deal with an existing customer in telecommunications.

 

Other Big Data deals since the end of the first half of the year have also come from the financial services and telecommunications industries, where our customers need data replication in order to address regulatory requirements, cost savings imperatives, and revenue opportunities from combining and enriching data. A significant proportion of these new contracts resulted from existing customers scaling up to significantly greater data volumes and more data centres.

 

In these recent deals we have integrated our Fusion Big Data product with multiple Hadoop distributors and also with various other data storage and processing platforms. Our Big Data sales and marketing activities continue to be oriented towards our global storage and data processing partners, such as Oracle, IBM and Amazon. These partners are investing heavily in public and private cloud infrastructures, where data replication between mixed storage environments is critical.

 

The latest version of Fusion, announced earlier this month, addresses key requirements brought into focus by the rapid adoption of cloud-based data storage: streaming back-up, uninterrupted migration and burst-to-cloud capabilities. For customers seeking to extend replication even further, the new Fusion Software Development Kit enables active-active replication across all data sources.

 

Implementation activity since the end of the first half has increased the number of live Big Data customers to four. Other customers are at advanced stages in their implementations. This progress in taking customers into live production is creating further contract scale-up opportunities for the future.

 

In our Application Lifecycle Management business, new customers since the end of the first half include corporations developing applications for internet search engines, gaming, hospital systems and securities trading. Add-ons for existing customers are benefitting from greater sales focus, and have included a significant user expansion at a global telephony software developer. Renewals have continued to contribute a significant proportion of sales, benefitting from the same execution improvement as was seen in the first half and including significant renewals from a network infrastructure provider and a wireless network testing business.

 

Operating costs have continued to be reduced across both the ALM and Big Data businesses, with overheads in the third quarter below those in the second quarter, continuing the reduction reported in the first half of the year. These reductions, lowering our ongoing cost base, have resulted both from the simplicity and openness of the Fusion product's architecture and from general cost disciplines across all operating functions.

 

Our results for the year ending 31 December 2015 are due to be announced on 16 March 2016. 

 

 

 

 

For further information please contact:

 

WANdisco plc David Richards, Chief Executive Officer   Paul Harrison, Chief Financial Officer   Phil Branston, VP Corporate Development & Investor Relations	via FTI Consulting
FTI Consulting    Matt Dixon / Dwight Burden / Rob Mindell	+44 (0)20 3727 1000
Investec (Joint Broker and NOMAD)   Christopher Baird / Dominic Emery	+44 (0)20 7597 4000
UBS Investment Bank  (Joint Broker)   Rahul Luthra / Sandip Dhillon	+44 (0)20 7567 8000

 

 

About WANdisco

WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial continuous availability requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

 

Disclaimer

This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. Undue reliance should not be placed on any such statements because they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and WANdisco's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. WANdisco undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

MSCLLFFDFLLVFIE

Close

×

RNS Number : 9627J

Fastjet PLC

23 December 2015

 

fastjet Plc

("fastjet" or the "Company")

23 December 2015

fastjet launches flights to Kenya

 

fastjet (AIM: FJET), Africa's low-cost airline, is delighted to announce that fastjet Tanzania  has been given clearance by the Kenyan government to operate flights between Kenya and Tanzania under the Bilateral Air Services Agreement between the two countries, as previously approved by the Tanzanian Government. Two new routes, Dar es Salaam to Nairobi, and Kilimanjaro to Nairobi are on sale from today, with one way fares starting from as low as at USD80 and USD50 respectively, plus tax.

 

From 11 January 2016, fastjet Tanzania will operate a daily flight between Dar es Salaam and Nairobi and between Kilimanjaro and Nairobi.  Flights between Zanzibar and Nairobi and Dar es Salaam and Mombasa are also expected to be added to the network later in 2016.

 

Ed Winter, Chief Executive Officer of fastjet Plc, said: "fastjet Tanzania has been working towards the launch of these routes for some time and we are extremely pleased that clearance has now been granted to commence operations. 

 

"To date, passenger traffic between the major cities of Dar es Salaam and Nairobi, which have a combined population of over 8 million people, has been limited by high air fares which, we believe, have excluded large parts of the local population from air travel. The only alternative to flying is to undertake a long and difficult journey by road, which can take up to 12 hours. As has been the case with other routes that we have launched, we expect to stimulate the market as passengers embrace fastjet's great value, safe, reliable flights and move from road to the air.

 

"Nairobi and Dar es Salaam are not only key travel destinations, and two of the busiest* airports in the region, but also hubs with extensive regional and international networks.  Expanding the network into Kenya marks an important milestone in fastjet's strategic development and is a significant achievement for the Company, its staff and shareholders."

 

*Busiest by passenger numbers. Source: Ready for Take Off? The Potential for Low-Cost Carriers in Developing Countries, 2012, World Bank Group Report.

 

For more information, contact:

 

fastjet Plc	Tel: +44 (0) 20 3651 6307
Ed Winter, CEO
Rose Herbert, Investor Relations Manager
UK media – Citigate Dewe Rogerson	Tel: +44 (0) 20 7638 9571
Angharad Couch
Eleni Menikou
Nick Hayns
South African media – Tribeca Public Relations	Tel: +27 (0) 11 208 5500
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:

 

Liberum Capital Limited – Nominated Adviser and Joint Broker	Tel: +44 (0) 20 3100 2222
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: +44 (0) 20 7220 1666
James Joyce
Mark Leonard
Sanlam Securities UK Limited – Joint Broker	Tel: +44 (0) 20 7628 2200
Ken Williams

 

 

NOTES TO EDITORS

 

About fastjet Plc

 

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. fastjet Zimbabwe was successfully launched in October 2015. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline.

 

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.

 

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

 

For more information see www.fastjet.com

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

MSCLFFVVFFLFFIE

Close

×

RNS Number : 1804J

Transense Technologies PLC

16 December 2015

 

16th December 2015

Transense Technologies plc

("Transense" or the "Company")

 

Translogik Contract Win with Continental

 

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that Translogik, its Tyre Management Solutions Division, has signed an agreement with Continental Reifen Deutschland GmbH, to supply its ContiTrade unit with the new iOS compatible version of its TL-G1 Tyre Inspection Probe. 85 kits have been ordered to date as the deployment commences, with significant further orders anticipated.

The tyre inspection probes will be used as part of ContiTrade's tyre management system, "FleetFox". This customer-focused system provides accurate, real-time information on tyre pressure, tread depth and overall tyre condition, including any potential damage, in order to provide recommendations on optimal usage and estimates for remaining tyre life and anticipated replacement dates.

 

Bernhard Bamberger, Head of Fleet Management Business Unit ContiTrade and Project Manager for the development of FleetFox, commented: "For the primary users of the FleetFox system, mainly truck tyre salesman, truck tyre fitters (in-store or mobile service) and roadside mobile support, having robust and reliable tyre inspection hardware is absolutely essential. Consequently,  at the beginning of 2015 we realigned our tyre management hardware strategy and re-evaluated all our hardware suppliers. In terms of tyre data measurement tools, Translogik probes were determined to be the best. Our prior experience with the products, and the customer service orientation of Translogik were decisive factors in this decision.

Going forward, ContiTrade  is planning a fully digital data strategy in its stores, with a strong focus on the consumer and commercial customers. As a long-standing partner of ContiTrade, supplying wireless tyre inspection tools, as well as other complementary services, ContiTrade will lead talks with Translogik about possible cooperation to a much greater extent in the future."

Graham Storey, CEO of Transense said: "The Translogik TL-G1 Probe, which is now used in 41 countries, 17 of these being in the EU, is well on the way to becoming the industry standard wireless tread depth and pressure measuring tool. Having the latest version of the probe used by ContiTrade's large retail network provides Translogik with another significant sales channel."

 

For further information, please contact:

Transense Technologies plc – Tel: +44 1869 238 380

Graham Storey, Chief Executive

finnCap – Tel: +44 20 7220 0500

Ed Frisby, Giles Rolls (corporate finance)

Tony Quirke, Alice Lane (corporate broking)

IFC Advisory – Tel: +44 20 3053 8671

Tim Metcalfe, Graham Herring, Heather Armstrong

 

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").

www.transense.co.uk

 

About Translogik

Translogik, a trading division of Transense Technologies plc, is a provider of innovative tyre management solutions for the OTR (Off-the-Road), commercial and passenger vehicle markets

The product portfolio includes wireless tyre temperature & pressure monitoring systems, tread depth, pressure and temperature data collection tools for truck, bus and OTR vehicle tyre inspections, and RFID (Radio Frequency Identification) tags, patches and UHF readers for tyres and general asset tracking.

The products have been designed to operate in hostile and demanding environments, such as mining, earth-moving and construction.

www.trans-logik.com

 

About Continental AG

Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2014, the corporation generated preliminary sales of approximately €34.5 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tire, and ContiTech. Continental currently employs more than 205,000 people in 53 countries.
www.continental-corporation.com

About Continental Tire Division

The Tire Division currently has 24 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility. As one of the world's leading tire manufacturers with more than 47,000 employees, the Tire Division achieved sales of €9.8 billion in 2014. 

About ContiTrade

ContiTrade is the umbrella organisation for retail activities of the Tire Division of Continental AG. With over 2,000 locations and over 6,000 employees in fourteen countries it sold over 5 million tires in 2014.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

NRAGGGRAPUPAGMA

Close

×

Neville Registrars is delighted to welcome APC Technology Group Plc as the newest addtion to its list of client companies.

APC Technology Group Plc is one of the UK’s leading providers of sustainability technologies, products and services and an established distributor of specialist electronic components. Further information can be found on the Company's website: http://www.apc-plc.co.uk/

Close