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RNS Number : 3860V

Crimson Tide PLC

05 April 2023

 

This announcement contains Inside Information

 

5 Apr 2023

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Contract win with NHS Trust

 

 

Crimson Tide plc (TIDE), the provider of the mpro5 Smart App Solution, is pleased to announce a contract win with an NHS trust in the South East of England with a scalable upside opportunity.

 

The initial contract value is c£250k over its initial 36-month term; however, the project is anticipated to increase in size and contracted revenue later in the year.

 

mpro5 will help the Trust understand the current condition and level of statutory compliance of each space in its facilities, supplemented by data captured on our mobile app from a wide range of incidents with associated rectification and response times. Our smart app solution will enable different departmental datasets to be consolidated and enable aggregated compliance processes to be completed on smartphones and tablets.

 

mpro5's KPI dashboards will display calculations of actions to costs and highlight efficiencies and remedial actions for the first time in a consolidated manner. Data integrity is critical, and the mpro5 infrastructure in Microsoft Azure will ensure accurate current and historical data with industry-leading security and uptime.

 

The Company anticipates adding its Internet of Things ("IoT") module later this year, projecting the installation of over 1,000 sensors to enable sensor-driven actions, one of mpro5's key differentiators.

 

Barrie Whipp, Chairman, commented: "To be able to deploy mpro5's full functionality across an entire NHS Trust is a validation of our mobile web and reporting functionality and displays our ability to help flexibly improve compliance and efficiency. Micro reporting on space compliance and costs will lead to a greater understanding of how NHS Trusts can improve their operational effectiveness. The anticipated addition of our IoT module later in the year will enable sensor-driven actions to improve efficiency further, as well as reduce costs and should appeal to other trusts – we see this first installation as a flagship site."

 

 

For further information, please contact:

 

Crimson Tide plc	+441892542444
Barrie Whipp / Jacqueline Daniell / Peter Hurter
finnCap (Nominated adviser and Broker)
Corporate Finance: Julian Blunt / Milesh Hindocha	+44 20 7220 0500
Corporate Broking: Andrew Burdis	+44 20 7220 0500
Alma PR – (Financial PR)
Josh Royston / Will Ellis Hancock	+44 7780 901 979

 

Crimson Tide provides mpro5, the Smart App Solution. For further information, see mpro5.com and on Crimson Tide plc, crimsontide.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 3860V

Crimson Tide PLC

05 April 2023

 

This announcement contains Inside Information

 

5 Apr 2023

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Contract win with NHS Trust

 

 

Crimson Tide plc (TIDE), the provider of the mpro5 Smart App Solution, is pleased to announce a contract win with an NHS trust in the South East of England with a scalable upside opportunity.

 

The initial contract value is c£250k over its initial 36-month term; however, the project is anticipated to increase in size and contracted revenue later in the year.

 

mpro5 will help the Trust understand the current condition and level of statutory compliance of each space in its facilities, supplemented by data captured on our mobile app from a wide range of incidents with associated rectification and response times. Our smart app solution will enable different departmental datasets to be consolidated and enable aggregated compliance processes to be completed on smartphones and tablets.

 

mpro5's KPI dashboards will display calculations of actions to costs and highlight efficiencies and remedial actions for the first time in a consolidated manner. Data integrity is critical, and the mpro5 infrastructure in Microsoft Azure will ensure accurate current and historical data with industry-leading security and uptime.

 

The Company anticipates adding its Internet of Things ("IoT") module later this year, projecting the installation of over 1,000 sensors to enable sensor-driven actions, one of mpro5's key differentiators.

 

Barrie Whipp, Chairman, commented: "To be able to deploy mpro5's full functionality across an entire NHS Trust is a validation of our mobile web and reporting functionality and displays our ability to help flexibly improve compliance and efficiency. Micro reporting on space compliance and costs will lead to a greater understanding of how NHS Trusts can improve their operational effectiveness. The anticipated addition of our IoT module later in the year will enable sensor-driven actions to improve efficiency further, as well as reduce costs and should appeal to other trusts – we see this first installation as a flagship site."

 

 

For further information, please contact:

 

Crimson Tide plc	+441892542444
Barrie Whipp / Jacqueline Daniell / Peter Hurter
finnCap (Nominated adviser and Broker)
Corporate Finance: Julian Blunt / Milesh Hindocha	+44 20 7220 0500
Corporate Broking: Andrew Burdis	+44 20 7220 0500
Alma PR – (Financial PR)
Josh Royston / Will Ellis Hancock	+44 7780 901 979

 

Crimson Tide provides mpro5, the Smart App Solution. For further information, see mpro5.com and on Crimson Tide plc, crimsontide.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 2253V

Ocean Harvest Technology Group PLC

04 April 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND DEPENDENCIES, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE "UNITED STATES"), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW

4 April 2023

 

Ocean Harvest Technology Group plc

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

Admission to Trading on AIM and First Day of Dealings

Ocean Harvest Technology Group plc, a leading global producer of animal feed additives from multispecies seaweed blends, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM ("AIM"), a market operated by the London Stock Exchange plc ("Admission"). Admission will take place and dealings will commence at 8.00 am GMT today under the ticker OHT. The Company's Admission Document is available to view on the Company's website at www.oceanharvesttechnology.com .

OHT delivered product revenue of €2.5million in 2022, a 67% increase on the prior year, and continues to see strong demand for its products. The Company has a market leading position in a multi billion dollar market with substantial barriers to entry. The Directors remain confident in achieving further significant revenue growth in 2023 and look forward to driving further commercial progress across the Group.

finnCap Ltd is acting as Nominated Adviser and sole broker in relation to the Admission.

Key Highlights:

 

· Based on the placing price of 16p, the market capitalisation of the Company will be approximately £20 million at Admission

· Placing raised gross proceeds of £6 million

· The Company's ISIN is GB00BQKR6R17 and the SEDOL is BQKR6R1

· Following Admission the Company will have 125,855,697 Shares in issue

 

The Company will provide a live presentation via Investor Meet Company in April. The presentation will be open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet via: https://www.investormeetcompany.com/ocean-harvest-technology-group-plc/register-investor .

 

Mark Williams, CEO, Ocean Harvest Technology, commented:

"Today's listing is an important milestone for Ocean Harvest Technology and will assist the rapid growth of the Group. The funds raised will enable the Group to continue to strengthen its global sales team and build out its supply chain. We will also continue to invest in R&D to innovate and enhance our existing customer offering in the fast growing markets the Group operates in.

"I am grateful for all the hard work of our team, and I would like to thank our new and existing shareholders for their support. We are confident in our ability deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops."

 

Capitalised terms used in this announcement and not separately defined shall have the meaning given to them in the Company's Admission Document.

 

 

Overview of Ocean Harvest Technology

Ocean Harvest Technology is one of the leading commercial scale producers of seaweed blend ingredients for the animal feed market.

The Group was founded in 2005 on the belief that an investment in research and development would result in the ability to create seaweed ingredients that would deliver a number of specific benefits across multiple animal species based on the polysaccharides and other bioactive ingredients present in particular species of seaweeds.

Since its establishment, the Group, through its research and development programme, continues to build a portfolio of intellectual property and has had commercial success in selling its products as ingredients to improve the efficiency, profitability and sustainability of the animal feed chain by delivering improvements in animal gut health.

The Group's intellectual property portfolio (comprising trade secrets, know-how, various pending patent applications and trade marks), developed in-house and in conjunction with a number of academic and corporate partners, has enabled the Group to demonstrate the significant and positive impacts of its products to potential customers. Alongside this, the Group has focused on the growth of its global seaweed supply chain from harvesters and other suppliers. Harvested seaweeds are transported to the Group's facility in Vietnam where they are processed into OceanFeed TM feed ingredients for multiple species of animals. The Directors estimate that the Group has spent over €20 million to date in R&D and commercialising its products.

The Group continues to invest in R&D, the sourcing of seaweed, and the processing and marketing of its products, as the Group pursues its growth strategy with the aim of becoming the largest supplier of proprietary blended seaweed ingredients to the global animal feed industry. The Company is headquartered in Theale, UK with further operations in Galway, Ireland and Binh Duong Province, Vietnam. The Group has grown to comprise a team of over 40 full time employees.

The Group has a growing base of customers who buy its products on a regular and recurring basis and a number of these have increased their spend over time. In FY22, the Group reported total revenue of €3.0 million and product revenue of €2.51 million, with a three-year CAGR in product revenue of 46 per cent. This is up from €1.51 million of product revenue in FY21, an increase of 67 per cent. The Group has seen further revenue growth in the first two months of the current year and expects to deliver substantial growth in 2023.

The Directors believe that the Group's business is scalable and that it is well positioned to pursue its growth strategy of targeting increasing spend by existing customers, on-boarding new customers based on the demonstrated benefits of its products and penetrating new geographic markets. The Company also anticipates upcoming R&D and trial data demonstrating a range of benefits provided by its feed additives, which the Directors believe will enable Ocean Harvest Technology to attract new customers and access new markets within the animal feed industry.

Key Strengths

· Market leading position – the Group is a leading producer of seaweed blend ingredients, at scale, for the animal feed market.

 

· High barriers to entry – to date, Ocean Harvest Technology has invested heavily in its R&D programme and trials which demonstrate both the benefits which can be achieved by its animal feed products and also the mode of action through which these are generated. This know-how and trial data are protected by the Group, and the Directors believe it would take a potential competitor many years to replicate these. Ocean Harvest Technology has strong commercial traction with a growing customer base of over 30 customers globally. The customer acquisition cycle can take many months, or even years, to complete and therefore potential new entrants would likely require significant time and investment to replicate this growth in new customers. Ocean Harvest Technology has an established, broad and diversified seaweed supply chain nurtured during its operating history of over 10 years. This supply chain is designed to operate across geographically diverse areas, cope with seasonal variability in yields and manage the many quality control requirements that must be satisfied for its products to be sold as a feed ingredient.

 

· A large and growing global market – the animal feed market produces globally over 1 billion metric tonnes of animal feed per year, which in 2021 had an approximate value of US$500 billion. This market tends to grow in line with GDP growth, but the feed additive and specific ingredient segments have been growing faster in recent years and are forecast to grow at 5 per cent. from 2021 to 20311. Ocean Harvest Technology currently has a very small penetration of this market and the Directors believe that the Group has significant opportunity for growth.

 

· Proprietary IP – Ocean Harvest Technology continues to build up its portfolio of intellectual property rights through R&D, know-how, trials, trade marks and various pending patent applications, trade marks and know-how. The IP portfolio covers many valuable areas, including the efficacy of the specific bioactive compounds in seaweeds, the application of those compounds for use in generating improved gut health in animals through their pre-biotic effect, the specific mode of action these have in the animal's microbiome and trial data to demonstrate the effectiveness of Ocean Harvest Technology's products in harnessing these benefits at commercial scale in multiple animal species as a feed ingredient. The Company continues to invest in its R&D and further develop its intellectual property portfolio. The objective of this is to demonstrate further commercial application of its existing products and to develop new products to serve additional markets.

 

· Sustainable and socially responsible ESG investment – Ocean Harvest Technology uses naturally growing, sustainably sourced seaweeds in its products. These seaweeds are either sourced from natural wild blooms, which occur periodically, or from seaweed plants harvested on a rotation basis which ensures sustainable regrowth of the plant. Unlike other feed ingredients, the Company's sourcing does not utilise material quantities of land, fresh water, fertilisers or other chemicals. Ocean Harvest Technology's seaweed supply chain has helped develop local industries and provide the harvesting communities with recurring income streams, enabling further investment in these often remote coastal regions.

 

· Robust commercial prospects – Ocean Harvest Technology has a significant opportunity to grow its sales and better serve what is a very large and growing addressable market. It is also aiming to increase its customer reach within the animal feed industry with further R&D, which the Directors believe will demonstrate additional benefits of using of the Company's products across a broader range of applications. The Directors also believe that the benefits of the Group's products will, in the future, be able to be applied through new products to other large scale markets such as the human food chain and soil conditioners.

 

· Credible and experienced management team – The Board and the Group's executive management team consists of experienced figures in the industry. The Directors believe that this will enable the Group to successfully pursue its growth strategy and develop new opportunities. Additionally, between them the Board has public market experience of both AIM and other stock exchanges.

Contacts

 

Ocean Harvest Technology Group plc	Tel: +353 (0) 935 1807
Mark Williams, CEO Adrian Crockett, CFO
finnCap Ltd (Nominated Adviser and Sole Broker)	Tel: +44 020 7220 0500
Geoff Nash / Seamus Fricker / George Dollemore (Corporate Finance)   Charlotte Sutcliffe / Harriet Ward (ECM)
Camarco (Financial PR Adviser)	Tel: +44 (0) 203 757 4991
Tom Huddart / Rosie Driscoll / Letaba Rimell	[email protected]

 

 

Notes to Editors

Ocean Harvest Technology Limited is a global leader in the development and commercialisation of value adding products from multiple species of seaweed. The Company provides a range of natural ingredients focused on improving animal performance whilst protecting the environment, through its unique and proven intellectual property portfolio. Ocean Harvest Technology's products are produced in its facility in Vietnam from seaweeds soured from multiple markets across the world.

For more information, please visit www.oceanharvesttechnology.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 6881U

Trakm8 Holdings PLC

30 March 2023

 

 

30 March 2023

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")

Iceland Foods Awards Telematics and Optimisation Contract Extension

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider today is pleased to announce that the Company has been awarded a contract extension with Iceland Foods Limited ("Iceland").

Under this contract extension the contract now extends to 31 March 2027.

Trakm8 provides full optimisation and integrated camera/telematics solutions. Under this contract extension Iceland will move onto the Trakm8 Insight platform thereby gaining access to Trakm8's other integrated services including connected care, crash notification & reconstruction and vehicle checks. A wide number of customer specific enhancements have been developed over the past twelve months to significantly improve Iceland's operational efficiency.

John Watkins, Trakm8's Executive Chairman commented: "As 'Route Monkey', Trakm8 has been contracted with Iceland since July 2013. This contract was extended in February 2016 and subsequently in August 2017. This recent contract extension reflects the hard work being done by both Iceland and Trakm8 to build a market leading home delivery solution. It is an important part of our current and future years' Fleet revenues and part of current market expectations."

 

– Ends –

 

For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: +44 (0) 1675 434 200
Jon Edwards, Chief Financial Officer	www.trakm8.com
Allenby Capital Limited  (Nominated Adviser & Broker)	Tel: +44 (0)20 3328 5656
David Hart/ Vivek Bhardwaj, Corporate Finance Tony Quirke/ Joscelin Pinnington Sales and Corporate Broking	www.allenbycapital.com

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group uses AI data analytics collected from its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 318,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Sainsbury's, Saint Gobain, EON, Iceland Foods, GSF, Direct Line Group, Ticker and Howden.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005. Trakm8 is also recognised with the LSE Green Economy Mark.

 

www.trakm8.com / @Trakm8

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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Neville Registrars is sad to announce that its Executive Chairman, Brian Cox, passed away on Sunday, 22nd January 2023, aged 86.
 

Brian’s professional career spanned more than six decades: advising on takeovers, mergers and new issues at S G Warburg & Co, before moving on to become Executive Director of Barclays Merchant Bank and serving as Non-Executive Chairman of several fully listed companies.
 

In the early nineties, Brian acquired Neville Registrars and spent the last 30 years passing on his wide corporate advisory and legal experience to advisers and clients, growing the business and shaping the continuing development of the share registration industry, well into his eighties.
 

Brian will be sorely missed by his family, friends and the entire team at Neville Registrars – several of whom have worked for him for more than 25 years. Brian’s proudest achievement was the strength and depth of expertise of the team he built and he was actively involved in the business until very recently. Mark Hickman, Director of Neville Registrars said: “It has been a privilege to have both worked with and been mentored by Brian for over two decades. Words simply cannot describe how much his influence, support and personality will be missed.”
 

Brian is survived by his wife Alex, 5 children and 8 grandchildren.
 

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This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

13 February 2023

Drumz plc 

('Drumz' or the 'Company')

New Contract wins and partners for Acuity 

Drumz plc (AIM:DRUM) is pleased to announce that Acuity Risk Management Limited (‘Acuity’), an investee company in which Drumz has a 25% shareholding has won contracts with two significant new customers to use its software platform, STREAM® Integrated Risk Manager(“ STREAM® ”), which is used by private and public sector clients to manage their cyber security and other enterprise risks. 

Contract wins

The first contract win is with a North American bank which is adopting STREAM® to improve its enterprise risk management. This solution has the potential to be replicated by many other banks and financial institutions. 

The second contract is with a leading provider of public cloud and cybersecurity solutions and services, headquartered in Europe with operations in Europe, North and South America which is adopting STREAM® for cyber security and IT risk management.

The aggregate initial order value for these two contracts is c.£300,000 over three years, equivalent to £100,000 per annum.

New partners

Acuity believes there is an opportunity to accelerate its growth, particularly in the North American market which represents 45% of global demand. To achieve growth in this market an experienced channel manager was recruited by the Company in August 2022. In addition, two new partners have recently been appointed in North America and revised sales targets have been agreed with other existing partners. Both new partners are large corporate entities who specialise in cyber security risks for financial, defence, healthcare and general market sectors. 

Angus Forrest, Chief Executive of Drumz plc, said: “These contract and partners wins are evidence that the strategic changes to the distribution channels and new management appointments which have been made are working and setting Acuity up for faster and transformational growth over the short to medium term.”

Simon Marvell, CEO of Acuity said: “The Acuity business has been making great progress with the investment and support from Drumz and since the recruitment of Kerry Chambers as Commercial Director in April 2021. These two new exciting customer wins are testament to performance improvements across all sales and marketing operations which are now starting to bear fruit.”

For further information please contact:
Drumz Plc	www.drumzplc.com
Angus Forrest	+44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker)	www.whirelandcb.com
Mike Coe / Sarah Mather	+44 (0) 20 7220 1666
Peterhouse Capital Limited (Joint broker)
Lucy Williams / Duncan Vasey	+44 (0) 20 7469 0936

Note to Editors

Drumz plc

Drumz plc (AIM): DRUM) is an investing company focused on investing in and acquiring established software businesses that own good technology, have quality customers and which could better exploit their assets and accelerate their growth with the injection of experienced management and new funds. 

Drumz will, where necessary, make available some of its experienced management team and provide finance to facilitate the necessary changes, so that the value of the businesses in which Drumz invests will be transformed over a two to four year period. In due course, the new Directors expect to dispose of such businesses, in whole or in part, in order to realise value for Drumz and its shareholders. 

Acuity Risk Management

Acuity is an established provider of risk management services. Acuity’s award-winning STREAM® is a GRC software platform, which collects data about organisations to improve business decisions and management. It is used by around 70 organisations in markets including government, utilities, defence, broadcasting, manufacturing and healthcare. Most customers use it for managing cybersecurity and IT risks and for compliance with ISO 27001 and other standards and regulations. STREAM® is sold on a SaaS or private cloud delivery (on-premise) basis, typically with a three year licence, invoiced annually in advance. Sales are made directly through the Company’s own sales team and via a growing network of partners in the UK and the US.

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RNS Number : 5016P

Access Intelligence PLC

10 February 2023

 

 

 

Access Intelligence plc

("Access Intelligence" or the "Company")

Contract wins

 

Access Intelligence (AIM: ACC), the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, is pleased to announce a number of contract wins across the globe in the last two months.

 

In North America, a significant contract worth £0.5m per annum has been won with a customer seeking to use the Company's technology to obtain greater insights into its local and global communications strategy. Other important wins in North America in the last two months include Basis Technologies and a partnership with Reddit to deliver strategic research to be presented at Cannes 2023 Festival of Creativity.

 

In EMEA, recent contract wins with new customers include the Delegation of the European Union to the United Kingdom, Iris Worldwide, Matalan, Mayborn Group, Punch Taverns and the Office of the Children's Commissioner.

 

In APAC, the Company has won contracts with CBRE, the Department of Fire and Emergency Services, Tesla and Uluru Dialogues. Uluru Dialogues is a body that represents a movement to gain greater constitutional recognition for indigenous Australians ahead of a referendum on the topic during 2023. The Board are delighted to support such an important endeavour.

 

Joanna Arnold, Chief Executive of Access Intelligence, said:

"Our market leading products and award winning insights offering provide a global opportunity and we are therefore delighted with the contracts won over the last two months across each of our geographic regions."

 

For further information:

Access Intelligence plc  020 3426 4024

Joanna Arnold (CEO) / Mark Fautley (CFO)

   

finnCap Limited (Nominated Adviser and Broker)                                                                                020 7220 0500

Corporate Finance:

Marc Milmo / Fergus Sullivan   

Corporate Broking:

Alice Lane / Sunila de Silva

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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RNS Number : 0782P

Deepverge PLC

06 February 2023

 

6 February 2023

 

DeepVerge PLC

 

("DeepVerge" or "the Company" or "the Group")

 

Significant contract win and Board change

 

DeepVerge (AIM: DVRG), the environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins, announces a significant contract win, change to the board and to the role undertaken by an existing director.

Significant contract win

Glanaco, a subsidiary of DeepVerge acquired in March 2022, has secured a €10m (circa £9.3m) order from an existing customer in Central Asia for the design, assembly and supply of multi-function mobile equipment for use by municipalities for applications including cleaning, decontaminating, de-icing, and salting streets and public areas, with relevant data generated by the bespoke software designed by the Company's subsidiary Rinocloud.

 

The order comprises a design licensed to the customer, the initial c£3.2m revenues for which were included in the £17.2m (unaudited) total for 2022 announced on 9 January 2023, and production of 100 units which are contracted to be delivered in 2023, starting in March 2023, with revenues of c£6.1m. The order for 100 units will be managed by Glanaco's plant in Cork, Ireland where all assembly and testing will be undertaken.

 

Board and Management changes

Fionan Murray has stepped down from the board with immediate effect to concentrate during his notice period on maximising the value of Skin Trust Club and Labskin Division, in line with the announcement on 20 July 2022 that the Company is exploring a range of options to meet the unprecedented demand for Labskin services and the accelerating growth of Skin Trust Club.

Dr Nigel Burton, interim CEO DeepVerge plc, commented:

"I'm pleased to be able to announce this contract, which is a significant contribution to the 2023 order book and revenues.

 

I'd like to thank Fin for his significant contribution to the development of the Company since the acquisition of Rinocloud in 2019. We wish him well in his future endeavours."

 

DeepVerge plc	Nigel Burton, Interim CEO	+44 (0) 7785 234447
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin	+44 (0) 113 370 8974
Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker/James Pope	+44 (0) 20 3657 0050

 

Market Abuse Regulation (MAR) Disclosure

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

About DeepVerge plc (www.deepverge.com)

DeepVerge is an environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins; Utilising artificial intelligent data analytics to scientifically prove the impact of skincare product claims on skin.

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RNS Number : 6389O

Smarttech247 Group PLC

02 February 2023

 

2 February 2023

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Contract win update

 

Smarttech247, a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to provide an update on contract wins during the last quarter.

 

The Company, which was admitted to trading on AIM in December 2022, has secured a number of new multi-year contracts utilising its automated Managed Detection and Response Platform, VisionX.  These include a three-year agreement with a large US tech company headquartered in Massachusetts and a two-year agreement with a prestigious university in Ireland worth c.$400,000 and c.$450,000 respectively over the lives of the contracts. The contract wins build on the three-year $800,000 contract with a Fortune 150 leading automotive retailer in the USA with annual revenues of over $20 billion which the Company won in October 2022.

Raluca Saceanu, Chief Executive Officer of Smarttech247, commented :

"We are delighted to have been awarded a number of multi-year contracts with prestigious organisations. It demonstrates Smarttech247's ability, not just in the UK and Ireland, but overseas, to deliver cybersecurity solutions to a growing list of global blue-chip clients. It also demonstrates the rapid adoption of our new platform, VisionX.

"Cyber threats are increasing in number and complexity every year. To protect brand reputation, customers' private and payment information, as well as sensitive IP, organisations are taking a focused cyber management approach to reduce their risk.

"We look forward to working in partnership to provide improved security solutions to all our customers and will update the market on future progress in due course."

– Ends –

For further information please contact:

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Adviser	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR   Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

About Smarttech247

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response.

 

The Company's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to AIM on 15 December 2022.

 

For further information please visit www.smarttech247.com

 

 

 

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RNS Number : 4682O

Crimson Tide PLC

01 February 2023

 

 Crimson Tide Plc

Inaugural Contract Win in the United States

 

Crimson Tide Plc (TIDE) ("Crimson Tide" or "The Company"), the provider of the mpro5 solution, is pleased to announce the signature of its inaugural subscription contract in the United States. The three-year contract is worth over £0.25m and will see mpro5 implemented as the Smart App Solution in a building-wide IoT project in our clients' offices in San Francisco.

mpro5 will be used to initiate smart actions from sensor readings in this office, which is envisaged to be the first in a wider implementation of mpro5 in the US and other locations. The client is a supplier of network solutions globally, and this installation will enable its representatives to demonstrate mpro5 to its own existing and projected clients.

Chairman Barrie Whipp commented, "This contract win is a landmark in its own right, validating our strategy to expand into the United States. The opportunity that it creates, however, is of much greater significance. Our client operates globally, and the use of mpro5 in its San Francisco office offers us the chance to demonstrate mpro5 in action for one of the world's largest providers of IT networking.

"The contract win verifies our strategy to standardize mpro5 and productize it for sale and use with third-party hardware and software. We hope that mpro5 will become an integral part of our client's IoT strategy, allowing its partners to add mpro5 as an option in their sales process."

 

Enquiries:

Crimson Tide plc   +44 1892 542444

Barrie Whipp / Jacqueline Daniell

finnCap Ltd (Nominated Adviser and Broker)                               +44 20 7220 0500

Julian Blunt / Milesh Hindocha, Corporate Finance

Andrew Burdis, Corporate Broking

Alma PR (Financial PR)  +44 7780 901979

Josh Royston

 

For further information on Crimson Tide plc, see crimsontide.co.uk and mpro5.com

 

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