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RNS Number : 4702N

Kinovo PLC

23 January 2023

 

23 January 2023

Kinovo plc

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

 

London Borough of Waltham Forest Contract Win

 

Kinovo Plc (AIM: KINO), the specialist property services Group that delivers compliance and sustainability solutions, is pleased to announce that it has been awarded a contract worth £4 million over 2 years by the London Borough of Waltham Forest.

 

The contract, which comprises of electrical, commercial mechanical works and associated builders works, contains possible extensions of two further one-year terms. The contract includes works under each of the Group's three key strategic pillars: Regulation, Regeneration and Renewables.

 

Following the Company's strategic repositioning and rebranding in 2021 and subsequent streamlining of operations to the above three key focus areas, cross-selling its services across contracts has been integral to the Company's recent improvement in financial performance. As announced on 28 November 2022, Kinovo reported a 25% increase in revenue for H1 FY22, with three-year visible revenues of £146 million, which this contract win adds to.

 

David Bullen, Chief Executive Officer of Kinovo plc, commented:

 

"We are delighted to have secured this contract and the opportunity to work with our existing customer, the London Borough of Waltham Forest again. As well as its considerable inherent value, at £4 million over 2 years, the ability to utilise all our key focus areas under this contract reinforces our strategy of cross-selling services across the Group.

 

This award validates the consistent quality of our services and the team's operational excellence."

 

 

Enquiries

 

Kinovo plc
Sangita Shah, Chairman David Bullen, Chief Executive Officer	+44 (0)20 7796 4133 (via Hudson Sandler)
Canaccord Genuity Limited  (Nominated Adviser and Sole Broker)	+44 (0)20 7523 8000
Adam James Andrew Potts Harry Rees
Hudson Sandler  (Financial PR)	+44 (0)20 7796 4133
Dan de Belder Harry Griffiths

 

 

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RNS Number : 8895M

Kanabo Group PLC

17 January 2023

 

Kanabo Group Plc.

("Kanabo" or the "Company")

 

Launch of two new medical cannabis products

& testing of the new IT Cannabis Platform

 

 

Kanabo Group, is pleased to announce the launch of two new medical cannabis extract formulas for inhalation, designed specifically to fill a gap in the market for premium products for patients with severe pain. The new formulas, available in versions suitable for day and evening use, will be branded as a Kanabo-Noidecs partnership with LYPHE Group and used with the VapePod, containing high levels of THC, low CBD, and cannabis naturally derived terpenes. The launch will broaden Kanabo's vape offering to the market and is an additional step for the company to build a robust product offering to all eligible patients in the UK. These new formulas will be available from next week to eligible patients via Dispensary Green pharmacy.

Further to the above, Kanabo Group is committed to increasing patient access to prescribed medical cannabis in the UK by developing a new platform using its recently acquired UK subsidiary, The GP Service Ltd. The company is pleased to announce that all the regulatory approvals have been obtained, and the testing stage of the platform has begun. Additional updates will be provided in due course.

Dr Mehran Afshar, Clinical Director of Kanabo Group:

"We are committed to improving patient access to prescribed medical cannabis through innovative technology and telemedicine services. Our new medical cannabis extract formulas for inhalation offer patients suffering from severe pain a premium option for managing their symptoms without the negative side effects of traditional cannabis flowers."

 

 

For further information, please visit http://www.kanabogroup.com/ :

 

Kanabo Group Plc
Avihu Tamir, CEO
Peterhouse Capital Ltd (Financial Adviser)	Tel: +44 (0)20 7469 0930
Eran Zucker
Peterhouse Capital Ltd (Corporate Broker)
Lucy Williams / Charles Goodfellow

 

About Kanabo Group Plc

Kanabo Group Plc is a leading developer and distributor of cannabis-derived products and inhalation technologies for medical patients and wellness consumers. The company is the first medicinal cannabis company to IPO on the London Stock Exchange and is made up of supply-chain specialist subsidiaries, including:

 

●   The GP Service – a Kanabo Group Plc wholly owned, NHS-approved online telehealth provider offering video consultations, online prescriptions, treatment forms and access to primary care services.

●   Kanabo Research Ltd – a wholly owned subsidiary responsible for Medical Device Development, Medical Cannabis formulation R&D, regulation and quality assurance procedures.

●   Kanabo Agritec Ltd – a partly owned subsidiary, Cannabis Grow Consultancy firm that provides a comprehensive technology solution for controlled farming, including state-of-the-art irrigation and fertigation automation, facility planning and support services. This will provide high-quality raw materials for Kanabo's formulas and product line.

 

 

 

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RNS Number : 6101J

Northcoders Group PLC

14 December 2022

 

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.

14 December 2022

 

Northcoders Group plc

('Northcoders' or the 'Company')

 

Rolls Royce contract win

 

Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Company's Business Solutions division has been awarded a significant new contract with R² Factory, part of Rolls Royce Group to run a developer incubator programme with a contract value of £0.45 million.  This new contract follows on from a similar programme that Northcoders ran successfully for R² Factory last year which has just finished.

 

During the last twelve months, Northcoders has secured multiple new contracts in its Business Solutions division, with KPMG and EMaC Ltd, among others.

 

Chris Hill, CEO of Northcoders Group plc, said: "We are really pleased that R² Factory and Rolls Royce have renewed their contract with our Business Solutions division for another year and this type of recurring business is testament to the high quality service that we provide for our clients. The developer incubator programme that we are running for them is the same as last year but with a different team made up of four junior and one senior developers.

 

"The continued success of our Developer Incubator programme within the Business Solutions division is key to the sustained growth of the business as we move into developing our new technical areas and continue in our mission to provide the UK with the technologists it needs while creating life-changing opportunities for individuals from all walks of life."

 

– Ends –

 

For further enquiries:

Northcoders Group plc	Via Buchanan
Chris Hill, CEO	Tel: +44 (0) 20 7466 5000
Charlotte Prior, CFO	www.northcodersgroup.com
WH Ireland Limited (Nominated Adviser & Joint Bookrunner)	Tel: +44 (0)20 7220 1666
Mike Coe / Sarah Mather (Corporate Finance)
Fraser Marshall (Corporate Broking)
Peterhouse Capital Limited (Joint Bookrunner)	Tel+44 (0) 20 7496 0930
Lucy Williams	www.peterhousecap.com
Duncan Vasey
Buchanan Communications	Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham	[email protected]
Jamie Hooper
George Cleary

 

Notes to Editors

Northcoders is a market leading provider of coding and software development training for businesses and individuals.  Founded in 2015, its business model operates a hybrid structure with a flagship site in Manchester and other sites in Leeds, Birmingham and Newcastle supported by a proven digital offering to support its students across the UK.

 

Powered by IP rich technology, Northcoders' coding school offers boot camp courses to individuals from a range of backgrounds, delivered through virtual and physical learning.  The Group also works with blue chip corporates across multiple sectors to supply innovative EdTech solutions for the upskilling and reskilling of employees, and is also a registered provider of government-backed apprenticeships in the field.

 

With a keen focus of inclusivity, diversity and quality at its core, Northcoders aims to address the digital skills gap in the UK to meet the increasing demand for digital specialists from businesses and public agencies. It operates in a significant and growing market with structural growth trends further accelerated by Covid-19.

 

Northcoders was admitted to trading on AIM in July 2021 with the ticker CODE.L.  For additional information please visit www.northcodersgroup.com .

 

 

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

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RNS Number : 6808G

Crimson Tide PLC

17 November 2022

 

This announcement contains Inside Information

 

17 Nov 2022

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Significant contract expansion and extension

 

 

Crimson Tide plc (TIDE), the provider of the mpro5 smart app solution, is pleased to announce a significant new and highly improved 3-year contract with an existing retail client. The contract, with a value of over £1m of high-margin revenue per annum, more than doubles the annual recurring revenue under the previous contract. The contract includes an optional break clause at month twenty-four, although it is important to note that, at the end of the new contractual term, the client's relationship and contracts with Crimson Tide will have exceeded ten years.

 

mpro5's value to the client has evolved from one single use case of the platform to over thirty processes across the organisation. mpro5 guides and records store-wide procedures and provides evidence for policies that support a wide range of compliance requirements. mpro5 is a full-service solution that also contributes to the client's staff and working practice efficiency and is used daily across its national estate.

 

Barrie Whipp, Chairman, commented: "If ever there was an exemplar of how mpro5 can demonstrate its value, this well-known retailer is a beacon. The expansion of use cases for our platform and associated long-term contracted revenue go hand in hand. At the same time, our values of partnership, dynamism and teamwork have established mutual trust with the client. Our exceptional team continues to seek further efficiencies by evolving mpro5 to provide innovative solutions to both existing and anticipated requirements.

 

"We continue to add high quality, contracted annual recurring revenue as we increasingly expand our footprint by sector and internationally. The enterprise solutions we deliver drive efficiency, which is vital in today's economy. Accordingly, the Board believes them to be compelling and ripe for further growth."

 

 

For further information, please contact:

 

Crimson Tide plc	Via Alma PR
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 : 2119G

Solid State PLC

14 November 2022

 

 

Reach – non regulatory announcement

 

Solid State plc

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

£7.3m Defence Contract with NATO

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that it has been awarded a £7.3m contract by the NATO Support and Procurement Agency (NSPA) to supply communications equipment to a defence customer through its Systems division.  Delivery is expected within the current financial year, which will contribute towards achieving current market expectations.

 

Commenting on the contract, Matthew Richards, MD of the Systems division, said:

"In our AGM statement we referenced the strength of the defence sector, so it is pleasing to be announcing this award with such a significant client.  The Group has a good reputation in the delivery of high reliability technology for ruggedised applications so this customer requirement fitted very well."

 

For further information please contact:

 

Solid State plc Gary Marsh – Chief Executive Peter James – Group Finance Director	Via Walbrook
Walbrook PR (Financial PR)  Tom Cooper / Nick Rome	020 7933 8780 0797 122 1972 [email protected]

 

 

Analyst Research Reports: For further analyst information and research see the Solid State plc website: https://solidstateplc.com/research/

 

Notes to Editors:

Solid State plc (SOLI) is a value added electronics group supplying commercial, industrial and defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments.  The Group's mantra is – 'Trusted technology for demanding environments'.  To see an introductory video on the Group –  https://bit.ly/3kzddx7  

 

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solid State Supplies, Pacer, Willow Technologies & AEC); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

 

Headquartered in Redditch, UK, Solid State employs approximately 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy. 

 

Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition – having made 4 acquisitions in the last 5 years.

 

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.

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 : 5924F

Touchstar PLC

08 November 2022

 

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.

 

8 November 2022

 

Touchstar plc

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

Contract Award

 

Touchstar plc (AIM:TST), suppliers of mobile data computing solutions and managed services to a variety of industrial sectors, is pleased to announce that  it has won a substantial order from a Petrochemical Distribution client (Touchstar's largest market) to upgrade them to Touchstar's latest cloud-based solution. The contract award is worth in excess of £1.5m in the first twelve months with subsequent years benefitting from recurring revenues under a multiyear licencing and support agreement.

 

Following this award, the Company's order book stands at £2.3 million a significant increase on the £1 million reported in the Company's interim results released on the 15 September 2022.

 

This contract award and order book level reinforces our expectations for FY2022 and FY2023 and that the uptick in activity we have seen in the Petrochemical Distribution sector will continue and develop into further order intake.

 

 

For further information, please contact:

 

Touchstar plc Ian Martin Mark Hardy	www.touchstarplc.com 0161 874 5050 0161 874 5050
WH Ireland – Nominated Adviser & Broker Corporate Finance – Mike Coe/Sarah Mather	www.whirelandcb.com 020 7220 1666

 

Information on Touchstar plc can be seen at: www.touchstarplc.com

 

 

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

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RNS Number : 5993F

Light Science Tech. Holdings PLC

08 November 2022

 

Light Science Technologies Holdings plc

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

 

Additional sensorGROW trials and nurturGROW update

 

· Additional trials secured for sensorGROW with potential roll-on subscriptions worth up to £167,000, over a three-year period

· PCT patent filed with Intellectual Property Office for nurturGROW tuneable luminaire

 

sensorGROW trials

Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, is pleased to announce that it has signed two further trial contracts for its recently launched sensorGROW product.

 

If successful, the trial contracts, which include one with a leading UK manufacturer of preserves, marmalades and associated products , could roll into subscriptions and be worth up to £167,000 in recurring revenues over a three year period. These trials are in addition to the ones announced on 22 September 2022, which are potentially worth up to £940,000.

 

The Group remains in talks with a variety of other growers regarding sensorGROW trials.

 

PCT Patent filed with Intellectual Property Office for nurturGROW tuneable luminaire

The CEA division has filed a PCT patent with the Intellectual Property Office for its nurturGROW 'tuneable' luminaire, featuring its pioneering LED grow lighting technology.

 

This allows any CEA grower the means to adjust both the lighting output to optimise energy costs and also adjust and precisely tune the light emission spectrums to suit a crop's growth cycle which in turn allows the grower to choose the light recipe for a variety of crops. This level of control is achievable at the touch of a button through nine independently controlled circuits within its patented modular luminaire.

 

Ideal for vertical farms and other multi-layer growth applications, the luminaire's slimline design is specifically suited for use in a closed, climate controlled growing facility and can maximise space, thanks to its lower profile and bespoke length. 

 

Simon Deacon, CEO and founder of Light Science Technologies, said : " The Company remains focused on growing recurring revenues by providing technology, data collection, advisory and maintenance services for clients. We have a strong and growing product range that is aimed at broadening routes to market and strengthening cross-selling opportunities. We very much look forward to providing further updates in due course as we build on recent momentum."

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

 

For further information, please contact:

 

Light Science Technologies Holdings plc	www.lightsciencetechnologiesholdings.com
Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer	via Walbrook PR
Strand Hanson Limited (Nominated & Financial Adviser)	Tel: +44 (0) 20 7409 3494
Ritchie Balmer / James Harris / Rob Patrick
Turner Pope Investments (TPI) Ltd (Broker)	Tel: +44 (0) 20 3657 0050
James Pope / Andy Thacker
Walbrook PR Ltd (Media & Investor Relations)	Tel: +44 (0)20 7933 8780 or  [email protected]
Nick Rome / Paul McManus

About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)

Light Science Technologies Holdings plc is the holding company of the Group's controlled environment agriculture ("CEA") division, Light Science Technologies Ltd ("Light Science Technologies"), and its contract electronics manufacturing ("CEM") division, UK Circuits and Electronics Solutions Limited ("UK Circuits").

 

Controlled Environment Agriculture

Light Science Technologies was founded in 2019 and is the Company's grow lights and sensor technology business, providing bespoke recipes and technologies tailored to customers' needs – with key targets including indoor, vertical, glasshouses, polytunnels and medicinal farming markets. The all-in-one CEA solution will include analysing customers' crop growing requirements to provide bespoke, low-energy and sustainable equipment.

 

Market drivers include food and water shortages in many parts of the world; growing global population; UK and other government policy encouraging sustainable and efficient growth methods; increased scrutiny of the effect of food production on climate change and the continuing transition away from processed foods. 

 

sensorGROW

sensorGROW was launched in June 2022 and its technology will enable farmers to monitor the following key air zone growing factors in real-time: carbon dioxide levels, humidity, light, oxygen – and in the future: air speed, plant disease, soil, temperature and water pH levels. By monitoring these key growing factors, farmers can save money through better management of resources: water, nutrients, fertilisers and energy – while increasing yields and producing healthier crops.

 

nurturGROW

nurturGROW is a sustainable grow lighting product range, offering an innovative, high-performance and cost-effective solution for indoor farming, covering greenhouses, vertical farming, polytunnels and medicinal plants.

 

Created with four core component parts, the nurturGROW range is made of high quality, durable materials to give growers the ideal balance between strength and optimal performance, minimising the amount of materials needed to drastically cut down on waste and reduce carbon footprint.

 

 

 

Contract Electronics Manufacturing

UK Circuits is the Company's CEM focussed division, profit making with strong revenues. The Group designs, procures, and manufactures high-quality CEM products, specialising in Printed Circuit Boards, which are used in a range of sectors including audio, automotive, electronics, gas detection, lighting, pest control, telecommunications and, more recently, the CEA market.

 

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 : 1393F

4GLOBAL PLC

03 November 2022

 

3 November 2022

4GLOBAL PLC

("4GLOBAL" or the "Company")

Sports Event Contract Win

4GLOBAL, a UK-based data, services and software company focused on sport and the promotion and measurement of physical activity, is pleased to announce a successful contract win to provide operational support in the lead up to, and for the duration of, a major sporting event taking place this year.

4GLOBAL has been retained to provide operational assistance to ensure the host nation is prepared for the upcoming major football sporting event scheduled to take place in late-November and conclude in mid-December. The contract value is approximately £200k.

This project has enabled 4GLOBAL to further strengthen its strategic partnership in the region with Al Jassra Group – an international conglomerate with revenues exceeding £1bn globally – which is a long-term partnership in this marketplace that has generated potential multi-million pound active tendering opportunities for 4GLOBAL. 

Eloy Mazon, 4GLOBAL's CEO, commented:

"We are pleased to be further expanding our service offering and assisting with the upcoming event in a collaborative process as we work to ensure the host nation's readiness prior to and during the upcoming tournament .

"This project has given us an opportunity to continue our expansion in the middle eastern market through strategic partnerships which is key to our growth in the region. We are delighted to continue strengthening our partnership with Al Jassra which is major player in the region and internationally.

"The international demand for our products and to partner with 4GLOBAL in projects is allowing us to accelerate our expansion into other international markets which is a key pillar of our growth strategy"

 

For further information please contact:

4GLOBAL   Eloy Mazon (CEO)	c/o IFC Advisory
Spark Advisory Partners – Nominated Adviser   Neil Baldwin	0203 368 3554
Oberon Capital – Broker   Michael Seabrook, Adam Pollock, Chris Crawford	0203 179 5300
IFC Advisory   Graham Herring / Zach Cohen	0203 934 6630 07793 839 024

 

About Reach announcements

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

 

This information is provided by 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.

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 : 4107E

Plant Health Care PLC

28 October 2022

 

RNS

28 October 2022

 

PLANT HEALTH CARE plc

("Plant Health Care" or the "Company")

 

Distribution agreement for commercial sales in Europe 

 

EDAF Selected as Distributor in Portugal

 

Plant Health Care®(AIM: PHC.L), a leading provider of novel patent-protected biological products to global agriculture markets, has signed an agreement for EDAF Unipessoal LDA ("EDAF") to become the exclusive distributor in Portugal for its proprietary PREtec-containing fertilizer, PREzym™, for use in fruit, vegetable and cereals crop production.

 

The Company expects to commence commercial sales of PREzym in the first half of 2023. Plant Health Care and EDAF have been working together since 2016 when EDAF became the exclusive distributor in Portugal of the Company's proprietary ProAct® plant health product. Today's announcement further strengthens the partnership and will help Plant Health Care fulfill its ambitious plans to grow its global footprint/market share across Europe.

 

Derived from natural proteins, PREtec is an environmentally friendly technology which stimulates crop growth and ability to withstand a variety of abiotic stresses to improve plant health and yield. PREtec is compatible with mainstream agricultural practices.

 

Plant Health Care continues to expand into new markets around the world and is growing its relationships with major global distribution partners. The Company is on track to achieve revenue of $30 million by 2025 through the launch of new products and continued organic business growth through current and future distributor relationships.

 

This announcement marks the first sales of PREtec-based products into Europe and supports farmers seeking to use more sustainable practices.  Europe is fast becoming one of the largest markets for sustainable biological products and PREtec-containing products will help produce higher crop yields locally to address the global food supply crisis.

 

Jeff Tweedy, CEO of Plant Health Care,  said: ‟Today's announcement marks a significant milestone for Plant Health Care and our ambitious plans to grow our global footprint/market share. I am excited for our first sales of the PREtec technology in Europe which has the potential to grow considerably and transform the European farming industry towards a sustainable future with better crops delivering a higher yield for thousands of farmers.  EDAF has proven to be a strong partner over the years, supporting the growth of PHC's products in Portugal.

 

Pedro Tavares, CEO of EDAF Unipessoal Lda,  said:"Plant Health Care is a reliable partner, with cutting-edge technology and always looking for sustainable solutions for an increasingly demanding market, which allows for differentiated and technologically advanced products. This agreement aligns with our strategy to supply an innovative and high-quality portfolio to our customers and is responsive to the increasing demand for sustainable solutions. EDAF, LDA and its technical team would like to thank Plant Health Care for all the trust placed in it to develop and commercialize PREtec in Portugal"

 

For further information, please contact:
 

Plant Health Care plc Jeff Tweedy, CEO	+1 919 926 1600
Cenkos Securities plc – Nomad & Broker Neil McDonald / Pete Lynch	+44 (0) 131 220 9771
SEC Newgate (Financial Communications) Robin Tozer / Richard Bicknell / George Esmond	+44 (0)7540 10666 [email protected]

 

 

 

About Plant Health Care

Plant Health Care offers products to improve the health, vigour and yield of major field crops such as corn, soybeans, potatoes and rice, as well as specialty crops such as fruits and vegetables. We operate globally through subsidiaries, distributors and supply agreements with major industry partners. Our innovative, patent-protected biological products help growers to protect their crops from stress and diseases, and to produce higher quality fruit and vegetables, with a favourable environmental profile.

 

 

About EDAF Unipessoal LDA

EDAF focuses on representing and developing innovative/non residue high quality products for the portuguese agricultural markets. By providing qualified technical assistance, EDAF offers innovative solutions to growers all year around.

 

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RNS Number : 7747D

Proton Motor Power Systems PLC

24 October 2022

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information, as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

 

24 October 2022

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

New production facility to significantly expand manufacturing capability

 

Proton Motor Power Systems plc (AIM: PPS), a leading designer, developer and producer of fuel cells and fuel cell electric hybrid engines with a zero-carbon footprint, announces that it has signed a fifteen-year lease agreement for a modern 13,500m2 facility (the "Facility") that will be used to substantially expand the Company's manufacturing, testing and development capacity.

 

Proton Motor has been developing its fuel cell technology since 1998 to be probably one of the leading fuel cells in industrial, long-lifetime markets. There is an increased political awareness that hydrogen and fuel cells will play a fundamental role to overcome the climate energy crisis and this is expected to lead to an increased demand for fuel cells. In anticipation of this increased demand for the Company's products, Proton Motor intends to increase its annual production capacity to 5,000 fuel cell hydrogen engines and up to 30,000 fuel cell stacks.

 

The Facility will supplement the Company's current 6,000m2 site in Puchheim, Germany, which will now become the development facility for stacks and hydrogen engines. The new Facility is located in the town of Fürstenfeldbruck, located c. 12km from Puchheim and is contained within the Munich metropolitan region. The Facility will be used for serial manufacturing and will also be the location of the Company's sales and marketing teams, as well as the maintenance and training centre.

 

The total land surface of the Facility is 25,700m2 and it contains over 13,500m2 of useable space, of which over 10,500m2 can be dedicated to production, testing and development. The remainder of the space will be devoted to office usage. This represents a seven-fold increase in the amount of space available for production when compared to the Company´s current premises.

 

Concurrently with the enhancement of production capacity, the Directors of Proton Power have determined that the Company will be enlarging the sales department in order to meet the anticipated increase in demand.

 

Dr. Faiz Nahab, Chief Executive Officer of Proton Motor, stated: "Hydrogen is the energy storage source of the future and awareness of this is increasing to a considerable extent both amongst the public and within industry. This creates a strong market-pull for associated technologies such as fuel cells. This is evidenced by discussions with existing customers for midterm batch orders. With this background, the additional space provided by the new Facility will give Proton Motor the required capacity to produce, test and deliver fuel cell hydrogen engines in line with this anticipated growing demand."

 

 

 

For further information:

 

Proton Motor Power Systems Plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Roman Kotlarzewski, CFO	+49 (0) 173 189 0923
Antonio Bossi, Non-Executive Director
Investor relations:	www.protonpowersystems.com
inv[email protected]
Allenby Capital Limited
Nominated Adviser & Broker	+44 (0) 20 3328 5656
James Reeve / Vivek Bhardwaj

 

About Proton Motor Fuel Cell GmbH

 

Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid hydrogen engines with a zero carbon footprint.  Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid hydrogen engines  from a single source – from the development and production through the implementation of customized solutions.  The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications.  The product portfolio consists of base-fuel cell hydrogen engines, standard complete hydrogen engines, as well as customized hydrogen engines .

 

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand.

 

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

 

 

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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