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Looking to discover a little more about our client companies?
A selection of news and recent announcements can be found here.
S-Ventures PLC : Market Rocket launches new full service offer
RNS Number : 5550C S-Ventures PLC 12 October 2022 12 October 2022 S-VENTURES PLC ("S-Ventures" or the "Company") AQSE Ticker Code: SVEN Market Rocket launches new full service offer S-Ventures PLC, the Company investing in and growing exciting brands across the natural, wellness and food-tech category, is pleased……
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RNS Number : 5550C
S-Ventures PLC
12 October 2022
12 October 2022
S-VENTURES PLC
("S-Ventures" or the "Company")
AQSE Ticker Code: SVEN
Market Rocket launches new full service offer
S-Ventures PLC, the Company investing in and growing exciting brands across the natural, wellness and food-tech category, is pleased to announce Market Rocket, the Amazon growth specialists owned by S-Ventures, has launched its new full service digital marketing and PR offer following the recent acquisition of two digital marketing agencies.
Since 2019, Market Rocket, has delivered transformative D2C business growth to more than 100 global industry leaders (including brands such as Calvin Klein, Tommy Hilfiger and JCB) across the Amazon ecosystem, earning the platform's SPN (Service Provider Network) accreditation, but will now offer clients a complete digital marketing and PR service.
Combining more than 50 years of experience in driving sales growth via Amazon, Market Rocket has now acquired strategic digital marketing specialists Mapped Marketing and award winning PPC and SEO agency Bugbear Marketing.
The deal, announced this month, positions Market Rocket as the ideal launch pad for big brands, founder-owned market-disruptors and start-ups alike to achieve business growth through specialist website development, SEO performance, on-trend social media engagement, digital marketing and PR, to add to its broad D2C and ecommerce expertise.
Market Rocket Founder and Managing Director, Matthew Peak, commented: "We firmly believe that amalgamating Market Rocket's proven ability to deliver ROI on Amazon with the specialist SEO, PPC, website design, and PR skills provided by the other agencies mean that these acquisitions will help us to create a truly unique offering to some of the world's largest brands and newest market-disruptors."
S-Ventures CEO, Scott Livingston, commented: "We are delighted with the progress Market Rocket has made with the latest acquisitions of two digital marketing agencies and subsequent new full service digital marketing and PR offering. Our focus on quality across our product range underpins our success and we look forward to further progress in the coming months."
For further information, please contact:
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The Company Robert Hewitt (Chief Financial Officer) Scott Livingston (Chief Executive Officer) |
+44 (0) 1932 400 224 |
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AQSE Corporate Adviser and Broker: VSA Capital Limited Andrew Raca – Corporate Finance Andrew Monk – Corporate Broking |
+44 (0) 20 3005 5000 |
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IFC Advisory (Financial PR) Graham Herring Tim Metcalfe Florence Chandler |
+44 (0) 20 3934 6630 |
About S-Ventures
S-Ventures is listed on UK AQUIS Exchange (Ticker Code "SVEN"). The Company seeks to identify investment opportunities in the health & wellness, organic food and wellbeing sectors within the UK and Europe, adding value by providing capital and expertise to the target companies. The experience and operational skills of the Board led by Scott Livingston (CEO) are intended to act as an accelerator to smaller brands that have a solid foundation and platform but may lack the skills and capital. The main objectives are to cross-fertilise opportunities between the target companies and scale the individual entities and look for exit opportunities and/or synergistic collaborations through scaling we seek to create significant value for all stakeholders. Since listing on AQSE in September 2020, the Company has acquired significant interests in seven companies.
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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CloseAMTE Power PLC : AMTE Power agrees contract with UKBIC
RNS Number : 9412B AMTE Power PLC 06 October 2022 Thursday 6 October 2022 AMTE POWER PLC ("AMTE Power", "AMTE" or the "Company") AMTE Power agrees production contract with the UK Battery Industrialisation Centre for its Ultra High Power cells Highlights: · Milestone achievement: framework……
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RNS Number : 9412B
AMTE Power PLC
06 October 2022
Thursday 6 October 2022
AMTE POWER PLC
("AMTE Power", "AMTE" or the "Company")
AMTE Power agrees production contract with the UK Battery Industrialisation Centre for its Ultra High Power cells
Highlights:
· Milestone achievement: framework contract signed with the UK Battery Industrialisation Centre ("UKBIC") to produce up to 60,000 Ultra High Power cells per year for the high power automotive and fuel cell electric vehicle markets
· Ultra High Power automotive cell demonstrates a consistent six-minute full charge time in extensive trials
· The contract with UKBIC starts in January 2023 for anticipated sales to customers in sufficient scale to allow them to progress to in-vehicle trials
· Agreement is a key milestone to upscale production ahead of mass commercialisation plans as AMTE Power progresses towards its first MegaFactory in Dundee, Scotland, which is underpinned by the growing pipeline of potential business with opportunities of circa £240 million across the AMTE Power product range
AMTE Power moves to scale manufacturing at the UK Battery Industrialisation Centre
AMTE Power, the developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, announces that it has signed a contract to manufacture its Ultra High Power cells at UKBIC in Coventry to support the next phase of its commercialisation plans.
This is a significant milestone for AMTE Power. Under the agreement the Company can request UKBIC to manufacture up to 60,000 of its Ultra High Power cells each year, over an initial term of 24 months. This will enable AMTE Power to deliver its first Ultra High Power cells, in sufficient scale to allow customers to progress through to in-vehicle trials, as the industry transitions away from traditional fuels.
In August 2022, AMTE Power announced good progress in manufacturing trials for the Ultra High Power cell at UKBIC, with cells performing well against the Company's target specification when produced on UKBIC's commercial scale equipment. In particular, the Ultra High Power cells' low internal resistance supports exceptional power delivery and very fast charging, with current testing demonstrating a full charge in six minutes.
Ramping up production of the Ultra High Power cells at UKBIC is due to start from January 2023, generating initial revenues for the Company and enabling the business to meet growing demand from within the automotive sector principally for high performance Electric Vehicles ("EVs") and Fuel Cell Electric Vehicles ("FCEVs"). AMTE Power has existing non-binding memoranda of understanding in place with key automotive partners Cosworth, Viritech and MAHLE Powertrain, in addition to development agreements with Sprint Power, Eltrium and BMW.
The use of UKBIC to manufacture cells is a key milestone to upscale production ahead of mass commercialisation plans as AMTE Power progresses towards its first MegaFactory in Dundee, Scotland. This agreement will ensure products can be delivered to customers in advance of the opening of its planned MegaFactory, which is underpinned by the growing pipeline of potential business with opportunities of circa £240 million across the AMTE Power product range.
Commenting on the contract, Kevin Brundish, CEO, AMTE Power, said:
"Having already secured significant early interest in our Ultra High Power cell from major automotive partners, this contract will enable us to bring our products to market sooner while we progress our own MegaFactory.
"This new phase in our journey builds on the partnership that we've established with UKBIC through cell development. It is testament to the investment that the UK Government has made in this market-leading battery manufacturing and scale-up facility that we are now able to put that development work into practice with the first production contract at UKBIC to get cells into customers' hands as we power the energy transition."
Jeff Pratt, Managing Director, UK Battery Industrialisation Centre, added:
"We're delighted to be entering into this landmark agreement with AMTE Power to transfer their design into UKBIC and then manufacture their next generation Ultra High Power cells at volume, allowing us to further support the company's significant commercialisation plans. Advanced battery cells being manufactured at volume in the UK are a vital component of ensuring the UK prospers from the energy transition towards Net Zero. This latest agreement – our biggest to date – is further demonstration of the unique value of UKBIC which, since being opened just over a year ago, is already delivering incredibly successful outcomes for the UK with customers like AMTE."
Jackie Doyle-Price, Minister for Industry said:
"Batteries are the foundation of the industries of the future, from electric vehicles to renewables, and building a domestic supply chain for them is central to our plans to grow the economy, create jobs and bolster energy security.
"This collaboration between two government-backed partners will see AMTE's battery production ambitions take the next step, and help the UK seize on the opportunities this technology presents."
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.
ENDS
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Enquiries: |
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AMTE Power plc |
Tel: +44 (0)1847 867 200 |
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Kevin Brundish (Chief Executive Officer) |
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James Hobson (Chief Financial Officer)
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WH Ireland Limited (NOMAD and Joint Broker) |
Tel: +44 (0)207 220 1666 |
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Chris Fielding / James Bavister / Ben Good
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Panmure Gordon (UK) Limited (Joint Broker) |
Tel: +44 (0)207 886 2500 |
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John Prior / Harriette Johnson (Corporate Finance) James Sinclair-Ford Hugh Rich (Corporate Broking) |
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Camarco (Financial PR) |
Tel: +44 (0)20 3757 4992 |
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Ginny Pulbrook / Rosie Driscoll |
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Notes to Editors:
AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company was admitted to trading on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector.
AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. AMTE's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational and in production by Q3 2025 and will be capable of producing over 25,000 high added value batteries per day enabling the Company to rapidly scale up cell production.
For further information visit the Company's website: www.amtepower.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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CloseN4 Pharma PLC : Double siRNA Testing Update
RNS Number : 6141B N4 Pharma PLC 04 October 2022 4 October 2022 N4 Pharma Plc ("N4 Pharma" or the "Company") Double siRNA Testing Update N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing Nuvec®, a novel delivery system for cancer treatments and vaccines,……
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RNS Number : 6141B
N4 Pharma PLC
04 October 2022
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4 October 2022
N4 Pharma Plc
("N4 Pharma" or the "Company")
Double siRNA Testing Update
N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing Nuvec®, a novel delivery system for cancer treatments and vaccines, is pleased to announce successful in vitro testing of Nuvec® loaded with two small interfering RNA (siRNA) probes.
On 14 September 2022, the Company announced a strategic update highlighting its intention to focus its further development work on multiple loaded siRNA on Nuvec®.
T he Company has now completed initial in vitro testing of Nuvec® loaded with two generic siRNA probes, GFP (Green Fluorescent protein) and EHMT-2 (Euchromatic Histone Lysine Methyltransferase 2 ) at the same time. The siRNA probes were loaded onto Nuvec® in equal amounts, at a concentration previously shown to be active. Testing demonstrated that both siRNA probes when loaded onto Nuvec® were able to significantly silence their respective targets.
Nigel Theobald, Chief Executive Officer of the Company, commented :
"Showing that Nuvec® loaded with two generic siRNA probes still achieves significant silencing of their respective genes is validation for us to now begin the further work that we announced on 14 September with EGFR and BCl-2 in a PC9 lung cancer model.
"Achieving the initial successful testing of Nuvec ® with the generic GFP and EHMT-2 siRNA will also allow us to commence commercial outreach discussions which will only be further strengthened by the results from the new work we are undertaking ."
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.
Enquiries:
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N4 Pharma Plc Nigel Theobald, CEO Luke Cairns, Executive Director |
Via IFC Advisory |
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SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Matthew Johnson/Caroline Rowe (Corporate Finance) Vadim Alexandre/Rob Rees (Corporate Broking) |
Tel: + 44 (0)20 3470 0470 |
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IFC Advisory Limited Financial PR Graham Herring Zach Cohen |
Tel: +44 (0)20 3934 6630 |
About N4 Pharma
N4 Pharma is a specialist pharmaceutical company developing a novel delivery system for cancer and vaccine treatments using its unique silica nanoparticle delivery system called Nuvec®.
N4 Pharma's business model is to partner with companies developing novel antigens for cancer and vaccine treatments to use Nuvec® as the delivery vehicle to get their antigen into cells to express the protein needed for the required immunity. As these products progress through pre clinical and clinical programs, N4 Pharma will seek to receive up front payments, milestone payments and ultimately royalty payments once products reach the 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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CloseS-Ventures PLC : New contract wins
RNS Number : 6037B S-Ventures PLC 04 October 2022 4 October 2022 S-VENTURES PLC ("S-Ventures" or the "Company") AQSE Ticker Code: SVEN New contract wins S-Ventures PLC, the Company investing in and growing exciting brands across the natural, wellness and food-tech category, is pleased to announce new contract……
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RNS Number : 6037B
S-Ventures PLC
04 October 2022
4 October 2022
S-VENTURES PLC
("S-Ventures" or the "Company")
AQSE Ticker Code: SVEN
New contract wins
S-Ventures PLC, the Company investing in and growing exciting brands across the natural, wellness and food-tech category, is pleased to announce new contract wins from its Pulsin, Purely, Ohso and Livia's product ranges.
ASDA has recently partnered with S-Ventures and has given Pulsin branded space within their brand partnership programme to showcase the brand in six ASDA flagship stores.
This follows the launch of the Pulsin Keto range in the Health & Wellbeing fixture in 200 Morrison stores in Spring of this year.
In Holland & Barrett UK Stores, Pulsin has increased its store distribution on their protein powders range by over 2,000 distribution points, which goes live this month. They also launched the latest flavoured protein powder, the Vanilla & Faba protein powder in over 300 stores.
As well as supporting Pulsin, the food team at Holland & Barrett UK have also listed the Purely brand, listing the 28g impulse bags at front of store locations.
Further afield, Holland & Barrett Benelux have really supported S-Ventures, with the Pulsin Orange Keto Bars now listed within stores, as well as the 75g Purely sharing bags now available within the food section.
Co-op has been revamping its ranges in their Healthy Snacking fixtures and will see an increase in Pulsin distribution of their Keto range as well as launching a Pulsin brownie range.
In WH Smiths:
· Purely 75g recently went live in over 100 travel sites;
· Pulsin went live in February 2022 with the brownie range featuring within their "meal deal" solution; and
· OhSo went live in May featuring Ohso's "block" chocolate fixture.
Epicurum Wholesale has launched Pulsin, Purely & Livias which are now all live.
At Blakemore/The Vegan Store, it is in the process of going live across all S-Ventures brands.
Pulsin is now live within the two major retailers, S-Ok and more recently Kesko, in Finland.
Easyjet has selected Livia's Nugglets for its inflight menu for the Summer / Autumn 2022 period.
Valli Forecourts agreed to go live with Pulsin in their forecourts in the Summer 2022, offering a range of Keto Bars, Protein Bars and Brownies.
CEO, Scott Livingston, Statement:
"These significant contract wins with major brand names, demonstrate the rapid progress S-Ventures is making establishing itself in the UK and in Europe. Our focus on quality across our product range underpins our success and we look forward to further progress in the coming months."
For further information, please contact:
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The Company Robert Hewitt (Chief Financial Officer) Scott Livingston (Chief Executive Officer) |
+44 (0) 1932 400 224 |
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AQSE Corporate Adviser and Broker: VSA Capital Limited Andrew Raca – Corporate Finance Andrew Monk – Corporate Broking |
+44 (0) 20 3005 5000 |
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IFC Advisory (Financial PR) Graham Herring Tim Metcalfe Florence Chandler |
+44 (0) 20 3934 6630 |
About S-Ventures
S-Ventures is listed on UK AQUIS Exchange (Ticker Code "SVEN"). The Company seeks to identify investment opportunities in the health & wellness, organic food and wellbeing sectors within the UK and Europe, adding value by providing capital and expertise to the target companies. The experience and operational skills of the Board led by Scott Livingston (CEO) are intended to act as an accelerator to smaller brands that have a solid foundation and platform but may lack the skills and capital. The main objectives are to cross-fertilise opportunities between the target companies and scale the individual entities and look for exit opportunities and/or synergistic collaborations through scaling we seek to create significant value for all stakeholders. Since listing on AQSE in September 2020, the Company has acquired significant interests in seven companies.
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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CloseLight Science Tech. : Rentokil Contract Extension and sensorGROW trials
RNS Number : 0767B Light Science Tech. Holdings PLC 29 September 2022 Light Science Technologies Holdings plc ("LSTH", the "Company" or the "Group") Rentokil Contract Extension and sensorGROW trials · Additional orders received worth c.£500,000 from long-standing client · Growing demand for contract electronics manufacturing services ·……
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RNS Number : 0767B
Light Science Tech. Holdings PLC
29 September 2022
Light Science Technologies Holdings plc
("LSTH", the "Company" or the "Group")
Rentokil Contract Extension and sensorGROW trials
· Additional orders received worth c.£500,000 from long-standing client
· Growing demand for contract electronics manufacturing services
· Two trials secured for sensorGROW with potential roll-on subscriptions worth up to £940,000, over a three-year period
Rentokil Orders
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 received an additional £500,000 in forward orders from Rentokil Initial plc ("Rentokil"), which are expected to be fulfilled between November 2022 and March 2023. These new orders are in addition to historical forward order profiles.
The Group's CEM division, continues to grow in line with management expectations, driven by a strong demand for UK manufacturing in response to supply chain disruption.
The CEM division formed its customer partnership with Rentokil's pest control business over 10 years ago. The relationship has strengthened over the years with the Group providing a growing range of products.
The Group's CEM division continues to supply products to a growing number of customers across a range of market sectors and to target larger contracts which give better visibility.
sensorGROW Update
The CEA division has signed two trial contracts for the recently launched sensorGROW product. If successful, these trials could roll into subscriptions and be worth up to £940,000 in recurring revenues over a three year period. The Group is in talks regarding a number of other trials.
The Group has already established a strong footprint within the CEA market and the sensorGROW product provides an additional high margin route to market. The sensorGROW product provides recurring revenues as the Company provides technology, data collection, advisory and maintenance services for clients, on a three year contracted basis.
sensorGROW was launched in June 2022 and its t echnology enables farmers to monitor the following key growing factors (which are known as the nine cardinals of plant life) in real-time: air speed, carbon dioxide levels, humidity, light, oxygen, plant disease, soil, temperature and water pH levels – with benefits including reductions in water usage, nutrients, fertilisers and energy while increasing yields and producing healthier crops.
Simon Deacon, CEO and founder of Light Science Technologies, said : "We are delighted that Rentokil has chosen to increase its forward orders with us, as it shows our commitment to quality and high levels of service. This contract demonstrates the continued demand for UK manufacture, as we see customers focus on maintaining mid-term supply chain as well as controlling costs.
"I am also pleased to see confirmation of several sensorGROW trial contracts and expect more to be forthcoming. This demonstrates how growers see the importance of combining intelligence and increasing productivity to maximise yields within their indoor growing environments in a time when energy efficiency is crucial."
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:
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Light Science Technologies Holdings plc
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Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer |
via Walbrook PR |
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Strand Hanson Limited (Nominated & Financial Adviser)
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Tel: +44 (0) 20 7409 3494 |
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Ritchie Balmer / James Harris / Rob Patrick |
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Turner Pope Investments (TPI) Ltd (Broker) |
Tel: +44 (0) 20 3657 0050 |
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James Pope / Andy Thacker |
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Walbrook PR Ltd (Media & Investor Relations)
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Tel: +44 (0)20 7933 8780 or [email protected] |
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Nick Rome / Paul McManus |
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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.
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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CloseCML Microsystems PLC : CML plans for new business hub at Oval Park
RNS Number : 5341A CML Microsystems PLC 26 September 2022 26 September 2022 CML Microsystems Plc ("CML", the "Company" or the "Group") CML plans for new state of the art business hub at Oval Park CML Microsystems Plc, which develops mixed-signal, RF and microwave semiconductors for global communications……
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RNS Number : 5341A
CML Microsystems PLC
26 September 2022
26 September 2022
CML Microsystems Plc
("CML", the "Company" or the "Group")
CML plans for new state of the art business hub at Oval Park
CML Microsystems Plc, which develops mixed-signal, RF and microwave semiconductors for global communications markets, is pleased to announce plans to create significant and sustainable employment opportunities at its current 29-acre site located at Oval Park, Maldon.
On 5 July 2022, the Company announced in its final results that its Oval Park site is designated employment land in the Maldon District Plan and part of this land is excess to CML's trading requirements, which had led the Company to sign sale contracts with two separate parties, subject to them gaining appropriate planning permission for development on approximately 13 acres of land. A series of planning applications have now been submitted to Maldon District Council to create a state-of-the-art business park hub and additionally the site will house two world leading organisations in their respective fields, Maldon Crystal Salt company and Tecniq, whose relocation to the site will provide the corner stone of the development.
The transformation of the 29-acre brownfield Oval Park site, which CML has owned for over 20 years, into an exciting new business development with spacious offices, warehousing and world-class R&D facilities is expected to bring over 200 jobs to the district by 2024 and potentially many more in the next few years.
The development of the site marks a milestone in the Group's strategy to dispose of excess land where it is in shareholders' interests to do so.
Subject to planning permission, work is due to start on the site in 2023.
Nigel Clark, Chairman of CML Microsystems commented :
"The creation of a state of the art business park coupled with the relocation of the Maldon Salt Company and Tecniq, two world leading organisations in their respective fields, co-locates a trio of quality British companies providing the corner stone of the development – the best of British. The development of the Business Park provides other organisations the opportunity to join us and locate to Oval Park, attracting further investment into the Maldon District whilst also providing local companies the opportunity to raise their profile."
About Maldon Salt
Maldon Salt is the UK's leading salt brand, founded in Maldon in 1882. Maldon is a Royal Warrant holding family run business, dedicated to investing in its number one asset, its people. Exporting to over 60 countries around the world, Maldon is dedicated to its CSR mission and is a World Land Trust partner. Maldon has ambitious, innovative growth plans and has produced successful, sustainable year and year growth.
About Tecniq
Tecniq is a world class design and technology lead manufacturing company, with a 20-year pedigree working for car manufacturers worldwide, including Aston Martin, Bentley, Porsche Singer and Tesla. Tecniq is proud of its global reputation for combining creativity, innovation and craftmanship. Tecniq has grown rapidly in the past six years and is looking to grow its team to over 200 people by the end of 2022, including by investing in training and apprenticeships for current and new workers and is currently working alongside the University of East Anglia on graduate placements.
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CML Microsystems Plc Chris Gurry, Group Managing Director
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www.cmlmicroplc.com |
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Shore Capital (Nominated Adviser and Broker) Advisory Corporate Broking
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Tel: +44(0)20 7408 4090 |
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Alma PR Josh Royston |
Tel: +44 (0)20 3405 0212
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About CML Microsystems PLC
CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading commercial and industrial product manufacturers.
The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT).
The Group is cash-generative, has no debt and is dividend paying.
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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CloseDev Clever Holdings : Launch of Career Success Membership Program
RNS Number : 0577A Dev Clever Holdings PLC 21 September 2022 RNS REACH Dev Clever Holdings plc ("Dev Clever", the "Group" or the "Company") Launch of CSMP for Launchmycareer Dev Clever (LSE: DEV), a leading developer of online and immersive career guidance, learning and……
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RNS Number : 0577A
Dev Clever Holdings PLC
21 September 2022
RNS REACH
Dev Clever Holdings plc
("Dev Clever", the "Group" or the "Company")
Launch of CSMP for Launchmycareer
Dev Clever (LSE: DEV), a leading developer of online and immersive career guidance, learning and development platforms, is pleased to announce that it will be exhibiting at DIDAC, Asia's largest education conference and exhibition held at Bangalore, India where it will unveil further progress on its Launchmycareer ("LMC") platform with the launch of its Career Success Membership Program ("CSMP").
DIDAC – this year being held from 21-23 September – showcases the latest trends in the education industry and aims to evoke a healthy discussion around the reshaping of career guidance to enable educational institutions to keep up with the rapid advancements in the sector.
Dev Clever's CSMP brings a tech-driven roadmap that weaves career-readiness into the educational framework in an age-appropriate manner. The Company's LMC experts and career counsellors will participate in the exhibition via workshops, panel discussions, and talks focused on career guidance, emphasising the need to address the employability gap with skills development.
In addition to the launch of CSMP, Dev Clever's LMC representatives will be exhibiting and showcasing its new membership card that can be purchased in bulk by schools enrolled in the CSMP to distribute to their students. Through the card, students will be able to access careers counselling and assistance, have unlimited access to careers databases, and gain exclusive access to the world's first careers metaverse. Dev Clever will also partner with third party businesses, such as retailers and brands, to enable card users to be incentivised with relevant discounts and rewards for their use of the card.
Through its existing network and relationships with schools in India, Dev Clever has been pre-marketing the CSMP and its membership cards to a limited number of schools. This has resulted in pre-orders for over 5,000 subscriptions reflecting the Company's already strong positioning ahead of the national Indian rollout of LMC this October.
Ankur Aggarwal and Chris Jeffries, Joint CEOs of Dev Clever, commented:
"We are thrilled to have received such a positive response to CSMP and the membership card so far and look forward to their formal unveiling at DIDAC. We could not have asked for a better launch pad than this exhibition. The world of career development is undergoing enormous change and institutions, educators, counsellors, and thought leaders must come together to provide opportunities for students to better prepare for the world of work. With the launch of CSMP and the membership card, we are one step closer to this vision of helping students become future-ready."
-Ends-
For more information:
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Dev Clever Holdings plc Christopher Jeffries Joint Chief Executive Officer and Executive Chairman
Ankur Aggarwal
Nicholas Ydlibi |
+44 (0) 1827 930 408 |
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Novum Securities Limited – Financial Adviser & Joint Broker Colin Rowbury David Coffman |
+44 (0) 20 7399 9400 |
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finnCap Limited – Joint Broker Jonny Franklin-Adams / Abigail Kelly / George Dollemore (Corporate Finance) Richard Chambers / Harriet Ward (ECM) |
+44 (0) 20 7220 0500 |
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Buchanan Communications Chris Lane / Kim van Beeck / Toto Berger |
+44 (0) 207 466 5105 |
Notes to Editors:
About Dev Clever
Dev Clever Holdings plc, together with its wholly owned subsidiaries, is a software and technology group based in Stafford, United Kingdom, and Noida, India, specialising in the use of lightweight integrations of cloud-based VR and gamification technologies to deliver rich customer engagement experiences across both the education and commercial sectors. In January 2019, Dev Clever listed on the Standard List of the London Stock Exchange. The Group's core focus is the development and commercialisation of its core Educate platforms.
Dev Clever aims to reduce the global skills shortage by delivering an enhanced careers guidance service via its online platforms, Launchmycareer.com and Launchyourcareer.com, and virtual reality software (Victar VR). The business has established a global partnership with Lenovo to roll out its service worldwide, with offerings already on the market in the UK, US, and Canada. Dev Clever is also focused on the Indian market and has partnered with the National Independent Schools Alliance (NISA) to provide a comprehensive service offering within Indian budget private schools. Through this, the business has been developing and has launched a direct-to-consumer offering in India.
For further information, please visit www.devcleverholdingsplc.com
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.
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CloseOsirium Technologies : Significant contract extension
RNS Number : 9262Z Osirium Technologies PLC 20 September 2022 20 September 2022 Osirium Technologies plc ("Osirium" or the "Group") Significant contract extension Osirium PAM commitment extended for a further three years Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity and IT……
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RNS Number : 9262Z
Osirium Technologies PLC
20 September 2022
20 September 2022
Osirium Technologies plc
("Osirium" or the "Group")
Significant contract extension
Osirium PAM commitment extended for a further three years
Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity and IT automation software, is pleased to announce that it has agreed a three-year Privileged Access Management ("PAM") licence extension with an existing customer (the "Customer"), a leading provider of IT services to local and national government in the UK.
The Customer initially purchased Osirium PAM in 2019 and rapidly grew from 250 to 2,600 licenses within the first year. The Customer has now decided to renew their commitment to Osirium PAM for another three years in a contract with a total value over £290k.
In line with the Group's SaaS business model, the full licence fee is payable at the outset and will be reflected in bookings and cash in the current financial year, with revenue being recognised over the three-year term, further underpinning management expectations for the current year.
David Guyatt, Chief Executive Officer, commented:
"We are delighted to have agreed this three-year extension, reflecting the ongoing value and importance of privileged security to our customers when cyber-attacks have never been more prolific.
"In line with our land-and-expand strategy, we continue to focus on increasing contract values, product take-up and device numbers with our existing customers alongside new customer acquisition."
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Contacts: |
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Osirium Technologies plc |
Tel: +44 (0)1183 242 444 |
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David Guyatt, CEO |
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Rupert Hutton, CFO |
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Allenby Capital Limited (Nominated adviser and broker) |
Tel: +44 (0)20 3328 5656 |
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James Reeve / George Payne (Corporate Finance) |
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Tony Quirke (Sales and Corporate Broking) |
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Alma PR (Financial PR adviser) |
Tel: +44 (0)20 3405 0205 |
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Hilary Buchanan |
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Kieran Breheny |
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William Ellis Hancock |
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About Osirium Technologies Plc
Osirium Technologies plc (AIM: OSI) is a leading UK-based cybersecurity software vendor delivering Privileged Access Management (PAM), Privileged Endpoint Management (PEM) and Osirium Automation solutions that are uniquely simple to deploy and maintain.
With privileged credentials involved in over 80% of security breaches, customers rely on Osirium PAM's innovative technology to secure their critical infrastructure by controlling 3rd party access, protecting against insider threats, and demonstrating rigorous compliance. Osirium Automation delivers time and cost savings by automating complex, multi-system processes securely, allowing them to be delegated to Help Desk engineers or end-users and to free up specialist IT resources. The Osirium PEM solution balances security and productivity by removing risky local administrator rights from users, while at the same time allowing escalated privileges for specific applications.
Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to trading on AIM in April 2016. For further information please visit www.osirium.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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CloseLight Science Tech. : Zenith Nurseries Contract and UKRI Grant Update
RNS Number : 6592Z Light Science Tech. Holdings PLC 16 September 2022 Light Science Technologies Holdings plc ("LSTH", the "Company" or the "Group") Zenith Nurseries Contract and UKRI Grant Update · First Gateway of Zenith Contract now complete · Early commencement of first phase of Gateway 4……
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RNS Number : 6592Z
Light Science Tech. Holdings PLC
16 September 2022
Light Science Technologies Holdings plc
("LSTH", the "Company" or the "Group")
Zenith Nurseries Contract and UKRI Grant Update
· First Gateway of Zenith Contract now complete
· Early commencement of first phase of Gateway 4
· Increased value of UKRI Grant
Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, provides an update on progress on its contract with Zenith Nurseries Ltd ("Zenith Nurseries") to develop a cloche lighting and sensor technology system.
The Company is pleased to announce that the project's first milestone, Gateway 1 – to develop the cloche lighting system and demonstrate viability – is now complete, resulting in revenue of £51,000 for the Group.
Reordering of implementation programme
As further detailed in the Company's Admission Document, the project is broken into four gateways which are specified to prototype, develop, and commercialise the offering. Following the success of Gateway 1, the customer has redefined its near-term priorities in response to ongoing energy and import conditions, and to increase focus on the lighting element of the rolling cloche. This will place further emphasis on growing more indoors, mitigating the impact of unpredictable and extreme weather conditions and climate change, with a view to increasing yields and extending the growing season.
Therefore, the project gateways have been re-ordered, bringing the first phase of Gateway 4 forward. This phase is now set to proceed before Gateways 2 and 3, and will see the incorporation of the rolling cloche device within new polytunnels. This phase is expected to commence in the first half of 2023 with potential revenues of c.£1.9 million . The Company is also exploring new potential revenue generating additions to the cloche design in order to make the units more self-sufficient in terms of energy usage, using solar power and batteries.
The overall time scale and potential contract value of £13.84 million remains unchanged.
UKRI Grant Update
The Company will now take full responsibility for the development of the harvesting elements alongside specialist contractors, which means that the value of the UK Research and Innovation ("UKRI") grant receivable by the Group has increased to £621,077, for this project.
As previously announced on 15 February 2022, the grant was awarded by UKRI, the UK's innovation agency, as part of its Farming Initiative Pathway (FIP) consortium for more sustainable and efficient plant growth in the UK agricultural sector.
Simon Deacon, CEO and founder of Light Science Technologies, said : "We are delighted with the progress made on the project and the agility of our relationship with Zenith Nurseries, which has allowed a reordering of workflow to bring forward part of Gateway 4.
"The cloche lighting and sensor technology system is as exciting as it is innovative. With applications across multiple plant varieties, we believe there will be significant demand for this solution as food security becomes progressively more crucial in a changing world.
"Importantly, given the numerous issues associated with climate change, which have and will severely impact growing conditions, our solutions enable growers to produce crops more locally, all year round."
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:
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Light Science Technologies Holdings plc
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Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer |
via Walbrook PR |
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Strand Hanson Limited (Nominated & Financial Adviser)
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Tel: +44 (0) 20 7409 3494 |
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Ritchie Balmer / James Harris / Rob Patrick |
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Turner Pope Investments (TPI) Ltd (Broker) |
Tel: +44 (0) 20 3657 0050 |
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James Pope / Andy Thacker |
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Walbrook PR Ltd (Media & Investor Relations)
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Tel: +44 (0)20 7933 8780 or [email protected] |
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Nick Rome / Paul McManus |
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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.
Contract Electronics Manufacturing
UK Circuits is the Company's CEM focussed division, with strong revenue and cash generation. 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.
LED Grow-Lighting Cloche/Rig Cloche
The LED grow-lighting cloche/rig is expected to be the first retrofittable, all-in-one lighting-sensing-automation rig designed for polytunnels and glasshouses, bringing controlled environment technology to, and providing year-round harvests for, the grower. The sensor element of the system will provide increased monitoring and data, which will enable greater efficiency in the use of resources, such as energy, nutrients and water, which will ultimately result in reduced costs and higher yields.
Once development is complete, the cloche system has the potential to generate significant one-off hardware revenues and recurring revenues from growers, lasting up to 25 years through the deployment of data, upgrades, replacements, data analysis and in future AI.
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.
END
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CloseLoopUp Group PLC : Material Contract Win; Business and Trading Update
RNS Number : 9000X LoopUp Group PLC 01 September 2022 1 September 2022 LOOPUP GROUP PLC ("LoopUp" or the "Group") Material Contract Win; Business and Trading Update LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, is pleased to announce a new material contract……
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RNS Number : 9000X
LoopUp Group PLC
01 September 2022
1 September 2022
LOOPUP GROUP PLC
("LoopUp" or the "Group")
Material Contract Win; Business and Trading Update
LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, is pleased to announce a new material contract win for the Group, and provide both a strategic business update for Cloud Telephony, its primary growth line of business, and a trading update for the six months ended 30 June 2022.
Highlights
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Meetings: New material contract win expected to generate c.£10 million of revenue and c.£5 million of net cash in the 12 months from October 2022 to September 2023 |
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Cloud Telephony: 133% increase in customer wins and 252% increase in individual contract wins during the second year post service launch |
New material contract win
The Group has entered into a revenue sharing and customer transfer agreement with American Teleconferencing Services, Ltd. and Audio Telecommunications Technology II LLC (together "PGi Connect"), a provider of conferencing services. Under the agreement, LoopUp has the rights (but not the obligation) to transfer materially all of PGi Connect's conferencing services customers (but not its webcasting customers) over to LoopUp.
There is no initial or fixed consideration payable to PGi Connect for the transfer of its customers to LoopUp. Instead, the Group has agreed to pay PGi Connect a share of revenue invoiced and received from successfully transferred customers for a period of three years.
This is a highly material contract for the Group in terms of its expected cash generation. After making prudent assumptions for the expected timing of customer transfers, customer losses due to the transfer, and general ongoing business attrition, the Group nevertheless expects this contract:
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to increase LoopUp's revenues materially from October 2022 onwards, with revenue run rate ramping up thereafter through to the FY2022 year-end; and |
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in the twelve months from October 2022 to September 2023, to generate revenue of approximately £10 million, at a gross margin of approximately 60% after both LoopUp's cost of goods sold and payment of PGi Connect's revenue share1, and provide net cash contribution to the Group of approximately £5 million over the period after other associated cash costs. |
It is not possible to quantify the historical profit from customers that will ultimately transfer given that inter alia: (i) the agreement gives LoopUp the option but not the obligation to transfer customers; (ii) there will be churn of PGi Connect customers prior to transfer; and (iii) some customers are expected to be lost during the transfer.
The Group emphasises that while this contract is clearly material and highly cash generative, it does not alter the Group's strategic transition towards hybrid communications solutions, namely Cloud Telephony and Hybridium, and to the contrary, provides the Group with valuable investment capacity into these long-term growth lines of business.
Steve Flavell and Michael Hughes, co-CEOs of LoopUp, commented:
"This is clearly a very significant transaction for the Group as we continue to manage our business through its strategic transition to premium hybrid communications. In addition to the material expected cash generation, it will also bring telecommunications purchasing scale that will benefit our growing Cloud Telephony business. PGi Connect has a long history of leadership in the conferencing services industry and we are excited to bring LoopUp Meetings to their customers. We thank the PGi Connect team for working so productively with us to conclude the agreement, and we look forward to continuing to do so during the customer transition project ahead."
Michele Dobnikar, President of PGi Connect, commented:
"We are pleased to announce this transaction with LoopUp, who is one of very few operators capable of taking on and looking after such a sizable and global customer book to the exacting standards expected by our customers. We look forward to continuing to work with the LoopUp team for a smooth and timely transition of the business."
Cloud Telephony strategic business update
In Q3 2020, the Group launched its Cloud Telephony solution, which has since developed into its primary growth line of business for the long-term future of the Group. The Cloud Telephony market is forecast to grow to £29 billion by 20252, and the Group's aspiration is to become one of a small number of winners in the multinational mid-market and enterprise segment, providing customers with single-vendor service provision globally rather than the status quo of multiple telecommunications carriers in specific countries and regions.
Since launch, the Group has secured 60 customer wins, comprising 131 individual contracts, and has done so at an accelerating win rate:
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133% increase in customer wins, with 42 won during the second year post service launch ending August 2022 (18 during the first year post service launch ending August 2021); and |
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252% increase in individual contract wins, with 102 won during the second year post service launch ending August 2022 (29 during the first year post service launch ending August 2021). The greater acceleration in contract wins versus customer wins reflects the 'layering effect' from progressive geographic customer rollouts – i.e. approximately one third of the contract wins in the second year post launch were from customers won in the first year post launch. |
In aggregate, these 60 customer wins represent:
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Minimum Annual Recurring Revenue (ARR) of £1.2 million and minimum Total Contract Value (TCV) of £4.3 million, based on minimum contracted levels; |
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Expected ARR of c.£2.4 million and expected TCV of c.£7.8 million, based on expected rollout levels, where LoopUp has relatively strong visibility of customer intent based on conversations, planning and pricing; and |
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Potential ARR of c.£5.2 million and potential TCV of c.£16.1 million, based on identified potential rollout levels but where LoopUp currently has less clear visibility of customer intent. |
Operationally, all customer deployments to date have been successful, and all rollouts are progressing positively.
In addition to these 60 customer wins, the Group's sales pipeline of potential new Cloud Telephony opportunities continues to grow and now stands at more than £100 million of additional potential ARR, of which approximately 15% is at written proposal stage or later.
The Group is achieving this strong and accelerating commercial traction in Cloud Telephony due to its differentiated offer for multinational mid-market and enterprise customers versus competition from telecommunications carriers and UC platform calling plans. Specifically, this includes the Group's:
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licensed and regulated geographic coverage; |
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highest quality and resilient audio routing across 19 tier-1 carrier partners; |
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customer connectivity options – UC-integrated / SIP / hybrid – for future-proofed customer decision-making at varied stages of the Cloud Telephony journey; |
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Microsoft 'Advanced Specialization' expertise (level above gold) in Teams telephony for design, configuration and implementation customer support; |
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Global Management Portal for consistent service visibility and administration, globally; and |
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PerfectBundle pricing for spend commitment pooling across global billing entities. |
H1 2022 trading update and outlook
The Group expects revenues of approximately £6.6 million for the six month period ended 30 June 2022, at a gross margin of approximately 67%, and an EBITDA loss of approximately £1.5 million. Net debt was approximately £8.0 million at 30 June 2022, prior to the receipt of an R&D tax credit of c.£1.9 million that the Group expects to receive within the next 60 days.
Given the material contract announced today with PGi Connect, combined with the development of ARR from Cloud Telephony, the Group now expects:
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FY2022 revenue to be marginally above market expectations, at marginally lower profitability after some additional required investment associated with the PGi Connect customer transfer project; and |
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FY2023 revenue to be materially above market expectations at materially higher profitability. |
The Group will announce its unaudited interim results for the period ended 30 June 2022 by the end of September 2022.
Market abuse regulation:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
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Expected to be approximately 13% on a weighted average basis across different product categories |
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Source: Gartner, 2022
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For further information, please contact:
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LoopUp Group plc |
via FTI |
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Steve Flavell, co-CEO |
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Panmure Gordon (UK) Limited |
+44 (0) 20 7886 2500 |
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Dominic Morley / Alina Vaskina (Corporate Finance) |
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Erik Anderson (Corporate Broking) |
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Cenkos Securities Limited |
+44 (0) 20 7397 8900 |
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Giles Balleny / Dan Hodkinson (Corporate Finance) |
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Alex Pollen (Sales) |
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FTI Consulting, LLP |
+44 (0) 20 3727 1000 |
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Matt Dixon / Jamille Smith / Tom Blundell |
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About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a cloud platform for premium hybrid communications. The Group's flagship Cloud Telephony solution for Microsoft Teams enables multinational enterprises to consolidate their global telecommunications into a single, consistently managed cloud implementation rather than disparate implementations from multiple carriers. The Group's hybrid auditorium and events solution, Hybridium (www.hybridium.com), brings unrivaled engagement and analytics to larger scale hybrid education, training and events such as management onsites, departmental kick-offs, capital markets days and thought leadership seminars.
The Group is listed on the AIM market of the London Stock Exchange (LOOP) and is headquartered in London, with offices in the US, Spain, Germany, Hong Kong, Barbados and Australia.
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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