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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:

 

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. 

 

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.

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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

·	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
·	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:

·	to increase LoopUp's revenues materially from October 2022 onwards, with revenue run rate ramping up thereafter through to the FY2022 year-end; and
·	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:

·

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

·

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:

·	Minimum Annual Recurring Revenue (ARR) of £1.2 million and minimum Total Contract Value (TCV) of £4.3 million, based on minimum contracted levels;
·	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
·	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:

·	licensed and regulated geographic coverage;
·	highest quality and resilient audio routing across 19 tier-1 carrier partners;
·	customer connectivity options – UC-integrated / SIP / hybrid – for future-proofed customer decision-making at varied stages of the Cloud Telephony journey;
·	Microsoft 'Advanced Specialization' expertise (level above gold) in Teams telephony for design, configuration and implementation customer support;
·	Global Management Portal for consistent service visibility and administration, globally; and
·	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:

·	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
·	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.

 

1	Expected to be approximately 13% on a weighted average basis across different product categories
2	Source: Gartner, 2022

For further information, please contact:

LoopUp Group plc	via FTI
Steve Flavell, co-CEO
Panmure Gordon (UK) Limited	+44 (0) 20 7886 2500
Dominic Morley / Alina Vaskina (Corporate Finance)
Erik Anderson (Corporate Broking)
Cenkos Securities Limited	+44 (0) 20 7397 8900
Giles Balleny / Dan Hodkinson (Corporate Finance)
Alex Pollen (Sales)
FTI Consulting, LLP	+44 (0) 20 3727 1000
Matt Dixon / Jamille Smith / Tom Blundell

 

 

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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RNS Number : 8480X

Shearwater Group PLC

01 September 2022

 

01 September 2022

RNS Reach

 

 

SHEARWATER GROUP PLC

 

("Shearwater", or the "Group")

Contract Renewal

Brookcourt Solutions secures contract renewal with a leading British telecoms business

Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions, has secured a significant support contract renewal with a leading British telecommunications company headquartered in London, England. 

 

The renewal is for a support contract for a data protection and monitoring platform with the company, which provides mobile, telephone, television, and internet services across the United Kingdom.

 

The contract value exceeds £980,000 across the next 12 months and ensures that Brookcourt's client continues its use of effective data protection, solutions and tools to protect its proprietary data, as well as its customers' critical data. The solution improves the organisation's overall security; helping mitigate database risks and detecting compliance and security policy violations.

 

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

 

"We are delighted to be part of a security programme with one of the UK's largest telecommunications companies. This renewal is another great example of how we continue to partner with our customers so that they can better understand, manage, and reduce their cybersecurity risk."

 

Enquiries:

 

Shearwater Group plc David Williams, Chairman Phil Higgins, CEO	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc – NOMAD and Joint Broker Ben Jeynes / Max Gould – Corporate Finance Alex Pollen / Michael Johnson – Sales	+44 (0) 20 7397 8900
Berenberg – Joint Broker  Matthew Armitt / Mark Whitmore	+44 (0) 20 3207 7800
Alma PR Justine James / Joe Pederzolli	[email protected]  +44 (0) 20 3405 0205

 

This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

 

About Shearwater Group plc

 

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

 

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

 

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.

 

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG".  For more information, please visit www.shearwatergroup.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.

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 : 6695X

Nanoco Group PLC

31 August 2022

 

FOR IMMEDIATE RELEASE      31 August 2022

Nanoco Group PLC

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

 

Two Grant Funding Awards for Quantum Technology Projects

 

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from its technology platform, today announces that it has secured grant funding from Innovate UK, the UK's innovation agency, for two leading edge development projects for novel nanomaterials that build on Nanoco's unique patented technology:

· The first covers the development of singly-doped colloidal dots for potential use in quantum technology applications and has been won in collaboration with The University of Manchester.

· The second is to develop a new material set, based on alternative chemical elements, for potential use in infra-red sensing and other consumer electronics applications.

The two projects will last 18 and 12 months respectively and will commence early in Nanoco's FY23. They will deliver funding to Nanoco of around £0.3m in FY23 and around £0.2m in FY24. Any medium term value implications of the projects will depend on the research outcomes.

Brian Tenner, Nanoco's CEO, commented:

"These Innovate grants highlight Nanoco's position as the leading edge developer of novel nano-materials for electronics applications. The two projects build on Nanoco's existing extensive IP portfolio and the expert know-how of our team. They will help to consolidate our position as the leading producer of nano-materials for use in infra-red sensing applications, whilst also expanding into exciting new areas of opportunity."

– Ends –

 

The person responsible for arranging for the release of this announcement on behalf of Nanoco is Liam Gray, CFO & Company Secretary.

 

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

 

FORWARD LOOKING STATEMENTS

This announcement (including information incorporated by reference in this announcement) and other information published by Nanoco may contain statements about Nanoco that are or may be deemed to be forward looking statements.  Such statements are prospective in nature.  All statements other than historical statements of facts may be forward looking statements.  Without limitation, statements containing the words "targets", "plans", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "estimates", "projects" or "considers" or other similar words may be forward looking statements.

 

Forward looking statements inherently contain risks and uncertainties as they relate to events or circumstances in the future.  Important factors such as business or economic cycles, the terms and conditions of Nanoco's financing arrangements, tax rates, or increased competition may cause Nanoco's actual financial results, performance or achievements to differ materially from any forward looking statements.  Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward looking statements, which speak only as of the date hereof.  Nanoco disclaims any obligation to update any forward looking or other statements contained herein, except as required by applicable law.

 

For further information, please contact:

Nanoco Group PLC :

Brian Tenner, CEO  +44 (0) 1928 761 404

Liam Gray, CFO & Company Secretary  +44 (0) 1928 761 404

 

Peel Hunt (Joint Corporate Broker):

Edward Knight  +44 (0) 20 7418 8900

Nick Prowting

 

Turner Pope Investments (Joint Corporate Broker):

Andrew Thacker  +44 (0) 20 3657 0050

James Pope

 

MHP Communications :  +44 (0) 203 128 8570

Reg Hoare

Pete Lambie

[email protected]

 

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are materials with dimensions typically in the range 1 – 100 nm. Nano-materials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nano-material that have size-dependent optical and electronic properties. The Group produces quantum dots and other nano-materials. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Display, Sensor and Electronics markets. An interesting property of quantum dots is their absorption spectrum. Nanoco's HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectrum, rendering them useful for applications including image sensors. Another interesting property of quantum dots is photoluminescence: the emission of longer wavelength light upon excitation by light of a shorter wavelength. The colour of light emitted depends on the particle size. Nanoco's CFQD®quantum dots are free of cadmium and other toxic heavy metals, and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of applications including displays, lighting and biological imaging.

Nanoco was founded in 2001 and is headquartered in Runcorn, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.

Nanoco is listed on the Main Market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.

 

About Innovate UK, the UK's innovation agency

Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. We connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth.

 

We fund business and research collaborations to accelerate innovation and drive business investment into R&D. Our support is available to businesses across all economic sectors, value chains and UK regions. Innovate UK is part of UK Research and Innovation. For more information visit www.innovateuk.ukri.org

 

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 : 2959X

Unigel Group PLC

26 August 2022

 

26 August 2022

 

Unigel Group plc

 

(the "Company" or the "Group")

 

Admission to Trading and First Day of Dealings

 

Unigel Group plc (AQSE:UNX), the holding company for its wholly-owned operating subsidiary, Unitape Limited ("Unitape"), and its 60 per cent. owned operating subsidiary, Unigel (UK) Limited ("Unigel"), which develop and manufacture components used in the production of fibre optic cables, announces that trading in its ordinary shares will commence on the Aquis Stock Exchange Growth Market ("AQSE") at 8:00 a.m., today ( 26 August 2022), under the ticker "UNX" and ISIN: GB00BPP4RY41 .

 

The Company has been admitted to the Access Segment of AQSE ("Admission") following successful completion of a subscription, raising gross proceeds of c.£0.8m.

 

The Board of the Company comprises Kwang Hua ("Eric") Chhoa, Chief Executive Officer, Gary Revel-Chion, Director, Sven ("Janne") Sjoden, Non-executive Chairman, and Azlinda Ariffin, Non-executive Director. Further information on the directors' biographies can be found below.

 

The issued share capital of the Company on Admission comprises 11,285,000 ordinary shares.

Overview of the subsidiaries

Unigel

Unigel formulates, manufactures, and markets thixotropic gels primarily to the fibre optic cable industry. In addition, it also makes specialty gel products for the construction, green energy, and high voltage transmission apparatus markets. For the year ended 31 December 2021, Unigel had revenue of £12.4m and profit after tax of c.£0.2m.

 

Unitape

Unitape commenced its business activities as a trader of co-polymer steel tapes, and after 10 years of trading, the company progressed to backward integrate into the slitting of co-polymer jumbo rolls into steel tapes. To facilitate this, the company established a US subsidiary-Unitape (USA), LLC and leased a 30,000 sq ft production space in Conover, North Carolina for its slitting business. In 2017, Unitape (USA), LLC became a wholly owned subsidiary of Unitape. For the year ended 31 December 2021, Unitape had revenue of £9.3m and profit after tax of c.£0.4m.

 

 

Eric Chhoa, Chief Executive Officer, commented:

 

"Our admission onto the AQSE Growth market represents an important milestone for the Group. Access to capital markets will support future business expansion and talent acquisition. We have assembled a strong board to guide the Group and we are excited to progress with the support of our shareholders."

 

The Company's Admission Document is available to view here: www.unigel.com

 

The Directors of the Company accept responsibility for the contents of this announcement.

 

 

Enquiries:

 

Unigel Group plc
Eric Chhoa Lim Bee Khin	+81 7022613812 +60 123018900
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
James Lewis Jo Turner Ludovico Lazzaretti	+44 (0) 20 72130 880

Further information

Thixotropic gels

Thixotropic gels are made from a proprietary formulation of specialty polymers, high grade base-oils and other specialty active chemical compounds. Typically, fibre optic cables are manufactured in special manufacturing environments at a high production speed. As a protective buffering agent for the fibre optic cable, the thixotropic gel must meet and maintain an operating viscosity range to do its work effectively. However, the operating viscosity inside the cable is too high for thixotropic gels to be applied into the buffer tubes without lowering the viscosity of the thixotropic gel. The viscosity of the thixotropic gel must be reduced to enable precision filling of the buffer tubes with thixotropic gels at high speed. To enable this to happen, buffering gels used for fibre optic cables are engineered to be thixotropic. Thixotropy is essentially a time-dependent sheer thinning property. When sheer stress (or agitation) is applied to the thixotropic gel during the production process, the viscosity of the thixotropic gel is reduced, enabling the less viscous gel to be applied easily and efficiently at high production speed. After the sheered thixotropic gel is flooded into the buffer tube, the thixotropic gel will return to its original viscosity after a finite period, allowing it to perform its intended purpose as a buffering agent. It is estimated that an average kilometre of optical fibre cable uses approximately 10-25 kg of thixotropic gel as a buffering agent. The quantity of thixotropic gel used is dependent on cable design and construction, as well as the fibre count inside a fibre optic cable.

 

Steel tapes

Armoured fibre optic cables have a layer of co-polymer steel tape wrapped around a pre-jacketed cable. In a typical cable production process, semi-finished pre-jacketed cables are wrapped by co-polymer or laminated steel tapes as the cable goes through a "wrapper die" which forms a concentric steel wrap before the cable is extruded or jacketed with high density polypropylene (HDPE). The combination of the laminated steel tape and HDPE jacket as a protective shell prevents moisture ingression and physical impact. With enhanced physical properties, steel tape armoured fibre optic cables can be deployed without the use of ducts in demanding physical environment from high traffic urban roads to water-logged terrains in suburban or rural conditions.

 Directors

 

Sven Janne Sjödén (Age 77), Non-executive Chairman

 

Janne was appointed as Chairman of Unigel Group plc with effect from Admission. Janne has been the Chairman of Unigel since 2014. Janne had an extensive career at Telefonaktiebolaget LM Ericsson, Sweden where he held numerous leadership and senior management roles including as the President and board member of Ericsson Network Technologies AB. He has previously served as an adviser to Handelsbanken AB, and was the Chairman and board member of The Hoverline Group AB in Sweden from 2008 to 2013. Janne graduated with a Bachelor of Science in Economics from the University of Uppsala, Sweden.

 

Kwang Hua ("Eric") Chhoa (Age 57), Chief Executive Officer

 

Eric was appointed to the Board of Unigel Group plc on 23 February, 2022. Eric has founded, built and acquired numerous companies in the telecommunications cable, cable components and services areas over the past 25 years. In 2014 and 2017, Hikari Capital Limited, a company which Eric controls, acquired 60 per cent. of Unigel and 100 per cent. of Unitape to build a cables component supply ecosystem for the global fibre optic cables industry. Eric graduated summa cum laude from Sophia University, Tokyo, Japan, and earned his MBA from Harvard Business School, Boston, Massachusetts.

 

Gary Revel-Chion (Age 63), Director

 

Gary was appointed as a Director of Unigel Group plc on 11 July, 2022. Gary is the current Financial Controller of Unigel and Unitape. Gary is a Chartered Accountant with over 35 years of experience across a wide range of industries. Prior to running his own accounting practice, Gary was employed at Robson Rhodes as a Senior Audit Manager. In 2018, Gary joined Unigel as Head of Finance where he was responsible for the financial operations of the business. Gary graduated with a BSc (Hons) in Accountancy and Economics from the University of Hull, England, and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).

 

Azlinda Ezrina Binti Ariffin (Age 53), Non-executive Director

 

Azlinda was appointed as an Independent Non-Executive Director of Unigel Group plc with effect from Admission. Azlinda has over 28 years of experience as a corporate lawyer and is a consulting partner at Withersworldwide LLP. She is also the founder and CEO of Dricopax Capital Limited, a multi-family office boutique firm in London. In April 2021, Azlinda was appointed to the board of MobilityOne Limited, an AIM listed company as an Independent Non-Executive Director. Azlinda graduated with an LLB (Hons) from University College of Wales, Cardiff. She is a barrister at Gray's Inn, and a member of the Law Society of England and Wales.

 

For more information please visit : www.unigel.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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Neville Registrars is delighted to welcome Versarien plc as the newest addition to its list of client companies.

Versarien plc is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. 

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

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Neville Registrars is delighted to welcome Provexis plc as the newest addition to its list of client companies.

Provexis was founded in 1999 to commercialise the Fruitflow® anti-thrombotic technology discovered at the Rowett Research Institute by Professor Asim Duttaroy.

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

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Neville Registrars is delighted to welcome Frecycle Limited as the newest addition to its list of client companies.

Further information can be found on the Company's website: https://frecycle.uk/

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RNS Number : 4649G

Oracle Power PLC

30 March 2022

 

 

30 March 2022

 

Oracle Power PLC

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

 

Joint Venture to Advance Green Hydrogen Project

 

Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has entered in to a joint venture agreement with the Private Office of His Highness Shaikh Ahmed Dalmook Al Maktoum (represented through Kaheel Energy FZE, a wholly owned free zone company incorporated under the laws of Dubai, UAE ("Kaheel Energy")), with the objective of advancing the Company's green hydrogen project in Pakistan.

 

Highlights

 

· The joint venture company, Oracle Energy Limited ("Oracle Energy"), which was wholly owned by Oracle, aims to invest in, develop, own and operate a facility for the manufacture of green hydrogen in the Province of Sindh, Pakistan and also undertake its storage, transportation and sale (the "Project").

· Oracle Energy, a limited liability company incorporated under the laws of Pakistan, will be funded on a 70:30 basis by Kaheel Energy and Oracle Power respectively.

· Kaheel Energy, which is 100% owned by His Highness Shaikh Ahmed Dalmook Al Maktoum, will leverage His Highness's relevance and influence in new energy generation and infrastructure to rapidly develop the Project through Oracle Energy.

· The joint venture structure is intended to provide a vehicle to support the accelerated development of the Project to meet the growing international and domestic demand of green hydrogen and clean energy. At the same time, this structure will significantly mitigate the early-stage development risk and funding requirement for the Project.

 

Naheed Memon, CEO of Oracle, commented:

 

"This is a hugely significant development for Oracle and provides a route through which to establish a ground-breaking green hydrogen project in Pakistan.  As shareholders will be aware, the Oracle team has been working hard over the past six months to create a framework and investment path to bring this revolutionary green hydrogen technology to Pakistan, and this joint venture is a landmark development in bringing this to fruition.

 

"The parties involved will use their combined industry influence, and further build their technical expertise, to move the Project forward at pace.  Importantly, this joint venture structure materially de-risks the development process for Oracle Power shareholders whilst ensuring we maintain exposure to this potentially highly valuable initiative.

 

"Issues relating to green energy and fuel security are high on the agenda worldwide and we are more determined than ever to bring this emerging green fuel source to commercialisation.  I look forward to providing updates in due course as we work with His Highness Shaikh Ahmed Dalmook Al Maktoum to move through the feasibility stages of the Project."

 

Further Information

 

It is intended that Oracle, Kaheel Energy and Oracle Energy (collectively, the "Parties"), shall retain joint operational and management control and Naheed Memon will also be the CEO of Oracle Energy. 

 

The board of Oracle Energy will be the primary forum for discussion and decision making on financial and investment decisions and other key decisions and will act as the forum for stakeholder engagement.  The Board will consist of three representatives appointed by His Highness Shaikh Ahmed Dalmook Al Maktoum and two members appointed by Oracle Power.

 

Kaheel Energy has been issued with 233,330 new ordinary shares at 12 Pakistani Rupees (Rs) per share, (a 20% premium to Oracle's subscription) in Oracle Energy.  Kaheel Energy will be issued shares such that its shareholding is 70% and the remaining 30% will remain with Oracle Power on a pari passu basis.

 

Kaheel Energy will also have the right to offer for sale the entire share capital of Oracle Energy to an unconnected third party, subject to Oracle Power's compliance with the AIM Rules for Companies (in relation to its 30% shareholding in Oracle Energy) and in particular AIM Rule 15 . In the event of such a sale, Oracle Power will be entitled to a 20% premium to the value of any investments made (subject to evaluation) or costs incurred for and on behalf of Oracle Energy in addition to the sale price.  Oracle will also have the right, within 30 days, to either acquire Kaheel Energy's shareholding, by itself or with a third party, at a price and/or better terms than those offered or find a third party to acquire all the shares of Oracle Energy at a price and/or better terms than those offered.  

 

 

*ENDS*

 

For further information:

Oracle Power PLC Naheed Memon – CEO	+44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Rob Patrick	+44 (0) 20 7409 3494
Shard Capital (Broker) Damon Heath, Isabella Pierre	+44 (0) 20 7186 9952
St Brides Partners Limited (Financial PR) Susie Geliher, Selina Lovell	+44 (0) 20 7236 1177

 

About Oracle Power PLC:

 

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market.  The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

 

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in the Sindh Province through its joint venture company, Oracle Energy.  The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

 

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 : 3024G

Silver Bullet Data Services Grp PLC

29 March 2022

 

29 March 2022

 

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company", or, together with its subsidiaries, the "Group")

New Contract Wins and Renewals

 

Silverbullet (AIM: SBDS), a provider of digital transformation services and products, is pleased to announce new contract wins and renewals.

 

MARS

Silverbullet has been retained by MARS Inc. at a global level as their data services partner. MARS is an American multinational, fast-moving consumer goods ("FMCG") brand who supply confectionary, pet food and other food products as well as a provider of animal care services.

 

Silverbullet becomes the central resource for first-party data services, including the implementation of first-party data strategy working closely with Salesforce Marketing cloud. The partnership has enabled all MARS global brands, business units and geographical markets to leverage the central contract.

 

Britbox International

Silverbullet have won a contract with Britbox. Britbox is an online digital video subscription service founded by BBC Studios and ITV plc, serving the United Kingdom, United States, Canada, Australia and South Africa. The joint venture boasts two million global subscribers.

 

Silverbullet have been appointed to accelerate their first-party data strategy through analytics, requirement gathering, technology integration and a future-proofed roadmap.

 

UK Broadcaster

A leading UK Broadcaster continues its partnership with Silverbullet. This British Broadcaster is a publicly listed company (listed on the London Stock Exchange) and is a constituent of the FTSE 100 Index.

 

Silverbullet have been engaged through a managed service contract to support Treasure Data (its enterprise customer data platform).

 

Dolce&Gabbana

Silverbullet extends its partnership with Dolce&Gabbana. Dolce&Gabbana is an Italian luxury fashion house, whose success has been noted over the years since its launch in 1985.

 

The luxury retail brand has renewed its ongoing contract with Silverbullet for first-party data strategy and managed services.

 

 

Ian James, Chief Executive Officer of Silverbullet, commented:

"These wins and renewals are a reflection of the acceleration of first-party data driven transformation across the Global Brand landscape. To be trusted by these multinational clients to spearhead their next phase of growth is strong evidence that our strategy to accelerate our client's business through the smart use of data in the privacy first era is well received. Now that Google have finally given the industry 12 months to transform to the new non-cookie/Ad ID ecosystem, we are seeing strong demand for first-party data transformation and a growing use of our post cookie ad platform 4D across our client base, and these dynamics give us confidence for the year ahead. I look forward to sharing a full market update in the very near future."

 

 

For further information please contact:

 

Silverbullet		via IFC
Ian James (CEO)
Strand Hanson Limited – Financial and Nominated Adviser		0207 409 3494
James Spinney / James Bellman
Oberon Capital – Broker		0203 179 5344
Mike Seabrook / Robert Hayward
IFC Advisory		020 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler		07793 839 024

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such as Heineken, Channel 4, Amazon, ITV and Jägermeister amongst many others.

 

The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2022. 

Headquartered in London, the Group employs 66 employees across five regions across the globe, including, the UK, Italy, Germany, Australia and the US. The Group continues to look at other opportunities for expansion worldwide.

The Company has an established and growing services business with significant accumulated industry experience and a proven track record of delivering strategic projects and activation services to its clients.

The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

The Group has close technical and commercial partnerships with Salesforce, Oracle and Adobe, all of which have existing sales channels and are already delivering to clients.

The Group has established a joint venture and strategic partnership with Local Planet, a scaled network of over 60 agencies across the globe which transact, in aggregate, over US$16 billion of media buying on behalf of their clients. The Local Planet joint venture, established in December 2020, which has already generated material services revenues for the Group, presents a significant opportunity to provide further data services and the 4D product to the Local Planet agency network.

 

 

 

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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