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RNS Number : 3586P

Osirium Technologies PLC

10 October 2019

 

 

 

RNS Reach

10 October 2019

 

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

New customer and upsell contract wins across multiple sectors

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a series of contract wins with an international banking group, a leading drinks manufacturer, and a provider of services to the pharmaceutical and biotech sectors.

 

The total licenses cover 100s of devices, with contract terms of between 12 and 36 months, with Osirium delivering its PxM Platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. 

 

For the banking group the PxM platform has been selected to secure access to web interfaces, network devices and servers, and to control access to privileged accounts by a number of the customer's key external vendors. In addition to core privileged access management functions, the customer has selected Osirium's award-winning Task Automation capabilities to enable its Helpdesk team achieve significant time savings and enhanced security by automating processes in its day to day operations.

 

The contract with the drinks manufacturer represents an expansion in less than 12 months from an original package comprising consultancy services and the PxM Express offering. The PxM platform is being used to support manaufacturing lines in drinks production, as well as controlling approval flows for time-limited access to privileged accounts, such as for third parties.

 

For the provider of services to the pharmaceutical and biotech sectors, the PxM platform is being used by the customer to minimise the risk of security breaches by delivering rigorous control and visibility of access to privileged accounts by internal users. 

 

David Guyatt, Chief Executive Officer, commented: "These contract wins underline our increasing sales momentum and clearly show successful elements of our strategy. The contract with this prestigious drinks provider is yet another illustration of our 'land and expand' strategy, with a new customer seeing the immediate benefit of Osirium and deciding – in less than twelve months – to add to its initial deployment.

 

"Complementing this is in each of these three wins is the simplicity of deploying Osirium, backed up the expertise of our support, consultancy and sales teams. These are enabling us to not only shorten sales cycles, but also win against competitive suppliers that do not have ease of use built in from the ground up as we do.  Although the customer from the banking sector has a long-standing relationship at head office level with a major competitor, our engagement model and the simplicity of implementation convinced them to select Osirium. We planned and executed a well-defined Proof of Concept over 3 weeks, with the solution up and running within the first 24 hours, and able to meet their exact requirements. This focus on customers and our ability to rapidly deliver real value and security is one of the factors driving our success."

 

–      Ends –

For further information:

Osirium Technologies plc	Tel: +44 (0) 118 324 2444
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 7710 7600
Fred Walsh / Neil Shah
Alma PR	Tel +44 (0) 20 3405 0205

Josh Royston, Hilary Buchanan, Kieran Breheny

 

Notes to Editors:

 

About Osirium

 

Osirium Technologies plc (AIM: OSI.L) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Management ("PAM") software. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

 

Osirium has defined and delivered what the Directors view as the next generation PAM solution.  The team has developed the concept of a Virtual Air Gap to separate users from passwords.  Built on Robotic Automation technology, Osirium's Privileged Task Management module further strengthens Privileged Account security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers.

 

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to 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.

 

END

 

 

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RNS Number : 3653P

Immotion Group PLC

10 October 2019

 

 

 

Immotion Group plc

("Immotion Group" or the "Company")

 

 Immotion signs deal with Aspro Parks for Blue Planet Aquarium Cheshire

Immotion Group, the UK-based immersive virtual reality ("VR") 'Out of Home' entertainment group, is pleased to announce a partnership with major Spanish leisure operator Aspro Parks to place a VR Cinema Pod in the Blue Planet Aquarium, Cheshire as the first site in a potential roll-out of Immotion VR installations.

Aspro Parks is one of the largest European operators of leisure parks and centres with 68 locations across 10 countries including the UK, Spain, France and Germany. Their parks range from aquariums such as Blue Planet to Zoological and Marine Parks, Water Parks and Family Attraction Parks.

 

Beyond the Blue Planet Aquarium installation, and dependent on its success, we are in talks for an installation in the Aspro-operated Bristol Aquarium with a further roll-out to other Aspro operated aquariums with the 'edutainment' slate of content, and leisure centres with Immotion's pure entertainment content, both Cinema Pod-related and multiplayer interactive experiences.

 

Joining the Blue Planet Aquarium in signing deals this week are SeaLife, Paris, and Point Defiance, Tacoma, Washington, USA.

 

Including these new partnerships, the Company has added six new aquarium partner sites (18 new headsets in total) in recent weeks and has in excess of ten more sites in varying stages of completion following its very successful tour of the American and European Zoo and Aquarium shows in New Orleans and Valencia respectively.

 

Rod Findley, Immotion Group Commercial Director said: "I am very excited to be partnering with Aspro Parks for the Blue Planet Aquarium in Cheshire. They are an excellent brand and we feel that this will be a great starting place for a long and fruitful partnership. In many ways, Aspro is the perfect match for us in that they not only want the educational content for aquariums, but also can take advantage of the pure entertainment offerings like our multiplayer experiences and our bespoke roller coaster experiences in their other leisure sites. We are very confident that the ancillary revenue they will generate combined with the positive guest reaction, will prove a huge success for Aspro and for Immotion.  Our relationships with multinational leisure operators like Aspro and Merlin are an important cornerstone for our business and should provide a great opportunity for growth along with the addition of independent aquariums, zoos, museums and science centres worldwide.

 

 

 

Enquiries:

 For further information please visit www.immotion.co.uk, or contact: 

 

Immotion Group	Martin Higginson	Tel: +44 (0) 161 235 8505
WH Ireland Limited (Nomad and Joint Broker)	Adrian Hadden  Darshan Patel	Tel + 44 (0) 207 220 1666
Shard Capital Partners LLP (Joint Broker)	Damon Heath Erik Woolgar	Tel: +44 (0) 20 7186 9900
Alvarium Capital Partners	Alex Davies	Tel: +44 (0) 207 195 1433

 

 

 

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.

 

END

 

 

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 : 2102P

Pressure Technologies PLC

09 October 2019

 

 

 

 

 

 

9 October 2019

 

Pressure Technologies plc

("Pressure Technologies" or the "Group")

 

 

Major Contract Win with EDF Energy for Nitrogen Storage Solutions at UK Nuclear Power Plants

 

Pressure Technologies (AIM: PRES), the specialist engineering group, is pleased to announce that its wholly owned subsidiary, Sheffield based Chesterfield Special Cylinders Limited (CSC), has secured a significant contract in excess of £3 million to supply nitrogen storage solutions to EDF Energy for its UK nuclear power plants at Heysham, Torness and Hartlepool.

 

This design and supply contract comprises ultra large high pressure cylinders manufactured at CSC's Sheffield facility, in an innovative series of nitrogen storage packages to meet EDF Energy's operational requirements.  The modular design is seismically qualified to allow ease of installation at EDF Energy's sites. The cylinder packages will be supplied to EDF Energy by mid-2020.

 

Chris Walters, Chief Executive Officer of Pressure Technologies, commented:

 

"This contract represents the largest order in Chesterfield Special Cylinders' history outside of the defence sector and is extremely important for the Chesterfield team and for the Pressure Technologies Group. Through the provision of these safety-critical systems, we are delighted to be supporting EDF Energy's existing and continued commitment to supply safe, low-carbon electricity to UK homes."

 

CSC is a long-standing key supplier of gas storage solutions to power stations across the UK.

 

 

For further information, please contact:

 

Pressure Technologies plc
Chris Walters, Chief Executive	Tel: 0114 257 3616
Joanna Allen, Chief Financial Officer	[email protected]
N+1 Singer (Nomad and Broker)	Tel: 0207 496 3000
Mark Taylor / Lauren Kettle
IFC Advisory Ltd (Financial PR and IR)	Tel: 0203 934 6630
Graham Herring / Tim Metcalfe / Zach Cohen

 

 

 

COMPANY DESCRIPTION

 

Company description – www.pressuretechnologies.com

With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.

 

The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.

 

Precision Machined Components (PMC) – www.pt-pmc.com

●    Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.

 

Chesterfield Special Cylinders (CSC) – www.chesterfieldcylinders.com 

●    Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany and Chesterfield Special Cylinders Inc. which is based in Houston, USA

 

……………………………………………………………………………………………………….

 

 

 

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 : 2217O

Crimson Tide PLC

01 October 2019

 

1st October 2019

Crimson Tide PLC

("Crimson Tide" or "the Company")

Significant long-term contract win with leading supermarket

 

Crimson Tide (TIDE) announces that it has entered into a significant contract for its mpro5 solution with one of the country's leading retailers. The contracted revenue is for a minimum of £1.4m over the 36-month term. The mpro5 platform will now be used in nearly 4,000 retail locations across the UK and Ireland alone, with international expansion potential. A previous, smaller contract with the client containing hardware had reached its term and is now included on a SaaS only basis within this new contract.

The mpro5 solution has been successfully used over the last 3 years for the purposes of store cleanliness and safety within 400 stores in the UK. Due to the configurable nature of the mpro5 platform, the client has been able to replace a number of internal systems from competitors and consolidate their requirements for Store Cleaning, Security, Catering, Distribution, Food Safety, and Safe & Legal compliance into the single mpro5 offering. An early trial of mpro5 with IOT sensors is currently under way and could add significantly to the revenues achievable with the client in the future.

Barrie Whipp, Executive Chairman commented "Our team has worked tirelessly over the contract term to demonstrate the unique nature of the mpro5 platform. Having gained visibility at C-level with this retailer, we are excited by the international potential for this client in future years. This contract is indicative of our enterprise-class pipeline that we have invested in strategically, and I am pleased that our unrivalled platform capability has given this client a significant return on investment with mpro5."

 

Enquiries:

Crimson Tide plc                                           01892 542444 

Barrie Whipp / Luke Jeffrey

Arden Partners                                              020 7614 5900

John Llewellyn-Lloyd / Dan Gee-Summons

 

For further information on Crimson Tide plc, see the website at: www.crimsontide.co.uk

The information contained within this RNS is considered to be inside information prior to its release.

 

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]om or visit www.rns.com.

 

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RNS Number : 0227O

Solid State PLC

30 September 2019

 

 

Solid State plc

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

$3m US Rail Infrastructure Contract

 

 

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, is pleased to announce an international contract win.

 

The contract, valued at $3m, has been won by the Group's Pacer Optoelectronics business unit, acquired by Solid State in November 2018. The display project, a rail infrastructure programme in the United States, will utilise Pacer's value added capabilities and is expected to be delivered over the next nine months.

 

Commenting on the contract Gary Marsh, Chief Executive of Solid State, said:

 

"This contract is a good example of the success of our acquisition strategy in broadening our international and sector reach.  We have focussed on niche sectors where we can apply our value added engineering capability and where we can sell into increasingly international markets.  The transportation sector has been a specific target and therefore this success is particularly pleasing."

 

For further information please contact:

 

Solid State plc	01527 830 630
Gary Marsh – Chief Executive Peter James – Group Finance Director	[email protected]
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	[email protected]

 

 

 

Notes to Editors:

 

Solid State plc (SOLI) is a value added electronics group supplying industrial and military markets with ruggedised/durable components, assemblies and manufactured units for use in harsh environments.  The Group's mantra is – 'Trusted technology for demanding applications'.

 

Operating through two main divisions: Manufacturing (Steatite) and Value Added Distribution (Solid State Supplies & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic and optoelectronic products.

 

Headquartered in Redditch, Solid State employs over 200 staff across the UK with a branch office in the USA, serving niche markets in oil & gas production, transportation, medical, construction, security, military and field maintenance. 

 

Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition – having made 10 acquisitions.    

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 : 5426N

Immotion Group PLC

25 September 2019

 

 

 

Immotion Group plc

("Immotion Group", "Immotion", the "Company")

 Partnership update

 

Immotion Group, the UK-based immersive 'Out of Home' entertainment group, is pleased to announce agreements for three further installs in its fast growing Aquarium sector.

 

The first of which is with Dubai Aquarium, sited in the largest shopping mall in the World, the Dubai Mall, which boasts over 80 million visitors per annum. Immotion will install an initial four headsets in the Dubai Mall just outside the entrance of the Dubai Aquarium, one of the largest suspended aquariums in the World with over 140 species, including the largest collection of Sand Tiger Sharks in the World.

 

The two additional installs, four headsets each, are in Texas; the first at San Antonio Aquarium, and the second Austin's Aquarium.

 

These new additions will all feature the 'Ocean Explorer' series of experiences, including the latest experience from Immotion; 'Shark Dive' – a live action VR experience where users can get up close with Tiger and Hammerhead Sharks.

 

As noted in our interim statement, we are seeing excellent performance from the aquarium sector, which is currently trading ahead of our overall partner revenues, which in turn are trading ahead of our overall headsets revenues.

 

Martin Higginson, Immotion Group CEO said: "Demand from the aquarium market is really starting to gain traction. We now have over 50 active leads from this sector which gives us real confidence in hitting our EBITDA breakeven figures in Q1 2020. Signing up Dubai Aquarium is another major milestone in the Company's growth story. Not only is this one of the largest aquariums, it is located in the largest shopping mall in the World with over 80 million visitors a year."

 

Enquiries:

 For further information please visit www.immotion.co.uk, or contact: 

 

Immotion Group	Martin Higginson	Tel: +44 (0) 161 235 8505
WH Ireland Limited (Nomad and Joint Broker)	Adrian Hadden  Darshan Patel Matthew Chan	Tel + 44 (0) 207 220 1666
Shard Capital Partners LLP (Joint Broker)	Damon Heath Erik Woolgar	Tel: +44 (0) 20 7186 9900
Alvarium Capital Partners	Alex Davies	Tel: +44 (0) 207 195 1433

 

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.

 

END

 

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 : 1983N

Osirium Technologies PLC

23 September 2019

 

23 September 2019

 

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Substantial contract win with major UK provider of software and IT services

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a significant contract win with a major UK provider of software and IT services to the public sector. The contract represents a substantial expansion by this customer of its investment in Osirium, following an initial order, as announced on 12 February.

 

Under the terms of the contract, Osirium will deliver its full PxM Platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. The 36 month license is for 2,600 devices, in addition to the 250 devices covered by the initial order. Osirium's software will enable this service provider to deliver managed security services to its customers, principally central government organisations and local authoriities in the public sector, delivering rigorous control of access to privileged accounts.

 

David Guyatt, Chief Executive Officer, commented: "Osirium is delighted that, within a 9 month period, this prominent service provider has shown such confidence in the Osirium solution and expanded its base of protected devices more than ten fold.  This is further evidence of the success of our land and expand strategy, as having experienced the benefits of the Osirum PxM solution, they have now taken the decision to roll out our technology to public sector customers served by both of their data centres.

 

"We are very pleased that are they providing security services using not only the classic Privileged Acccess Management functionality but also exploiting Osirium's award-winning Task Automation capabilities, for example on Linux devices, to minimise the risk of security breaches."

 

 

– Ends –

For further information:

Osirium Technologies plc	Tel: +44 (0) 118 324 2444
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 7710 7600
Fred Walsh / Neil Shah
Alma PR	Tel +44 (0) 20 3405 0205

Josh Royston, Hilary Buchanan

 

Notes to Editors:

 

About Osirium

 

Osirium Technologies plc (AIM: OSI.L) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Management ("PAM") software. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

 

Osirium has defined and delivered what the Directors view as the next generation PAM solution.  The team has developed the concept of a Virtual Air Gap to separate users from passwords.  Built on Robotic Automation technology, Osirium's Privileged Task Management module further strengthens Privileged Account security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers.

 

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to 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.

 

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RNS Number : 0212M

Water Intelligence PLC

11 September 2019

 

Water Intelligence plc

Strategic Investment and Partnership

Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Company"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce a strategic investment in and technology licensing partnership with Entertainment AI Plc ("EAI") (the "Strategic Relationship").

The Strategic Relationship announced today enables Water Intelligence to accelerate its commercial strategy with insurance companies and participate in the fast-growing $13 billion market for "Insuretech" products to minimize water-related claims as underscored in the 2018 Annual Report released in May.

EAI uses proprietary artificial intelligence and machine learning technology to enrich YouTube-length video in order to, among other things, enable consumers to purchase products, such as water monitoring devices, from the video. An example is currently being displayed on the Water Intelligence web site at www.waterintelligence.co.uk. Water Intelligence had previously announced this strategic direction in January 2018 through a technology partnership with EAI's subsidiary, Tagasauris, and Flo Technologies (now FloMoen), a Los Angeles-based water monitoring product company.

EAI is being formed by the acquisition of the Entertainment AI group of companies, comprising Entertainment AI, Inc, GTChannel, Inc and Tagasauris, Inc, (the "EAI US Companies") by Blockchain Worldwide plc ("BLOC"), which was announced today. BLOC has also announced a conditional oversubscribed placing and subscription, including the strategic investment from Water Intelligence, to raise gross proceeds of approximately £8.6 million. Subject to, inter alia, BLOC shareholder approval, admission to trading on AIM and completion of the Company's investment is expected to complete on 30 September 2019. At the time of, or prior to, admission BLOC will be renamed Entertainment AI plc.

The Strategic Relationship will have the following components: 

(i)         £415k investment into EAI effective at admission to AIM of EAI;

(ii)        a global, royalty-free license to EAI technology for the field of use of sustainability and home services audiences in respect of water and infrastructure; and

(iii)       rights, including a Board observer and certain information rights, for so long as Water Intelligence holds 2 per cent. or more of EAI's issued share capital.

Sumitomo Corporation of Japan, a global leader in digital media and an investor in water supply companies around the world, will also be a strategic investor and receive a preferred license.  Other investors in the EAI IPO include existing institutional investors in Water Intelligence.

Water Intelligence Chairman Patrick DeSouza is a substantial shareholder and a co-founder of the EAI US Companies and will serve as non-executive Chairman of EAI. Therefore the Strategic Relationship constitutes a related party transaction in accordance with AIM Rule 13. The Group's independent directors, being Michael Reisman, Laura Hills and David Silverstone, consider, having consulted with its nominated adviser, WH Ireland Ltd, that the terms of the Strategic Relationship are fair and reasonable insofar as its shareholders are concerned.

In addition, Laura Hills, Vice Chairman of Water Intelligence, and Akiko Mikumo, Senior Independent Director of Entertainment AI, will lead any discussions relating to possible future related party matters between Water Intelligence and EAI, consulting the relevant company's nominated adviser and obtaining approval from the Independent Directors of each company.

Water Intelligence's interim financial report will be issued later this month and further details of the Strategic Relationship will be detailed in the report.  The Company continues to perform strongly on its multinational growth plan.

Executive Chairman, Dr. Patrick DeSouza remarked:

"Global market demand for complete solutions to water loss from leakage – both services and products – is strong and only growing.  We are well-positioned and continue to deliver on our articulated plan. We believe our strategic partnership with EAI will enable us to scale more rapidly with a complementary e-commerce, go-to-market plan that complements our physical operations across the United States and in the UK, Australia and Canada.  Our technology reinvestment to build our brand profile as an innovation company continues to progress and will be enhanced with the introduction of an owned and operated YouTube site for sustainability issues. We are on a mission to transform the water infrastructure services market around the world and seek to lead the Insuretech movement."

Enquiries:

Water Intelligence plc
Patrick DeSouza, Executive Chairman	Tel: +1 203 654 5426
Adrian Hargrave, VP Corporate Development	+44 (0) 7775 701 838
WH Ireland Limited – NOMAD & Broker	Tel: +44 (0) 207 220 1666
Adrian Hadden
James Sinclair-Ford
Matthew Chan
Dowgate Capital Ltd Stephen Norcross	Tel: +44(0)20 903 7721 +44 (0)7920 599 793
IFC Advisory Limited Graham Herring Miles Nolan Zach Cohen	Tel: +44(0)20 3934 6630

 

 

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 : 7353L

ValiRx PLC

10 September 2019

 

 

 

 

VALIRX PLC

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

 

VAL201 UPDATE

 

"ValiRx announces that in addition to pharmacokinetic and toxicology data, clinical trial results show VAL201 behaves as predicted in reducing prostate cancer progression"

 

London, UK., 10 September 2019: ValiRx Plc (AIM: VAL), the clinical stage biotechnology company, today announces that its lead therapeutic compound, VAL201, has thus far and continues to meet all the published endpoints in its first-in-human study. Following the announced allowance of a substantial amendment in March 2019, the later stages of the trial, where subjects are being given therapeutic and supra-therapeutic concentration of VAL201, continues to demonstrate a safe and well tolerated profile. It should be noted that this is cumulative information and the fact that the compound continues to show a toxicological profile at and above clinical concentration is significant. 

Beyond the fundamental safety and tolerability endpoints for the trial, the study has provided clear pharmacokinetic information about the uptake, distribution, metabolism and elimination of the compound in humans. The data supports and confirms the findings from preclinical and the earliest stages of human studies and in part explains the reduction in prostate cancer progression as measured by PSA – evidence that is supported from tumour imaging (MRI and CT) in subjects.

The effects of the compound on cancer is related to the tumour's exposure to VAL201, and as expected from the underlying mechanism of action, is a complex relationship to the administered dose.  The various amendments to the dosing protocol have allowed this effect to be more fully explored. Further analysis of collected pharmacodynamic samples is progressing and the data is expected to build on this positive outcome to date.  The full data set is currently being reviewed and collated.  Additional data surrounding the possibility of an effect on metastatic tumour lesions is being collated in the few subjects exhibiting such tumours. Such an effect has been seen preclinically and hints are being observed.

The final stages of this first in-human study has provided the information needed to construct a protocol for the late stage trial directed at determining effective dosing regimes for clinical use and will explore the full extent of the compound's utility in clinical practice.

 

This phase I/II trial will be finalised as expected from a regulatory viewpoint while the new VAL201 confirmatory trial is developed and aimed at validating the most effective treatment regime and its particular use in clinical practice. Data relating to the pharmacology, pharmacokinetics and pharmacodynamics will be published as it is collated, verified and submitted.

VAL201 has been developed in collaboration with Cancer Research (CRUK) and is a decapeptide with potential in treating hormone-dependent and hormone-independent prostate cancer, currently a poorly served multi-billion dollar commercial market.

Dr Satu Vanikka, CEO of ValiRx Plc, commented:

 "We are delighted that our Phase I/II trial of VAL201 has met its endpoints very well and that we are now able to use our peptide in demonstrating the efficacy of the VAL201 compound as a therapeutic product that has a large role to play in dealing with what is a nasty set of conditions in a better and more patient friendly way."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

*** ENDS ***

 

For more information, please contact:

 

ValiRx plc	Tel: +44 (0) 20 3008 4416 www.valirx.com
Dr Satu Vainikka, Chief Executive	Tel: +44 (0) 20 3008 4416
Tarquin Edwards, Head of Communications.	Tel: +44 (0) 7879 458 364 [email protected]
Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray / Jo Turner/ Ludovico Lazzaretti	Tel: +44 (0) 20 7213 0880
Novum Securities Limited Colin Rowbury	Tel: +44 (0) 20 7399 9400

 

Notes for Editors

About ValiRx

ValiRx is a biotechnology oncology focused company specialising in developing novel treatments for cancer and associated biomarkers. It aims to make a significant contribution in "precision" medicine and science, namely to engineer a breakthrough into human health and well-being, through the early detection of cancer and its therapeutic intervention.

 

The Company's business model focuses on out-licensing therapeutic candidates early in the development process. By aiming for early-stage value creation, the company reduces risk considerably while increasing the potential for realising value. The group is already in licensing discussions with major players in the oncology field.

 

ValiRx's two classes of drugs in development, which each have the potential for meeting hitherto unmet medical needs by existing methods, have worldwide patent filings and agreed commercial rights.   They originate or derive from World class institutions, such as Cancer Research UK and Imperial College. 

 

Until recently, cancer treatments relied on non-specific agents, such as chemotherapy.  With the development of target-based agents, primed to attack cancer cells only, less toxic and more effective treatments are now possible. New drugs in this group-such as those in ValiRx's pipeline-promise to greatly improve outcomes for cancer patients.

 

The Company listed on the AIM Market of the London Stock Exchange in October 2006 and trades under the ticker symbol: VAL.

 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. 

 

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 : 4341L

EVR Holdings PLC

06 September 2019

 

 

EVR Holdings plc

('EVR' or the 'Company')

 

MelodyVR Successfully Completes Simultaneous TV and VR Broadcast in Partnership With Good Morning America, Marshmello and Kane Brown. 

 

EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, is pleased to announce streaming statistics in connection with MelodyVR's partnership with American Broadcasting Companies, Inc ("ABC") and Good Morning America ("GMA") to deliver a milestone media event on August 30th: a live, immersive broadcast of GMA's Summer Concert Series, featuring Mashmello and Kane Brown live from New York's Central Park.

This first-of-a-kind broadcast, which simultaneously featured across national television and in 360/virtual reality, received over 100,000 live streams via the MelodyVR app alone. The broadcast repeated throughout the United States, in tandem with the airing of GMA in additional timezones, seeing fans access the MelodyVR platform on EST, CST, MST and PST time and throughout all 50 US States. The content was also simulataneously consumed by users in 14 additional countries across the globe.

In the week prior to the event, multiple segments, including live on-air showcases took place on GMA, reaching a live TV audience in excess of 4 million daily viewers. A promotional segment on Melody, was also broadcast on a large number of ABC's 238 affiliate channels across the US, reaching tens of millions of additional US consumers.  The successful event harnessed the combined social media following of Marshmello, Kane Brown and GMA, which was in excess of 62 million and this has extensively increased brand awareness of the MelodyVR platform in the United States and beyond. With the on-demand show now live and accessable on MelodyVR, fans can go back and re-live the performance again and again.

Anthony Matchett, CEO and Executive Chairman of EVR Holdings PLC said:

"The simultaneous broadcast of Marshmello and Kane Brown's performance as part of GMA's summer concert series was a world first for both traditional television broadcast and for MelodyVR. The event was extremely successful and has subsequently exposed MelodyVR to millions of households, spanning all corners of the United States, endorsed by prominent featuring across America's #1 morning TV show. We look forward to working more closely with both ABC and GMA in future."

 

www.melodyvr.com

@melodyvirtual

For further information please contact: EVR Holdings plc Anthony Matchett, Executive Chairman & CEO                                         [email protected]

Arden Partners plc: Nominated Advisor and Sole Broker                          Tel: +44 (0) 20 7614 5900 Corporate Finance: Ciaran Walsh / Ruari McGirr / Ben Cryer Corporate Broking: Simon Johnson Notes to Editors:

Melody VR launched in 2018 with a simple mandate: not to replace the live experience, but to harness the power of virtual reality to get people closer to the music they love. By using VR technology, the founders realized that they could place fans in the crowd or on-stage with their favorite musicians at live events. From epic stadium shows to intimate studio performances, the possibilities are endless; Capacity restrictions are eliminated, music fans can attend otherwise sold-out dates, and the barriers (distance, age, cost, access) that might keep people from the experiencing their chosen artists live are swept away. The result? Artists can reach more fans than ever before with a level of intimacy which has previously never been possible. MelodyVR is the only licensed VR music platform and has the world's largest library of immersive and interactive music experiences from the likes of Post Malone, Blake Shelton, Wiz Khalifa, Kelly Clarkson, Niall Horan, Fall Out Boy, Bebe Rexha, The Chainsmokers and Imagine Dragons. MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), a company that is listed on the AIM market of the London Stock Exchange under the ticker EVRH.L.

For more information on Melody VR, please visit: www.melodyvr.com

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

 

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