

Announcements.

Looking to discover a little more about our client companies?
A selection of news and recent announcements can be found here.
Crimson Tide PLC : Crimson Tide selected by large UK retailer
RNS Number : 3920E Crimson Tide PLC 18 July 2016 Crimson Tide PLC ("Crimson Tide" or the 'Company') Crimson Tide selected by large UK retailer Crimson Tide (TIDE), the AIM-quoted provider of mpro5 – Smart Mobility as a Service, has won a contract with a large……
RNS Number : 3920E
Crimson Tide PLC
18 July 2016
Crimson Tide PLC
("Crimson Tide" or the 'Company')
Crimson Tide selected by large UK retailer
Crimson Tide (TIDE), the AIM-quoted provider of mpro5 – Smart Mobility as a Service, has won a contract with a large UK retailer whereby mpro5 will be used to monitor store safety, cleanliness and security. The initial contract value for a pilot period is approximately £200,000. Subject to a successful pilot period, the retailer will deploy mpro5 for a 48-month term with a considerably higher value.
The roll-out involves implementing the mobility platform to enable the scheduling of regular cleaning, reactive cleaning and incident capture as well as providing dynamic audits and bespoke management dashboards. Jobs are scheduled via the mpro5 website, and are then pushed to a mobile device. Remote users monitor business workflows and capture pertinent information which is then automatically synchronised with the cloud to the central repository. Real time audit dashboards and reports are securely shared to relevant management.
mpro5 provides barcode scanning and cloud-based synchronisation services via Microsoft Azure, renowned for its reliability, scalability and security. This enables real-time information upload, quick verifications and multi-way data request transmittals.
This customer stands to benefit from improvements in reporting and visibility, quality auditing, health and safety, financial savings, consumer satisfaction and overall efficiency and productivity. mpro5 provides additional protection against any spurious 'slip-and-trip' claims in large, multi-site retail environments.
Barrie Whipp, Executive Chairman of Crimson Tide, said: "Our team has worked diligently in providing a solid business case to our client, which has resulted in this success. I am delighted we are able to assist this household-name customer in transforming its business and ultimately providing true ROI using mpro5."
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For further information:
Crimson Tide plc
Barrie Whipp 01892 542 444
Steve Goodwin
WH Ireland
James Joyce /James Bavister 020 7220 1666
Allerton Communications
Peter Curtain 020 3137 2500
peter.curtain@allertoncomms.co.uk
Notes to editors
Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 – Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.
Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world-class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.
mpro5 is a platform-agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.
mpro5 not only helps people improve their day-to-day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseTransense Technlgy : Licence Agreement with GE
RNS Number : 3908E Transense Technologies PLC 18 July 2016 18 July 2016 Transense Technologies Plc ("Transense" or "the Company") Licence Agreement with GE Transense Technologies Plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that it has……
RNS Number : 3908E
Transense Technologies PLC
18 July 2016
18 July 2016
Transense Technologies Plc
("Transense" or "the Company")
Licence Agreement with GE
Transense Technologies Plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that it has signed a licencing agreement (the "Agreement") with General Electric Company ("GE") for the use of Transense's patented, wireless, passive Surface Acoustic Wave (SAW) technology in certain specific torque applications.
The Agreement, which is non-exclusive, provides for a non-refundable payment to Transense of US$500,000 on signing. GE will pay a further non-refundable payment to Transense of US$250,000, subject to the Company's SAW technology passing various tests to be conducted by GE. Should GE not make this further payment by 30 June 2017, the licence will terminate. In addition, GE will pay a perpetual sales royalty to the Company in respect of each unit using the technology.
Graham Storey, CEO of Transense Technologies, said: "The signing of this licensing agreement with GE is a very significant development for Transense. Having worked closely with GE since the signing of the memorandum of understanding a year ago, we are very pleased that they have recognised the value of incorporating our SAW technology in certain of their products and are making this commitment. As the licence to GE is both non-exclusive and is valid for only a relatively narrow field of use it clearly benchmarks the overall value of the Company's IP portfolio. We continue to work with other potential partners to deploy our SAW technology in the commercial environment."
For further information please visit www.transense.co.uk or contact:
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Transense Technologies Plc Graham Storey, Chief Executive
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Tel: +44 (0) 1869 238380
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finnCap Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Alice Lane (Corporate Broking)
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Tel: +44 (0) 20 7220 0500
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IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong
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Tel: +44 (0) 20 3053 8671
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About GE
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store" through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com.
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense.
Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT).
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseCrimson Tide PLC : Pharmaceutical Verification Pilot
RNS Number : 1316E Crimson Tide PLC 14 July 2016 Crimson Tide PLC ("Crimson Tide" or the 'Company') Crimson Tide selected for pharmaceutical verification pilot Crimson Tide (TIDE), the AIM-quoted provider of mpro5 – Smart Mobility as a Service, has won a contract for the initial……
RNS Number : 1316E
Crimson Tide PLC
14 July 2016
Crimson Tide PLC
("Crimson Tide" or the 'Company')
Crimson Tide selected for pharmaceutical verification pilot
Crimson Tide (TIDE), the AIM-quoted provider of mpro5 – Smart Mobility as a Service, has won a contract for the initial stage of a significant healthcare pilot project in Asia for the serialisation and verification of pharmaceutical products. The pilot project is being implemented under the auspices of the Asia Pacific Economic Cooperation (APEC) Life Sciences Innovation Forum (LSIF), Committee on Trade and Investment (CTI) and Business Advisory Council (ABAC).
Selected by a consortium of pharma organisations, the technology platform for the demonstration phase of the pilot project will leverage mpro5 to scan pharmaceutical products, generating an anonymous verification request to the product's manufacturer. The pilot project seeks to demonstrate for the first time the ability to verify serialised pharmaceutical products from various scan locations to source data stored in distributed databases using global data standards. The pilot also seeks to promote harmonisation by demonstrating the ability to use a single or reproducible data gateway in multiple countries.
mpro5 provides barcode scanning and cloud-based synchronisation services via Microsoft Azure, renowned for its reliability, scalability and security. This enables real-time information upload, quick verifications and multi-way data request transmittals.
Barrie Whipp, Executive Chairman of Crimson Tide, said: "The global impact of drug serialisation and verification cannot be underestimated. I am delighted that we have been chosen to help in this pilot project in Asia, as it opens up significant opportunities in the pharma world."
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For further information:
Crimson Tide plc
Barrie Whipp 01892 542 444
Steve Goodwin
WH Ireland
James Joyce /James Bavister 020 7220 1666
Allerton Communications
Peter Curtain 020 3137 2500
peter.curtain@allertoncomms.co.uk
Notes to editors
Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 – Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.
Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world-class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.
mpro5 is a platform-agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.
mpro5 not only helps people improve their day-to-day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseVela Technologies : Non Regulatory: Proactive Investors interview
RNS Number : 9675D Vela Technologies PLC 12 July 2016 12 July 2016 Vela Technologies plc ("Vela" or the "Company") Proactive interview The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to provide an opportunity to……
RNS Number : 9675D
Vela Technologies PLC
12 July 2016
12 July 2016
Vela Technologies plc
("Vela" or the "Company")
Proactive interview
The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to provide an opportunity to watch a video interview Proactive Investors recently conducted with Antony Laiker. The video interview, along with an accompany written editorial, can be accessed on Proactive Investor's website at the following address:
For further information, please contact:
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This information is provided by RNS
The company news service from the London Stock Exchange
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CloseMidatech Pharma PLC : Midatech receives grant funding
RNS Number : 5179D Midatech Pharma PLC 07 July 2016 Midatech Pharma PLC ("Midatech" or the "Company") Grant funding received to explore Midatech's gold nanoparticle technology in immunotherapy Midatech Pharma (AIM: MTPH; Nasdaq: MTP), the international specialty pharmaceutical company focused on commercialising and……
RNS Number : 5179D
Midatech Pharma PLC
07 July 2016
Midatech Pharma PLC
("Midatech" or the "Company")
Grant funding received to explore Midatech's gold nanoparticle technology in immunotherapy
Midatech Pharma (AIM: MTPH; Nasdaq: MTP), the international specialty pharmaceutical company focused on commercialising and developing products in oncology, immunology and other therapeutic areas, today announces that its research collaboration with Cardiff University in autoimmune therapies has received a two-year funding grant from JDRF (Juvenile Diabetes Research Foundation), for a project entitled "Gold nanoparticles coupled with selective PAMP ligands to deliver antigen specific immunotherapy" in diabetes, the commonest autoimmune disease worldwide.
The project, using Midatech's platform gold nanoparticle technology, will focus on developing tolerogenic mechanisms that dampen unwanted autoimmune responses to normal healthy cells in the pancreas, thus preserving the ability of these cells to continue producing insulin. It will be led by Professor Colin Dayan, Professor of Clinical Diabetes and Metabolism, Cardiff University, and is due to start in October 2016. The total value of the grant is $477,437, of which $150,000 is due to Midatech.
Commenting on the grant, Dr Jim Phillips, CEO of Midatech said: "The application of gold nanoparticle technology in immunotherapy is developing rapidly and presents a significant opportunity to make a difference in the treatment of autoimmune diseases such diabetes, as well as our increasing focus on oncology indications including of brain, liver, pancreatic and ovarian cancer. The interest in applying Midatech's proprietary technology across a broad range of therapies demonstrates the potential of the platform and for the Group's pipeline."
Professor Colin Dayan, leading the project at Cardiff University, added: "Cardiff University looks forward to this continued collaboration using Midatech's gold nanoparticle (GNP) technology which has shown great potential to preferentially target specific immune cells, distribute rapidly to lymphoid tissues around the body, and modify the body's immune responses. This will be an important project for autoimmune diseases generally and diabetes specifically, and we are looking forward to developing this platform combination of Midatech GNP technology, and antigen-specific immunotherapy using a wide variety of tolerogenic small partner molecules."
– ENDS –
For more information, please contact:
Midatech Pharma PLC
Jim Phillips, CEO
Tel: +44 (0)1235 888300
www.midatechpharma.com
Panmure Gordon (UK) Limited (Nominated Adviser and Broker)
Corporate Finance
Freddy Crossley / Atholl Tweedie / Duncan Monteith
Corporate Broking
Tom Salvesen
Tel: +44 (0)20 7886 2500
RBC Europe Limited (Joint Broker)
Paul Tomasic / Rupert Walford / Thomas Stockman / Laura White
Tel: +44 (0)207 653 4000
Consilium Strategic Communications (Financial PR)
Mary Jane Elliott / Ivar Milligan / Matthew Neal / Hendrik Thys
Tel: +44 (0)20 3709 5700
Email: midatech@consilium-comms.com
Westwicke Partners (US Investor Relations)
Chris Brinzey
Tel: +1 339 970 2843
Email: chris.brinzey@westwicke.com
Notes for Editors
About Midatech Pharma PLC
Midatech is an international specialty pharmaceutical company focused on oncology and other therapeutic areas with a commercial platform and four marketed products in the US. Midatech's strategy is to develop products in-house in oncology and with partners in other indications, and to accelerate growth organically and through strategic acquisitions. The Company's R&D activities are supported by two breakthrough drug delivery technologies. The Group, listed on AIM: MTPH and Nasdaq: MTP, employs c.100 staff in four countries. For further company information see: www.midatechpharma.com
Forward-Looking Statement
Certain statements in this press release may constitute "forward-looking statements" within the meaning of legislation in the United Kingdom and/or United States. Such forward-looking statements include, but are not limited to, statements regarding the ability of Midatech to successfully test, manufacture, produce or commercialize products for diabetes or other conditions using the nanoparticle drug delivery platform, and the ability for products in development to achieve positive clinical results, and the ability to meet or achieve timelines associated with pre-clinical studies, clinical trials or regulatory submissions. Any forward-looking statements are based on currently available competitive, financial and economic data together with management's views and assumptions regarding future events and business performance as of the time the statements are made and are subject to risks and uncertainties. We wish to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.
Reference should be made to those documents that Midatech shall file from time to time or announcements that may be made by Midatech in accordance with the London Stock Exchange AIM Rules for Companies ("AIM Rules"), the Disclosure and Transparency Rules ("DTRs") and the rules and regulations promulgated by the US Securities and Exchange Commission, which contains and identifies other important factors that could cause actual results to differ materially from those contained in any projections or forward-looking statements. These forward-looking statements speak only as of the date of this announcement. All subsequent written and oral forward-looking statements by or concerning Midatech are expressly qualified in their entirety by the cautionary statements above. Except as may be required under the AIM Rules or the DTRs or by relevant law in the United Kingdom or the United States, Midatech does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise arising.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseObtala Resources Ltd : Forestry Update
RNS Number : 3425D Obtala Resources Limited 06 July 2016 06 July 2016 Obtala Resources Limited ("Obtala", the "Group" or the "Company") (AIM: OBT) Forestry Update Obtala Resources Limited (AIM:OBT), the African focused agricultural and forestry company, announces today that it has received full payment of……
RNS Number : 3425D
Obtala Resources Limited
06 July 2016
06 July 2016
Obtala Resources Limited
("Obtala", the "Group" or the "Company")
(AIM: OBT)
Forestry Update
Obtala Resources Limited (AIM:OBT), the African focused agricultural and forestry company, announces today that it has received full payment of US$500,000 from two investors, one of whom being The Chairman, as per the investment agreement announced on the 30 June 2016.
The investment proceeds will be used to further develop production capabilities within the Forestry division by building additional drying units and investing in other operating machinery.
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Obtala Resources Miles Pelham – Chairman |
+44 (0)20 7099 194 |
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ZAI Corporate Finance Limited (Nomad) Ray Zimmerman/Peter Trevelyan-Clark/Jamie Spotswood |
+44 (0)20 7060 2220 |
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Brandon Hill Capital (Broker) Jonathan Evans |
+44 (0)20 3463 5000 |
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseLightwaveRF PLC : Additional distributor
RNS Number : 0274D LightwaveRF PLC 04 July 2016 4 July 2016 LightwaveRF plc (AIM: LWRF) Additional distributor LightwaveRF plc ("LightwaveRF" or the "Company") is the Internet of Things ("IOT") provider of the LightwaveRF platform and connected devices enabling domestic and commercial users to remotely monitor and……
RNS Number : 0274D
LightwaveRF PLC
04 July 2016
4 July 2016
LightwaveRF plc
(AIM: LWRF)
Additional distributor
LightwaveRF plc ("LightwaveRF" or the "Company") is the Internet of Things ("IOT") provider of the LightwaveRF platform and connected devices enabling domestic and commercial users to remotely monitor and control light, heat, power and security by smartphone, tablet or PC. The Company is pleased to announce that it has entered an agreement with an additional UK distributor, ERA Home Security Ltd ("ERA").
Under the terms of the agreement ERA will become the LightwaveRF distributor into key DIY retail accounts in the UK including Kingfisher and Maplin. ERA, which is part of Tyman Plc, recently acquired longstanding LightwaveRF customer Response Electronics who will play an active role in management of LightwaveRF's high street retailers.
LightwaveRF will also integrate the Response Electronics' wireless house alarms on to its platform as well as future ERA security systems. ERA have the leading share of the UK window and door component market and will work with LightwaveRF to commercialise the previously announced, LightwaveRF patent applied for, Smart Window system.
The signing of the agreement has been sealed with initial agreed orders of approximately £250,000.
Commenting Mike Lord, CEO of LightwaveRF, said: "This is a significant building block in both our channels to market and technology partnerships. ERA is a large and respected company that will add significantly to the retail reach of the LightwaveRF brand. Megaman, our current distributor, will continue to focus on supplying the electrical wholesale market".
Will Butler, ERA's Marketing and Innovation Director added: "The agreement with LightwaveRF differentiates the ERA product offering and strengthens our presence with OEM's, fabricators, retailers, builder's merchants, house builders and homeowners.
"The broadening of our product offer with the LightwaveRF Smart Home range supports the recent Response acquisition and will further accelerate the development of our wireless alarms, electronic access and connected home capabilities".
For further information:
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LightwaveRF plc |
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Mike Lord, CEO Kevin Edwards, CFO |
+44 (0) 121 250 3625 |
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Mike Coe/Ed Allsopp (Corporate Finance) |
+44 (0) 117 945 3470 |
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Jasper Berry (Institutional Sales) |
+44 (0) 20 7220 1666 |
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This information is provided by RNS
The company news service from the London Stock Exchange
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CloseTrakm8 Holdings PLC : Contract Win
RNS Number : 0653D Trakm8 Holdings PLC 04 July 2016 4th July 2016 TRAKM8 HOLDINGS PLC ("Trakm8" or the "Group") Allianz Awards Trakm8 Telematics Contracts Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce it has been awarded two……
RNS Number : 0653D
Trakm8 Holdings PLC
04 July 2016
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4th July 2016 |
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Allianz Awards Trakm8 Telematics Contracts
Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce it has been awarded two initial contracts by Allianz, the global insurance company, to supply devices with uniquely developed software to Allianz's Global Telematics business.
The initial supply contract comes with a launch order of 5,000 devices to start the pipe filling for Allianz Insurance telematics in China.
Trakm8 will provide the latest generation 5 T10 Micro self-fit telematics device, which initially will be manufactured in the Group's UK manufacturing facility. It is anticipated that manufacturing in Asia will take place as the volumes increase.
Trakm8, under a separate contract, will also develop specific software to meet the requirements of Allianz.
John Watkins, Executive Chairman of Trakm8 commented:
"We are delighted to add Allianz as a customer for Trakm8's insurance telematics solutions. We have been providing telematics to insurance companies for just over two years and Allianz is the first major customer for our next generation T10 Micro product. These contracts provide additional visibility for our expectations for the current financial year and beyond."
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For further information please contact:
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Trakm8 Holdings plc |
+44 (0) 174 785 8444 |
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John Watkins, Executive Chairman |
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James Hedges, Finance Director |
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finnCap (Nomad and broker) |
+44 (0) 20 7220 0500 |
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Ed Frisby / Simon Hicks – corporate finance |
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Joanna Scott – corporate broking |
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MHP Communications |
+44 (0) 20 3128 8100 |
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Reg Hoare |
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Jade Neal |
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About Trakm8
Trakm8 is a UK based Big Data company utilising telematics as its primary enabler. Through IP owned technology, over two billion miles worth of data is collected annually through its fleet management solutions to create and fine tune algorithms used to score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiencies of customers' vehicles.
With its headquarters in Dorset and a manufacturing facility in the West Midlands, the Group supplies a number of well-known customers in the fleet management and insurance sectors across the UK and further afield including customers such as the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.
The Group's portfolio offers complete telematics solutions, which since the acquisition of the business and assets of DCS Systems, includes dashboard cameras that enable customers to record driving incidents and mitigate the risk from "crash to cash" accidents. This is complemented through a comprehensive hardware range, which includes a self-install unit that is one of the smallest available on the global market.
Recently, the Group acquired Route Monkey, significantly enhancing the Group's logistics solution which offers both route scheduling and optimisation, including routing for electric vehicles.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
This information is provided by RNS
The company news service from the London Stock Exchange
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CNTUORSRNSABRAR
CloseEU Supply PLC : Business Alert Sales & Contract wins
RNS Number : 8811C EU Supply PLC 01 July 2016 1 July 2016 EU Supply plc ("EU Supply", the "Company" or the "Group") Business Alert Sales & Contract wins EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that revenues from the Group's……
RNS Number : 8811C
EU Supply PLC
01 July 2016
1 July 2016
EU Supply plc
("EU Supply", the "Company" or the "Group")
Business Alert Sales & Contract wins
EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that revenues from the Group's Business Alert services in the year to date now exceed the total reported in the year ended 31 December 2015.
In addition, EU Supply has been awarded contracts for integrations and enhancements of its CTM™ platform from existing customers in the Nordic region. The largest of these contracts is worth around £70k with most revenues expected to be recognised in this year.
The Company has also received an intention to award for a smaller contract by the Norwegian Directorate for Children, Youth and Family Affairs as well as a new smaller order in Denmark increasing the Company's foothold in Norway and Denmark respectively.
FURTHER ENQUIRIES
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A copy of this announcement is available at www.eu-supply.com.
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.
Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.
The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.
This information is provided by RNS
The company news service from the London Stock Exchange
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MSCEAKKEDEAKEFF
CloseChamberlin PLC : Promoted to Category "A" supplier by IHI
RNS Number : 5410C Chamberlin PLC 29 June 2016 29 June 2016 AIM: CMH CHAMBERLIN plc ("Chamberlin" or "the Company") Wins "Most Improved Supplier" Award at IHI Charging Systems International Conference Chamberlin, the specialist castings and engineering group, is pleased to announce that its flagship……
RNS Number : 5410C
Chamberlin PLC
29 June 2016
29 June 2016
AIM: CMH
CHAMBERLIN plc
("Chamberlin" or "the Company")
Wins
"Most Improved Supplier" Award
at
IHI Charging Systems International Conference
Chamberlin, the specialist castings and engineering group, is pleased to announce that its flagship foundry at Walsall was awarded "Most Improved Supplier" at a recent supplier conference held in Germany by IHI Charging Systems International, the provider of charging systems in the European turbocharger sector.
The award recognised Chamberlin's promotion to Category "A" supplier and makes the Company one of only two suppliers to IHI Europe Ltd ("IHI Europe") to hold this top supplier status. The re-categorisation is significant because it means that Chamberlin will now be automatically included in quoting for all future bearing housing opportunities in addition to supporting IHI Europe's technical requirements for the foreseeable future.
Currently, Chamberlin's Walsall operations supply over 1.6m parts to IHI Europe, worth approximately £7m per annum. The level of enquiries from IHI Europe has been increasing steadily as the foundry has improved its performance and now stands at an all-time high.
Kevin Nolan, Chief Executive of Chamberlin, commenting on the award said:
"We are delighted to receive this award from one of our major customers, IHI Europe. Our flagship foundry at Walsall has successfully completed a period of significant transition as we have upgraded and improved processes. Walsall's promotion to Category "A" supplier to IHI Europe is significant, making the foundry one of only two suppliers to hold this top status. It also open up new opportunities, with Walsall now being automatically eligible for tending on all future bearing housing opportunities.
Our recent initiative to develop Walsall's machining capability will support the foundry's ongoing growth and we look forward to building our existing strong relationship with IHI Europe."
Enquiries:
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Chamberlin plc (www.chamberlin.co.uk) |
T: 01922 707100 |
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Kevin Nolan, Chief Executive |
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David Roberts, Finance Director |
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Panmure Gordon (UK) Limited |
T: 020 7886 2500 |
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(Nominated Adviser and Broker) |
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Adam James, Peter Steel |
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KTZ Communications |
T: 020 3178 6378 |
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Katie Tzouliadis, Viktoria Langley, Emma Pearson |
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This information is provided by RNS
The company news service from the London Stock Exchange
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Neville Registrars Limited, Neville House, Steelpark Road, Halesowen, B62 8HD
Tel: 0121 585 1131
Email: info@nevilleregistrars.co.uk

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