

Announcements.

Looking to discover a little more about our client companies?
A selection of news and recent announcements can be found here.
APC Tech Group PLC : Launch of Internet of Things (IoT) business unit
RNS Number : 5148A APC Technology Group PLC 08 June 2016 8 June 2016 APC Technology Group PLC ("APC" or the "Group") Launch of Internet of Things (IoT) business unit APC Technology Group PLC (AIM:APC), the provider of technologies and services to improve organisational sustainability and……
RNS Number : 5148A
APC Technology Group PLC
08 June 2016
8 June 2016
APC Technology Group PLC
("APC" or the "Group")
Launch of Internet of Things (IoT) business unit
APC Technology Group PLC (AIM:APC), the provider of technologies and services to improve organisational sustainability and provider of specialist electronic components, has launched APC Smartwave to consolidate its existing comprehensive range of Internet of Things (IoT) products under one banner to capitalise on the huge potential of the IoT marketplace. This is a natural extension of the Advanced Power Components offering, providing products and technologies that improve connectivity and help increase operational performance for customers.
APC Smartwave will provide a combined IoT and Cleantech offering, with products including sensors, display products, computing solutions, wireless products, LED components and energy harvesting and storage technologies. It will operate as part of the Advanced Power Components division and has already established on-going relationships with leading IoT component suppliers including Advantech, Adeunis, Libelium and Zentri. APC Smartwave offers flexible and scalable IoT solutions backed by engineer-to-engineer expertise and technical support
Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:
"Internet of Things technology is transforming the way we live and work. By connecting everyday objects and enabling them to exchange data, the opportunity for improved efficiencies and cost savings is vast.
"We have already made encouraging progress in this space despite the market being in its relative infancy, and with the number of connected devices set to more than treble by 20201, we expect demand for Smartwave's IoT products to continue to grow.
"I am particularly pleased that this initiative is being delivered by existing resources and is as a result of greater focus on the products and solutions that we already have around the Group rather than through the addition of more overhead or investment."
1 Gartner
Enquiries:
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APC Technology Group PLC |
01634 290 588 |
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Leonard Seelig, Chairman Richard Hodgson, Chief Executive
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www.apc-plc.co.uk |
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Cantor Fitzgerald Europe Limited (Nominated Advisor and Broker) |
020 7894 7000 |
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Andrew Craig / Richard Salmond
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Redleaf Communications (Financial PR) |
020 7382 4730 |
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Rebecca Sanders-Hewett / David Ison / Susie Hudson |
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This information is provided by RNS
The company news service from the London Stock Exchange
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CloseBeowulf Mining PLC : ?tvidaberg nr1 Swedish Exploration Licence Awarded
RNS Number : 9666Z Beowulf Mining PLC 02 June 2016 2 June 2016 Beowulf Mining plc ("Beowulf" or the "Company") Åtvidaberg nr 1 Swedish Exploration Licence Awarded Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development Company focused on the Kallak magnetite iron ore project……
RNS Number : 9666Z
Beowulf Mining PLC
02 June 2016
2 June 2016
Beowulf Mining plc
("Beowulf" or the "Company")
Åtvidaberg nr 1 Swedish Exploration Licence Awarded
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development Company focused on the Kallak magnetite iron ore project in northern Sweden and its graphite portfolio in Finland, is pleased to announce that the Mining Inspectorate of Sweden has awarded the Company an Exploration Licence for Åtvidaberg nr 1, with the Company focusing on the prospect of polymetallic discoveries.
Overview
· The licence area covers 225 square kilometres ("km2") and is located in the Bergslagen area, southern Sweden. The licence is valid for 3 years from the 30 May 2016.
· Bergslagen is one of Europe's oldest mining districts and yielded a substantial portion of Sweden's mineral wealth in the 1800-1900s, with a number of large mines and hundreds of smaller mines producing copper, zinc, lead, gold, silver and iron ore. Current operating mines in the area include Boliden's Garpenberg and Lundin Mining's Zinkgruvan.
· Most of southern Bergslagen has seen little modern exploration, yet it hosts Bersbo, one of Sweden's largest early copper mines, and Zinkgruvan, Sweden's most important zinc mine.
· Other than at Zinkgruvan, exploration activity in Bergslagen has predominantly focused on finding new outcropping ore bodies. Some historic mining areas have not been mapped here since the early 1900s.
· The ore types that Beowulf is exploring for are amenable to modern exploration methods, and the Company hopes to build a detailed picture of what lies at shallow depth. The southern Bergslagen district comprises strong potential for the types of Volcanic Massive Sulphide ("VMS") deposits typical to the area, namely exhalative style, exemplified by the nearby Zinkgruvan mine, and replacement-reaction style, exemplified by the Falun mine.
· Beowulf has created a Geographic Information System ("GIS") Database, capturing significant historical data for the area. Beowulf has also established an expert team who are familiar with the area, geological setting, and style of deposit we are exploring for.
Kurt Budge, CEO, commented:
"We are delighted to have been awarded an Exploration Licence for Åtvidaberg nr 1, maintaining our Nordic focus, while adding some commodity diversification to our asset base.
"We are reaffirming our commitment to doing business in Sweden, re-building our exploration activities with such an exciting prospect in the country. It's often said that the best place to explore is next to a producing mine, and that is the potential offered by Åtvidaberg, benefited also by its location in an established mining jurisdiction, with access to infrastructure and a highly skilled workforce.
"With both our graphite portfolio in Finland and polymetallic focus with Åtvidaberg, we are focused on 'intelligent exploration'. This includes managing our costs, understanding all the historic data that is available, efficiently committing resources to fieldwork to develop our knowledge base, to eventually define the best possible targets for drilling.
"The Company already has personnel in the field conducting an initial 'brainstorming' assessment of priority targets, and an off-site expert team is analysing various aspects of the GIS database. The findings of these activities will inform our work for a second field programme later this summer.
"The board and I look forward to updating the market in due course on our progress."
Please use the following link to hear an interview with Kurt Budge, CEO:
http://www.brrmedia.co.uk/broadcasts-embed/574f139b4c64e59e61dc67de/event/?popup=true
Competent Person Review
The information in this announcement has been reviewed by Mr. Rasmus Blomqvist, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy.
Mr. Rasmus Blomqvist has sufficient experience, that is relevant to the style of mineralisation and type of deposit taken into consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves"
Mr. Rasmus Blomqvist has conducted a desktop review of source documents and data which underpins the technical statements disclosed herein and approves the disclosure of technical information in the form and context in which it appears in this announcement, in his capacity as a Competent Person, as required under the AIM rules. It should be noted that the technical disclosure herein, for which the Competent Person takes responsibility, is based on desk-top review of historical documents only, and no data verification works or project inspections have been carried out by the Competent Person at this time.
Mr. Rasmus Blomqvist is a full-time employee of Oy Fennoscandian Resources AB, a 100% owned subsidiary of Beowulf.
Enquiries:
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Beowulf Mining plc |
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Kurt Budge, Chief Executive Officer |
Tel: +44 (0) 20 3771 6993 |
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Cantor Fitzgerald Europe (Nominated Advisor & Joint Broker) |
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Stewart Dickson / Phil Davies / Carrie Drummond |
Tel: +44 (0) 20 7894 7000 |
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Blytheweigh |
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Tim Blythe / Megan Ray |
Tel: +44 (0) 20 7138 3204 |
Cautionary Statement
Statements and assumptions made in this document with respect to the Company's current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of Beowulf. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where Beowulf operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) Beowulf's continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards iron ore. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. Beowulf assumes no unconditional obligation to immediately update any such statements and/or forecasts.
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseLightwaveRF PLC : Nest Integration
RNS Number : 9513Z LightwaveRF PLC 02 June 2016 2 June 2016 LightwaveRF plc (AIM: LWRF) Works with Nest 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……
RNS Number : 9513Z
LightwaveRF PLC
02 June 2016
2 June 2016
LightwaveRF plc
(AIM: LWRF)
Works with Nest
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 the first phase of its Works with Nest integration.
Following development of the LightwaveRF platform, the Company is now interfacing with other third party IoT products. This approach has been reinforced by the recent launch of several IFTTT channels.
LightwaveRF now works with Nest to synchronize Home and Away settings to the LightwaveRF Android app. Users who control Home and Away from their LightwaveRF Android app will be able to automatically switch Nest Home and Away status with the LightwaveRF system.
Commenting Mike Lord, CEO of LightwaveRF, said: "We are excited about the additional flexibility this connection provides to Nest and LightwaveRF customers".
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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WH Ireland Limited |
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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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CloseW.H. Ireland Group : Execution of Outsourcing Contract
RNS Number : 9958Z W.H. Ireland Group PLC 02 June 2016 WH Ireland Group Plc ("WHI" or the "Company") Execution of Outsourcing Contract The Company confirms today that it has executed a seven year agreement with SEI Investments (Europe) Ltd to outsource its Private Wealth Management back office operations,……
RNS Number : 9958Z
W.H. Ireland Group PLC
02 June 2016
WH Ireland Group Plc
("WHI" or the "Company")
Execution of Outsourcing Contract
The Company confirms today that it has executed a seven year agreement with SEI Investments (Europe) Ltd to outsource its Private Wealth Management back office operations, currently performed out of the Company's Manchester office. As a consequence of this agreement, the Company, in due course, will be moving to a "Model B" arrangement with SEI's Wealth Platform, supported by a new internal middle office function. It is anticipated that the middle office function should be in place by the second quarter of 2017. The Company's Manchester Wealth Management and Wealth Planning presence will be unaffected by this change.
Richard Killingbeck stated "This arrangement is of significant importance to the ongoing process of change at WH Ireland. By partnering with SEI and by moving our clients onto their Wealth Management platform, we will be able to make a quantum leap in client reporting, IT functionality and regulatory robustness. We also believe that this will be of benefit to all of our clients and forms a major aspect of WH Ireland Private Wealth Management's progression to a primarily fee paying business model."
This announcement forms part of the ongoing change process within WH Ireland. The Board of WH Ireland expect this decision to help drive internal efficiencies within the Wealth Management Division, the full impact of which will be felt in the year 2018.
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Richard Killingbeck, Chief Executive Officer +44(0) 20 7220 1666
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SPARK Advisory Partners Limited |
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Mark Brady/Miriam Greenwood |
+44(0) 20 3368 3551 |
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Novella |
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Tim Robertson |
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This information is provided by RNS
The company news service from the London Stock Exchange
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ClosePennant Int. Group : New Contract Awards worth in excess of ?13 million
RNS Number : 8377Z Pennant International Group PLC 01 June 2016 1 June 2016 Pennant International Group plc: Major New Contracts worth in excess of £13 million; Two Middle-Eastern Training Contracts secured with potential to supply significant additional support; Pennant International Group plc, ("Pennant"……
RNS Number : 8377Z
Pennant International Group PLC
01 June 2016
1 June 2016
Pennant International Group plc: Major New Contracts worth in excess of £13 million;
Two Middle-Eastern Training Contracts secured with potential to supply significant additional support;
Pennant International Group plc, ("Pennant" or "the Group"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government departments, is delighted to announce that its wholly owned subsidiary, Pennant Training Systems Limited, has signed a major new contract and has received confirmation of the award of another and has been instructed to commence work. The contracts are being undertaken for two Middle Eastern customers and have an aggregate value of over £13 million.
The contracts, one of which has been anticipated for some time, are both for the supply of a range of equipment, hardware and software, and maintenance support to aeronautical engineering training at training colleges in the Middle East. The equipment to be supplied includes Part Task Trainers to develop basic hand skills, mechanical and avionic systems for practicing maintenance activities and a virtual reality procedure trainer for aircraft marshalling and ground handling activities.
The contracts are expected to run through to the end of 2017. Both customers are adopting a phased approach to installation and integration, whereby incremental increases to technical capabilities and training capacity will be implemented, providing for the planned growth of both colleges, which are in turn expected to provide Pennant with additional significant contract opportunities.
Commenting on the new awards, Chris Snook, Pennant CEO, said: "These are two very significant contracts for Pennant. Not only do they further enhance our reputation as one of the industry's foremost providers of leading edge equipment, software and support to aeronautical engineering training, they also provide a huge boost to our order book through 2016-17."
Mr Snook added: "These new orders provide the Board with a good degree of confidence that revenues and earnings for the current financial year ending 31 December 2016 are likely to significantly exceed current market expectations."
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Enquiries: |
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Pennant International Group plc |
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Phil Walker, CFO |
+44 (0) 1452 714 914 |
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Chris Snook, CEO |
+44 (0) 1452 714 914 |
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WH Ireland Limited |
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Mike Coe |
+44 (0) 117 945 3470 |
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Walbrook PR |
www.walbrookpr.com
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Paul Vann / Tom Cooper |
+44 (0) 117 985 8989 Mob: 07768 807631 |
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseProton Power Systems : Seven year framework agreement
RNS Number : 5869Z Proton Power Systems PLC 31 May 2016 Proton Power Systems plc ("Proton" or the "Company") Seven year framework agreement Proton Power Systems plc (AIM: PPS), a Clean Tech total power solution provider, uniquely the……
RNS Number : 5869Z
Proton Power Systems PLC
31 May 2016
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Proton Power Systems plc
("Proton" or the "Company")
Seven year framework agreement
Proton Power Systems plc (AIM: PPS), a Clean Tech total power solution provider, uniquely the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is pleased to announce that it signed with a blue chip German customer a significant framework agreement for fuel cell emergency power units. The total value of the framework agreement is €15 million for a number of systems which are all expected to be delivered and installed over a seven year period. The agreement currently covers only one of Germany's regions, Bavaria, and follows the first binding order received in April from this customer for the delivery of systems worth €1.8 million during 2016.
The power range of the units to be delivered to this customer varies from 6 to 8kVA and the units will be contained in outdoor cabinets which include hydrogen storage, fuel cells, UPS (Uninterruptible Power Supply) and auxiliary components. These units provide a complete solution based on hydrogen fuel cell technology for long backup time, supplying clean energy for critical loads.
Faiz Francoise Nahab Ph.D., CEO of Proton, said: "This framework agreement is another milestone that will provide year on year revenue streams as commercialization of our core technology is now realized. Our continued investment in our manufacturing capability is now bearing fruits. This is the proof that the fuel cell technology is commercially attractive to customers resulting in projects which will provide years of revenues for Proton. This order demonstrates our expertise in providing complete solutions with a fuel cell as part of a UPS system with a very long backup time. The combination of fuel cell and UPS technology allows us to design complete solutions also for customers with high power rating requirements. We are confident of an increase in demand for hydrogen based applications in 2016 and beyond ".
– Ends –
For further information:
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Proton Power Systems plc |
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Dr Faiz Nahab, CEO |
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Achim Loecher, FD Ian Peden, Chairman |
Tel: +49 (0) 89 127 626 550 Tel: +49 (0) 162 101 6470
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www.protonpowersystems.com |
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Stockdale Securities Limited Nominated adviser and broker |
Tel: +44 (0) 20 7601 6100 |
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Antonio Bossi / David Coaten |
www.stockdalesecurities.com |
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About Proton Motor Fuel Cells GmbH ("Proton Motor")
Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 21 years of experience in this sector. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source – from the development and production through the implementation of customized solutions. The focus of Proton Motor is on mobile, marine and stationary solutions and applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.
Proton Motor acquired and integrated SPower GmbH in 2013. Established in 2007, SPower serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage. With the SPower expertise, Proton Motor can offer complete power supply solutions with fuel cell and all electrical components.
Proton Motor is a wholly owned subsidiary of Proton Power Systems plc which has been listed on the London Stock Exchange since October 2006 (code: PPS).
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseProton Power Systems : Order for the Orkneys "Surf and Turf" project
RNS Number : 9336Y Proton Power Systems PLC 23 May 2016 23 May 2016 Proton Power Systems plc ("Proton" or the "Company") Order for 75kVA Containerized Fuel Cell Stationary Power System for the Orkney Islands "Surf and Turf" project ……
RNS Number : 9336Y
Proton Power Systems PLC
23 May 2016
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23 May 2016 |
Proton Power Systems plc
("Proton" or the "Company")
Order for 75kVA Containerized Fuel Cell Stationary Power System for the Orkney Islands "Surf and Turf" project
Proton Power Systems plc (AIM: PPS), a clean tech total power solution provider and designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is proud to announce, that it has received an order for a 75kVA containerized fuel cell stationary power system for the Orkney Islands "Surf and Turf" project.
The 'Surf and Turf' project involves generating hydrogen from wind and tidal energy and using it as the energy storage medium. The hydrogen is used to provide electricity for the Orkney Islands harbour. The wind and seas around the Orkney Islands provide an abundance of renewable energy resources. Through concerted efforts, communities like Orkney Islands are now starting to see the benefits of ownership of renewable power generation capacity. This project will see the Orkney Islands take a small, but important, step towards rising to the challenge of managing the limits of its energy infrastructure. This project will help unlock the constraints imposed by 20th century power cables and a is great demonstration of how our technology can help overcome the shortcomings of the local electricity grid.
Proton will provide a 75kVA containerized fuel cell stationary power system for a total contract value of more than €0.5 million to be delivered in 2016.
Faiz Francoise Nahab Ph.D., CEO of Proton, said: "This is a very important order for us. The fuel cell system is based on our 25kVA system, which is operated in a modular mode. The container has all necessary components to be connected to the local grid. Proton is responsible for the turn key delivery of the container. We hope to see more applications in this market sector and more islands like the Orkney Islands taking a proactive role. Proton expects a fast growing demand worldwide for this type of applications. Storing wind and solar energy is a big challenge and we have the right solution to use such green energy in stationary or mobile applications".
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For further information:
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Proton Power Systems plc |
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Dr Faiz Nahab, CEO |
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Achim Loecher, FD Ian Peden, Chairman |
Tel: +49 (0) 89 127 626 550 Tel: +49 (0) 162 101 6470
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www.protonpowersystems.com |
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Stockdale Securities Limited Nominated adviser and broker |
Tel: +44 (0) 20 7601 6100 |
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Antonio Bossi / David Coaten |
www.stockdalesecurities.com |
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About Proton Motor
Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 21 years of experience in this sector. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source – from the development and production through the implementation of customized solutions. The focus of Proton Motor is on mobile, marine and stationary solutions and applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.
Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage. With the SPower expertise, Proton Motor can offer complete power supply solutions with fuel cell and all electrical components.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseQuixant PLC : Signing of Multi-Year Contract
RNS Number : 9752Y Quixant PLC 23 May 2016 Quixant plc ("Quixant" or the "Company") Signing of multi-year contract with Ainsworth Game Technology Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, is pleased to announce that it has signed……
RNS Number : 9752Y
Quixant PLC
23 May 2016
Quixant plc
("Quixant" or the "Company")
Signing of multi-year contract with Ainsworth Game Technology
Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, is pleased to announce that it has signed a multi-year contract with Ainsworth Game Technology (ASX: AGI) ("Ainsworth"), a premier manufacturer of global gaming solutions.
Under the terms of the agreement, Quixant will supply Ainsworth with the next generation of computer platforms for its gaming machines securing the relationship for a further 5 years to 2021. Ainsworth is an existing customer and Quixant has supplied them since 2007.
Vince Bruzzese, General Manager R&D of Ainsworth commented: "I am very pleased that we are continuing our relationship with Quixant. Ainsworth and Quixant have enjoyed a strong and fruitful partnership over several years."
Nick Jarmany, CEO of Quixant commented: "We are delighted that we will be continuing our relationship with Ainsworth for at least another five years. Ainsworth is known for its high performing gaming machines and we are proud to continue to be their exclusive supplier of computer gaming platforms."
For further information please contact:
Quixant plc
Tel: +44 (0)1223 892696
Nick Jarmany, Chief Executive
Jon Jayal, General Manager
Nominated Adviser and Broker:
finnCap
Tel +44(0)20 722 0500
Matt Goode (Corporate Finance)
Grant Bergman (Corporate Finance)
Simon Johnson (Corporate Broking)
Financial PR:
Alma PR
John Coles Tel: +44 (0)7836 273660
Hilary Buchanan Tel: +44 (0)7515 805218
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseXeros Tech Grp plc : Xeros completes tannery trials
RNS Number : 3061Y Xeros Technology Group plc 16 May 2016 16 May 2016 Xeros Technology Group plc Full scale trial of Xeros' technology in leather processing completed Xeros Technology Group plc (AIM: XSG, 'Xeros' or 'the Group'), the innovative developer of patented polymer bead systems……
RNS Number : 3061Y
Xeros Technology Group plc
16 May 2016
16 May 2016
Xeros Technology Group plc
Full scale trial of Xeros' technology in leather processing completed
Xeros Technology Group plc (AIM: XSG, 'Xeros' or 'the Group'), the innovative developer of patented polymer bead systems with multiple identified commercial applications, has successfully completed a full scale trial of its technology within a leading tannery.
The trial was part of a multi-phase joint development agreement with LANXESS Deutschland GmbH to advance the application of Xeros' patented polymer bead technology in the leather processing industry.
The full scale trial which was conducted by a leading independent tannery has shown that material reductions in water, chemistry and effluent are achievable by using Xeros' technology in the retanning and dyeing phase of leather processing. When Xeros' technology was applied to this phase of the process, the water used and the effluent generated were reduced by over 50%. The leather produced was judged to be of excellent quality in terms of look, feel, and handle.
The Group intends to continue further trials to determine the maximum potential of its technology in this field whilst simultaneously progressing its commercialisation plan.
Mark Nichols, Chief Executive of Xeros, said:
"This is an important development which hails a step change in the sustainability of the leather processing industry.
"This successful trial provides encouraging evidence of the momentum building across the Group's activities and demonstrates another application of our platform technology."
Note:
Leather processing involves four phases: beamhouse, tanning, retanning & dyeing and finishing. The trial just concluded focussed on the third phase in the process.
For further information, please contact:
Xeros Technology Group plc Via Instinctif Partners
Mark Nichols, Chief Executive
Chris Hanson, Chief Financial Officer
Jefferies International (Nominated Adviser and Joint Broker) Tel: 020 7029 8000
Simon Hardy / Harry Nicholas
Berenberg (Joint Broker) Tel: 020 3207 7800
Chris Bowman / Ben Wright / Amritha Murali
Instinctif Partners (Financial PR) Tel: 020 7457 2020
Helen Tarbet / James Gray
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseW.H. Ireland Group : Isle of Man Office Contract Win
RNS Number : 9917X W.H. Ireland Group PLC 12 May 2016 WH Ireland Group Plc ("WH Ireland" or the "Company") WH Ireland Appointed Discretionary Investment Manager for Isle of Man Government The Company confirms today that its Isle of Man office has been appointed to manage……
RNS Number : 9917X
W.H. Ireland Group PLC
12 May 2016
WH Ireland Group Plc
("WH Ireland" or the "Company")
WH Ireland Appointed Discretionary Investment Manager for Isle of Man Government
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The Company confirms today that its Isle of Man office has been appointed to manage two investment mandates for the Isle of Man Government. The award of the business follows a lengthy and rigorous tender process, which saw the Company's proposal considered by Treasury, a Department of the Isle of Man Government and managed through Procurement Services. WH Ireland will manage the two mandates for a fixed term of five years. The appointment as discretionary investment manager comes just two years after WH Ireland established its Isle of Man office, a period which has seen the Company enjoy impressive growth in its international client base. Richard Killingbeck, Group CEO, WH Ireland, said: 'This is a strong endorsement of the Isle of Man office and the WH Ireland Group. Our international division has grown significantly from two to eight staff since the office launched in February 2014. The appointment to manage the two mandates gives us a sound platform to continue the growth of our international business and further strengthen our Isle of Man team.' Will Corrin, Managing Director of WH Ireland (IOM), said: 'The award of these mandates is fantastic news and is a testament to the work undertaken by the team in the Isle of Man office over the last two years together with the support of the wider WH Ireland Group. 'From a standing start the office has quickly established itself as a premier provider of investment management services to the local community and further afield. 'We are seeing continuing growth within our business and the award of the Isle of Man Government mandates is an endorsement of our approach and philosophy in today's challenging markets.' |
For further information please contact:
WH Ireland Group plc www.wh-ireland.co.uk
Richard Killingbeck, Chief Executive Officer +44(0) 20 7220 1666
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SPARK Advisory Partners Limited |
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Mark Brady/Miriam Greenwood |
+44(0) 203368 3551/3550 |
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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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