ECSC Group PLC (LON:ECSC), the provider of cyber-security services, has unveiled five major contract wins across a range of sectors. The contracts have a combined revenue value in excess of £750,000. The revenue will be recognised throughout the duration of the contracts, which vary between one and three years.
IQ-AI Limited’s (LON:IQAI) subsidiary, Imaging Biometrics (IB), has signed a global distribution deal for imaging analysis software designed to detect chronic liver disease (CLD). Under the agreement with US firm AI Metrics, IB will receive non-exclusive global rights to market and distribute the product, known as LSN.
Columbus Energy Resources PLC (LON:CERP) executive chairman Leo Koot described himself “very pleased” as drilling operations for the Saffron exploration well, on Trinidad’s south-west peninsular, completed successfully. The AIM-quoted oiler, in a statement, said that the well was drilled down to a depth of 4,634 feet as planned, and, logging work is presently ongoing. Interpretation results are anticipated in the coming weeks.
Arecor Ltd has inked an agreement with FTSE 100 firm Hikma Pharmaceuticals PLC (LON:HIK) to develop a new, ready-to-use injectable medicine. The new product, to be announced prior to launch, will use Arecor’s Arestat drug formulation technology and is expected to be submitted to the US Food and Drug Administration for regulatory approval in 2021.
Pembridge Resources Plc (LON:PERE) has released production statistics from the Minto copper mine, as the ramp-up in mining operations continues at the Yukon-based project. Operation resumed at the Minto mine back in October 2019 and in the remainder of the year some 104,005 tonnes of ore was processed, with average head grades of 2.27% and 95.1% average copper recovery.
Providence Resources PLC (LON:PVR) has named Alan Linn as the company’s new chief executive. Linn joins from UK onshore shale firm Third Energy and he has previously held senior positions at Lasmo, Cairn Energy, Tullow Oil, ROC Oil, and with Afren during its restructuring.
Circassia PLC’s (LON:CIR) revenues in 2019 were in the middle of its guidance of £60-65mln while cash at the year-end was higher than expected. The Inhaled drug specialist said sales in the middle of the range represent an annual increase of about 31% and include a modest contribution from Duaklir, which was launched in the US at the end of October. Circassia also announced the appointment of Michael Roller as chief financial officer to replace Julien Cotta, who has stepped down after eight years in the role.
Redx Pharma PLC (LON:REDX) said its second fibrosis drug candidate will enter the clinic in the first half of next year. RXC007 has been designed to target ROCK2, a nodal enzyme in cell signalling pathways associated with idiopathic pulmonary fibrosis (IPF), a chronic lung condition with a poor prognosis.
Alien Metals Limited (LON:UFO) is preparing to submit applications for permission to drill at its Los Campos and San Celso Silver projects in Mexico. The exploration and development company added that its technical director, Bill Brodie Good, will be conducting a site visit to these projects imminently and will be holding meetings with service providers and potential joint venture partners.
Itaconix PLC (LON:ITX) saw a sharp year-on-year increase in revenue in 2019. In a short trading update, the polymers specialist said unaudited revenue for the year just ended was £1.1mln, up 59.6% on 2018. Loss before interest, tax, depreciation and amortisation was in line with management’s expectations.
InnovaDerma PLC (LON:IDP) saw its revenues for the half ended December 31, 2019, advance 28% year-on-year, led by the performance of its Skinny Tan beauty range. The company, which posted sales of £5mln, up from £3.9mln, reminded investors that its financial performance would be heavily second-half weighted, “reflecting the peak tanning season”.
MetalNRG PLC (LON:MNRG) will blend material from waste dumps and mined ore to optimise gold production at its project in Arizona. Drilling will be carried out to delineate additional metal at the Gold Prince mine, which will be combined with ore from Level 6 and waste at Gold Ridge, the company said.
Seeing Machines Limited (LON:SEE) is teaming up with US chipmaker and telecoms firm Qualcomm Inc (NASDAQ:QCOM) to develop driver monitoring systems (DMS) for the world’s automakers. The AIM-listed tech firm said the two companies will be focusing specifically on in-vehicle infotainment systems, areas of the car which allow the driver or passengers to control functions such as music, navigation or answering phone calls, usually through a touchscreen.
Avation PLC (LON:AVAP) has delivered the first of two Airbus A321 aircraft to VietJet Air as part of a transition from a prior operator. The firm said the aircraft will be leased to the airline for eight years, after which it will be returned following a major airframe maintenance check.
Solo Oil PLC (LON:SOLO), a gas-focused production and development company targeting attractive growth opportunities within the European gas market, announced that it has appointed Strand Hanson Limited as its broker, in an interim capacity, with immediate effect while the company continues discussions with ONE-Dyas BV on the proposed reverse takeover transaction first announced on 9 October 2019.
ADM Energy Plc (LON:ADME), an AIM-listed oil and gas investing company announced that it has appointed Fox-Davies Capital as the company’s Lead Broker, and Fox-Davies Capital DIFC as financial adviser, with immediate effect. Osamede Okhomina, CEO of ADM, said: “As ADM moves forward to execute on its business plan to build on its existing asset base, we are delighted to be working with a specialist broker with a deep knowledge of the industry and the African Markets. As a broker, Fox-Davies Capital’s wide network of relationships with specialist oil investors in Asia, the Middle East, Europe and Africa, will complement the work of our existing advisers and help the Company to maximise its potential.”
Nektan PLC (LON:NKTN), the fast growing, award-winning international gaming technology platform and services provider, announced that, following the appointment of administrators to its subsidiary company, Nektan (Gibraltar) Limited and the subsequent sale by the administrators of the UK B2C business of NGL to Grace Media Limited, as announced on 7 January 2020, the group confirms that its accounts are being finalised and are expected to be released in January 2020, as previously announced.
Plexus Holdings Plc (LON:POS), the AIM-listed oil and gas engineering services business and owner of the proprietary POS-GRIP method of engineering announced that J. Jeffrey Thrall, its non-executive chairman has acquired 8,000 ordinary shares in the company at a price of 33.3p each. It noted that, following the purchase, Thrall is interested in a total of 44,307,513 Plexus ordinary shares.
Remote Monitored Systems PLC (LON:RMS) said the resolution to approve the sale of the business and principal assets of its Geocurve unit was approved by shareholders at the General Meeting earlier on Thursday, with completion of the sale to take place later in the day.