Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Mms will not hold this. Double digit close.
Agree about to rocket. Gla
Soon be top of the risers board me thinks.
Can't buy a bean. Bag incoming
lets double bag please
BOOOOOOOOOOOOOOOOOOMMM
Defenx 2020 strategy
Following the challenges of 2017, the Board is now looking to develop further its strategic plan, Defenx 2020, which aims to refocus sales from B2B2C distributors to selling our relaunched products, which are building on our existing cloud backup products, in a compound model of Software-as-a-Service to smaller customers and direct sales to large corporates and the public sector.
The revised product suite we are developing, with the technical support of BV Tech, has the following key features:
· EU based, General Data Protection Regulation ("GDPR") compliant, data storage;
· Integrated security (1st line of defence);
· Automated backup (2nd line);
· Flexible, scalable storage solutions;
· Competitive pricing; and
· White-labelling to reflect a customer's own branding.
Gartner Inc estimate that the Western European security & storage market will grow to €3.7 billion in 2019, largely driven by ongoing GDPR compliance. While the major players - Amazon Web Services, Google, Microsoft - dominate the market, the Board strongly believes there is space in the market for niche players such as Defenx.
no change in about a month - too quiet!!
That looks Ukranian.
Good to see products for sale on a Russian website
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://fishki.ua/po/komplekt-litsenzionnogo-p-o-defenx-mobile-security-suite-1-god-dlya-odnogo-ustroystva/&xid=25657,15700022,15700186,15700191,15700253,15700256,15700259&usg=ALkJrhi2B0GIxE20JuQ2caHfg_t8D46Rqg
Encouraging updates to the Defenx website with updated content, topical news and partner strategy. The site is performant and now a credible marketing tool. The companies that Defenx have partnered have potential and they are actively advertising Defenx's products, e.g. at 3: https://www.tre.it/business/internet/defenx-security-suite
The other partners show that they have a global reach confirming Defenx's model of developing product and using partner channels to re-sell.
I'm glad the convertible loans have stopped so share dilution has also stopped. Defenx's strategy does now appear to being implemented. Share price recovery will now be based on improved accounts showing that monetised sales are driving and recovering the business.
The next accounts are due in 10 weeks time at the end of June. I hope and expect that those will be submitted on time and not be subject to filing extensions, AIM suspension, etc., like last time. They won't be good but they should be the lowest point from which the company should now recover.
9 April 2019
Defenx PLC
("Defenx", the "Company" or the "Group")
BV Tech Distribution Agreement and Software Services Agreement
Related Party Transactions
Defenx PLC (AIM: DFX), the cyber-security software group, is pleased to announce that it has entered into a software distribution agreement and a software services agreement with BV Tech S.p.A. ("BV Tech"), the Company's majority shareholder.
Distribution Agreement
The Company's wholly owned subsidiary Defenx Italia Srl ("Defenx Italia") has entered into a software distribution agreement with BV Tech (the "Distribution Agreement"), which amends the previous software distribution agreement entered into with BV Tech, as originally announced on 22 June 2017 (the "2017 Distribution Agreement").
Pursuant to the Distribution Agreement, BV Tech:
i) will have the sole rights to sell Defenx products to certain bodies within the Italian defence, space, national security or critical infrastructures sectors, through to the end of December 2023 for which BV Tech will pay Defenx a total consideration of €1.0 million, to be invoiced in three instalments before the end of H1 2019. In addition, Defenx will receive a royalty fee equal to 50% of any revenues from the sale of its products (during the period to 31 December 2023) to such clients in excess of €5.0 million; and
ii) has committed to purchase Defenx's products, with a minimal value of €1.2 million, over a two year period, effective from 1 January 2019. Accordingly, Defenx will receive a minimum of €1.2 million in a number of instalments over the two year period from BV Tech for such products. The previous restrictions regarding the distribution of Defenx's products have also been removed, such that BV Tech is now able to distribute, on a non-exclusive basis, all of Defenx's products, other than those covered by i) above, through any direct and indirect channel of distribution or sales through to 31 December 2021.
The value of any Defenx products sold by BV Tech pursuant to the Distribution Agreement will, unless agreed otherwise by the parties, be based on the prices set out in the 2017 Distribution Agreement.
All other terms of the previous 2017 Distribution Agreement remain the same.
Services Agreement
Defenx, via Defenx Italia, has also entered into a software services agreement with BV Tech (the "Services Agreement"), pursuant to which BV Tech will undertake to provide services to Defenx in respect of its range of new and existing products over the course of 2019. The aggregate fee payable by the Company to BV Tech for the services under the Services Agreement is calculated and payable monthly on a 'time spent' basis, capped at €1.2 million.
The Services Agreement contains warranties in favour of Defenx Italia in respect of the intellectual property created pursuant to the services. BV Tech has the right of first refusal to extend the Services Agreement for a further year on the same terms, subject to it
I doubt we will see anything drastic until there is more exposure of the share, it’s been under the radar and on the verge of going bust too long. Could no be one of the big turnaround shares of 2019. The +€1mil payment keeps the lights on for another year at current burn rate but they need to start driving sales, particularly when they launch the new products.
We haven’t seen a trade larger than £3500 yet, and there have only been 2 in that price range since the RNS, the big players are yet to act here.
6.125-6.80
This morning - happy to hold
Still very low volume, a couple of decent trades will move this north quickly.
On the risers board. Thats more like it. Happy to hold.
What's the upside potential here?
Mkt Cap still only £2.6 mil. That's roughly revenue plus the £1 mil installed payments.
The (minimum) £1.2 mil payment over 2 years, new products, services from BVT and future royalty fees not factored into current price @7p
HOLD
More to come before July, happy to sit on these now.
"Following entering into the Service Agreement, Defenx will focus on completing work on its product portfolio and now expects to be in a position to launch new products in Q2 2019."
Any sizeable change in any company’s price will attract investors.
Can educate me why the price has increased with no trades since yesterday and the market not yet open?
The best part of this RNS is that DFX is not relying on loans anymore that can be converted into shares and increase BVT’s equity. It’s on conventional commercial terms based on the solvency of the two companies. Best news possible.
With so few shares in free float today could be absolute chaos, but in a good way. I doubt the herd will arrive for a while yet as this has been off the radar for some time.