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Maestrano Share News - MNO
Current Price
9.50p
0.00 0.0%
Bid Price Offer Price
9.00 10.00
High Price Low Price Open Price
0.00 0.00 0.00
Shares Traded Last Trade Market Cap (m)
0.00 01:00:00 8
Maestrano Group PLC Joint Distribution Agreement with Acecore
Intraday Maestrano Chart
Intraday Maestrano Chart
20/08/2020 7:00am
UK Regulatory (RNS & others)
TIDMMNO
RNS Number : 6517W
Maestrano Group PLC
20 August 2020
20 August 2020
Maestrano Group PLC ("Maestrano" or the "Company" or the "Group")
Nextcore signs joint Distribution Agreement with Acecore Technologies
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, announces the signing of a joint distribution agreement with Netherlands-based UAV producer Acecore Technologies. The partnership is expected to substantially increase the distribution networks and sales volumes for both companies.
Nextcore, a business unit of Maestrano Group PLC, designs and manufactures a lightweight UAV (drone) based LiDAR (Light Direction and Ranging) unit under the model name RN50, which is used by digital survey companies worldwide and is sold via a network of specialist distributors. The RN50's on-board inertial navigation software is closely integrated with the host drone, making the choice of vehicle critical to the quality of survey results.
Nick Smith, Vice President Sales for Maestrano , said, "Acecore have a strong reputation in the UAV industry for advanced airframes that allow for increased flight times and therefore area coverage. Similarly, our RN50 LiDAR (Light Distance and Ranging) system is highly regarded in the digital survey industry. The combination of Acecore's drone and the RN50 is a perfect match for scanning large areas."
Youri van Helden, Marketing Manager at Acecore Technologies , said, "As a result of growing demand for LiDAR systems under our drones, we got in touch with Nextcore as they have a unique value proposition that makes 3D scanning accessible for a lot more companies. Nextcore's own post processing software and transparent pricing are key elements in making this possible."
When attached to the Acecore Noa hexacopter, the RN50 will be capable of accurately and autonomously scanning over 80 hectares in a single flight. The Acecore systems can be fitted with laser-guided terrain following and 360deg collision avoidance technologies, further improving the performance and ease of use of the RN50.
The two companies have been working closely together for an extended period of time in order to establish seamless integration of the two technologies and plan for the distribution of the bundled turnkey solution within the
Sorry I mean 11.5 - 11.9
It’s actually 11.5-12.9p
HL quoting 11.50 for sells and 11.499 for buys
Well done Dave, WG and other LT holders who’ve been here since the 1-2p days and stuck with the recovery story as it unfolded. The Airsight division has certainly delivered and there may be a lot more to come. In the meantime not a bad idea to topslice some profits, I have done so too.
my guess is more work with Esri.
I have no doubt Esri will buy out MNO at some point.
My opinion of course.
Well done weathergeek, your onto a winner here I won’t buy in now atm as it’s risen too much and would be my luck I buy now and it drops in half I’ll probably say that and it will be 20p next week lol
Bought this at 2p so on a 5 bagger. Expected this rise with the last RNS but it didn't come then. Happy for now as more news due re contracts.. Great little company. Was always a risk but they have done good.
My first ever ten bagger and just less than 13 month hold.
Strange that with gold at all time highs it has come from one of the very few none natural resourse sector stocks I hold.
Doesn't seem, beyond reasonable to see 1 pound a share in year/s to come if they continue at this pace and success.
Have sold some this morning tho, just to make at least some of the gains actual.
@phermic, turns out long term hold stratergy worked out 4me.
AIMO ATB
Possible leak? Typical the ones I’m just watching shoot up lol
Hmm Nought to 40% on no news in a couple of hours? Smells of a major leak!
Strong rise on no news today, can it be more contract wins?
21 days ago since this huge RNS and it was still on the first page, More this morning and still a quiet BB, make more out of the quiet ones all the time. This has bagged since this RNS. More of that to come, take the time to read the RNS's and you'll see.
More positive news from MNO this morning..
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, announces the appointment of a distributor in the USA and an update on its contract with Meitetsu in Japan.
Nextcore, a subsidiary of Maestrano Group PLC, designs and manufactures a lightweight UAV (drone) based LiDAR (Light Direction and Ranging) unit under the model name RN50, which is used by digital survey companies worldwide and is sold via a network of specialist distributors.
USA Distributor Appointment
Nextcore is delighted to announce the appointment of MODUS as its first North American distributor. MODUS is a pioneer in military and commercial remote sensing drone technologies and a leading solution provider to the surveying, construction, forestry, environmental management and mining industries. Further information on MODUS can be found at www.modus-ai.com
Ashley Cox, Chief Operating Officer for Maestrano, said, "We have focused on growing the Nextcore distributor base around the world, to increase sales. The UAV based Lidar unit, the RN Series, is gaining a reputation as a high performance, reliable and low-cost system. We are excited by the partnership with Modus-ai and the opportunities it will bring."
Nextcore's distribution network has expanded significantly in 2020, with new agreements with Marvel Geo-spatial in India, Intec in Malaysia, Skymec in Russia and D1 Store in Australia. Further information on Nextcore can be found at www.nextcore.co
Meitetsu Update
Maestrano's subsidiary, Corridor Technology, has successfully completed Phase 1 and 2 of the Meitetsu paid pilot project announced on 15 January 2020. The customer has approved progression to a new Phase 3 with an increased scope and term. The requirements definition has been refined and Corridor Technology will create an additional four Machine Learning models and deploy these during Phase 3 of the project.
Nick Smith, Vice President Sales for Maestrano, said,
"We are making excellent progress working with Meitetsu and the evolution of our Machine Learning platform in the Japanese rail network environment. It has been particularly pleasing to see the applicability of developments from Australia and the UK in Japan and vice versa."
Key Financial Highlights
· Total revenue down 2% in reported currency and up 2% in constant currency.
· Airsight revenue standalone 1 July - 30 June 2020 grew 68% (74% in constant currency)
· Total expenses decreased by 48% (47% in constant currency).
· Cash balance at 30/06/20 was £1,584,891.
Andrew Pearson, CEO of Maestrano, commented:
Growth already showing from Airsight :)
I think the next update will look better still. More news flow coming on contracts this year too.
"Following our March Quarter update (announced 20 April 2020) it is very encouraging to see the continuing strong growth in the core Airsight business units, Corridor and Nextcore. Airsight had a strong 4 months pre-merger (1/7/19 to 31/10/19) and when this is swapped for Maestrano revenue in the same period, we see the true trend in the business, with 74% year on year growth in constant currency and only 28% increase in expenses. We are confident of continuing growth in FY
A lot higher than here long term. I think Zak's 14p would be classed short term. Glad I topped up some on the dips over the past few months. Moving steady now without more news. More news due soon will push up another jump.
SP creeping up nicely, where do you reckon this is likely to end up long term ?
NO.2 TOP RISER, happy with that :)
The RNS from 10 days ago was superb so I am hoping for a multi bagger here
Might top slice a few at 25p
Hit the year high today.
Can only buy in small amounts
MM struggling to hold this down now, there are NO shares left to buy, they will have to let this go soon
Hold on tight
Yes i feel 10p is coming today
Should be 10p minimum anyway so the rise is justified imo