Last checked at 
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
BATM Advanced Communications Ltd - Israel-based data and telecommunications company - Signs first tier 1 customer for NFVTime virtual networking solution. Undisclosed Asia-headquartered customer is "leading telecommunications provider to multi-national enterprises and communication service providers globally". Customer enters three-year licensing agreement, value of which is not disclosed. BATM to receive licence fee for at least three years for each deployment of NFVTime, with separate deployment needed per end customer adopting the solution.
----------
Metal Tiger PLC- London-headquartered investor in natural resource opportunities - Subscribes for 2.3 million units in Sable Resources for total investment of CAD350,000, approximately GBP202,000 as part of Sable's up to CAD9.0 million fundraise. Following fundraise completion, Metal Tiger to hold 1.1% stake in Latin America base metals explorer Sable.
----------
IronRidge Resources Ltd - minerals explorer with projects in Ghana, Chad, the Ivory Coast, and Australia - Accepted as member of European Battery Alliance, an organisation focusing on driving a competitive battery industry in Europe by 2025. Membership grants insight into EU battery sector activities and access to possible value chain partners as well as to InnoEnergy Venture Capital Community and potential alternate funding sources.
----------
Ariana Resources PLC - Turkey and Cyprus gold and copper mine developer - Posts operating results for second quarter ended June 30, showing gross Q2 income of USD9.90 million at average realised gold price USD1,717 per ounce against average revenue per gold ounce USD2,116 due to silver credit. Q1 gross income USD8.8 million, average realise gold price USD1,599 per ounce, average revenue per gold ounce USD1,724. Revenue higher in Q2 versus Q1 partly due to silver produced Q1 and kept in stock and sold in Q2. Gold production down at 4,679 troy ounces from 5,129 troy ounces.
----------
Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - Will provide contract manufacturing services to Binding Site relating to SARS-CoV-2 Antibody ELISA test launched in Europe and other CE mark-accepting countries. Test also submitted for rapid approval by US Food & Drug Administration.
----------
Upland Resources Ltd - oil and gas company focused on south-east Asian and north African basins - enters memorandum of understanding with Viddacom to jointly evaluate and licence exploration opportunities in Brunei. Viddacom is a privately owned Brunei-based oil and gas services company. The MOU represents a joint venture partnership in which Upland would have 60% ownership and Viddacom he remaining 40%. Upland also noted positive progress in Malaysia on management of oil and gas industry in Sarawak by Sarawak government. Welcomes developments on Petronas decision to withdraw high court appeal against backdated taxes and out-of-court settlement between the two parties.
----------
Sunrise Resources PLC - developing mining operations at the CS Pozzolan-Perlite project in Nevada, US - Announces raising of GBP250,000 before expense through issue of 89.3 million broker option shares at 0.28 pence each, taking total fundraise amount to GBP1 million.
----------
Getech Group PLC - geoscience and geospatial products firm based in Leeds - Notes "deep impact" of Covid-19 pandemic on energy prices with its oil and gas customers having cut their 2020 budgets by around 35%. Says projects are being delivered on time and to cost, including release of Globe 2020 as well as net versions of its Exploration Analyst and Data Assistant software products in addition to interim release of its MultiSat 2020 product. After strong up 48% year-on-year, Getech 2020 orderbook continues to unwind to revenue in first half without any negative revisions so far, giving some downside protection. First half revenue expected to be around GBP2.1 million, down from GBP2.5 million year before. New forward sales GBP1.4 million, down from GBP1.6 million. Annually recurring revenue as at June 30 GBP2.2 million, down from GBP2.3 million. June 30 cash GBP2.8 million versus GBP3.0 million year prior and current cash balance around GBP3.4 million thanks to June and July invoices.
----------
Two Shields Investments PLC - technology sector investor headquartered in London - Notes announcement from WeShop, in which is holds a 10.7% stake. Highlights of WeShop announcement include completion of GBP9.0 million fundraise through issue of convertible loan note plus option granted for additional GBP2.8 million cash investment. WesShop also makes board change, appointing BrandShield Chief Executive Yoav Keren to board as non-executive director. Vela Technologies, which holds a 1.4% stake in WeShop, notes announcement and welcomes new funding, as does Primorus Investments which has an investment in WeShop of GBP875,000.
----------
Novacyt SA - clinical diagnostics firm based in France - Launches Winterplex respiratory test panel including Covid-19 PCR test. A PCR or polymerise chain reaction test can tell it a person is currently infected with Covid-19. Winterplex addresses challenge for healthcare providers in differentiating Covid-19 from other respiratory diseases, especially during a seasonal flu outbreak where patients present with similar symptoms. Clinical trial shows 100% specificity and 96% to 100% sensitivity across panel.
----------
GCP Student Living PLC - UK infrastructure debt-focused investment company - Revises investment management agreement with Gravis Capital Management Ltd. Fee structure modified so that educed investment management fee payable to existing asset base. Introduces two tiers of investment management fees depending on size of company, as measured by net asset value. GCP assumes responsibility for payment of property management fees directly.
----------
Speedy Hire PLC - Merseyside-based tool and equipment hire firm - Appoints James Bunn as chief financial officer effective September 14. Bunn, most recently CFO for UK Digital division of GVC Holdings, joined Ladbrokes PLC in 2012 as finance director of UK Digital business and held various finance position in Ladbrokes Coral PLC and then in GVC after acquisition.
----------
Gaming Realms PLC - London-based mobile games company - Inks first multi-state direct-integration agreement in US with partner Rush Street Interactive. Current partnership in which Gaming Realms' full Slingo Originals portfolio distributed in New Jersey now extends to include Pennsylvania, Rush Street Interactive's largest territory. Slingo Originals content to be directly integrated into Rush Street Interactive platform, eliminating need for distribution partner. Financial terms not disclosed.
----------
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.