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TRADING UPDATES: Alphawave teams with Intel; Cadence's Amapa progress

Mon, 07th Feb 2022 18:29

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Alphawave IP Group PLC - designs and licences chip technology - Teams with Intel Corp's Intel Foundry Services. Intel Foundry is a unit of Santa Clara, California-based Intel. It manufactures third-party chips. "By combining Intel's manufacturing and operational prowess with Alphawave IP's technology leadership in connectivity solutions, the partnership will enable some of the world's largest chip companies and hyperscalers to build the most advanced semiconductor devices in 2022 and beyond," Alphawave says.

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Cadence Minerals PLC - London-based investor in mineral resources - Says required contractual and regulatory documentation completed and filed at Amapa iron ore project, sealing process and ensuring Cadence now owns 20% of the Brazil-based project. Cadence notes Anglo American PLC, a previous owner, valued the asset at USD1.2 billion and impaired it at USD600 million back in its 2012 accounts.

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Oilex Ltd - Perth-based company focused on the development of natural gas assets - India's Ministry of Environment, Forest & Climate Change confirms decision to approve environmental clearance for Cambay field.

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Hunting PLC - London-based supplier to oil and gas industry - Refinances core borrowing facilities and enters into USD150 million asset based lending facility with Wells Fargo and HSBC. New facility has four-year term and replaces USD160 million revolving credit facility. "The ABL facility contains an accordion feature of up to a further USD50 million which is accessible subject to further credit approval from the relevant lenders, enabling the company to increase the total facility quantum to USD200 million," Hunting adds.

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Helium One Global Ltd - London-based exploration & development company - Begins electrical resistivity tomography at Rukwa asset. Survey will probe area identified from phase I and phase II 2D seismic surveys. Will also investigate "surface helium anomalies identified in recently completed multispectral satellite spectroscopy study".

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Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, including the use of blockchain within the sector - Names PETRO-TEC as petroleum consultants. "PT will be able to devise, implement, run and evaluate appropriate field development projects alongside WCAT," company says.

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Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Picked for PwC's Scale FinTech programme, aiming to give access to new opportunities within the accounting firm and its clients. "After an extensive selection process, Insig AI was one of only nine companies this year chosen from more than 700 applicants from around the world. Insig AI is also the only FinTech with ESG expertise on the programme," Insig says.

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Octopus Renewables Infrastructure Trust PLC - London-based investment company focused on renewable energy assets in Europe and Australia - Declares 1.25 pence per share dividend for fourth quarter ended December 31. Notes 2021 payout totals 5.0p per share, meeting target. For 2022, it eyes 5.24p payout, up 4.8%.

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ImmuPharma PLC - London-based drug discovery and development company - Says UK Medical & Health Products Regulatory Agency approves pharmacokinetic study Lupuzor in Lupus patients. "Volunteers have been selected and approved for inclusion in the PK study," company says. Vounteer dosing to begin on February 15 and study on track to deliver results by end of first quarter.

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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Treats first patients in phase 2 of US Food & Drug Administration nasal photodisinfection exploratory trial. "The study will evaluate how effectively the treatment eradicates pathogens -Staphylococcus aureus - in the nose, and the occurrence of surgical site infections within 30 days of surgery," Ondine adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Northcoders launches bootcamp; Schroder invests

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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2 Apr 2024 15:06

TRADING UPDATES: Insig AI eyes revenue fall; Phoenix Digital sound

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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28 Dec 2023 16:46

London close: Stocks slip as US jobless claims top expectations

(Sharecast News) - London's stock markets experienced a modest decline on Thursday, as the day unfolded with a pronounced lack of significant market-moving developments.

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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28 Dec 2023 08:29

London open: Stocks start the day in positive territory

(Sharecast News) - Stocks in London opened higher on Thursday amid a dearth of corporate news, after another advance for the S&P 500.

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28 Dec 2023 07:43

Insig AI gets listing on UN climate tool dashboard

(Sharecast News) - Machine learning and data science specialist Insig AI has achieved listing on the United Nations Climate Risk Tool Dashboard, it announced on Thursday.

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20 Dec 2023 14:19

IN BRIEF: Insig AI interim loss narrows as costs decrease

Insig AI PLC - London-based data science and machine learning firm - Interim loss narrows 36% to GBP1.8 million in the six months to September 30, from GBP2.8 million a year prior. Revenue declines 7.5% to GBP882,478 from GBP953,563. Administrative expenses decrease 33% to GBP2.2 million to GBP3.2 million. Looking ahead, Insig AI says: "Based on our expectations for new business wins in the coming quarter and beyond, we believe that the business has sufficient working capital. However, the board would consider an injection of equity should a potential partner wish to take a strategic equity stake to fast track growth. The board's view is that should this occur, pricing should reflect the value of the company's repository of corporate disclosures and its machine learning and data science expertise."

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15 Nov 2023 18:10

TRADING UPDATES: Synthomer trading consistent with expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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30 Oct 2023 10:44

Insig AI launches index to make corporate reporting more transparent

(Alliance News) - Insig AI PLC on Monday launched its Transparency and Disclosure Index, designed to give investors a better sense of how effectively firms are disclosing non-financial information.

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15 Sep 2023 12:06

Insig AI discussing partnerships with several parties

(Sharecast News) - Insig AI said in an update on Friday that it had continued to progress discussions with several parties in recent weeks in a bid to secure partnerships and distribution agreements.

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14 Aug 2023 09:43

Insig AI loss widens on impairment costs; revenue rises

(Alliance News) - Insig AI PLC on Monday said its full-year revenue rose but its loss widened on an impairment charge.

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4 Jul 2023 14:09

IN BRIEF: Insig AI agrees revised terms for convertible loan agreement

Insig AI PLC - London-based data science and machine learning - Says that it has agreed to revised terms with Richard Bernstein, the convertible loan holder, as announced on September 12 for GBP750,000. Insig AI explained at the time that it had agreed to a convertible loan because it needed further working capital over the short term and potentially the medium term. The company and Bernstein agree to extend the term of the convertible loan note agreement by six months to December 30. All other terms of the agreement remain unchanged.

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24 Apr 2023 19:21

TRADING UPDATES: acccesso buys firm, Card Factory ups outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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6 Feb 2023 11:20

IN BRIEF: Insig AI shares up on new AI integration capabilities

Insig AI PLC - London-based data science and machine learning - Says it has conducted a series of tests using ChatGPT and other Generative AI models, and it is now able to integrate "the latest AI capabilities" from Alphabet Inc's Google, Open AI and the most advanced models such as ChatGPT and GPT-3. "We regard the advancement of this type of text based analysis as the ideal overlay to our existing repository of machine readable ESG and corporate data. Combining the deep contextual understanding that ChatGPT brings with our highly focused ESG natural language processing classifiers will provide differentiation in surfacing the most relevant ESG disclosures, thereby increasing overall analysis and productivity," Insig says.

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9 Jan 2023 12:37

IN BRIEF: Insig AI draws down GBP290,000 from chair's loan facility

Insig AI PLC - London-based data science and machine learning - Draws down a third tranche of GBP290,000 from its convertible loan facility agreement with Chair Richard Bernstein. After this, GBP100,000 remains available. The GBP750,000 loan agreement was announced in September to help solve Insig's short-term working capital needs. The facility is in addition to the GBP1.0 million one previously provided by Bernstein that was announced back in May.

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