Lok N Store Share News (LOK)

Pure Wafer, which provides silicon wafer reclaim services for semiconductor manufacturers globally, has said its results for the year ended June 30th are set to exceed current market expectations with an expected reduced loss before tax resulting from an increase in earnings before interest, tax, depreciation and amortisation (EBITDA). Off-site storage outfit Lok'n'Store Group has acquired the freehold of its existing Swindon East store for a consideration of £925,000 which will be financed by drawing down on the company's existing revolving credit facility. The store has been trading since 2001 in leasehold premises with a current annual rent of £108,050, meaning there will be a corresponding £108,050 positive impact to the company's EBITDA for the coming year. After this transaction 61% of Lok'nStore's self-storage-space will be freehold and 39% leasehold. Lombard Risk Management, which provides various services to the financial services industry, has secured three contract wins. The first is for the licence and implementation of the company's COLLINE collateral management software to a major international fund management group in the US, worth around £0.5m in the first year. The firm also concluded two contracts for the European Banking Authority's COREP and other related reporting requirements. Synthetic fuels specialist Oxford Catalysts Group has been selected by Sierra Energy for a California Energy Commission (CEC) funded synthetic fuels demonstration plant. Utilising a $5.0m grant recently secured from the CEC, Sierra is building a waste-to-fuels facility in Northern California. Sierra intends to use the demonstration as the basis for the design and roll out of multiple commercial plants that will convert waste biomass material into ultra-clean synthetic fuels. GETECH, an oil services business specialising in the provision of exploration data and geological exploration studies, has said that on the basis of the generally strong performance of all parts of the business, GETECH now expects that its results for the year to July 31st will exceed current expectations. The company has also confirmed that at the year end it will also report improved forward visibility of income and stronger cash balances. NR