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(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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Water Intelligence PLC - Palm Springs, California-based water leak detection company - Notes another insurance national account win, its fourth year-to-date. "The contract's mandate is the broadest yet to be provided by a national insurance carrier to American Leak Detection, the firm's core business subsidiary," company says. Adds: "Under today's contract, ALD is formally designated as a 'preferred contractor' and will have the right to handle all water leak and repair jobs across the US from this insurance provider. The broader designation advances the group's strategy to grow its national account base and drives the continued expansion of customer jobs across ALD's significant execution footprint in the United States with no additional marketing expense."
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Supply@Me Capital PLC - London-headquartered fintech platform - Completes acquisition of the entire issued share capital of TradeFlow Capital Management Ltd, a Singapore-based FinTech-powered commodities trade enabler focused on SMEs. Issues 813 million new shares to TradeFlow and 500 million new shares to intermediaries to complete the deal. "The acquisition will establish Supply@ME as the market leader in inventory monetisation and will generate a number of highly attractive synergy benefits for the company in terms of funding and customer origination. By joining together, we now have an enhanced platform with an offering for the supply chain sector which is unparalleled," Chief Executive Alessandro Zamboni says.
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Caledonia Mining Corp PLC - Saint Helier, Jersey-based mining company - Sees record production in quarter ended June 30 of about 16,710 ounces of gold, an increase of about 24% on the 13,499 ounces produced in the same quarter in 2020. Gold produced for the first half of 2021 was 29,907 ounces, about 7.8% higher than the 27,732 ounces produced in the first half of 2020. Maintains its 2021 full year production guidance of 61,000 to 67,000 ounces and remains on track to hit target of 80,000 ounces from 2022.
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Blackbird PLC - London-based cloud video editing platform - Enters into a multi-year deal Spanish-language media company Univision for "large-scale video production efficiencies across its streaming and digital media operations." Company adds: "Blackbird was selected by Univision for professional-grade, ultra-efficient cloud native video editing and publishing of content across its streaming and digital media operations. Univision's multi-site production team will use browser-based Blackbird both remotely and in the office to rapidly reversion large volumes of partner content in the cloud - removing the need to upload and download files, saving significant time and cost."
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Hardide PLC - Oxfordshire-based advanced surface coating technology - Says Hardide Coatings subsidiary receives full approval from Airbus SE to coat and process its components at the new and larger Longlands Road facility in Bicester, UK. Chief Executive Philip Kirkham says: "This approval is very positive news and is the result of extensive testing and verification by Airbus of all the processes at the newly built Longlands Road facility. The Airbus approval is testament to our coatings' capabilities and means that we can now close the door on our old premises and concentrate all our aerospace processing at our modern and much larger, custom-fitted new site."
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IGas Energy PLC - oil & gas producer onshore in UK - Completes scheduled six-monthly reserves based lending facility redetermination process. The redetermination exercise confirms USD27.0 million of debt capacity and current headroom of USD8.6 million. As at June 30, cash balances stood at USD3.6 million, with net debt of USD18.4 million.
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Oxford Cannabinoid Technologies Holdings PLC - cannabinoid medicine company - Enters service agreement with Aptuit SRL, a subsidiary of drug discovery and development company Evotec SE. "This agreement will use Evotec's technology platform to expedite the development of OCTP's lead compound, OCT461201, a selective cannabinoid receptor type 2 agonist, towards Phase 1 clinical trials. This Phase 1 clinical trial will be aimed at demonstrating the safety and tolerabililty of the drug product," company explains.
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By Paul McGowan; paulmcgowan@alliancenews.com
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