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Pin to quick picksTekCapital Share News (TEK)

Share Price Information for TekCapital (TEK)

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Share Price: 10.50
Bid: 10.00
Ask: 11.00
Change: -0.50 (-4.55%)
Spread: 1.00 (10.00%)
Open: 11.00
High: 10.90
Low: 10.50
Prev. Close: 11.00
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TRADING UPDATES: Valeura hits 90 million barrel milestone at Jasmine

Wed, 17th May 2023 14:32

(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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Valeura Energy Inc - Thailand- and Turkey-focused oil and gas company based in Alberta, Canada - Says it has produced its 90 millionth barrel of oil at its Jasmine oil field, exceeding the seven million barrel expectations set out during its original development in 2004. Says: "In our view, it is exceptional that after having recovered more than 12 times that amount since its first production in 2005, we have verified Proved and Probable reserves of more than 10 million barrels and continue to find opportunities for infill drilling aimed at further reserves replacement. Drilling operations to date in 2023 have both increased production rates and identified new development targets which will form the basis of a work plan for 2024 and beyond."

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Tekcapital PLC - London-based intellectual property investment company - Says portfolio company MicroSalt has expanded the sales of its SaltMe! crisps and MicroSalt shakers into 400 additional stores in the US. Says stores include Brookshire Brothers, Pete's Fresh Market, Heinen's, Dick's Fresh Market, Zerbos, Better Health Market, Tdych's Marketplace and Associated Supermarkets. "We are proud of our efforts thus far to build product distribution as it underscores the retail need for full flavor, low-sodium products. These efforts are working in parallel with our efforts to provide low-sodium products for private-labeled retail brands. Excess sodium consumption is one of the leading contributors to hypertension, and partnerships like this are the best way to provide consumers with great tasting products with less sodium," Chief Executive Rick Guiney comments.

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Tertiary Minerals PLC - Zambia and Nevada, US-focused explorer focusing on energy transition and precious metals - Says soil sampling programme completed at Lubuila Copper Project in Zambia, including additional follow-up sampling based on portable X-Ray Fluorescence results. Says 425 samples collected, targeting two untested areas of Lower Roan Group Sediments, and an historical anomaly in Upper Roan Group Sediments. Says initial results indicate a large open-ended copper-in-soil anomaly over an area of 1,000 metres by 680 metres, with a peak copper value of 306 parts per million and an average value of 125 parts per million. "I am pleased to announce that the first soil sampling programme of the 2023 exploration season was completed efficiently whilst also producing anomalous results in preliminary analysis. The copper-in-soil anomaly identified in Area C is large and remains open in all directions. However, this needs to be validated with traditional laboratory wet geochemical analysis that can also provide analysis for a wider range of metallic elements and a better geochemical context," says Chief Executive Patrick Cheetham.

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Versarien PLC - Cheltenham, England-based engineering materials company - Says preliminary results of Cementene trials indicate that 20% of Portland cement can be removed from Banagher's precast concrete mix when Cementene is added, while maintaining the compression strength of the concrete. Adds that results indicated that Cementene has potential to reduce CO2 emissions without impacting performance. "We are delighted with the results that have been achieved by Banagher utilising Versarien's Cementene. The use of Cementene has been demonstrated to offer a substantial environmental benefit at a cost we believe is competitive. We look forward to continuing to work with Banagher and, in due course, other concrete suppliers to role out Cementene enhanced concrete as soon as possible," says Chief Executive Stephen Hodge.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Jan 2024 11:20

IN BRIEF: Tekcapital investee MicroSalt to IPO this week

MicroSalt PLC - London-based developer of manufacturing process that produces a salt crystal about 100 times smaller than traditional salt, providing saltiness with lower sodium - Expects to make its initial public offering on London's AIM market on Thursday, with an expected market capitalisation of GBP18.5 million and issued share price of 43 pence. Tekcapital PLC, a London-based intellectual property investor, holds an 87% stake in MicroSalt and 92% in its US subsidiary MicroSalt Inc.

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24 Jan 2024 12:47

IN BRIEF: Tekcapital raises GBP570,000 via sale of Belluscura shares

Tekcapital PLC - London-based intellectual property investor - Sells 3.5 million shares in AIM-listed medical device developer Belluscura PLC at a price of 16.15 pence each, raising GBP565,250. Following the share sale, Tekcapital owns 7.7% of Belluscura.

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11 Jan 2024 13:49

IN BRIEF: Tekcapital receives notices of allowance for eyewear patents

Tekcapital PLC - London-based intellectual property investment company - Says its portfolio company Innovative Eyewear Inc has received notices of allowance from the US patent and trademark agency for 14 patents protecting its Lucy Lyte smart eyewear designs. The notices indicate that Innovative's glasses, which connect to bluetooth and come with built-in audio features, are patentable. Innovative expects the design patents, which relate to the glasses' front plate and temple designs, to be issued after the payment of the issue fees. Tekcapital did not provide a timeline for the patents' progression.

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9 Jan 2024 10:11

Tekcapital says MicroSalt listed on Amazon UK for distribution

(Alliance News) - Tekcapital PLC on Tuesday said its MicroSalt low-sodium shakers will be sold on the Amazon UK platform.

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22 Dec 2023 20:45

EARNINGS AND TRADING: Plexus sees good momentum; Gfinity loss widens

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

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13 Dec 2023 15:29

TRADING UPDATES: Tekcapital says Lucyd upgrades eyewear with ChatGPT

(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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13 Dec 2023 14:33

Tekcapital investee Lucyd integrates ChatGPT into app

(Sharecast News) - Intellectual property investor Tekcapital updated the market on its portfolio company Innovative Eyewear on Wednesday after the latter unveiled a significant update to the Lucyd app for Android.

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12 Dec 2023 10:44

IN BRIEF: Tekcapital investee launches new smart eyewear collection

Tekcapital PLC - London-based intellectual property investment company - Says investee Innovative Eyewear Inc has announced the launch of its Nautica Smart Eyewear collection through a deal with New York-based brand management firm Authentic Brands Group LLC. Collection will be available in eight sunglass styles with all frames accepting prescription lenses. Tekcapital expects it to ship in January.

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21 Nov 2023 12:43

IN BRIEF: MicroSalt delays London IPO for second time to mid-December

MicroSalt PLC - London-based developer of manufacturing process that produces a salt crystal about 100 times smaller than traditional salt, providing saltiness with lower sodium - Says initial public offering on AIM market in London will take place in mid-December. MicroSalt previously had planned to IPO in mid-October and then had delayed that to mid-November, without giving a reason. The broker and nominated adviser for MicroSalt is Zeus Capital. London-based intellectual property investment company Tekcapital PLC holds an 87.2% stake in MicroSalt, while VHM Global Research Inc has 5.9%. Provides no sizing or pricing details for planned IPO.

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17 Nov 2023 11:18

IN BRIEF: Tekcapital investee launches new smart glasses charger

Tekcapital PLC - London-based intellectual property investment company - Innovative Eyewear launches new edition of patent-pending Lucyd Dock for its Lucyd Lyte smart eyewear. New features include compatibility with all Lucyd models, charging ports for smartphones and other devices, and USB data capability. Dock 2.0 however maintains prior retail price of USD34.99. TekCapital also notes that Innovative Eyewear glasses are ChatGPT enabled. The company owns an approximate 40% stake in Innovative Eyewear, comprising 5.2 million shares. "We are closer than ever to our goal of the world's most user-friendly smartglasses with the launch of the Lucyd Dock 2.0," says Innovative Eyewear's Chief Executive Officer Harrison Gross.

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1 Nov 2023 14:54

CORRECT: Tekcapital's MicroSalt strikes distribution deal for crisps

(Correcting Tekcapital PLC share price.)

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1 Nov 2023 12:00

Tekcapital's MicroSalt crisps to be distributed by MR Williams

(Alliance News) - Tekcapital PLC on Wednesday said MicroSalt's low sodium SaltMe! Crisps will be sold by distributor MR Williams in Henderson, North Carolina.

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20 Oct 2023 14:26

IN BRIEF: Tekcapital's MicroSalt delays planned IPO to mid-November

MicroSalt PLC - London-based developer of patent protected and scalable manufacturing process that produces a salt crystal that is about 100 times smaller than traditional salt - On Tuesday, delayed planned initial public offering to mid-November, without giving a reason. IPO was originally planned to take place on Wednesday this week. London-based intellectual property investment company Tekcapital PLC holds an 87% stake in MicroSalt.

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19 Oct 2023 11:52

IN BRIEF: Tekcapital says MicroSalt crisps to be sold in Longs Drugs

Tekcapital PLC - London-based intellectual property investment company - Says Hawaii-based pharmacy chain, Longs Drugs, will supply MicroSalt's 'SaltMe!' crisps in their stores. Tekcapital holds an 87% stake in London-based Microsalt. Microsalt's patent protected and scalable manufacturing process produces salt crystals about 100 times smaller than those in traditional salt.

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17 Oct 2023 14:52

IN BRIEF: Tekcapital's Innovative Eyewear launches new products

Tekcapital PLC - London-based intellectual property investment company - Innovative Eyewear Inc launches new collection of eyewear with "enhanced features and comfort." Says the Lyte XL collection launched Tuesday on Lucyd.co and Amazon.com. Takcapital has a 40% shareholding in Innovative Eyewear.

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