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(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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PureTech Health PLC - Boston, Massachusetts-based biotherapeutics - Signs clinical trial and supply agreement with an affiliate of BeiGene Ltd to evaluate BeiGene's tislelizumab, an anti-PD-1 immune checkpoint inhibitor, in combination with PureTech's LYT-200, an investigational monoclonal antibody targeting galectin-9, for the potential treatment of difficult-to-treat solid tumour indications that are associated with poor survival rates. "We believe LYT-200 has the potential to engage the immune system against what are currently intractable cancers, both as a single agent and in combination with checkpoint inhibitors. We look forward to evaluating whether LYT-200 in combination with BeiGene's tislelizumab can improve outcomes for patients with metastatic solid tumours," PureTech Head of Oncology Aleksandra Filipovic says.
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Wincanton PLC - Wiltshire-based logistics firm - Confirms that strong revenue performance recorded in the second half of the prior year has continued into the first quarter of new financial year, with "sustained growth and an attractive pipeline of opportunities" in each of the company's four sectors. "Wincanton continues to make operational and strategic progress and it is trading in line with expectations. Profits are up significantly on the same period last year," company adds.
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Seeing Machines Ltd - Canberra-based driver-monitoring technology company - Signs agreement with Airservices Australia to integrate company's technology into the air traffic control environment. The initial program of work is valued at around AUD250,000, about USD187,000. "The company work with Airservices to jointly pursue the development and integration of head, eye and face tracking and the related high-level signals including; workload, fatigue and attention to support and optimize safe and effective controller performance in an increasingly automated air traffic control environment," company says.
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Somero Enterprises Inc - Fort Myers, Florida-based concrete levelling equipment company - Expects to beat previous 2021 guidance due to ending first half with stronger than anticipated trading in the US and momentum continuing into second half. Now expects 2021 revenue to be around USD110.0 million and adjusted earnings before interest, tax, depreciation and amortisation around USD35.0 million, previously seen at USD100.0 million and USD31.0 million respectively.
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Cohort PLC - defence and security markets-focussed technology company - Wholly owned subsidiary Elac Sona GmbH wins EUR49 million order from Leonardo SpA, sonar systems for two new U212 Near Future Submarines being supplied by Fincantieri for the Italian Navy. The contract also includes delivery of special test and training tools and associated technical services. Work on the contract will commence immediately and will complete in 2030.
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K3 Capital Group PLC - Bolton, England-based advisory services provider - To buy M&A advisory firm Knight Corp Finance Group Ltd and research and development tax advisory firm Knight R&D Ltd. Plans placing to raise GBP10.0 million to pay for two acquisitions. Will place 2.9 million shares at 340 pence each. "The acquisitions are in line with K3's strategy to acquire complementary and value accretive businesses to build out its existing SME focussed service lines. The proceeds of the placing will be used in part to fund the acquisitions and to satisfy an element of fees payable in relation to the placing and the acquisitions," company says.
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7digital Group PLC - London-based music licensing provider - Signs 24-month contracts with two new clients: Barry's fitness brand, and Volava, a European interactive fitness platform. "The companies will use 7digital's music platform-as-a-service to power their services in the fitness industry, a strategic growth market for 7digital. Both contracts, signed with Barry's Bootcamp Holdings, LLC, and Volava SL, respectively, commence immediately and consist of an upfront set-up fee as well as recurring monthly revenues," company adds.
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Beximco Pharmaceuticals Ltd - Bangladesh-based generic pharmaceutical products and active pharmaceutical ingredients maker - Notes Serum Institute of India unable to supply any further vaccine doses to Bangladesh beyond the seven million doses that had already supplied to Bangladesh during January and February 2021, due to Indian government's controls on vaccine exports. "Beximco Pharma's original agreement with SII and GOB remains valid until June 14, 2022 and all parties anticipate that SII will be able to re-commence exports to Bangladesh once the temporary export controls from India have been relaxed when, as previously announced, the company will collaborate with SII to provide a revised supply schedule for GOB," company adds.
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Coro Energy PLC - South East Asian energy company - Notes 20%-owned subsidiary on Ventures Holdings Ltd signs new partnership with GLIL Infrastructure Fund LLP for ion Ventures' portfolio of grid scale energy storage projects in the UK. "Pursuant to the partnership, GLIL has committed up to GBP150 million of capital to a newly incorporated vehicle, Flexion Energy Holdings UK Ltd, with ion Ventures transferring its existing portfolio of UK grid scale energy storage projects into Flexion, as well as all of its future business associated with the development of UK grid scale energy storage assets," company explains.
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Starcom PLC - remote tracking systems firm, headquartered in Jersey - Wins smart guard innovation challenge for its Lokies keyless padlock at recent DHL Logistics & Supply Chain Summit. "This has led to the initiation of a trial of Lokies by DHL in one of its main global hubs in Singapore to examine all aspects of the product, both technical and commercial, with a view to DHL potentially trialing the Lokies smart padlock with some of its customers," company explains. Adds: "At this stage there is no commitment from or contract with DHL, or significant revenue from the trial, and the duration of the trial is unknown."
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Catenae Innovation PLC - London-based data management services provider - Subsidiary Hyperneph Software Ltd develops cloud-based platform and mobile app that is being used with a charity working in conjunction with public sector organisations. The agreement is for a period of up to 12 months and is currently on trial in a major UK city. "The mobile app enables Hyperneph's customer to introduce an individual to a service provider and subsequently tracks the progress of their initial engagement, whilst respecting the privacy and rights of the person under the UK's GDPR legislation," company explains. Initial contract value is GBP12,500. "If the project is successful it could be rolled out on a wider scale across the UK, with the potential to generate recurring income for the group," company adds. Hyperneph is 51%-owned by Catenae.
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Tiger Royalties & Investments PLC - London-based royalties and proactive investments group - Says net asset value per share ends second quarter at 0.30 pence versus 0.23p at March 31.
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By Paul McGowan; paulmcgowan@alliancenews.com
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