Small caps round-up: Renewable Energy Holdings, Harvey Nash, Cyan ...

Renewable Energy Holdings has completed the sale of its CETO wave power technology to ASX-listed Carnegie Corporation. REH received a 33% stake in Carnegie in return for the CETO technology. This stake is valued at just over £30m. That is nearly 60% more than the valuation for the whole of REH. Recruiter Harvey Nash has appointed Lord Digby Jones as Senior Advisor to the group. The former CBI Director-General and Minister of UK Trade & Investment joins the organisation to share his wealth of experience as a global business ambassador.Microcontrollers developer Cyan has raised £1.84m net at 2.1p a share to help finance working capital when orders start to come through. In May, Cyan raised £1.2m at 1.5p a share and it still had £1.5m in the bank at the end of June. Edison estimates that Cyan will have £2.6m in cash at the end of October, which will be enough to see it through to profitability. Green technology group TEG has signed Heads of Terms for a proposed collaboration agreement with Anagest to develop a co-located anaerobic digestion and in-vessel composting facility on Anagest's site at Stormy Down near Bridgend. It is intended that the site will be developed to provide up to 70,000 tonnes per annum of organic waste treatment capacity.African Medical Investments has acquired a sea view property located in the exclusive Polana district in Maputo, Mozambique in return for 10m of its own shares. This will be the site of a 30 bed hospital, trauma centre and Well Woman Clinic. Intercede has a contract to provide identity cards for three million citizens and visa holders in Kuwait. The identity and credential management software supplier worked in partnership with VeriSign and HID Global. Intercede has £3.91m in the bank. Interactive video software group i-Point-media has been granted a patent for key elements of its Vitrage video distribution technology. 'The patent creates an opportunity to enhance our competitive positioning on the market, and represents a future revenue potential based on licensing and royalties,' said the company's chief executive officer Muki Geller.Oil and gas products and services provider Rheochem has won a contract to supply Chevron Australia's deep water drilling programme in Western Australia. The contract runs until 19 March 2012.Educational specialist RM Group has had its contract to provide Scotland's national education intranet extended by two years. The contract extension is worth £10m.