TRADING UPDATES: Avingtrans subsidiary secures CE certification

Wed, 13th May 2026 13:29

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

----------

Ixico PLC - London-based medical research company, focused on analysing trial data using neuroscience imaging and biomarkers - Reports the release of the latest version of IXI, its proprietary AI-enabled neuroimaging platform that delivers clinical trial imaging and biomarker insights for neurological disease research. Says IXI 10.0 brings progression in image reading precision and analysis, and allows larger and faster image data processing. Adds that it also integrates new tools for remote image access and data quality qualification. "The latest generation of our AI-driven technology platform IXI hosts some of the most advanced algorithms in neurodegenerative disease, increases accuracy and processing capacity and further strengthens data quality oversight, all while simplifying user interaction and integration in established partner platforms. This all with one objective in mind : helping biopharma make earlier and better-informed decisions," says Chief Executive Bram Goorden.

----------

Falconedge PLC - London-based firm, provides advisory and operational solutions for asset and fund managers - Reports a "strong" performance in April from its bitcoin yield strategy, noting a yield of 1.1% and incremental bitcoin growth of 0.22 bitcoin. Reports total bitcoin holdings of 20.50 bitcoin and a fiat April denominated return of GBP12,599. Notes this is based on the bitcoin closing price as of May 1. "The close of April marks the commencement of Q2 and further underscores the unique nature of our strategy. These independently fully verified yield results underpin the consistency of our performance, which remains uncorrelated to broader market activity, macro events, geopolitical uncertainty, or Bitcoin price action itself," says CEO Roy Kashi.

----------

Agronomics Ltd - Isle of Man-based investor in cellular agriculture - Says portfolio company SuperMeat The Essence of Meat Ltd has completed the initial closing of its series A-4 round, raising USD6 million from Agronomics and New Agrarian Company Ltd, an affiliated company. Notes that Milk & Honey Ventures along with other existing investors subscribed as part of a targeted USD10 million financing. Agronomics says it is investing USD5 million in the round through the issue of new shares to SuperMeat, with New Agrarian participating via a USD1 million cash investment. Agronomics says it will issue 26.8 million shares at a price equal to 13.78 pence. Notes that SuperMeat is focused on the production of cultivated meat, with the funding anticipated to support its commercialisation strategy. "SuperMeat's Series A-4 financing marks an important step in its development and reflects continued progress towards commercial launch. Having supported the business since 2020, we believe the company is well positioned to advance its licensing-led strategy and we are pleased to continue backing the team through this next phase of growth," says Executive Chair Jim Mellon.

----------

Ecofin US Renewables Infrastructure Trust PLC- investment trust, which is currently in a managed wind-down, focused on the middle market of US renewable energy - Resolves to return around USD10 million to shareholders through the issue of B shares, following its recent asset disposals. Pursuant to this return, says the trust, B shares of USD1 each will be allotted and issued to shareholders pro rata to their holdings of ordinary shares. Notes fractional B shares will not be issued and entitlements will be rounded down to the nearest whole B share. Says the B shares will be paid up from distributable reserves and issued by way of a bonus issue on the basis of one B share for every 13.81 shares. Adds that the B shares will be issued on Friday and immediately redeemed at USD1 per B share, with the redemption date Friday.

----------

Avingtrans PLC - Cambridgeshire, England-based engineering firm - Subsidiary Adaptix Ltd gains CE certification for its orthopaedic 3D imaging system, Adaptix Ortho350. Notes that Adaptix is focused on transforming radiology through affordable, low-dose 3D digital tomosynthesis imaging at the point-of-care. Explains that the certification shows its imaging system meetings the stringent safety, health and environmental protection requirements of the EU and the UK. This, says Avingtrans, enables it to commercialise its technology across key European and UK healthcare markets. "Receiving our CE certificate for the Adaptix Ortho350 is a defining moment for the company in our mission to transform radiology. This approval enables us to bring truly disruptive, low dose 3D imaging directly to clinicians and patients in the UK and Europe," says CEO of Avingtrans Medical and Industrial Imaging Division Stuart Gall.

----------

Invinity Energy Systems PLC - London-based manufacturer of utility-grade energy storage systems - Confirms the delivery of a 20.7 megawatt hour vanadium flow battery has completed at the Copwood VFB Energy Hub, with the project anticipated to connect to the grid and begin operations later this year. Expects the project to begin generating revenue before the end of the year, subject to final confirmation from the local distribution network operator. "By building Europe's largest vanadium flow battery here in Britain, and manufacturing it in Scotland, we're showing that the clean energy transition can strengthen our energy security, cut system costs and create skilled industrial jobs at home," comments CEO Jonathan Marren.

----------

Alien Metals Ltd - minerals exploration and development focused on Australia - Says joint venture partner GreenTech Metals Ltd at the Munni Munni Platinum-Palladium-Copper-Nickel Project in Western Australia has raised AUD7.5 million, about USD5.4 million, through the issue of new shares. Explains that the funds are earmarked to commence phase two exploration and development activities at Munni Munni and GreenTech's Whundo project. Notes that as part of the fundraising, Alien has sold a proportion of its holding in GreenTech institutions, raising cash proceeds of around AUD700,000 through selling 9.0 million GRE shares at AUD0.075 per share. Adds that post-fundraise, Alien will hold 37.9 million shares in GreenTech, or around 10% of its issued share capital. "I believe that the decision to progress the Munni Munni Platinum-Palladium-Copper-Nickel Project with a well-funded joint venture partner with access to deeper pools of capital is the correct one for Alien. In particular, it positions Munni Munni to be advanced efficiently by a partner with a technical capability including a world class discovery team and financial resources to deliver exploration success," says Chair Bruce Garlick.

----------

Tern PLC - London-based 'internet-of-things' focused investor - Says Device Authority Ltd, in which it holds a 25.3% stake, has reported a strategic partnership with provider of identity‑led cybersecurity services and managed solutions, Xalient. Notes Device Authority's original announcement, where it explains that the "collaboration will strengthen Xalient's IoT security offering through the integration of Device Authority's KeyScaler platform, enabling scalable, automated protection for connected devices across complex enterprise environments."

----------

Idox PLC - Woking, Surrey-based software company focuses on government services - Updates on proposed acquisition by Frankel UK Bidco Ltd. Says that as of Monday, Frankel has received valid acceptances under the offer in respect of 405.0 million Idox shares, representing around 90.2% of Idox shares to which the offer relates. Notes that Frankel will exercise its rights to compulsorily acquire the remaining Idox shares not yet tendered into the offer. Adds that Frankel intends to re-register Idox as a private company following the cancellation of its shares on AIM.

----------

H-Power PLC - Cranleigh, England-based provider of hydrogen power-generation technologies formerly known as AFC Energy - Confirms Companies House has issued a certificate of incorporation on change of name, with its new registered name now H-Power PLC. This follows shareholder approval of the proposed name change at the companies annual general meeting last month.

----------

International Consolidated Airlines Group SA - London- and Madrid-based owner of British Airways, Iberia and other airlines - Agrees to repurchase EUR821.7 million of its outstanding 1.125% senior unsecured convertible bonds due 2028. Says this represents 99.6% of the aggregate principal amount of the bonds currently outstanding. This follows additional participation from bondholders after the initial buyback announcement on Monday.

----------

By Christopher Ward, Alliance News reporter

Comments and questions to newsroom@alliancenews.com