(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Kooth PLC - London-based digital mental health platform - Formalises USD3.0 million contract with US state of Pennsylvania. The contract will see Kooth provide its platform to 30 school districts within Pennsylvania, and if, the pilot is successful, the contract will be extended to include more of the state's 500 school districts. "We are delighted that this contract, which represents a major step in our drive to expand in the US, is now formalised and that we can not only begin working to bring our leading digital mental health platform to this new market but, more importantly, to help children and young people across the state of Pennsylvania," says Chief Executive Tim Barker.
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Boku Inc - London-based mobile payments - Adds Japan's PayPay and LINE Pay mobile wallets to global sports streaming platform DAZN. "Adding PayPay and LINE Pay as payment options ensures that Japanese DAZN customers can utilize the payment method they prefer, with greater convenience and security than credit card payments," Boku explains. Says that 75% of Japanese consumers are using mobile wallets, expects this number to reach 98.6% by 2025.
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Supply@Me Capital PLC - London-based inventory monetisation platform - Finalises new unsecured bank loan for its Italian subsidiary, Supply@ME Technologies Srl, with Italian bank Banco BPM. Loan is for EUR1 million and is payable over a five-year term. Says the loan will be used for investment in technology, underpinning the Supply@Me platform. Chief Executive Alessandro Zamboni says: "We are very pleased to secure this loan facility with Banco BPM, which follows the analysis of the group's business plan and product suite. This is a key development for the business which will help to lower the cost of capital for the group."
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Tekcapital PLC - London-based intellectual property investor - Says its portfolio company MicroSalt Ltd has partnered with Presty! Foods for the development and roll-out of low-sodium solutions across Presty's line for plate-ready meals. MicroSalt is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt. Expects the partnership to position both MicroSalt and Presty! Foods as "leaders in the low-sodium prepared foods initiative" and expand their customer base. Tekcapital owns 97% of the share capital of MicroSalt Ltd and 73% of MicroSalt Inc, its US subsidiary.
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Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Signs two new zoo partners. Says it will install its first 12-seat outdoor solution at Dallas Zoo and an eight-seat "Gorilla trek" at Oklahoma City Zoo during the fourth quarter of this year. Says both zoos have over one million visitors per year. Adds that it has 136 motion platform seats in stock and it is well positioned to take advantage of opportunities ahead.
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OnTheMarket PLC - Aldershot, England-based property search portal operator - Says that following the company's admission to London's AIM in February 2018, it signed a number of contracts with a five-year minimum term and some of these contracts have now been renewed. Also signs a new agreement with Lomond Group to list its properties with the portfolio. "The fast-growing network of sales and lettings businesses encompasses over 60 branches across many well-known agency brands located across England and Scotland," it says.
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By Sophie Rose; sophierose@alliancenews.com
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TekCapital (TEK)
Supply@me Cap (SYME)
Boku (BOKU)
Kooth Plc (KOO)