Member Info for Hedgehog100

Dirt cheap, with the nearer term funding uncertainty removed, and the Chairman seeking to buy in in size.

And multi-million asset sales income expected soon.

This looks like a turning point to me, and a very compelling buy opportunity.

I totally agree.

This restructuring takes away the nearer term funding uncertainty.

The worry that there might be a refinancing at a discounted s.p. has been removed.

And the Chairman James Parsons wishing to buy in is clearly very bullish.

The Align debt, of £500,000, doesn't mature until 30th. April.

And the Avonmouth & Tring sales in particular are expected to bring in £2.1M. before then, which is over four times the level of the Align debt.

Which could be rolled over in any case, similar to today's restructuring.

Considering the very significant progress this year, c. 10% is not a lot more to pay.

CRCL looks even better value now than it did a year ago.

In addition to the FGS projects, acquiring the huge Wo Wo Gap nickel project in full was a major coup, which I think exceeded the expectations of most shareholders - getting even half of it would have been good.

Especially as it was gained via the very shrewd acquisition of discounted debt owed by RMI (Resource Mining Corporation), Wo Wo Gap's previous owner.

This transaction was probably facilitated by the fact that CRCL shares a large strategic shareholder with RMI: i.e. Sinom Group (Aurora Nominees), the vehicle of a Chinese billionaire, who was doubtless attracted by the potential synergies with CRCL's nearby Mambare nickel project.

Wo Wo Gap is the second biggest nickel project in the Southern Hemisphere, but a combined operation with Mambare could be the biggest in the world.

CRCL has confirmed that Sinom would fund and/or provide offtake partners/financiers from China to develop the nickel projects, and early stage near-surface mining (similar to tailings dumps) has been targeted as soon as the mining licence is awarded.

The nickel price has more than doubled in the last few years, to its current price of about US$20,000 per tonne, and is forecast to double again in the next few years, driven by burgeoning batteries demand.

A related company to Windward is TRAC (formerly STAR): t42 IoT Tracking Solutions.

Like WNWD it's an Israeli company that is offering to track containers, and is in advanced stage discussions for such projects.

"Global shipping container tracking

Multi-sensor IoT tracking device
Wide range of detection capabilities
State-of-the-art command center
Cloud-based analytics & alerts

The Problem
99.9% of shipping containers are not tracked or inspected for security resulting in $50 billion estimated cargo-theft costs and other related losses per annum.

The t42
State-of-the-art, tamper-proof, ragged, multi-sensor container lock and encrypted global data transmitter.

24x7x365 secured data transmission.

Monitors location, acceleration, temperature, humidity, impact, tilt, light conditions and more.

Provides intelligent detection of course deviation, temperature deviation, humidity deviation, tampering attempts, vessel, accident, container damage and actual breach.

Contact us for a Demo"

https://www.t42.co.uk/

TRAC's current annualised revenue is about US$4.5M., based upon the first half.
In comparison, just a few years ago, in 2017, Windward's annual revenue was US$5.9M., i.e. only about 30% higher than TRAC's at the moment.

TRAC, at it's current s.p. of 12.5p, has a market cap. of just £6.57M., despite its multi-million dollar & pound turnover, and being not that far from breakeven.

WNWD's current market cap., at 204p, is £166.54M.

Windward only launched its container tracking service a few months ago, which seems to highlight the market opportunity here.

Container transport is a multi-trillion dollar industry, so there should be plenty of business for both companies, and both companies can help to highlight the desirability of container tracking.

TRAC though must have a head start in this area ... and potentially could be a takeover target for Windward.

From the 3.11.21 RNS from STAR (now TRAC):

" ... The change of name will coincide with a rebranding of the Company's various products and technology and a relaunch of the product range as part of a revised strategy that focuses on the container and freight market. This strategy, and the rebranding that it represents, is intended to leverage the market opportunity that has been presented by the major problems currently being suffered in the shipping and freight movement sector. We believe that the substantial increases in freight costs and the disruption to supply chains increase the need for our superior tracking and monitoring technology as shippers seek real time information to better control their assets in motion.

As reported, the Company is in advanced stage discussions for a number of potentially substantial projects concerning the supply of Starcom's various devices for the tracking and monitoring of containers and related items. Should these be successfully concluded they could provide significant revenues over the next few years, incl

"... Windward's Container Insights allows Windward customers to deal with these challenges by providing data and tracking information on any container of interest and connecting the container to any vessel, location, and entity. This unique ability enables users to monitor in real time the location of the container, its status, and expected and scheduled ETA. Windward's customers in the financial and insurance sectors can effortlessly screen containers of interest as part of their counterparty due diligence processes. The system also provides an independent validation capability for BOL verification and with insights on the actual delivery status, stakeholders can ensure critical transaction steps. Governments can leverage Container Insights to investigate leads regarding suspicious containers that are expected to arrive at a port. Ultimately, this data can support border control as well as customs and law enforcement operations in real time.

"Windward is growing at an incredible pace. We are launching new capabilities, expanding our data sets, and continuously updating our behavioral models," said Ami Daniel, CEO and Co-Founder of Windward. "Maritime trade is multi-faceted and often stakeholders don't have all of the insights they need to fully assess the risks involved. Risk insights for containers of interest and BOL verification are essential for any entity that deals with global trade to understand the full picture of who they're conducting business with. This new capability combined with our Company Risk and Vessel Insights provides our users with a one-stop shop for all maritime trade operations."

About Windward

Windward is the leading Predictive Intelligence company fusing AI and big data to digitalize the global maritime industry, enabling organizations to achieve business and operational readiness. Windward's AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, and business. For more information visit windward.ai."

https://finance.yahoo.com/news/windward-launches-container-insights-enhance-110000047.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAHHvL_uYJsDCoRy7RpeUwpRHLs6l_Z-2lhEnGayGhjUhmtcyoOVc0NzZBx_zIW4AhOkYK5aBXovYZoJuR3ppF7TvYwBx-lokNVdJKEbEwzn9uD3tQhyGqODRhP2U1SUMnVVwjrFDfUCykWbbilKxVe1Bxa3au6W2twxVV4WFDQ35

"Windward Launches Container Insights to Enhance Due Diligence Processes in Trade Finance and Maritime Investigations

July 21, 2021·3 min read

Container Insights enables the identification, screening, and monitoring of any shipping container in real time, including BOL verifications

LONDON, July 21, 2021 /PRNewswire/ -- Windward, the Predictive Intelligence company applying AI to transform global maritime trade, announced today the launch of Container Insights, a capability that enhances the company's current Cargo Insights to provide live screening and tracking of containers and BOL verification. The new capability optimizes and increases the efficiency of screening processes for trade finance transactions and enables government agencies to investigate suspicious containers, providing them with a holistic view of vessels, behaviors, companies, and containers, all in one platform.

Seven out of the twelve trillion dollars of seaborne trade are transported via containerized goods. As part of any due diligence process in a transaction, banks screen every company and vessel involved in the deal. Container numbers are included in the Bill of Lading (BOL) and Letter of Credit (LC) but do not necessarily contain the vessel IMO (International Maritime Organization) number making it difficult for banks to fully vet the transaction. Additionally, as part of anti-money laundering and fraud processes, banks need to independently investigate and validate that those transactions indeed took place and were not used as methods of laundering money.

Containers are also commonly used for the smuggling of illicit goods. For example, UNODC seizure data indicates that most of the cocaine available in European drug markets is smuggled to Europe by sea, primarily in maritime container shipments entering at major container ports such as Antwerp, Rotterdam, Hamburg, and Valencia. To counter this trend, governments need to have a full picture of all actors, vessels, and cargo within their domain and have the ability to identify suspicious activity before smuggled goods reach their shores. ..."

https://finance.yahoo.com/news/windward-launches-container-insights-enhance-110000047.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAHHvL_uYJsDCoRy7RpeUwpRHLs6l_Z-2lhEnGayGhjUhmtcyoOVc0NzZBx_zIW4AhOkYK5aBXovYZoJuR3ppF7TvYwBx-lokNVdJKEbEwzn9uD3tQhyGqODRhP2U1SUMnVVwjrFDfUCykWbbilKxVe1Bxa3au6W2twxVV4WFDQ35

"Embarking on an era of smart containers

29 September, 2021|1 min read

To overview

Can the ‘smart container’ be the catalyst to once again revolutionize this industry, traditionally more focused on physical assets? To find the insights, watch this virtual event with our guest speakers of MSC Mediterranean Shipping Company, Digital container shipping association, and Traxens, a market leading developer of container tracking devices."

https://www.ingwb.com/en/insights/online-events/embarking-on-an-era-of-smart-containers

"Sensor ships: why smart containers are the future of shipping

4 min read

To overview

The transportation of cargo around the world is routine business for the shipping industry, but delivering about 11 billion tons of goods a year is a process that is fraught with risk.(1)

.. Make containers smarter

Smart containers are one way to create a more efficient, safer and more sustainable shipping supply chain. These are much like regular containers, but are pre-installed with sensors.

“A smart container is just a regular container, but you put a little chip in it that has a connection with a network,” explains Jules Kollmann, managing director, Containers and Logistics, ING.

The idea behind equipping containers with an array of sensors is that they can collect real-time data about everything from the temperature inside a container to its exact location – thanks to GPS tracking.

This big data approach promises a lot, so what exactly are the advantages of collecting all that data?

Big data means more efficient, more sustainable outcomes

Collecting such data can help to optimise the supply chain. Sensor data provides hyper-accurate information about the location of a container, allowing for optimised fleet management that results in less repositioning and more efficient use of fuel. Often, energy is wasted as a result of the shipping and repositioning of empty containers: estimates suggest up to $20 billion a year is spent on this activity that leads to unnecessary fuel consumption.(6) Research from the Boston Consulting Group has previously estimated that avoiding empty container shipping “for carrier-specific reasons” could allow the industry to reduce carbon emissions by six million tons per year.(7)

This can also ensure fleets avoid potentially hazardous patches of weather that could result in cargo being thrown off board or damaged, an issue that can cause significant environmental damages. ..."

https://www.ingwb.com/progress/insights-sustainable-transformation/sensor-ships-why-smart-containers-are-the-future-of-shipping

"Member Info for Lazareth"
"Member Since
30th Nov 2021"

Interesting that Lazareth joined LSE only about a week ago, just to attack CRCL.

And I think it's fairly obvious who he is from ADVFN - someone not very Helpfull!

I suggest that he stops the abuse here, which LSE doesn't tolerate, or he may find himself very quickly restricted to ADVFN again.

Losses for development stage companies like this are the norm, so why pick on CRCL for this, out of about a hundred companies in the AIM mining sector?

CRCL's losses are relatively small in comparison to many, and not many have the assets that CRCL has, or the expectation of millions of pounds of income coming in in the near term.

And of course debt can be restructured: its entirely false to claim that it will have to be repaid over the next 12 months.

In addition, the losses are not just keeping the company afloat: the development progress and value-creation this year has been very significant, and is clearly set out in CRCL's results statement yesterday.

The expected £3.6M. of near term FGS (flexible grid solutions) income could cover all debts, and with plenty left over.

And additionally, it would prove CRCL's FGS development business model, with an ongoing pipeline of opportunities to monetise.

With the income from these nicely funding CRCL's exciting battery metal projects.

2022 isn't far away now ...

Draft,

Most IT software & services companies have been hit by the pandemic.

See for example the trading update from SYS last month:

29th Oct 2021 7:00 am RNS Trading Update and Notice of Results
" The Group expects to report revenue for H1 of £7.58m (H1 FY21: £9.01m), 15.8% lower than H1 FY21. As noted at the time of the Group's FY21 final results, customers have continued to defer and curtail expenditure decisions as a result of the pandemic and our sales teams have continued to face restrictions in their ability to have in-person interactions with customers and prospects to develop the sales pipeline. Operationally, performance has been robust. SysGroup continues to benefit from lower overheads as a result of integration synergies delivered from past acquisitions and the Group has diligently managed its operations whilst continuing to invest as required in the business. ..."
https://www.lse.co.uk/rns/SYS/trading-update-and-notice-of-results-v4b68wiwc9bssag.html

But the OSI share price fall could arguably be a blessing in disguise if it triggers a takeover.

An acquirer could bid double the current share price an still be getting a real bargain.

22nd Oct 2021 9:00 am RNS Major Investment to Raise £5.6 million
https://www.lse.co.uk/rns/IRON/major-investment-to-raise-16356-million-02lfmaw40cbxx0e.html

And remember that it doesn't have to be a 7a.m. RNS.

The major 22.10 news was released at 9a.m.

And IRON has sometimes released RNSes in the afternoon.

29th Nov 2021 7:00 am RNS Trading Update
" ... David Guyatt, CEO of Osirium, commented:
"As a reflection of the demand for our services, we have continued to see growing customer numbers as we progress through the second half, along with sustained customer retention of >95% by value. While lower contract values have impacted our bookings and revenue, we believe our expanded market reach and penetration provides a good opportunity from which to execute our 'land-and-expand' strategy as the market continues to gain momentum and evolve. We will continue to review the Group's strategy for delivering long term shareholder value."
Simon Lee, Chairman of Osirium, added:
"While we remain confident in the long-term outlook for the Group and the demand for its services, we continue to consider the best options to ensure continued growth and to take advantage of the significant opportunities in the Privileged Security space." "
https://www.lse.co.uk/rns/OSI/trading-update-gaad52mxhxtfbgh.html

A decent OSI 2021 performance in the circumstances of the pandemic.

Being only slightly behind market expectations isn't bad - it means that the company is close to meeting them.

And turnover about the same as last year is relatively good, considering the turnover falls suffered by many other companies.

The comments from the CEO and Chairman at the end are interesting, i.e. reviewing OSI's strategy to deliver value, and considering options to ensure continued growth etc.

I agree Draft that it sounds like the company could be considering putting itself up for sale - perhaps they have already had overtures that they are considering?

At a market cap. of just a few £M., OSI is a sitting duck for a takeover.

There have been periodic stockmarket jitters since the pandemic crash in March of last year.

But they've been shrugged off relatively quickly, and good value companies have tended to rebound well.

And Ironveld will look particularly well-placed with its funding arranged, and a shovel-ready project in sought-after metals.

2022 looks like it will be a very exciting year for OTAQ, with potentially breakthrough progress on a range of fronts.

And yet at the current depressed s.p. of just 24.5p, it's being valued as a value play: net assets as at 31.3.21 were about £6M.

It's not often that you get the opportunity to buy a growth company with such huge potential at the price of a dull value stock, and it's from this combination that mega-multibaggers can be made.

20th Jul 2021 7:00 am RNS Final Results

" ... In the meantime, our ADDs are being deployed in increasing numbers in Chile, notwithstanding the ongoing Covid biosecurity restrictions that are in place. The number of operational ADDs in that market has increased from 142 as at April 2020 to 264 at the end of June 2021 and several large-scale trials are currently underway utilising our technology. The Chilean aquaculture market is substantial and estimated to be over three times larger than the Scottish market where we are currently most active. We look forward to further growth of our ADDs in Chile and other geographic markets where similar trials are currently underway and the regulatory framework is more settled.

In addition to our acoustic deterrence technology, the Group has been busy over the past 12 months developing adjacent technologies that will broaden our reach into the global aquaculture sector. Specifically, we have advanced the shrimp biomass measurement technology through our strategic partnership with Minnowtech and expect to be able to commence commercial sales in early 2022. Likewise, through a collaboration with Blue Lion Labs in Canada, we have accelerated the development of our phytoplankton detection technology and expect to be able to demonstrate its effectiveness in the first half of 2022. Phytoplankton, or "algal bloom", is a major disease challenge for the aquaculture industry generally and it is estimated the global aquaculture industry suffers $3.4 billion in damage and losses annually due to organisms such as algal blooms and harmful phytoplankton. Early detection of this problem should allow farmers to deploy their defence systems early enough to markedly reduce the losses and improve overall fish welfare. ..."

https://www.lse.co.uk/rns/OTAQ/final-results-per68letf081xak.html

" ... Biomass
Marine farming demands a real-time, accurate, method of measuring average weight and total in-cage biomass. At present, there is no system available which fulfils these specific market requirements. Fish farmers have several issues facing them which can be solved with artificial intelligence and machine vision:
* Fish size / Biomass: it is essential for farmers to understand how big their fish are, size distribution and total biomass within each cage;
* Sea Lice detection: salmon farmers have to check and report on sea lice levels daily which takes up a large amount of time and effort; and
* Feed pellet detection: there is a desire to automate the detection of feed pellets so that feeding becomes more automated, precise and less manual.
The Existing OTAQ Group’s proposed biomass system envisages a high resolution stereo camera and AI machine learning. Each of the issues faced by salmon farmers listed above could potentially be addressed by the biomass technology currently in development.
The biomass system, if successfully developed, would offer accurate measurements in a robust, cost effective package. The system would be deployed permanently in every cage and supplied on a service model. The Existing OTAQ Group have now completed the stereo camera test module and a collection of imagery from field testing is being compiled. The major obstacle facing the Existing OTAQ Group is the refinement and training of the artificial intelligence system but two of the major customers have indicated that they will assist with testing.
The inclusion of a pellet (fish food) counting device is also being considered within the biomass technology in development."

https://www.otaq-ir.com/investors/corporate-documents

https://www.otaq-ir.com/docs/librariesprovider59/default-document-library/final-hertsford-prospectus-24-march-2020.pdf

From the Hertsford Capital plc (then to be renamed OTAQ plc) prospectus (dated 24 March 2020):

"New products
The Existing OTAQ Group continues to develop its Sealfence product and in addition to ongoing upgrades the Existing OTAQ Group is also developing versions of Sealfence that can be used in other situations such as for salmon trap nets which are widely used in Finland and other Scandinavian countries and mobile units for other applications.

Plankton Detection
The Existing OTAQ Group also has a number of products in development to address some of the major issues facing salmon farmers outlined above. These include a Live Plankton Analysis System (“LPAS”) which is an algal bloom early warning detection system. Salmon farmers currently analyse water samples manually once per day. If plankton is detected, the farmers may stop feeding the salmon or activate bubble curtains to break up the plankton within the cages. LPAS would take continuous water samples and analyse them throughout the day. It is proposed that only one LPAS system would be required per farm which would be located strategically in plankton hotspot areas.
The LPAS technology if successfully developed would ultimately seek to establish a cloud-based database containing information from all LPAS sensors in one area which would eventually provide a precision / modelling system through the Existing OTAQ Group’s ISAQ cloud-based information system (to be developed pending successful development of LPAS technology).
OTAQ GL has received grants from the Scottish Aquaculture Innovation Centre and CENSIS, Scotland’s innovation centre for sensing, imaging and internet of things technologies, to fund the development of the LPAS technology through the University of Aberdeen’s Floe Cytometry Department’s involvement.
The concepts in respect of these products were exhibited at AquaNor (the world’s largest aquaculture trade show) in August 2019. However, it is not expected that commercial production of the LPAS technology will be possible for at least two years. ..."

https://www.otaq-ir.com/investors/corporate-documents

https://www.otaq-ir.com/docs/librariesprovider59/default-document-library/final-hertsford-prospectus-24-march-2020.pdf

"The FDA's Breakthrough Devices Program
... Requirements for participation
For a manufacturer to be able to obtain approval for their devices through the Breakthrough Devices Program, it must meet several requirements.
? The medical device provides for more effective treatment or diagnosis of life-threatening or irreversibly debilitating human diseases or conditions. Examples would include strokes, heart attacks, cancer, severe trauma and ALS.
? At least one of the following criteria must be met:
? The device is a technological breakthrough (breakthrough technology). For example, a new genetic test that would allow the treatment options to be evaluated better.
? There are no approved alternatives. According to the FDA, there is currently no device that can diagnose Parkinson's disease directly.
? It offers a significant improvement compared to approved alternatives.
The device is in the best interest of patients. This would be the case if the alternatives have major side effects or if the new device significantly improves the diagnostic options and their use. ..."
https://www.johner-institute.com/articles/regulatory-affairs/fda/breakthrough-devices/

The FDA seem to be very seriously considering Cardio inCode(R) for Breakthrough Device Designation.

Which is not surprising, as it appears to meet the qualifying criteria well.

If it gets it, the pathway to approval and sales in the US would clearly be accelerated.

But it would also provide a real boost in terms of kudos and distinction.

25th Nov 2021 7:00 am RNS Trading update

... -- CPT coding for Cardio inCode(R) and commencement of CMS payer and reimbursement discussions - The Company is now finalising the CPT-PLA coding draft and expects to file its coding application in Q1 2022. CMS discussions are anticipated to commence regarding reimbursement in the New Year.

-- Royal Brompton & Harefield set-up and commissioning for Lipid inCode(R) hypercholesterolemia testing - The Company has successfully completed the validation of its hypercholesterolemia testing at the Royal Brompton Hospital Genetic Labs in London and expects to start commercial testing with UK private payers and NHS Academic Health Science Networks (AHSNs) over the coming month.

-- Indiana University and New York Presbyterian collaborations - The Company is finalising collaborative agreements with both these flagship facilities to advance the clinical diagnosis of CVD. Initial collaborative work will focus on the introduction of Cardio inCode(R) and Thrombo inCode(R) products for CVD and COVID-19 clinical study assessment.

-- US CLIA (Clinical Laboratory Improvement Amendments) authorised testing facility - Discussions are ongoing with a number of CLIA labs to implement Cardio inCode(R) genetic test service delivery for the US market. The Company expects to announce further CLIA developments over the coming months.

-- UK Hypercholesterolemia study for Lipid inCode(R) - The NHS 'Evaluation of novel rapid genomic test (Lipid inCode(R)) including polygenic risk scores for the diagnosis and management of Familial Hypercholesterolaemia' study is due to report its findings in the international journal ' Global Cardiology Sciences and Practice' over the coming months. The publication is currently with the editorial board.

-- First COVID-19 Thrombo inCode(R) evaluation study for genetic predisposition to thrombosis - St. Pau hospital, Barcelona - Preliminary data from the Company's first COVID-19 study indicates that there is a correlation between inherited thrombophilia (blood clotting) and more severe complications for individuals suffering with COVID-19. Preliminary data from a second COVID-19 study is anticipated over the coming months.

-- Trading outlook - Over the H2 2021 reporting period the Company has seen increased EU product revenues in line with market guidance.

Matthew Walls, CEO of GENinCode Plc said: " Since admission in July, we have made solid progress in delivering the key milestones set out in our business plan. The business is developing swiftly and we are increasing our investment in key resources and expertise to take advantage of growth opportunities opening to us and strengthening our Board to include a greater US market presence, awareness, and expertise to reflect our long-term goals. We look forward to updating the market and our shareholders in due course."

https://www.lse.co.uk/rns/GENI/trading-update-p0br41a581awfmg.html

25th Nov 2021 7:00 am RNS Trading update

Trading and progress update

GENinCode Plc (AIM: GENI), the predictive genetics company focused on the prevention of cardiovascular disease, provides the following trading and progress update ahead of its financial year end on 31 December 2021.

Following the successful admission to AIM in July 2021 and ramp-up in operations over the second half of this financial year, the Company is now moving towards a number of important milestones which will drive its growth and profile over the coming years.

These milestones are expected to accelerate the Company's commercial programme to lift the Standard of Care for cardiovascular disease ("CVD") by enabling more precise patient diagnosis and risk stratification to improve preventative care.

The Company is focused on delivering the plans set out in its admission document, especially around the preparation for the US launch of Cardio inCode(R) in 2022. In summary:

-- Cardio inCode(R) de-novo submission for US regulatory approval with the FDA - The Company continues to have constructive and ongoing discussions with the FDA and is finalising its de-novo application. The de-novo submission is expected to be filed by the end of this year.

-- Breakthrough Device Designation (FDA) for Cardio inCode(R) - Discussions continue to progress with the FDA to advance Cardio inCode(R) as a 'Breakthrough device'. Discussions have been extended partly due to FDA workload, but also resulting from a detailed assessment of GENinCode's CVD prognostic device which, in turn, has given the Company confidence to file its de-novo submission earlier than it might otherwise have planned. The Company remains well placed to complete this process over the coming months.

-- Cardio inCode(R) launch programme with EVERSANA Life Sciences LLC for introduction to US market in 2022 - The Company is working closely with its new collaborative partner EVERSANA to finalise the programme for the Cardio inCode(R) launch, expected in H2 2022. The EVERSANA health team comprises of a multi-disciplined group of experts covering market access, reimbursement, regulatory and field sales, supporting the commercial development of the Company's US programme. ...

https://www.lse.co.uk/rns/GENI/trading-update-p0br41a581awfmg.html