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past few hours a lot of big volume buys so i am staying positive that is for sure, Could it be with the article on the MusicWeek website this dinner time, coincidence?
https://www.musicweek.com/digital/read/melodyvr-rebrands-as-napster-confirms-london-stock-exchange-listing/082567
MelodyVR has raised investment of £6.48 million as it confirms plans to rebrand as Napster.
MelodyVR acquired Napster last year and is working to intergrate their operations. Napster is now set to be listed on the London Stock Exchange’s AIM listing on February 12.
The investment from Swiss corporate finance firm Nice & Green will commence this month.
The finance will support the development and launch of a new integrated mobile app, which will combine content and functionality from both the Napster and MelodyVR businesses to create a new music platform during the course of 2021.
Anthony Matchett, group CEO, said: "We are delighted to announce this convertible funding which will support the development of our new Napster music service throughout the course of 2021, whilst remaining in the best interest of shareholders due to the principal terms of the agreement. We are pleased to welcome Nice & Green as strategic investors into our company and look forward to working together more closely."
Benoit Villers, managing partner of Nice & Green, said: "Following its recent acquisition of Napster, MelodyVR will pioneer the next-generation of music service and offer the first ever music entertainment platform combining immersive visual content and music streaming. Nice & Green is proud to finance and invest in such an ambitious, disruptive and ground-breaking project supported by a fantastic team."
What are you guys thinking of doing with the recent news? Hold/ Sell and rebuy/ Sell/ See what happens for first hour or so?
Interesting read from a Ultra High Power battery cell manufacturer aiming to hit the stock market in March, one to keep an eye out for? Thoughts guys? Delete if not appropriate
https://www.msn.com/en-gb/money/other/thurso-battery-cell-maker-that-works-with-jaguar-land-rover-to-float-on-stock-market/ar-BB1dusGG
Thurso battery cell maker that works with Jaguar Land Rover to float on stock market
A Scottish battery cell specialist that works with the likes of Jaguar Land Rover, Cosworth and Williams is to float on the London Stock Exchange.
AMTE Power was co-founded in 2013 by Kevin Brundish, together with several others, including former colleagues from defence technology heavyweight QinetiQ.
The company, which is based in the Caithness town of Thurso, hopes to raise £7 million, with its share admission to the Alternative Investment Market (Aim) expected to take place during March. It becomes one of the few Scottish firms to brave the choppy waters of the stock market in recent years.
Brundish, who is the company’s chief executive, said: “Early on we chose to focus on the requirements of specialist customers whose power, performance and endurance needs are, we believe, outside the scope of the international manufacturers and also to not simply be a developer but have the manufacturing capability to deliver our products. The combination of which, we believe, differentiates AMTE and places us in a highly advantageous position.
“To give an example, our Ultra High Power battery cell which is designed for a high-performance sports car, needs to generate more power, than an average automotive battery, to deliver the required acceleration.
“To help develop and better understand the requirements for our products we have been working collaboratively with nine automotive companies including Jaguar Land Rover, Cosworth and Williams.
“We have also been working with the UK government on our plans for building a British gigafactory which is part of the company’s medium-term outlook. However, today’s announcement is about funding the final development and production of the company’s three advanced battery cells where we see significant commercial opportunities.”
The company said it was well placed as one of only five UK commercial battery cell manufacturers with its purpose-built facility at Thurso, which boasts the second largest cell manufacturing capacity in the UK.
n addition to its Thurso facility, the firm has entered into a framework agreement governing access to the UK Battery Industrialisation Centre cell manufacturing facility and, in 2022, intends to commit to building a new UK manufacturing facility with a capacity of approximately 2GWh (gigawatt hours) per annum.
Nice read first thing this morning, good news ahead no doubt.
https://chasingmarketnews.com/2021/02/02/melodyvr-boosted-as-napster-user-numbers-swell/
MelodyVR Group PLC (LON:MVR) shares advanced on Tuesday as music streaming platform Napster, acquired in August, was revealed to have more than doubled user numbers in 2020.
Total platform users increased 126% to 5.7mln and at the same time the measure of average monthly active users increased 15%.
Napster racked up a total of 10.5bn plays and 306.5mln listening hours in 2020, versus 10.8bn and 328.2mln in the year before.
“The continued adoption of music streaming is creating meaningful B2B growth opportunities for Napster’s platform-as-a-service business,” said Anthony Matchett, Melody chief executive.
He added: “Napster has seen increases in active users and in-app engagement during the last twelve months, and we believe this strong consumer appetite will continue into 2022 and that the launch of our new product will benefit from consumer’s increased appetite for digital entertainment.”
London headquartered, AIM-quoted MelodyVR – which has developed a platform for emersive and virtual reality entertainment – in August the AIM-quoted company acquired Napster parent Rhapsody International for US$26.3mln.
With the deal the company married Napster’s music library to its existing platform of VR music performances and live streamed events.
At that time, the company said its strategy is to scale the business with “a subscription model, implementing a monthly fee similar to other subscription-based companies operating in the entertainment sector” – which takes little decoding to read as “like Spotify or Netflix”.
Today, Melody boss Anthony Matchett added: “Napster has seen increases in active users and in-app engagement during the last twelve months, and we believe this strong consumer appetite will continue into 2022 and that the launch of our new product will benefit from consumer’s increased appetite for digital entertainment.”
Tuesday’s statement also noted the renewal of key contracts with Napster’s business-to-business partners.
Speaker and equipment maker SONOS inked a new deal with Napster for an expansion of ad-supported SONOS Radio (a streaming service installed in the brand’s product) across 14 markets – including UK, Ireland, France, Germany, Italy, The Netherlands, Sweden, Switzerland, Austria, Belgium, Denmark, Norway, Australia, New Zealand.
Additionally, it also renewed agreements with Panasonic in relation to HomeX smart home music services, and, a digital media services agreement with Telefonica Germany for a Napster service for O2 subscribers and Aldi Talk.
AFC Energy said it had entered into a binding agreement with UK-based green hydrogen generation technology developer HiiROC to unlock natural gas as zero emission hydrogen fuel.
HiiROC's plasma-based technology had proven its ability in early testing to extract hydrogen from methane and biomethane, readily available from incumbent gas networks, without the emission of carbon dioxide or other harmful greenhouse gases, the company said.
Under the agreement, AFC Energy would obtain global preferential rights to integrate HiiROC's plasma-based technology with its proprietary H-Power fuel cell.
AFC would also be granted exclusive rights to HiiROC's technology in key regions, including the UK, Europe and Australia, in the field of electrified transportation, including electric vehicles.
AFC agreed to invest £100K of its shares into HiiROC's scaling up programme and a £300K 'in-kind' contribution to HiiROC over 12-to-18 months to support the development of a prototype unit. 'The green hydrogen produced from this technique has in turn the possibility of fueling AFC Energy's H-Power fuel cell systems, thereby opening up methane as a candidate carrier of green Hydrogen for AFC Energy's low-cost power generation,' the company said.
Not sure if this has already been posted, news from yesterday i have just seen. First article underneath stock price. https://www.telegraph.co.uk/markets-hub/share/S1655/AFC/AFCEnergy
Ceres (CWR) has just caught my attention, can we hope and predict we can expect the same growth and potential with both companies being in the fuel cell tech, CWR currently at around £14.58 from 0.09p 25th July2018, or am i missing something or just being optimistic? thoughts guys?