RE: Summary16 Jun 2020 14:56
Sorry they were some older notes:
? With the most recent increase in the Lab space to be completed, the total increase will be 549% taking the total to 6,000 square feet
? Guided Revenue of £1 million (unaudited) achieved for 2019
? Confirmed c£2m (half of the guided £4million revenue for 2020) confirmed orders in Q1, 2020
? EcowaterOS (Ecological Water Operating System) launched, a green-tech data management eco-system that monitors and analyses water for bacteria contamination.
Rinocloud AI remotely detects contaminated water with 99.3% accuracy in 3.37 seconds
Consortium members include Modern Water plc, Rinocloud AI, Acumen Software, Nimbus Research Centre, Cork Institute of Technology, Cellulac plc, TcBB Resource Centre
? Signed a three-year revenue-sharing, manufacturing agency agreement with Modern Water plc. The Agreement is for £1.04 million per year and is worth 40% to Integumen after costs
? The most recent placing of £1.368 million took place on 9th December 2019 at 1.5p, more for the reassurance for client’s due diligence process for Integumen to have a strong cash buffer
? Shared revenue to deliver AI data solutions across Parity plc UK NHS clients (has 150+ institutional clients). This Agreement creates an opportunity to cross-sell intelligent data management, extracting value using analytics, with a focus on proving return on investment.
The software includes full GDPR compliance with secure cloud data migration from existing legacy systems to a digital workplace through the military grade encryption "Drive4Growth" AI platform powered by Integumen's Rinodrive.
? Many products offered by Integumen including Labskin which is the only commercially available lab-grown full thickness human skin model that naturally mimics the skins microbiome. Other products are WoundPhase, STOER Cosmetics, Algzym and Rinodrive
? Labskin breakthrough made – able to clone multiple human skin swabs into many multiples of living microbiome test subjects. This will enable to test multiple clinical trial and skincare products in parallel without the need for human volunteers, making the service more commercially attractive and profitable
? Labskin human volunteer bacteria cloning service launched. This allows Integumen to enter the clinical trial, medical device sector and Research & Development, allowing Integumen to take advantage of Pharmaceutical and Cosmetic market space
? New offices opened in Cork for IT, AI infrastructure and for global sales
? Some of the clients include 10 of the top 20 Cosmetics companies in the World
? Labskin AI Infrastructure makes use of Rinocloud’s Cloud based Technology to capture, compare clinical data. Rinocloud was acquired by Integumen in April 2019
? Rinocloud offers Several service such as Open Cloud for seamless management across public and private cloud deployments, Open Web for open source software integration, Enterprise Chat, Mobile ERP to enable mobile-worki