Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVO.L Regulatory News (AVO)

  • There is currently no data for AVO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Delivery of additional CCL unit & Harley St update

28 Jul 2015 07:00

RNS Number : 2324U
Advanced Oncotherapy PLC
28 July 2015
 

28 July 2015

ADVANCED ONCOTHERAPY PLC

("Advanced Oncotherapy" or the "Company")

 

Delivery of additional CCL unit and update on Harley Street

In-line for high-power testing

 

Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that the second Coupled Cavity Linac ("CCL") unit has been manufactured and delivered to the Company's testing facility in Geneva.

 

The CCL accelerating structures are an essential part of the LIGHT proton therapy system. They consist of a series of cells which accelerate the protons from energies of 37.5 Mega-electron Volts ("MeV") to the high energies required to treat radiosensitive tumours in a clinical setting. The finished LIGHT system will incorporate ten CCL units in total.

 

In addition, the first two Radio Frequency ("RF") power Units, both the Modulator from Scandinova and the Klystron from Toshiba, have been delivered on schedule to Geneva following initial successful testing and will be used in the next few weeks to start CCL high-power testing, in-line with the timetable provided by the Company to shareholders in November 2014.

 

 

As well as this, the Company announces that Howard de Walden Estates Limited, which in January 2015 granted a 50 year lease to the Company for the Harley Street site, has agreed to expand the agreement beyond the 8,000 sq ft space agreed in the original lease. This would allow the Company to develop a Proton Therapy Centre on the same site but with an extended footprint, offering potential operators a larger overall facility to manage. The additional planning permission and reconfiguration of the original site plans will have an impact on the start date for work on the site, however the Company remains on schedule in its technology development to have its first LIGHT system ready for patient treatment in 2017.

 

Commenting, Sanjeev Pandya, CEO of Advanced Oncotherapy, said: "This latest update shows that we continue to remain on target for the successful delivery of our first LIGHT system in-line with the timetable that we outlined to investors. We do have the opportunity to extend the footprint of our site in Harley Street, which could allow us to develop a bigger and better Proton Therapy Centre in Central London, and I look forward to updating shareholders as this progresses. Our focus still remains on the end-goal of having our technology ready for first patient treatment in 2017."

 

 

Advanced Oncotherapy Plc

www.avoplc.com

Sanjeev Pandya, CEO

Tel: +44 20 3617 8728

Nicolas Serandour, CFO

Westhouse Securities (Nomad & Joint Broker)

Antonio Bossi / David Coaten

Tel: +44 20 7601 6100

Beaufort Securities (Joint Broker)

Jon Levinson / Zoe Alexander

Tel: +44 20 7382 8300

Walbrook PR (Financial PR & IR)

Tel: +44 20 7933 8780 or avo@walbrookpr.com

Paul McManus / Anna Dunphy

Mob: +44 7980 541 893 / Mob: +44 7876 741 001

 

 

About Advanced Oncotherapy Plc www.avoplc.com

 

Advanced Oncotherapy's team "ADAM" based in Geneva focuses on the development of a proprietary proton accelerator called Linac Image Guided Hadron Technology (LIGHT). LIGHT accelerates protons to the energy levels achieved in legacy machines but in a unit that is a quarter of the size and between a quarter and a fifth of the cost. This compact configuration delivers proton beams in a way that facilitates a greater precision and electronic control which is not achievable with older technologies.

 

Advanced Oncotherapy is a provider of particle therapy with protons that harnesses the best in modern technology. As a result, Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with an innovative technology as well as better health outcomes and lower treatment related side effects.

 

The Company has signed a purchase agreement with Sinophi Healthcare Limited for one LIGHT proton therapy system to be installed in a hospital in China and has further Letters of Intent from other healthcare providers.

 

Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of an innovative and cost-effective system for particle therapy with protons.

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCRRMMTMBITTTA
Date   Source Headline
25th Apr 20139:34 amRNSDirector Dealing
24th Apr 20137:00 amRNSIssue of Equity
24th Apr 20137:00 amRNSProposed Acquisition of ADAM S.A, a CERN Spin Off
22nd Apr 20137:00 amRNSFirst UK Customers for IORT Treatment
11th Apr 20134:48 pmRNSCollaboration Announcement
11th Apr 20134:44 pmRNSCollaboration Announcement
8th Apr 20137:00 amRNSAppointment of Director
18th Mar 20137:00 amRNSDirectorate Change
18th Feb 20137:00 amRNSPotential Acquisition
15th Jan 201312:17 pmRNSDisposal
21st Dec 20123:54 pmRNSResult of EGM
5th Dec 20126:10 pmRNSSale of subsidiary, Notice of Meeting
5th Nov 20127:00 amRNSPlacing to raise £0.35 million with AB Segulah
28th Sep 201211:55 amRNSHalf Yearly Report
20th Sep 20123:21 pmRNSIssue of Equity
7th Sep 20121:33 pmRNSChange of Name
31st Aug 20121:03 pmRNSResult of GM
8th Aug 20123:15 pmRNSNotice of AGM
1st Aug 20127:00 amRNSIssue of Equity
16th Jul 20127:00 amRNSProposed Demerger
5th Jul 20123:26 pmRNSIssue of Equity
29th Jun 20121:16 pmRNSFinal Results
28th Jun 20127:00 amRNSAppointment of Director
12th Jun 20127:00 amRNSAgreement with Varigen Technologies
11th Jun 20122:24 pmRNSHolding(s) in Company
8th Jun 201212:48 pmRNSHolding(s) in Company
8th Jun 20127:00 amRNSMarketing & Business Development Appointment
18th May 20125:26 pmRNSIssue of Equity
3rd May 20123:45 pmRNSHolding(s) in Company
3rd May 20123:45 pmRNSHolding(s) in Company
20th Apr 20121:03 pmRNSChange of Registered Office
19th Apr 20127:00 amRNSFolkestone Women's Health Project
28th Mar 20127:00 amRNSRestructuring, Proposed Change of Name, etc
26th Mar 20126:05 pmRNSHolding(s) in Company
22nd Mar 201210:59 amRNSHolding(s) in Company
13th Mar 20127:05 amRNSOncotherapy Resources Limited
28th Feb 20122:23 pmRNSAdmission Date and Total Voting Rights
27th Feb 20127:00 amRNSPlacing and Directors' Shareholdings
14th Feb 20127:00 amRNSCompletion of Medical Centre Development
31st Jan 20123:24 pmRNSResult of AGM
31st Jan 20127:00 amRNSAGM Trading Update
16th Jan 20124:34 pmRNSHolding in Company
21st Dec 20111:00 pmRNSRestoration - CareCapital Group plc
21st Dec 201112:36 pmRNSStatement re. Suspension
21st Dec 20119:17 amRNSHalf Yearly Report
21st Dec 20119:17 amRNSFinal results & notice of AGM
16th Dec 20114:58 pmRNSDirectorate Change
19th Sep 201111:45 amRNSResult of EGM
8th Sep 20112:41 pmRNSResolution to grant plannning permission
1st Sep 20114:23 pmRNSNotice of General Meeting

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.