Small Caps News
Intellectual property commercialisation specialist Frontier IP said on Wednesday that its portfolio company Nandi Proteins has raised £0. 72m via a convertible loan, including a £0. 36m investment from the UK Government's ‘Future Fund’.
Botswana and southern Africa-focussed gas and solar power developer Tlou Energy updated the market on progress with its transmission line on Wednesday, reporting that it had engaged Mott MacDonald engineering consultants to work on the detailed engineering and design of the proposed line to connect its Lesedi Power project to the electricity grid in Botswana.
Intellectual property investment company Tekcapital announced on Wednesday that its portfolio company Salarius has signed a distribution agreement with Gehring-Montgomery, a United States ingredient distributor, in a bid to expand business-to-business sales of ‘MicroSalt’ across the US.
Technology and software investment KRM22 reported total revenue of £2. 3m in its first half on Wednesday, up from £1. 8m year-on-year.
Laboratory diagnostics specialist Immunodiagnostic Systems announced the launch of four new ‘i-Tracker’ assays designed to run on its automated ‘IDS-iSYS’ analyser on Wednesday.
Building materials firm Brickability said on Wednesday that it had traded in line with full-year market expectations at the time of its initial public offering.
Mobile payments and identity technology company Boku reported group adjusted EBITDA of $6. 4m (£4. 93m) in its first half on Wednesday, which was 84% higher than the first half of 2019.
Professional services company FRP Advisory Group announced the acquisition of the JDC Group on Wednesday.
Futura Medical reported a net loss of £1. 06m in its first half on Wednesday, narrowing from a net loss of £4. 46m year-on-year.
The UK government has invested £360,000 in Frontier IP's portfolio company Nandi Proteins to support its efforts to replace chemical additives and fat in processed foods.
Technology solutions provider Accesso said on Wednesday that recent trading had been better than expected after more venues using its products reopened following Covid-19 lockdowns.
Steppe Cement reported a 2% decline in sales in its first half on Wednesday, to 0. 76m tonnes, as its consolidated turnover in Kazakhstani tenge slipped 3% to KZT 13. 68m.
TT Electronics shares fell after the Financial Times raised questions about a Covid-19 test whose supposedly groundbreaking features had caused the company's value to jump.
Sunrise Resources announced on Wednesday that the air quality operating permit (AQOP) for the operation of a mineral processing plant for its CS Pozzolan-Perlite Project in Nevada has been granted by the Nevada Division of Environmental Protection.
Alternative capital provider Duke Royalty said on Wednesday that the "general upturn" in trading seen across its partners in the first quarter had continued into the second.
Medical technology company Inspiration Healthcare updated the market on the status of ventilator deliveries to the UK National Health Service (NHS) on Wednesday, saying that in recent weeks, further deliveries were made with a value of £2m.
Hydrogen energy solutions manufacturer ITM Power had established a strategic partnership aimed at creating new green hydrogen production facilities across Scotland.
Competitions organiser Best of the Best said on Wednesday that momentum seen at the tail end of its last trading year had carried over into the current one, resulting in a "strong" performance for the first four months of the year.
Exploration and production group IGas has acquired British deep geothermal heat projects developer GT Energy.