Cloud Sustainability
Parkwalk closes investment in Cloud Sustainability for the UK Tech Fund IV & ZeroND Fund.
Cloud Sustainability is a cloud based software platform that changes the way sustainability knowledge, consultancy and training is delivered.
It reduces costs, educates and empowers the user, creating self-sufficiency and delivering long-term sustainable benefit.
Cloud Sustainability’s range of software tools and interactive e-learning resources help build in-house knowledge and skills in all aspects of sustainability and make lasting improvements to clients.
CCMOSS
Parkwalk closes investment in Cambridge CMOS Sensors for the UK Tech Fund IV & University of Cambridge Enterprise Fund II.
Cambridge CMOS Sensors is the provider of innovative MEMS high temperature microhotplate technology for gas sensing, flow sensing and lab-on-a-chip applications.
The Cambridge CMOS Sensors technology uses standard CMOS processes that enable high volume, low cost and low power sensor-on-chip solutions.
Clean Air Power
Positive trading update
Clean Air Power (AIM:CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, is pleased to provide an update on trading for the six month period ending 30 June 2013. Revenues for the period were £4.1m (2012: £3.9m which included a £0.8m one-off revenue item from Navistar).
In the first half 172 system sales have been delivered (2012: 116) and in the year to date more than 180 additional customer orders have been placed with either Clean Air Power or our European OEM partner for Dual Fuel systems bringing the total to more than 350. This compares to 300 system sales during the entire year ended 31 December 2012.
Clean Air Power has continued to make significant progress during the year developing a Dual-Fuel product suitable for the important US market and exhibited its first prototype vehicle retrofitted with a US version of its Genesis-EDGE product at the Alternative Clean Transportation EXPO, Washington DC., 24-27 June 2013. The vehicle was well received by attendees at the EXPO with more than 150 visitors to the stand. Clean Air Power anticipates that the first trial vehicles will be on the road and undergoing validation by the end of 2013, with production commencing in early 2014.
Clean Air Power’s plans to develop the Russian market are also progressing well with a number of opportunities to access the market being actively pursued. The Russian Government is encouraging major gas supply companies to implement clear strategies to develop natural gas as a road fuel. As a result gas companies have begun investing heavily in gas refuelling infrastructure and this is expected to lead to an increase in demand for natural gas vehicles in the future.
The Group has also continued to develop and improve its European Dual-Fuel products and earlier in the year announced the start of a 2-year funded research project with Brunel University to develop the next generation of advanced Dual-Fuel combustion systems funded by the UK Government’s Technology Strategy Board.
John Pettitt, Chief Executive of Clean Air Power said:
“I am pleased that Clean Air Power has already received system sales orders in 2013 exceeding that for the full year in 2012. Despite production constraints of Dual-Fuel vehicles by our European OEM partner we have seen an encouraging pick-up in momentum at the start of the second half of the year. In the US, the exhibition of our first prototype Dual-Fuel vehicle was an important milestone in our development of a US Genesis-EDGE product, which has the potential to generate significant revenue for the Group and further validate our technology to potential new OEM partners in the US, Europe and Japan. The trend towards the adoption of natural gas vehicles around the world continues, driven by cost savings, reductions in emissions and increasing investment in new refuelling stations by major gas supply companies. Our plans to develop markets in Europe, US and Russia means Clean Air Power is well positioned to benefit from this worldwide trend.”
For further information, please contact:
| Clean Air Power
John Pettitt, Chief Executive Peter Rowse, Finance Director
|
Tel: +44 (0)1772 624 499 |
| Citigate Dewe Rogerson
Malcolm Robertson Chris Gardner
Cantor Fitzgerald Europe David Foreman / Mark Percy (Corporate Finance) David Banks (Corporate Broking)
Peat & Co Charlie Peat Andy Cuthill
|
Tel: +44 (0)20 7282 2867
Tel: +44 (0)20 7894 7000
Tel: +44 (0)20 7894 7632
Tel: +44 (0)20 3540 1721
|
Surrey NanoSystems
‘Super black’ coating to revolutionise aerospace industry?
UK firm Surrey NanoSystems has utilised its know-how in nanotechnology processing to deposit the world’s blackest material on lightweight, temperature-sensitive substrates.
Revolymer
Awarded contract to supply nicotine gum:
Revolymer plc (“Revolymer”) (AIM: REVO), the British polymer technology company, is delighted to announce that it has been awarded a contract to supply its nicotine gum to a Canadian retailer. The deal is for an initial period of 2 years and is expected to generate revenue at levels that are material to Revolymer’s business during this period. Revolymer has begun manufacture, and the product is scheduled to be on the shelves in Q4 2013. Under the terms of the deal Revolymer will supply a number of stock-keeping units of nicotine gum in different flavours and formats, including a new ‘handy pack’.
“We are delighted to have been awarded this contract. This deal provides commercial validation to the application of our technologies to the nicotine gum market, and we look forward to both procuring reorders from the client and building on this achievement in other territories in due course,” said Roger Pettman Chief Executive Officer of Revolymer.
According to Euromonitor, the global nicotine replacement therapy (“NRT”) smoking cessation aids market totalled US$2.3 billion in 2011, of which nicotine chewing gum is the largest segment contributing 54 per cent. or US$1.3 billion. Other smaller categories include inhalers, lozenges and patches. Between 2006 and 2011 the global NRT nicotine gum market grew at a CAGR of 3.8 per cent. Europe (including Eastern Europe) accounted for 40 per cent. and North America 43 per cent of this market in 2011. About a fifth of the nicotine gum market worldwide is accounted for by private or white label products, with the balance from global brands such as Nicorette and Nicotinell.
Clean Air Power
Coast-to-coast crossing of the US
Clean Air Power (AIM:CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, is pleased to announce that it has exhibited its first prototype vehicle retrofitted with a Genesis-EDGE Dual-Fuel™ product suitable for the important US market at the Alternative Clean Transportation EXPO, Washington DC., 24-27 June 2013.
The prototype vehicle, a 425hp Volvo VNL retrofitted with a US version of Clean Air Power’s patented Dual-Fuel™ Genesis-EDGE product, successfully made the 2,720 mile journey across the US from the Group’s manufacturing facility in Poway, California to the Convention Center in Washington DC. The truck, which runs primarily on liquid natural gas (“LNG”), started with a full tank of LNG in San Diego and refuelled at a LNG filling station in Dallas during what was the first coast-to-coast crossing of the US by a LNG/Dual-Fuel™ vehicle. 1,000 miles were covered in Dual-Fuel operation with the balance in diesel; demonstrating the system’s flexibility and the benefit Dual-Fuel provides for fleet operators when gaps in LNG supply are encountered. The natural gas refuelling network currently spanning the US is incomplete but is expanding rapidly as investment in new refuelling stations by major gas supply companies increases.
The exhibition was very successful with more than 150 visitors to the stand, which featured video of the truck’s journey to Washington DC. The production of the first prototype US Dual-Fuel™ vehicle is an important milestone for Clean Air Power and demonstrates that its program to develop a US Genesis-EDGE product certified to US2010 emissions levels is on track and at an advanced stage. The launch of a US Genesis-EDGE product will enable the Group to meet the rapidly growing demand for natural gas vehicles in the US. The Group has already received interest from a number of major fleet customers and anticipates that the first trial vehicles will be on the road and undergoing validation by the end of 2013, with production commencing in early 2014.
In addition to the Genesis-EDGE product, considerable interest was also shown in Clean Air Power’s legacy Caterpillar C15 system. This system can be fitted to either existing trucks or new trucks using a Glider kit (a complete truck less the engine, transmission and rear axle) and fitted with a re-manufactured C15 Dual-Fuel™ engine and transmission from the same period. The Caterpillar C15 heavy duty diesel engine has a substantial installed base and continues to be a popular choice for an important niche of US fleet operators.
John Pettitt, Chief Executive of Clean Air Power said:
“The production of a Genesis-EDGE retrofit product for the US market is a key strategic goal for Clean Air Power that has the potential to generate significant revenue and further validate the technology to potential OEM partners. I am delighted that we have been able to exhibit at EXPO our first prototype Dual-Fuel™ vehicle which moves us an important step closer to delivering on this objective. The US represents a large and growing opportunity for Clean Air Power as the abundance of domestically produced natural gas and increasing investment in new refuelling stations by major gas supply companies drives ever greater customer demand for LNG vehicles. Our development programme for a US Genesis-EDGE product has reached an advanced stage and I am now confident that we are on track to deliver a product capable of servicing this demand.”
For further information, please contact:
| Clean Air PowerJohn Pettitt, Chief Executive
Peter Rowse, Finance Director
|
Tel: +44 (0)1772 624 499 |
| Citigate Dewe RogersonMalcolm Robertson
Chris Gardner
Cantor Fitzgerald Europe David Foreman / Mark Percy (Corporate Finance) David Banks / Paul Jewell (Corporate Broking)
Peat & Co Charlie Peat Andy Cuthill
|
Tel: +44 (0)20 7282 2867
Tel: +44 (0)20 7894 7000
Tel: +44 (0)20 7894 7632
Tel: +44 (0)20 7104 2334
|
Symetrica
Parkwalk closes investment in Symetrica for the UK Tech Fund IV & ZeroND Fund.
Symetrica specializes in the detection and identification of radioisotopes for Security Applications.
The company works with prime contractors and government agencies to design, develop, test and deploy detection equipment for use by law enforcement personnel, customs officers, the emergency services, military personnel and first responders.
Horizon Discovery
Secures landmark deal with Hisun Pharmaceuticals
A Cambridge UK pioneer in technology that will accelerate development of personalised medicines has secured a multi-million pound landmark deal with a Chinese pharmaceuticals giant….
Tracsis
Further positive trading update – Tracsis Plc is a leading provider of software and technology led products and services within the transportation industry, traffic and pedestrian rich environments is pleased to provide an update on current trading and developments across the Group.
Acquisition of Sky High plc (“Sky High”)
Integration of Sky High is underway and progressing well. The acquisition was incorporated into the wider Group’s trading as of 17 April 2013. The elimination of surplus PLC related overheads combined with other immediate synergies has enabled both cost savings and performance improvements. This has led to an enhanced operating margin for Sky High and management expectation is that the newly acquired business will make a good contribution to the Group’s overall performance for the period to 31 July 2013.
Condition Monitoring
This area of the business has performed extremely well during the current financial year, and has secured strong orders from outside of the framework agreement.
The Group is currently involved in negotiations with a major customer to continue the next phase of a significant Framework Agreement for its condition monitoring technology. The timing of the prospective contract extension indicates that potential major orders for the Group are expected in late 2013 or early 2014, assuming successful renewal. A further update will be provided in due course.
Rail market at large
The Group welcomes the recent developments within the rail industry regarding the lifting of the embargo on UK rail re-franchising. A new franchise bidding timetable has been released by the Department of Transport and this presents a very busy period of work for the entire industry which will commence imminently. Tracsis has entered into a long term agreement with one of the major operating Groups for retention of its consultancy and software services, and expects to work with most of the other bidders in varying capacities. Looking ahead, the next few years should be a period of stability in the consultancy and software offering and allow the Group to invest in a broader range of products and services.
Outlook
The Group is pleased to announce that revenues for the year ending 31 July 2013 are forecast to be in excess of £10m and underlying profits are in line with previous market expectations.
Following the acquisition of Sky High, the Group’s cash position is c. £6m. Tracsis continues to aggressively manage costs and has maintained a prudent approach to how it undertakes investment decisions. The business remains debt free, actively manages cash reserves and remains committed to a strategy of delivering shareholder value through a combination of acquisitive and organic growth.
John McArthur, Chief Executive Officer commented:
“The progress made since the acquisition of Sky High has been very pleasing and we are excited by the opportunities presented to us in the new markets using technology and services familiar to us.
“We look forward to updating the market in due course on further developments, and in concurrence with the positive industry indicators, we will work to drive further shareholder value through organic growth and acquisition.”
OxfordPV
Reveals breakthrough in efficiency of new class of solar cell
A significant step forward in the scale-up and commercialisation of Oxford Photovoltaics (Oxford PV) new photovoltaic technology has been achieved by establishing a new high of 15.4% efficiency for its perovskite solar cells.
Omega Diagnostics
Parkwalk closes Omega Diagnostic plc investment
Omega Diagnostics is focused on selling a wide range of specialist products, primarily in the immunoassay, in-vitro diagnostics (IVD) market within three segments: Allergy and Autoimmune, Food Intolerance and Infectious Disease.
The company aims to improve human health and well being through innovative diagnostic tests and global partnerships.
Sphere Fluidics
Wins ACES award for academic spin-outs
University of Cambridge spin-out Sphere Fluidics was among the winners at the ACES awards – the only pan-European awards for academic spin-outs – held earlier this week in Brussels.
AQDOT
Wins RSC Emerging Technologies Competition
AQDOT, a spinout company from the Department of Chemistry, has won the first RSC Emerging Technologies Competition for 2013…..
Microsaic
Biotage’s FC-MS System incorporates Microsaic MiD miniature Mass Spectrometer
(AIM: MSYS), welcomes the official launch by Biotage AB (Uppsala, Sweden), a leading global supplier of laboratory equipment, of the Isolera™ Dalton, a fully integrated system for Flash chromatography and mass identification incorporating Microsaic’s novel miniature mass spectrometer – the Microsaic MiD®…..
