Technology
Elon Musk reportedly seeking debt funding for Twitter bid
Elon Musk looked to be hunting for funding for his $43bn bid to take over the social network Twitter, it emerged on Wednesday afternoon.
Bradda Head starts drilling at Nevada's Eureka project
North America-focussed lithium developer Bradda Head announced on Thursday that, following the receipt of permits in March, drilling had now started at its Eureka project in Nevada.
FDA accepts Polarean's medical imaging drug-device resubmission
Medical imaging technology company Polarean Imaging updated the market on its investigational drug‑device combination product on Wednesday, which uses hyperpolarised ‘129Xenon’ gas to enhance magnetic resonance imaging (MRI) in pulmonary medicine.
Biome revenues weaken in line with expectations
Bioplastics and radiofrequency company Biome Technologies reported revenues in line with management expectations for the March quarter on Wednesday, at £1. 1m, down from £1. 4m year-on-year.
Seeing Machines inks new IP deal for 'Occula' product
Driver monitoring technology company Seeing Machines announced a new intellectual property licence agreement for its ‘Occula’ neural processing unit (NPU) on Wednesday, with an unnamed US-based semiconductor company.
Microsaic signs new framework agreement with DeepVerge
Microsaic has signed a new framework agreement with, and an initial contract worth £0. 4m from, Innovenn UK - a division of DeepVerge - it announced on Tuesday.
Cerillion reports record first half for revenue, earnings
Billing and customer management software company Cerillion reported a “record six months” in an update on Tuesday, setting new company records for both revenue and adjusted EBITDA.
Tintra granted online payments licence in Mauritius
Tintra announced on Tuesday that its wholly-owned subsidiary Tintra Payments Mauritius (TPM) has been granted permission to start trading under a ‘payment intermediary services licence’ from the Mauritius Financial Services Commission.
Itim secures three contract wins and extensions
Retail software company Itim announced three new customer wins and extensions of existing contracts on Wednesday, for an increase in annual recurring revenue of £1. 8m.
Mobile Streams inks NFT deal with Fanzine
Mobile Streams has signed a contract with Fanzine, it announced on Wednesday, to become the exclusive producer of non-fungible tokens (NFTs) across all of Fanzine’s websites, apps and digital platforms.
Feedback awarded two year-long NHS contracts
Clinical communications specialist Feedback has been awarded two 12-month contracts to provide its flagship product ‘Bleepa’ across two NHS trusts, it announced on Friday, for a total value of £0. 2m.
Calnex acquires iTrinegy, tops full-year forecasts
Telecommunications test and measurement technology company Calnex announced the acquisition of iTrinegy on Tuesday, in a deal worth up to £3. 5m.
Sabien Technology awarded another UK government contract
Heating, cooling and transport technology company Sabien has been awarded a further contract by a UK government department, it announced on Monday, worth £0. 26m.
Coro inks 25-year power purchase deal in Vietnam
South east Asia-focussed Coro Energy announced the entry into a 25-year power purchase agreement for its rooftop solar project in Vietnam on Monday.
Avingtrans unit secures two Korean nuclear contracts
Energy, medical and industrial system manufacturer Avingtrans announced on Monday that its Hayward Tyler unit has secured two new nuclear contracts worth $7m (£5. 37m), to be completed before June 2023.
Scancell opens recruitment for cancer therapy trial
Immunotherapy developer Scancell announced on Monday that its phase 1 and 2 clinical trial with ‘Modi-1’ is open for recruitment.
TinyBuild takes over Ukraine-Russian games studio Demagic
Video games developer and publisher tinyBuild announced the ‘acquihire’ of Demagic Games - a development studio with 23 staff currently based in Ukraine and Russia - on Monday.
TalkTalk considering possible £3bn sale
TalkTalk is facing a queue of potential suitors, it was reported on Friday, amid a global storm of telecom consolidations.
Oncimmune agrees two new commercial contracts
Immunodiagnostics company Oncimmune announced the signing of two new commercial contracts for its ‘ImmunoINSIGHTS’ platform on Friday.
Invinity signs energy storage deal with Korea's Hyosung
Energy storage manufacturer Invinity announced success in a test-and-validation programme with Korea’s Hyosung Heavy Industries on Friday, and the subsequent signing of a non-binding memorandum of understanding for a “global partnership”, with an exclusive relationship in Korea.