Technology
CyanConnode gets first order from IntelliSmart in India
Narrowband mesh network technology company CyanConnode has received its first order from IntelliSmart Infrastructure, it announced on Tuesday, for a smart metering deployment in Assam, India.
Barclays sees BAE Systems's order intake accelerating due to escalation in war
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BAE Systems, predicting that the defence engineering firm's order intake would accelerate throughout 2022 due to the escalation of the conflict in Ukraine.
Ixico joins Huntington's disease research consortium
Neuroimaging contract research provider Ixico has entered a multi-party consortium for the early detection of Huntington's disease (HD), it announced on Tuesday.
Eden Research makes regulatory progress in US, Italy
Biopesticide and crop protection company Eden Research said on Tuesday that it has passed a “key milestone” in the United States for the approval of its products, ‘Mevalone’ and ‘Cedroz’.
Seeing Machines inks its first Japanese carmaker deal
Driver monitoring technology company Seeing Machines has been appointed by an existing customer and global automotive tier 1 supplier to deliver its ‘FOVIO’ driver monitoring system (DMS) to a “leading Japanese carmaker”, it announced on Tuesday.
MaxCyte reports good first quarter revenue growth
Cell engineering technology company MaxCyte reported total first quarter revenue of $11. 6m (£9. 42m) in an update on Tuesday - an increase of 78% year-on-year.
FD Technologies confident after year of solid growth
FD Technologies reported an 11% improvement in revenue in its full-year results on Tuesday, to £263. 5m, with further growth expected going forward.
Quadrise projects on track after board review
Lower-carbon fuel technology company Quadrise said it was on track to achieve its commercialisation targets in an update on Monday, after a board review and “positive engagement” with counterparties over the last month.
Ncondezi surges on potential Mozambique solar project
Ncondezi Energy updated the market on the review of its integrated Ncondezi 300 MW power project in Tete, Mozambique on Monday, saying it had found potential for a grid-scale solar-plus-battery storage project at the site.
Cerillion confident despite fall in total new orders
Billing and customer relationship software company Cerillion reported a 16% improvement in revenue in its first half on Monday, to £16. 1m, amid ongoing major implementation projects for new customers and new orders from existing customers, although total new orders fell.
Losses to continue as 4basebio focuses on commercialisation
Specialist DNA-focussed life sciences company 4basebio reported revenue of £0. 34m in its final results on Monday, down from £0. 46m year-on-year.
Midwich trading in line after record 2021 results
Specialist audio-visual distributor Midwich Group said in an update on Monday that trading in the first four months of 2022 had been in line with forecasts.
Seeing Machines inks IP deal with unnamed tech startup
Driver monitoring technology company Seeing Machines announced a strategic collaboration with a technology startup that specialises in image-sensor and optical systems design on Monday, to create an expected “step-change” in the performance of cabin-monitoring technology.
SDI Group ends year ahead of market expectations
Digital imaging and sensing technology company SDI Group said in an update on Friday that, subject to its final accounts and audit, it anticipated revenues and profits for the financial year just ended to “materially exceed” current market expectations.
Fusion Antibodies reports strong full-year revenue growth
Preclinical antibody discovery and supply company Fusion Antibodies reported 14% growth in revenue in a trading update on Friday, to £4. 8m.
Agronomics puts $2m more into Chinese lab-grown meat firm CellX
Cellular agriculture investor Agronomics has invested a further $2m (£1. 62m) into Chinese cultivated meat company CellX, it announced on Friday, subscribing for 857,363 preferred shares.
New Powerhouse CEO 'confident' in company's future
Plastic-to-hydrogen technology company Powerhouse Energy Group said in an update on Friday that, following the recent appointment of Paul Drennan-Durose as chief executive officer, it had been working closely with Peel NRE on their Protos plant project in the UK.
Sabien reports progress with plastic recycling special purpose vehicle
Sabien Technology Group updated the market on its ‘b. grn’ special purpose vehicle it formed with Parris Group on Thursday.
Musk secures $7bn of funding for Twitter bid
Elon Musk has secured just over $7bn to help fund his proposed $44bn takeover of Twitter, including $1bn from Oracle co-founder and Tesla board member Larry Ellison.
Diaceutics inks five-year deal with existing pharma partner
Diaceutics announced a five-year, multi-product subscription contract with an unnamed “top 30” global pharma company on Thursday, to deliver customised data insights via its ‘DXRX’ platform.