Technology
Blackbird raises £1.05m to advance cloud editing platform
Cloud video editing technology specialist Blackbird raised £1. 05m on Thursday, to invest into its elevate. io content creation product.
Arecor subsidiary Tetris launching Ogluo in the Netherlands
Arecor Therapeutics updated the market on an announcement made by its subsidiary Tetris Pharma on Thursday, regarding the launch of the ‘Ogluo’ glucagon prefilled autoinjector pen in the Netherlands.
Silverbullet flags strong rise in total group revenue
AI-focussed digital transformation specialist Silverbullet reported a substantial increase in total group revenue in a trading update on Thursday, to £8. 3m, making for 42% growth compared to the prior year's £5. 8m.
Oncimmune revenue falls as it implements new strategy
Oncimmune reported revenue of £2. 1m in its final results on Thursday, down from £3. 8m for the prior extended 15-month period, with revenue from continuing operations totalling £1. 2m.
Itim Group ends year ahead of market expectations
Itim Group reported a robust full-year financial performance in a trading update on Thursday, surpassing market expectations.
EnSilica secures substantial US order
Application-specific integrated circuit (ASIC) specialist EnSilica announced a substantial order for the tape-out of a bespoke ASIC from a major US-based electronics manufacturer on Wednesday.
Trellus Health signs deal with large US health plan
Digital health company Trellus Health announced a significant agreement with a major US health plan on Wednesday, targeting inflammatory bowel disease (IBD) management.
Nexxen reaches settlement and inks alliance with Alphonso, LG
Nexxen International announced on Wednesday that it had finalised a settlement and embarked on a three-year strategic alliance with Alphonso and LG Electronics.
Kibo Energy subsidiary MED strikes new funding partnership
Kibo Energy announced on Wednesday that its flexible power specialist subsidiary Mast Energy Developments (MED) had struck a strategic funding partnership with RiverFort Global Opportunities PCC (RiverFort), along with a substantial funding agreement, a new capacity market contract, and the termination of the Proventure joint venture agreement.
Revenue rises but margins narrow for Avingtrans
Avingtrans reported a 30. 4% increase in first-half revenue in its interim results on Wednesday, to £65. 2m, compared to £50. 0m in the same period last year.
AB Dynamics reports positive trading performance
Testing, simulation and measurement products specialist AB Dynamics reported positive performance in a trading update on Wednesday, in line with the board's expectations.
Image Scan confident despite slower start to year
Security and industrial inspection scanning technology specialist Image Scan said in a trading update on Wednesday that, while it returned to profit in 2023, trading in the current financial year started at a slower pace in terms of sales and order intake.
Fusion Antibodies gets first order under new services agreement
Fusion Antibodies announced the receipt of its first purchase order under a master services agreement on Tuesday, which it agreed with a prominent diagnostics company on 14 February.
Directa Plus buys further 49pc stake in Setcar
Directa Plus announced the acquisition of an additional 48. 96% stake in Setcar on Monday, taking its shareholding from 50. 99% to 99. 95%.
New Tristel products recommended for UK, EU certification
Infection prevention products developer Tristel announced the successful conclusion of all reviews required under the UK and European Union medical devices regulations for the approval of its TANK ClO2 sporicidal disinfectant system on Monday.
Vela Technologies reports fall in total assets
Early-stage technology investor Vela Technologies said in an update on Friday that its total assets, including cash, decreased by £0. 64m or 9% during the December quarter, amounting to £6. 18m.
Powerhouse Energy signs five-year deal with National Hydrogen
Powerhouse Energy Group announced a five-year framework agreement with Australia-based National Hydrogen on Thursday.
1Spatial shares jump on UK Power Networks deal
Location data technology specialist 1Spatial announced the signing of a 12-month contract with UK Power Networks for its traffic management plan automation (TMPA) solution under the 1Streetworks brand on Thursday.
Marlowe sells software and service assets in £430m deal
Business service and regulatory software company Marlowe announced a deal to divest specific governance, risk and compliance (GRC) software and service assets on Thursday.
RWS trading in line after resilient year
Language, content and intellectual property technology specialist RWS Holdings said in an update on Thursday that during the 2023 financial year, it made significant strides in executing its medium-term strategy, evidenced by client acquisitions, technological advancements, and growth initiatives.