See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Specialist Pharmaceutical Company Accepted By European Nanomedicine Characterisation Laboratory
N4 Pharma (N4P) announced today it has been accepted by the European network of institutions to accurate the development of promising nanotech therapies and diagnostics.
The European Nanomedicine Characterisation Laboratory aims to provide state-of-the-art pre-clinical characterisation to accelerate their development towards regulatory approval by the European Medicines Agency (EMA) and the national agencies.
Nigel Theobald, CEO of N4 Pharma commented: "The acceptance by EUNCL is a strong indication of the exciting potential for our Nuvec® system and as the costs of these studies will be met within the EUNCL grant, it significantly reduces the cost to the Company of our regulatory development program." The company’s share price is up 34% following the announcement.
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Avanti Communications Group Signs Seven-Year Wholesale Lease Agreement
A major international satellite service provider has signed a seven-year lease with Avanti Communications Group (AVN) worth $84 million over the period.
The agreement is expected to commence in Q3 of the Company's next financial year ending 31 December 2019.The share price is up 11% following the announcement.
Kyle Whitehill, CEO of Avanti said “This agreement is a major vote of confidence in the Avanti network and offer. Since joining Avanti my ambition has been to drive growth through increased usage of the fleet and this deal does just that.”
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Technology Solution Company For Waste Gasification To Energy Projects Signs Two Contracts Worth EUR10m
EQTEC (EQT) has signed a contract to be the exclusive supplier of technology to Phoenix Energy, a California based power company, for two power plants in California, USA.
Ian Price, CEO of EQTEC commented: “This demonstrates the flexibility of EQTEC technology and our ability to be commercially competitive in delivering projects of differing scale and operating on many fuel types globally.”
Subject to the outcome of the first two projects, Phoenix has indicated their desire to use EQTEC technology and equipment on other future projects in the USA. EQTEC share price is up 13% following the announcement.
Read more here & follow EQT here:
Oil Exploration, Development And Production Company Announces Strategic Alliance And Two New Acquisitions
Mosman Oil and Gas Limited (MSMN) entered into a strategic alliance with Baja Oil and Gas, leading to the participation in the Stanley-1 well in east Texas, the well penetrated multiple reservoir sands and provided evidence on logs of oil in multiple zones.
Mosman Oil and Gas Limited also agreed to acquire a 60% working interest in the 240 acre Champion Project for USD 108,000. The project is also located in East Texas and has several drilling locations identified.
The company has also acquired a 16% working interest (half of Baja's 32% interest) in the 352 acre Challenger Project, in East Texas, for USD 43,500. The project includes a lease which is Held By Production with two production wells in the Wilcox.
The company share price is up 10% following the announcement.
Read more here & follow MSMN here:
Mesh Networks Business Cyanconnode Wins $2.9m Support Contract
CyanConnode (CYAN) is up another 10% this morning following the announcement of a $2.9m purchase order for a five-year support and maintenance contract relating to their $11.6 million purchase order of Omnimesh IPv6-based hardware to a State Owned Utility in India.
The Omnimesh product was launched in June this year and the total value of orders received is now more than $18.9m.
Anil Daulani, Managing Director of CyanConnode commented: “Our comprehensive approach builds customer confidence and loyalty, providing scope for follow-on orders as well further revenue streams.”
Read more here & follow CYAN here:
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