The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Hydrogen Utopia International PLC - London-based waste-to-hydrogen company - Says that Electron Technologies BV, the designer of the company’s thermal processing system for the conversion of waste plastic into synthesis gas, has completed the first design phase of this system. The system will now undergo a full design review before moving into a detailed design and manufacture stage. Director Keith Riley says: ‘It is very satisfying to see the new thermal processing system moving towards realisation. Once the low temperature reactor tests have been completed and the design review has been carried out later this month, we will only have the high temperature reactor tests to complete before the unit will be ready for detailed design and manufacture.’
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GetBusy PLC - Cambridge, England-based document management and productivity software provider - Wins a new customer, described by the company as a ‘top 10 UK accountancy firm in the cyclically buoyant insolvency sector’. Contract includes the deployment of its Virtual Cabinet product’s cloud solution. It is for an initial 100 users in the UK and will be implemented over the second half of 2022. Company also refreshes its Virtual Cabinet product. The product is relaunching its visual brand, GetBusy explains.
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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Says its wholly-owned subsidiary Deeside WTV Ltd has appointed Black & Veatch UK Ltd to undertake the powertrain front-end engineering design for the phase two of the company’s project in Flintshire, England. The project proposes a 9.9 megawatt electric plant to enable a complete and local waste-to-energy solution.
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Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Australia - Says the Crosscut Zone at its 100% owned Greater Carlow Project in Western Australia has emerged as a major copper-gold zone with ‘excellent’ first results. The drilling campaign at the site comprised of 28 reserve circulation for 5,494 metres and one diamond drill tail for 135 metres. Standout intersections include 15 metres at 2.02% copper, 0.63 grams per tonne gold from 299 metres, and 13 metres at 2.58% copper, 0.62 grams per tonne gold, 0.057% cobalt from 130 metres.
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Emmerson PLC - Isle of Man-based potash development company - Says the global potash market remains stable during the second quarter of 2022, though supply issues have been exacerbated by the war in Ukraine. Discussions with debt, equity financiers, and potential strategic partners ‘progressing well’. Environmental approval for its Khemisset Potash Project in Morocco remains outstanding.
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BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Announces that independent carrier-neutral full fibre platform CityFibre has selected the company’s Edgility virtual networking and edge compute solution. CityFibre will now pilot the Edgility platform to manage and operate ‘hundreds of thousands of physical edge devices and virtualised value-added services from one central location without the need for on-site technical personnel,’ BATM explains.
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Trafalgar Property Group PLC - Kent, England-based residential homes developer - Says that Christopher Johnson, a substantial shareholder in the company and director of one of its subsidiaries, Trafalgar New Homes Ltd, has agreed to a consolidation and variation of the terms of the two unsecured convertible loan notes and director loan held by him. The conversion of the total amount owed to him by the company will result in the issue of a new £905,000 unsecured convertible loan note to Johnson. The company adds it does not currently have sufficient authority to allot securities to satisfy a conversion of the new convertible loan note, and has agreed to convene a general meeting to seek such authorities before October 31. Johnson has agreed not to exercise conversion rights until the company has done so.
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