Specialist graphite producer and graphene and advanced materials developer, Tirupati Graphite (TGR) provided an update on activities at its speciality graphite downstream operations in India.
This comes after the recent stellar run for the shares on speculation regarding its graphene-aluminium composite which could be an alternative to copper. The company has also been able to unveil its first commercial trial orders for its trademarked flame retardant products and seen traction from buyers in EU and the UK since receiving REACH certification. Tirupati also said it is continuing ongoing engagement with lithium-ion battery and EV sector players in Europe and Asia and advancing plans to expand into North America for upcoming large-scale spherical graphite production.
There is to be a seamless change at waste plastic to hydrogen group Powerhouse Energy (PHE), with new arrival Paul Emmitt as Chief Technical Officer comfortably replacing the skill set of outgoing CEO Dave Ryan. Emmitt is managing director and founder of Engsolve Limited with whom Powerhouse has worked very closely for the last four years. He has been part of the development of the DMG® process from the building and operation of the demonstration unit through to the current position.
After a strong IPO it would appear that medical cannabis R&D company, Kanabo (KNB) is on the move fundamentally. It announced that in partnership with Pure Origin Group, it has completed its first EU-GMP production line, and this comes ahead of a full product launch within Kanabo’s primary markets. The company said it is embarking on the second phase of its sales plan to increase revenue from the sale of CBD products. Pure Origin has already created a dedicated production line for Kanabo’s CBD Wellness formulas using Kanabo’s equipment, production protocols and IP.
We appear to be looking at a busy period ahead for Remote Monitored Systems (RMS) with another important RNS to end the week. The company has said that the 5-ply version of its Pro-Larva anti-viral mask, developed with Volz Filters UK Ltd and has been approved by the UK’s Medicines and Healthcare products Regulatory Agency. This new material has passed the proof-of-concept stage and Volz and P2F are now looking at how this could be commercialised in heating, ventilation and air conditioning systems. All of this broadens the scope of RMS from the anti-viral face mask area which it is currently best known for.
A company “Increasing guidance” is normally one of the more cheering events on the stock market, with freight management services across the UK and Central and Eastern Europe, Xpediator (XPD) able to increase guidance in respect of expected performance for the year to 31 December 2021. The company said that as with many logistics businesses, the majority of profits are made in the second half of the year. However, results received to date for June 2021 have continued the strong trading trends since early 2021, and the Board now believes the business is well placed to deliver full year adjusted profit before tax in excess of £8.5 million.
Finally, there was plenty for shareholders of San Leon Energy (SLE) to digest, in the wake of a second RNS update. Shares of the stock are up over 60% this year and the company said it notes the recent price movement of its shares and press comment in Nigeria regarding the possibility of Midwestern Oil and Gas reversing into the Company. San Leon confirmed it is in preliminary discussions with Midwestern about acquiring Midwestern’s indirect interest in the OML 18 oil and gas block in Nigeria Any transaction would involve San Leon acquiring the outstanding shares not already owned by San Leon in relation to Midwestern Leon Petroleum, and the acquisition by San Leon of the outstanding shares in MLPL not already owned by San Leon would constitute a reverse takeover. Shares in San Leon are now suspended as we await further developments.
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