5 TOP AIM MOVERS OF FRIDAY 18 SEPTEMBER 2020
(AIM:FAB ) shares rose 143.24% to 225p with positive update
The preclinical antibody specialist said it has made progress in its design, expression and validation of SARS-CoV-2 proteins, commonly known as Coronavirus spike proteins.
The group said these antigens have been tested by external partners against patient blood samples and show a 100% correlation with results from a leading certified benchmark test.
Fusion’s extensive antigen manufacturing capabilities means that it has been able to express high-purity antigens on a commercially viable scale for the development of diagnostic tests.
The antigens will assist in determining the true transmission rates and case fatality rates.
Fusion is now offering these antigens, which are able to confirm recent past infections and determine levels of neutralising antibodies to COVID-19, on a commercial basis to companies and researchers worldwide, a move the company said could be “invaluable”.
Commenting on the use of these antigens Paul Kerr, CEO of Fusion Antibodies said:
"According to the FDA, antigen tests will play a critical role in the fight against COVID-19 and like many other companies within the antibody world at large, we are leveraging our antigen expertise to create multiple antigens to be used against the COVID-19 pandemic."
This morning’s news was also covered by other publications such as UK Investor Magazine.
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(AIM: TWD ) shares rose 39.83% to 161.5p with three-year agreement
The company told investors this morning that it has signed a three-year product manufacture and supply agreement with a UK manufacturer of electric vehicles.
The provider of printed circuit technology said it has the potential to be worth up to £5.0 million in 2021, and comes with the expectation of increased revenues in 2022 and 2023.
Trackwise's Improved Harness Technology™-enabled flexible printed circuit boards will be used in high and low voltage circuits in the manufacturer's vehicle battery modules and battery packs, reducing part count and assembly time while saving on space and weight.
Commenting on the order from the manufacturer, Philip Johnston, CEO of Trackwise said:
"This is a very significant commercial milestone for Trackwise. Our customer is at the forefront of driving the adoption of sustainable technologies and the selection of Trackwise to help power its vehicles at scale is a fantastic endorsement of our technology.”
As reported by Edison Investment Research, this agreement will be the first full series production of flexible circuits incorporating Trackwise’s Improved Harness Technology (IHT).
The research firm said the agreement represents ‘a step change’ in sales as total revenues for H120 were £2.4m, of which IHT was only £0.3m.
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(AIM:ESC ) shares rose 7% to 8.58p following Netflix deal
The company unveiled the launch of its new ‘Print and Play’ game this morning for the anticipated release of a Netflix Original Film of which the name remains undisclosed.
The game is a free one-hour experience suitable for two to six players aged eight and above.
Commenting on the release Richard Harpham Chief Executive of Escape Hunt, said:
“It's an incredible opportunity to showcase how our approach to Print and Play immersive gaming adventures can enhance all touchpoints of entertainment at home and represents an important step in developing our 'Escape Hunt for Brands' proposition."
Escape designed the ‘Print and Play’ games during the coronavirus pandemic so that people could continue the immersive entertainment experience of an escape room at home.
(AIM:TIDE ) shares rose 15.28% to 4.15p after a good first half
Crimson Tide told investors this morning that it has performed “exceptionally well” across all areas of the business in its half-year results for the six month period ended 30 June 2020.
The mobile business solution provider reported a total turnover increase of 40% to £1.77m (1H19: £1.27m) while pre-tax profit skyrocketed by 154% to £0.257m (1H19: £0.101m).
"Crimson Tide performed exceptionally well in all areas of the business in the first half,” said Barrie Whipp, Founder & Chairman of Crimson Tide. He added, “All of our management metrics were achieved, and we continued to add quality, long term subscription revenues.”
Alongside its financial achievements, however, the company said it continues ‘to grow into a position of strength in terms of its client base, breadth of offering and quality of contract.’
The company has expanded its base subscriber revenue, particularly in the supermarket and rail sectors with long term contracts, including a five-year contract with one of the country’s largest neighbourhood retailers which will add to revenue visibility to H2 2020 and beyond.
“Crimson Tide is well set financially, has a team to deliver further growth and an enviable client base,” said Whipp: “The business is set fair for future growth and profitability.”
(AIM:VAST ) shares rose 3.13% higher at 0.165p
The AIM-listed mining company announced an update to the market on its ongoing progress at the Baita Plai Polymetallic Mine “Baita Plai” in Romania, of which it holds 80% interest in.
Following the previously mentioned new steel bridge installation process at Baita Plai, it announced that activities are on schedule and that the bridge is being installed today.
The Company added that it will provide footage of this process via social media.
Baita Plai is located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. Work is now currently underway towards first concentrate production as well as efforts in place to establish a maiden Resource under the JORC code.
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