Streaming audiovisual content specialist Motive Television has entered into a memorandum of understanding with Siyaya Free to Air for the use of Motive's Anytime Anywhere technology in a new pay television service for the South African market. If Siyaya's application for a pay television frequency is successful, the two companies will enter into a formal service agreement. The services to be provided by Motive would include engineering work for the integration, development, and implementation of the Motive technology proposed to Siyaya and the possibility of Motive serving as systems integrator and provider of the entire solution.
Eruma, a provider of counter terrorism, intruder prevention and intelligent low-energy lighting solutions, has said that its Illuminex division has won a significant contract for £350,000 to install its LED lighting products at two NHS primary health care centres in the East Midlands before the end of the year. The firm anticipates further similar contracts as numerous primary health care centres in the region are planning to upgrade their lighting systems.
Clean energy products company Acta has reported good progress in each of its commercial partnerships and has developed a number of important new relationships for the integration and distribution of its water electrolysers and stacks. The firm is soon to begin field trials and onsite product demonstrations, which in the short term is expected to bring enhanced visibility to the company's outstanding technology.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AEA Technology's shares plunged after the energy and sustainability consultancy admitted is has has been unable to achieve a long term solution to the existing levels of net debt and the significant on-going funding costs of the group's retirement benefit obligations. As a result, the company has decided to consider all strategic options to realise value, however, it does not envisage there will be offers for the share capital of the company and the board expects that such options will result in little or no value for shareholders.
Mobile Streams, a supplier of mobile apps and media, has reported revenues of more than £20m for the year ended June 30th, boosted by sales in the Mobile Internet division, returning the company to the black after making a loss of £0.2m for the 18 months ended June 30th 2011. Mobile Internet subscribers doubled to 1.75m active subscribers. Cash at the end of the period cash was £1.7m, with no debt, compared to £1.1m at end of June 2011.
Mission Marketing Group, a national marketing communications and advertising group, has said trading for the first half of 2012 has been in line with management's expectations and that revenue and operating profit are expected to be ahead of the equivalent period last year. As a result of the reduction in net debt, lower interest costs have resulted in a strong year-on-year increase in pre-tax profits. The result for 2012 is again expected to have a bias towards the second half and the firm remains confident of further progress for the full year, with the payment of a dividend expected next year.
NR
