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Silex Systems gains approval for shares to be traded on the OTXQX

Tue, 04 Jun 2013 08:20:00 +1000

Silex Systems (ASX: SLX, OTCQX: SILXY) has revealed its common shares have been approved for trading in the United States on the OTCQX Marketplace (OTCQX).

Trading of Silex American Depository Receipts (ADR’s) is expected to commence immediately on the OTCQX under the symbol “SILXY”. One SILXY ADR is equivalent to five Silex common (or fully paid ordinary) shares.

Silex will continue to trade on the Australian Securities Exchange under its existing symbol SLX.

Silex is looking to increase the awareness of Silex in the U.S. market, particularly as it moves into the commercial phase of its SILEX laser enrichment technology in the U.S. with licensee GE-Hitachi Global Laser Enrichment.

Silex is progressing the SILEX Technology commercialization program with the U.S. Nuclear Regulatory Commission’s approval for the combined construction and operating license for the first commercial laser enrichment plant planned for GE-Hitachi’s Wilmington, NC site.

Recently, Silex announced the successful completion of the ‘Test Loop Technology Demonstration Program’ announced last month, triggering a US$15 million milestone payment from GLE.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Cyan still hopeful of tender success

Mon, 03 Jun 2013 17:49:00 +1000

Smart meter specialist Cyan Holdings (LON:CYAN) still believes the award of the Tamil Nadu tender to its Indian manufacturing partners will be transformational.

The company’s manufacturing partners are bidding to win a contract to install smart meters across the southern Indian state of Tamil Nadu, but the decision has taken longer than expected to the detriment of Cyan and its partners.

John Cronin, Cyan’s executive chairman, admitted he is disappointed not to have been able to announce the award of the tender in the annual results, but insisted that it is now at an advanced stage, with all the technical evaluations complete.

He believes Cyan’s partners are in good shape to win the contract, which in turn will put them in a strong position for the second and larger tender, shortly after.

“By the end of 2012, Cyan had successfully positioned itself as a low cost, low power wireless solutions provider for the rapidly growing Machine to Machine (M2M) markets,” said Cronin.

“We have created many smart metering opportunities in India through our eco-system programme which includes strategic partners both at a meter manufacturer and system integrator level, thus giving us first mover advantage in deploying many pilots throughout the country.

“This now offers Cyan an opportunity to deliver significant revenue growth, both in India and other emerging markets worldwide.”

He added that the Indian market will remain the company’s focus.

The highlights of Cyan’s annual results included a fall in revenues from £456,000 to £315,000 and smaller operating losses of £3.1mln (down from £3.6mln). It ended 2012 with £1.6mln cash in the bank.

Shares fell 6% to 0.53p each.

Seeing Machines’ Caterpillar tie-up will be a ‘springboard’, says broker

Thu, 30 May 2013 19:36:00 +1000

Seeing Machines’ (LON:SEE) deal with Caterpillar will be a springboard for the group’s driver fatigue monitoring system, according to City broker finnCap.

The AIM quoted share was up another 12% on Wednesday as investors digest what is clearly a significant development for the technology firm.

Trading as high as 4p per share on Wednesday morning, Seeing Machines were almost double the value they were prior to unveiling the tie up with Caterpillar’s mining vehicle division on Tuesday afternoon.

Through the deal, Seeing Machines' driver fatigue monitoring system, which is based on eye tracking software, will be supplied via the Caterpillar dealer network.

The deal will, in time, also extend to joint product development, and it is expected that the fatigue monitoring systems will be integrated into Caterpillar’s Cat MineStar operations management system.

The value of the deal was not disclosed in the stock market statement, but, with approximately 38,000 Caterpillar mining vehicles in operation around the world, the deal clearly opens up a significant market for the system, which is sold for around US$10,000.

“This is a hugely significant development for Seeing Machines and its investors; Caterpillar is the world's leading manufacturer of mining and construction equipment,” finnCap analyst Lorne Daniel said.

“Not only is this agreement a clear indication of the value of fatigue monitoring systems for the mining and transportation industries; it is also a ratification of eye-tracking as the best solution; and of Seeing Machines as the most reliable supplier, offering leading-edge technology.”

Daniel says Caterpillar’s validation will be a springboard into the worldwide market.

Mining companies have clearly identified fatigue management as a key health and safety issue, according to Seeing Machines.

Indeed, night shift work and ‘fly in - fly out’ working patterns are among the factors that contribute to increasing fatigue risk for operators of mining machines.

Add to the mix the high capital cost of the machinery, not to mention the cost of halting operations in the event of an incident, and the value of solving the problem is clearly evident.

Seeing Machines’ in-cab technology, which has been trialled by a number of major mining firms, effectively puts a watchful eye on drivers for signs that they are suffering from fatigue.

Using a camera system in the cab the technology can track the driver’s head and eye movement and analyse behaviour. It can detect ‘micro-sleeps’ and send warnings both in-cab and possibly to site management who can intervene.

"The open-cut mine is a challenging environment and the application of this technology in such a critical area shows the value and robustness of the Seeing Machines systems,” Seeing Machines chief executive Ken Kroeger said, in a stock market statement.

“After establishing eye-tracking as proven technology in the most difficult environments for this part of the mining industry, the next step is to establish its value in wider markets to protect drivers, workers and the public at large."

David Edwards, Caterpillar Global Mining’s safety solutions manager, meanwhile said: "The safety of our mining customers' employees is a paramount issue to us.

"Seeing Machines delivers both safety and productivity benefits to the mining industry. Going forward we see even closer integration between what in-cab fatigue monitoring can deliver in both intervention alerts and analytics to improve safety and performance."

Bluechiip to talk Biobanking at the "Stars in 2013" Investor Forum

Mon, 27 May 2013 10:44:00 +1000

Bluechiip's managing director Brett Schwarz will enlighten about biobanking. Time Magazine said that Biobanks is "One of the 10 ideas changing the world right now". Attendance is free but you must be registered for the Forum to gain entry.

Vortex Pipes options iron ore project adjacent to Mamba Minerals in Canada

Thu, 23 May 2013 11:40:00 +1000

Vortex Pipes (ASX: VTX) has signed an agreement to acquire 100 per cent of the Snelgrove DSO iron ore project located in Newfoundland Labrador, Canada, from TSX-listed Cap-Ex Iron Ore (TSX:CEV) and Preston Mineral Resources.

What is likely to get attention is the project is adjacent to mineral claims and hematite deposits owned by Mamba Minerals Ltd (ASX:MAB) and the recently discovered CLC deposit, the Blaire deposit and the RW deposit.

Recent drilling at Mamba's CLC deposit saw a discovery drill hole intersect 303 metres of hematite from a depth of 10 metres. The CLC hematite deposit continues at depth, is open to the north and is prospective to trend southerly.

The Blaire hematite deposit is located approximately 500 metres north of CLC and adjoins the project boundary.

The RW deposit is located approximately 2,500 metres northeast of CLC and also adjoins the project boundary. These deposits form part of the reported hematite targets areas, measuring 7 kilometres strike by 250 metres width.

Due to the success of a 2010 survey, Mamba Minerals has agreed to commission a joint low level, high resolution airborne Falcon Gravity and Magnetometer survey that will consist of approximately 754 line kilometres at 100 metre spacing of which 435 line kilometres is directly over the project area under option by Vortex.

Vortex expects to release the preliminary airborne survey results in the coming weeks.

Vortex is required to pay a modest deposit in order to secure the option over the project until completion of due diligence is completed and approvals are received.

Labrador Trough

Approximately 50 million tonnes of iron ore is exported annually from the Labrador Trough through Port Sept Iles and Port Cartier to the south. Global companies currently operating or partnered in the region include Rio Tinto, Cliffs, Arcelor Mittal, Tata Steel, Wuhan Iron & Steel, Hebei Iron & Steel, Posco, China Steel and Mitsubishi Corporation.

There is significant export infrastructure in the Trough to support iron ore producers in the region as could be expected.

Silex Systems looks to bank $15M after success at Global Laser Enrichment’s facility in Wilmington

Tue, 21 May 2013 11:00:00 +1000

Silex Systems (ASX:SLX) has completed a successful test loop program at GE-Hitachi Global Laser Enrichment’s facility in Wilmington, North Carolina, U.S.A., part of a first phase US$15 million milestone payment to Silex.

The payment from GLE to Silex to be paid in July 2013, demonstrates the success of Silex's uranium enrichment technology and a plank in its commercialisation path.

This follows receipt of approval from the US Nuclear Regulatory Commission for a construction and operating license in September last year.

Next step is focused on Phase II, which includes the economic and engineering validation and scale-up for the construction of the initial commercial production module for the world’s first laser enrichment plant.

Although the Phase I objectives for the Test Loop program have been achieved, the Test Loop will continue to be upgraded and optimized as part of the Phase II program.

The objective of which is to provide full economic and engineering validation of the technology necessary to support the construction and operation of the first commercial production module.

Phase III involves the construction of the first full-scale commercial production facility which has yet to commence.

The final commercialisation milestone payment has been restructured into two payments; commencement of construction for the initial commercial plant of US$5 million and NRC verification of construction compliance of the initial commercial plant of US$15 million.

Telit Communications makes flying start to 2013

Wed, 08 May 2013 00:15:00 +1000

Machine-to-machine communications specialist Telit Communications (LON:TCM) saw first quarter turnover rise sharply, boosted by the inclusion of m2mAIR revenues for the first time.

Revenues for the three months to the end of March were up 17% to US$49.5mln from US$42.3mln the year before.

The m2mAIR value added and connectivity services business unit racked up revenues of US$1.2mln, accounting for one-sixth of the year-on-year first quarter revenue growth, which means that organic top line growth is still looking very healthy.

M2mAIR was launched in the middle of last year and has so far secured more than 550 customers, while there also more than 500 pilot programmes in operation with potential customers across the globe.

Telit conceded it is still early days but the year has started well and the board expects that trading for 2013 will be in line with market expectations.

Shares were up 1.8% at 86p in early trading.

TTG Mobile Coupon Services expands ULPOS service in China

Fri, 03 May 2013 13:50:00 +1000

TTG Mobile Coupon Services (ASX: TUP) has signed a framework agreement giving customers of a leading Chinese telecommunications company access and use of the ULPOS platform of UnionPay Financial Network.

Notably, the additional potential ULPOS customers provided by this agreement will also encourage more merchants to promote their products on the ULPOS platform., allowing it to grow further.

ULPOS, which is owned by UnionPay, provides a platform for consumers, merchants, product providers, financial intermediaries and social networking groups to connect directly with each other.

TTG has an exclusive contract with UnionPay under which its technology, Electronic Financial Authentication (digital verification), provides the connecting link to ensure that all transactions on the ULPOS platform can be settled on a T+1 basis.

TTG provides Electronic Financial Authentication (digital verification) for all online and offline activities and transactions that are processed through the ULPOS Platform.

UnionPay’s parent company China UnionPay is the owner of the major cross bank settlement network in China.

Panorama Synergy in pre-open pending board room change

Tue, 16 Apr 2013 14:50:00 +1000

Australian technology company Panorama Synergy (ASX: PSY) is in pre-open this afternoon following the ASX granting a trading halt, pending details of a director replacing Scott Frew.

In February the company secured $250,000 in additional funds through the issue of convertible notes to sophisticated investors.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 18th April 2012.

nearmap receives $1.51 million in federal R&D tax refund

Tue, 16 Apr 2013 09:00:00 +1000

nearmap (ASX:NEA) has received $1.51 million in research and development tax refund from the federal government under the R&D Incentive Scheme.

The tax refund pertains to the costs of R&D done by the company during the last financial year. This is calculated as 45% of its eligible expenditure. nearmap had a cash balance of over $9 million in February.

nearmap is an online PhotoMap content provider and recently launched a subscription-based website that has enhanced its ability to monetise its map content, helping it generate a positive cash flow.

Its customer sales of nearmap products and services was also up 113% in the first half of this year to $4.79 million compared with $2.25 million in the corresponding period the previous year.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

LBT Innovations in discussions with Swiss company on diagnostic technology

Mon, 15 Apr 2013 09:40:00 +1000

LBT Innovations (ASX: LBT) looks set to secure a partner to finalise the commercial development of its diagnostic technology, Automated Plate Assessment System (APAS), with the signing of a key agreement.

APAS is a novel technology that allows for full automation of the routine imaging, interpretation and reporting of bacteria grown on culture-plates in microbiology laboratories.

The company has inked an agreement with Switzerland-based laboratory instrumentation company, Hettich AG Switzerland which is expected to pave the way for the technology’s global launch.

A relationship with Hettich AG Switzerland would provide strong engineering, manufacturing and distribution links close to LBT’s target markets, and wold give LBT greater participation in the path to market for its technology.

The agreement allows for exclusivity for one month while the two parties complete due diligence and work to agree on the terms of a potential future relationship.

Under the deal, Hettich AG Switzerland will provide the required funds and LBT will provide the APAS intellectual property in a joint venture to bring the APAS products to market.

APAS is a natural successor to LBT’s MicroStreak® plate streaking technology, which has experienced growing global sales since it was launched by French company bioMérieux in 2009.

LBT is trading at just under 50% cash backing with around A$2.42 million in cash, or $0.024 per share, at the end of December 2012, compared to a market cap. of $4.9 million and share price of $0.05.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Alexium International to raise cash

Wed, 10 Apr 2013 08:30:00 +1000

Alexium International (ASX: AJX) is currently in pre-open following the ASX granting a trading halt, pending an announcement on a capital raising and a resultant and the resultant company's capital structure.

Alexium holds proprietary patent applications for a process developed initially by the US Department of Defense, to provide functions such as water proofing, oil proofing, anti-microbial, non-stick and UV protection.

The company recently announced today that its affiliate Alexium Government Solutions LLC had received a United States Government contract award to develop FR treatments on military fabrics.

The contract value for Phase I is US$80,000. An additional US$70,000 option can be exercised at the discretion of the DoD in Phase I. After Phase I completion, Alexium can be invited to proceed to a Phase II with additional funding of up to US$1 million.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 12th April 2013.

Seeing Machines slashes losses as miners take to DSS

Tue, 26 Mar 2013 21:22:00 +1100

-- adds broker comment--

Eye tracking and driver fatigue monitoring specialist Seeing Machines (LON:SEE) lifted revenues by 50% in its latest half-year as big orders from miners in America and Africa came through.

Seeing Machines’ DSS System, its technology that automatically monitors driver fatigue, accounted for most of the increase as sales jumped by nearly 90% to A$3.7mln.

Orders at the end of the half-year to December totalled A$3mln, but Seeing Machines believes there is still further substantial demand to come through from the mining and resource industries.

This includes large road-legal transport trucks that operate on a combination of private mining roads and public highways in Australia, where over 80 DSS units have been installed in a new market for DSS.

Revenues in the six months to December rose to A$4.7mln from A$3mln, while losses were cut to A$318,000 from A$937,000.

Ken Kroeger, Seeing Machines’ chief executive said: "Given the mining sector's emerging focus on output and efficiency and the role that DSS plays in improving driver alertness and safety, we are seeing a growing sales pipeline and new strategic opportunities. This provides us with increased confidence in the company's performance for the full year and beyond."

Cash at the year-end totalled A$928,000.

Broker finnCap added that DSS continues to power the company's growth. On an operational front, the next generation of prototypes have been developed and are performing well in field tests. Furthermore there are new partnership opportunities to substantially increase channels to market worldwide.

Seeing Machines’ eye-tracking technology is also finding interest and adoption in numerous areas, from mobile phones to smart glasses, PCs and TVs, and the broker believes it will become one of the leading methods of human-machine interface in future.

FinnCap said Seeing Machines’ technology is at the leading edge and DSS is just the first of the commercialisation paths; FaceAPI revenues for example grew 43% while TrueField is making progress, with opportunities for JVs or licensing in the calendar year.

The broker expects an adjusted profit this year of US$0.1mln, rising to US$1.6mln in 2013/14.

Telit Communications' m2mAIR unit exceeds expectations

Thu, 28 Feb 2013 01:25:00 +1100

Telit Communications (LON:TEL) announced that customer take-up of m2mAIR’s products since the business unit’s launch in mid-2011 has exceeded expectations.

The machine-to-machine (M2M) wireless specialist, currently exhibiting at the GSMA Mobile World Congress in Barcelona, said more than 300 customers joined its m2mAIR unit’s pilot programme, and over 80 of these have signed up to be paying customers.

The m2mAIR business unit was established to focus solely on the development and commercialisation of M2M value-added services, including connectivity.

The 2012 edition of IMS research's study on the M2M industry places Telit second in that market for worldwide module sales in 2011. Since m2mAIR targets primarily small and mid-size accounts, usually served through indirect channel, Telit sees huge growth potential for m2mAIR.

"We are delighted by the take up of m2mAIR - which is ahead of our expectations. In the Internet of things, machine to machine value added services & connectivity is now being rolled out at pace,” said Oozi Cats, Telit’s chief executive.

The “Internet of things” is a phrase you will be hearing a lot more of over the coming months, and refers to a world where everyday things – fridges, cars, cargo, pets, etc. – are tagged so they can be identified and sometimes controlled by computers.

Telit teamed up with telecoms giant Telefonica in February 2012 to address the global connectivity market.

"With our relationship with Telefonica and established distribution channels, we have a strategic advantage in this fast growing market - as indicated by the rapid take up by customers around the world," Cats said.

"Our position in this market was further strengthened by the acquisition earlier this year of US-based CrossBridge Solutions, a veteran provider of M2M focused value-added services and connectivity, which will provide Telit access to US-based value added service & connectivity customers, as well as an opportunity to expand its m2mAir offering into the US,” Cats concluded.

BluGlass LED technology meets industry benchmarks

Wed, 27 Feb 2013 16:40:00 +1100

BluGlass Limited (ASX: BLG) has successfully produced p-type gallium nitride (GaN) films, using its low temperature Remote Plasma Chemical Vapour Deposition (RPCVD) technology, that meet industry benchmarks.

The company has succeeded in demonstrating p-GaN films grown at low temperature with electrical properties equivalent to films grown using the industry standard process – MOCVD.

The electrical performance properties were independently measured and verified by the Australian National University, a leading university in semiconductor physics.

BluGlass is now in a position to begin experiments targeting improved efficiency of Light Emitting Diodes (LED) devices using RPCVD grown p-GaN layers to demonstrate the commercial value of a low temperature technology.

The company will do this by making a test LED device using RPCVD to grow p-GaN on top of an MOCVD grown partial LED structure and to subsequently measure the light output of the device.

With a lower growth temperature than MOCVD, BluGlass’ proprietary RPCVD technology has the potential to allow LED manufacturers to create higher performing devices.

This is achieved by reducing the multi-quantum well or active region’s exposure to high temperatures which currently leads to a performance loss.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Redflex Holdings to provide update

Wed, 27 Feb 2013 10:00:00 +1100

Redflex Holdings (ASX: RDF) is in pre-open this morning following the ASX granting a trading halt, pending 'update regarding the ongoing investigation in the USA.'

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 1st March 2013.

Telit Communications releases new module based on Qualcomm technology

Wed, 27 Feb 2013 01:48:00 +1100

Machine-to-machine (m2m) wireless technology firm Telit (LON:TCM) has deepened its relationship with US mobile technology giant Qualcomm (NASDAQ:QCOM) with the release of a new module.

The LE910, based on Qualcomm Technologies' Gobi wireless baseband modem MDM9215 technology, will be Telit's first long-term evolution (LTE) module delivered in the xE910 product family, and the company's second LTE offering, following the LE920 LTE automotive-grade module announced last year.

LTE is a mobile network technology capable of delivering data at ultra-fast speeds.

Last month, Telit introduced two new xE910 modules featuring Qualcomm chipsets, and it plans to release more as the year progresses, focusing on modules in 3G (third generation) mobile phone standards leading to LTE.

Telit Communications is showcasing the new module at the Mobile World Congress in Barcelona this week.

The integration of Qualcomm chipsets make the adaptation of customer applications to regional technical requirements quicker and easier, minimising time to market and total cost of ownership, Telit said.

"The increased scope of our relationship with Qualcomm comes at an exciting time, when we are seeing strong demand from the m2m market for our products and solutions. By expanding our portfolio with products such as the LE910 module we can address the 3G and 4G market which were previously beyond our reach," revealed Oozi Cats, chief executive of Telit.

Nakul Duggal, vice president of product management, new markets of Qualcomm Technologies said: “Qualcomm Technologies has an extensive 3G and 4G LTE chipset portfolio, helping Telit deliver solutions in various product tiers to address the myriad of technical and regional needs of M2M and IoE [Internet of Everything] developers."

Shares rose 4% to 83.20p on the announcement.

Mobilarm enters JV with Blisston Nigeria to rent oil and gas safety equipment

Fri, 15 Feb 2013 14:30:00 +1100

Mobilarm (ASX:MBO) has entered into a joint venture with Blisston Nigeria to deliver fully integrated oil and gas rental solutions to its Nigerian customers, which will ensure significant long term revenues.

This includes Mobilarm's leading Maritime Survivor Locating Devices (MSLDs), life jackets, maintenance and annual recertification.

The new JV is an 50-50 venture between the two companies.

The JV was also aided by the Nigerian Department of Petroleum Resources, which has mandated the requirement of Mobilarm's solutions throughout the oil and gas industry.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

World Reach snares China distribution deal

Tue, 12 Feb 2013 14:50:00 +1100

World Reach (ASX: WRR) has successfully secured a deal with Beijing Marine Communications & Navigation Company (MCN) to supply an initial A$1 million of Beam Inmarsat marine terminals.

World Reach is involved in the design, manufacturing and distribution of equipment, applications and services for the global needs of Information Communication and Technology markets.

Importantly, more orders are anticipated as MCN targets the high volume of land and maritime customers in China.

MCN is a leading operator of satellite communication services in China.

In July 2012, MCN agreed to undertake a trial deploying 200 Beam Oceana 400 and Oceana 800 marine communications terminals on fishing vessels in China, using the Inmarsat FleetPhone Service.

The terminals were specifically designed and manufactured by World Reach subsidiary, Beam Communications, to support the voice, data and tracking communications that take place over the Inmarsat satellite network via its 'Fleetphone' maritime service.

These terminals were launched to the global market in late 2011 to specifically target high volume deployments in emerging satellite markets.

Delivery of the initial $1 million order will begin this quarter and be completed by the end of May 2013.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Redflex Holdings to reveal "ongoing investigation" in the U.S.

Thu, 07 Feb 2013 09:50:00 +1100

Redflex Holdings (ASX:RDF) will divulge details of an ongoing investigation in the USA.

It will also make an announcement regarding "financial aspects".

Until that time, the company's shares are in a trading halt.

Redflex is involved in traffic enforcement products and services designed to improve public safety.

Panorama Synergy tops up working capital

Fri, 01 Feb 2013 14:50:00 +1100

Panorama Synergy (ASX: PSY) has successfully secured itself A$250,000 in additional funding through the issue of convertible notes to sophisticated investors to top up working capital.

The company is making significant advances in the development of its magneto-optic technology with the University of Western Australia.

Panorama Sydney and researchers at UWA recently made a breakthrough in the integration of magneto-optic material with standard silicon chip technology.

The technology is highly sought after by many research facilities worldwide as it allows, for the first time, the integration of optical devices and interconnects with standard silicon integrated circuits.

The breakthrough confirms the crystallisation, in a plasma, of fully substituted bismuth iron garnet material on fused quartz at the world record low temperature of 420 degrees Celsius.

Crystallisation has previously only been achieved at temperatures significantly higher, over 580 degrees Celsius, irreparably damaging the chip and rendering it useless.

The development, potentially, has major applications to ultra-high speed intra-chip communications.

Convertible Notes

The maturity date for the Convertible Notes will be 12 months from the date of issue.

At maturity the notes may be converted to fully paid ordinary shares in five equal tranches with respective issue prices of $0.02, $0.025, $0.03, $0.04 and $0.06 per share respectively.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Alexium International Group appoints Nick Clark as new CEO

Tue, 22 Jan 2013 11:10:00 +1100

Alexium International Group (ASX: AJX) has appointed current chief financial officer Nick Clark as its chief executive officer to be based in Greer, South Carolina.

This recognises the company’s success in product development and the need to build the team in the operational headquarters in Greer to maximise licensing opportunities and business development.

The Duro contract and other licensing opportunities being presented to Alexium require the group CEO role to be based in the US to complement the excellent work being undertaken in the U.S. by chief operating officer Stefan Susta and chief technology officer Dr Bob Brookins.

Clark will focus on building Alexium in the U.S., whilst Susta focuses on licensing opportunities, relations with the U.S. Department of Defense, product opportunities and business development.

As Alexium’s chief financial officer, Clark successfully oversaw the financial management and financing of the group and its overseas subsidiaries as well managing relationships with shareholders and brokers in Australia and abroad.

He formerly held executive management roles with China’s CITIC as well as various management and legal roles in the U.S. including Snap on Tools, a Fortune 500 Company.

Throughout his six years in the U.S., Clark worked with hedge funds and investment banks on investments, mergers and acquisitions, financings and large scale project development.

“Clark’s experience, qualifications, networks and drive will be invaluable to Alexium in this next phase of growing revenues, products and markets and the appointment of the Group CEO position in the US highlights the importance of the US markets for Alexium’s growth,” executive chairman Gavin Rezos.

“This appointment also enables Susta to focus and build on his strong relationships with the U.S. Department of Defense, Duro Textiles and other potential licensing partners with whom Alexium is in discussions.”

Alexium will appoint a new company secretary to fill the position that Clark vacates while Kim Lucraft will assume the role of Financial Controller.

The company had recently received recognition as one of the “Top 100 Innovations” in the technical textile market for 2012 and is also transitioning its novel nylon flame-retardant treatment to production with Duro Textiles for the North American market.

Alexium is also broadening its development pipeline to push other lucrative applications, such as nylon-blends and non-textile applications.

Alexium International Group technology ranked among top innovations of 2012

Fri, 18 Jan 2013 11:30:00 +1100

Alexium International Group’s (ASX: AJX, AX: AJX, OTC QX: AXXIY) Reactive Surface Technology has received recognition as one of the “Top 100 Innovations” in the technical textile market for 2012.

Future Materials, a publication of the World Textile Information Network (WTiN), selected Alexium in its annual guide to the FM100, the most ground breaking innovations and developments across the technical textiles industry.

Alexium is pioneering eco-friendly and durable, non-halogenated flame-retardant (FR) specialty chemical treatments for many day-to-day technical textiles and military fabrics.

While the company’s novel nylon FR treatment is transitioning to production with Duro Textiles for the North American market, Alexium is beginning commercial rollout in other global territories.

Duro Textiles, one of the largest distributors of textile products in the U.S. and part of the $7 billion Patriarch Group, has licensed Alexium’s FR nylon treatment under an exclusive commercial agreement for nylon fabrics.

While Alexium has not made any public forecasts on expected revenue, it has noted that Duro sees the initial market at 4 million yards.

Alexium is also broadening its development pipeline to push other lucrative applications, such as nylon-blends and non-textile applications.

According to the WTiN, the technical textiles market is growing rapidly and is expected to hit $175 billion by 2020, almost doubling from $93 billion in 2000.

Today, technical textiles use 25 million tonnes of fibres, accounting for a third of global production.

Since 1960, the technical textiles market has increased five times faster than traditional textiles. The nonwovens and composite markets are also set to increase significantly.

Stefan Susta, chief operating officer of Alexium, commented: “We are honoured to have received this recognition by the WTiN.

“This recognition – as a top innovator in this field – comes on the heels of Alexium’s aggressive growth and product launch plans in 2013.”

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Seeing Machines welcomes long-time shareholder to the board

Wed, 16 Jan 2013 20:50:00 +1100

Seeing Machines (LON:SEE) has appointed long-time shareholder Mike Roberts to the board.

The company, which has developed technology which identifies signs of fatigue in machines operators and vehicle drivers, said Roberts has been on the share register since the company’s flotation in 2005. He currently holds 14.42mln Seeing Machines shares.

Roberts spent 15 years at US investment bank JPMorgan in the Emerging Markets group, where his primary responsibilities were in the trading, sales and placement of corporate debt in the Eastern Europe, African and Middle East regions.

He has been appointed to the board in a non-executive capacity.

Terry Winters, chairman, said: "We are delighted that Mike has agreed to join the board and to have a UK director with a strong investment and financial background will add real value to the future governance of the company."

Shares of Seeing Machines have been on a surge since the end of November, when the company announced its largest single sale of its driver safety solution units.

Orbital Corporation secures additional order for heavy fuel engines

Mon, 14 Jan 2013 13:20:00 +1100

Orbital Corporation (ASX: OEC) is expanding its foothold in the small unmanned aerial systems market with the award of an additional contract to supply heavy fuel engines for use in Small Unmanned Aircraft Systems (SUAS).

This latest order will take the total revenue value for SUAS engines and spare parts to over $10 million for the current financial year.

The SUAS market is an emerging market for Orbital.

In 2012, Orbital transitioned from intellectual property to a system sales business with a 140% increase in revenue to $14 million.

2012 marked the company’s highest top line sales in eight years.

One key advantage of the Orbital technology is extended range. The improved fuel efficiency can increase the range on a typical mission by 40% over current technology.

The company previously secured a contract with AAI Unmanned Aircraft Systems for the supply of heavy fuel engines for use in AAI’s Aerosonde® Small Unmanned Aircraft System.

Orbital was contracted to supply engines up to a value of about $4.7 million throughout 2012.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Bluechiip signs Micronic America as distributor

Mon, 14 Jan 2013 13:00:00 +1100

Bluechiip (ASX: BCT) has inked a distribution agreement with Micronic America for the distribution of Bluechiip’s wireless tracking products throughout the United States and Canada.

Micronic America has an extensive network of distributors, including E&K Scientific, USA Scientific, Nova Biostorage Plus (formerly Micronic North America), MJS Biolynx and D-Mark Biosciences.

The company is the supporting entity for Micronic’s traceable product portfolio in the U.S. and Canada.

Micronic America and its network of distributors will launch Bluechiip’s product at SLAS 2013 in Orlando, Florida from 13-15 January 2013.

This provides exposure to around 4,500 people from the global laboratory science and technology community, including scientists, engineers, researchers and technologists from academic, government and corporate laboratories.

bluechiip® technology

Bluechiip has developed a wireless tracking solution for the healthcare and life science, security, defence and manufacturing industries.

The unique tag is based on MEMS technology and contains no electronics. The tag can either be embedded or manufactured into a storage product, such as vials or bags.

Easy identification, along with any associated information from the tag such as temperature can be detected by a reader, which can also sense the temperature of the tagged items.

Bluechiip’s temperature sensing capability is a clear differentiator in tracking and monitoring high-value samples where sample integrity is critical.

The bluechiip® technology offers numerous advantages over traditional bar-coding of bases and is extremely well suited for cryogenic conditions, as well as room temperature studies.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

UPDATE: Telit's 2012 sales ahead of market expectations

Sat, 12 Jan 2013 01:49:00 +1100

-- Adds broker comment ---

Machine-to-machine (m2m) wireless technology group Telit (LON:TCM) should hit earnings forecasts for the year just ended after reporting sales above expectations, according to broker Canaccord Genuity.

Unaudited revenues in 2012 were approximately US$207.2 million, Telit said today, an increase of 16.8% over 2011’s US$177.4m and 1.9% above Canaccord’s forecast of US$203 mln.

Cash at the year-end is expected to be approximately US$20.7m, with overall net debt of approximately US$12.9m.

Net debt was higher than expected, Canaccord said, due to further large investments in end-of model components in support of a major customer’s future orders.

Oozi Cats, Telit’s chief executive, added that he expects further improvement in the financial results as a result of the momentum in the m2mAIR business unit and recent acquisition of US firm Crossbridge Solutions.

He said Crossbridge will give Telit access to American value added service customers, as well as an opportunity to expand its m2mAir offering into the US.

Telit announced the Crossbridge acquisition at the beginning of 2013 and Canaccord said the deal had made it more positive on the m2mAIR business unit.

M2M technology connects machines and devices wirelessly so they can communicate without human intervention.

Canaccord said: “Telit continues to see solid demand and pricing for its products. We believe growth has been driven by strong volumes, supportive overall average selling prices and market share gains. “

The broker expects underlying earnings (EBITDA) to rise to US$16.1mln from US$13.1 mln in 2011, and said today the latest sales numbers gave it confidence in this forecast.

Crossbridge will also provide Telit with the platform to deliver value added services in the US, it added.

“Crossbridge has significant expertise in its engineering and sales staff and strong, established relationships with US operators.

“We expect Telit to leverage Crossbridge as it rolls out its value added services in 2013.”

Keeping a ‘buy’ rating and 92p price target, Canaccord added it believes the market has not yet attributed any value to Telit’s m2mAIR business.

Shares rose by 0.5p to 63p.

Telit's 2012 sales ahead of market expectations

Sat, 12 Jan 2013 01:15:00 +1100

Machine-to-machine (m2m) wireless technology group Telit (LON:TCM) has beaten sales expectations in 2012 and expects further improvement going forward.

Unaudited revenues in 2012 were approximately US$207.2 million, Telit said, an increase of 16.8% over 2011’s US$177.4m and 1.9% above market expectations of US$203 mln.

Cash at the year end is expected to be approximately US$20.7m, with overall net debt of approximately US$12.9m.

Oozi Cats, Telit’s chief executive, said he expects further improvement in the financial results as a result of the momentum in the m2mAIR business unit and recent acquisition of US firm Crossbridge Solutions.

He said Crossbridge will give Telit access to American value added service customers, as well as an opportunity to expand its m2mAir offering into the US.

Telit announced the Crossbridge acquisition at the beginning of 2013.

M2M technology connects machines and devices wirelessly so they can communicate without human intervention.

Alexium International and Duro Textiles to start production of FR nylon products

Wed, 09 Jan 2013 10:40:00 +1100

Alexium International Group (ASX: AJX) and Duro Textiles will this week start production runs for a specific end application using Alexium’s flame retardant (FR) nylon treatment.

Initial product runs for other customers are planned over the next months with the company saying that its late product development phase and commercial roll out are proceeding on plan.

While Alexium has not made any public forecasts on expected revenue, it has noted that Duro sees the initial market at 4 million yards.

“Transitioning our FR nylon treatment to Duro’s production floor is a key near-term objective,” Alexium chief operating officer Stefan Susta said.

“Both parties are eager to get over the last development stages and get products into the market.”

With the production transition of FR nylon to Duro Textiles, Alexium will shift technical emphasis to developing an exciting product pipeline for nylon blends and non-textile applications.

Licenses have not being assigned for treatments of nylon blends and non-textile applications.

Duro Textiles, one of the largest distributors of textile products in the U.S. and part of the $7B Patriarch Group, had licensed Alexium’s FR nylon treatment under an exclusive commercial agreement for nylon fabrics.

This covers Duro’s products containing at least 95% nylon FR for military, government and commercial markets in North America.

Telit Communications expands opportunity in US via acquisition

Fri, 04 Jan 2013 00:59:00 +1100

Communications specialist Telit (LON:TCM) is expanding its offering in the US through a new acquisition.

It is buying Crossbridge, which is a leading M2M (machine to machine) data and service provider in Lincolnshire, Illinois, it told investors in a brief stock exchange statement.

Oozi Cats, Telit chief, said: "The Crossbridge acquisition provides Telit with access to American value added service customers and provides Telit with an opportunity to expand its m2mAir offering to small/medium m2m customer in the US.

"We see tremendous synergies between m2mAir and the Crossbridge offering and we welcome the opportunity that this acquisition provides us to consolidate our presence in the US market."

Shares were unchanged this morning at 55.5 pence.