Home » Posts tagged 'technologies'
Tag Archives: technologies
#BRES Blencowe Resources PLC – Successful Hypersonic Rocket Testing
Blencowe Resources Plc (LSE: BRES) is pleased to report further successful testing of Orom-Cross graphite products within advanced aerospace and defence applications.
On 18 August 2026 American Energy Technologies Co (“AETC”), Pluto Aerospace, Purdue University and US Government Agencies, together with Blencowe COO Iain Wearing, attended a rocket test programme in Las Cruces, New Mexico. The successful Pluto Aerospace solid-fuel rocket flight achieved a maximum speed of Mach 5.5 and acceleration approaching 150G, representing a substantial increase in speed and acceleration from the previous test programme undertaken in April.
Importantly, Orom-Cross graphite was incorporated across multiple critical components aboard the hypersonic vehicle, including an ablative rocket nozzle insert, performance-enhancing coatings applied to the rocket fins and natural graphite used within the lithium-ion battery powering the rocket’s altimeter.
The successful test further demonstrates the potential for Orom-Cross graphite to access specialist, high-value aerospace and defence markets, supporting Blencowe’s strategy to continually develop higher-value product pathways as Orom-Cross advances towards production.
Highlights
· Successful hypersonic rocket flight in the USA incorporating Orom-Cross graphite across multiple critical components
· Pluto Aerospace rocket achieved a maximum speed of Mach 5.5 and acceleration approaching 150G
· Orom-Cross graphite incorporated within an advanced ablative rocket nozzle insert manufactured by AETC
· Orom-Cross natural graphite used in performance-enhancing anti-friction and ice-phobic coatings applied to the rocket fins
· Lithium-ion battery powering the rocket’s altimeter used natural graphite supplied by Blencowe alongside recycled graphite, with zero synthetic graphite
· Successful testing further demonstrates the potential for Orom-Cross graphite within high-value aerospace and military applications
· High-end defence applications provide potential pathways to new strategic offtake relationships and funding opportunities
· Continued collaboration with US graphite technical specialist AETC is opening further value-added applications for Orom-Cross graphite
· Further orbital testing planned for Q4 2026
Blencowe provided graphite concentrates from Orom-Cross to technical partner AETC, which manufactured mouldings for rocket and missile exhaust nozzles replacing a proportion of the synthetic graphites normally used in these applications. The resultant nozzles underwent rigorous testing prior to installation on the rocket.
The initial testing programme is being undertaken with Pluto Aerospace for hypersonic sub-orbital rockets, with orbital testing planned for the final quarter of 2026.
The successful flight conducted on 18 August 2026 utilised a substantially larger motor than the previous test undertaken in April, achieving a maximum speed of Mach 5.5 and acceleration approaching 150G.
In addition to the highly innovative rocket motor, Orom-Cross graphite was incorporated into several important components aboard the hypersonic vehicle:
· an advanced ablative nozzle insert manufactured by AETC for enhanced thrust performance;
· performance-enhancing anti-friction and ice-phobic coatings applied to the rocket’s four aluminium fins; and
· natural graphite used within the lithium-ion battery powering the rocket’s altimeter.
Of special note is the application of 3.8 Ah pouch cells, manufactured by Navitas Systems incorporating manufactured natural graphite supplied by Blencowe together with recycled graphite produced through AETC’s direct recycling process. The battery incorporated up to 15 wt.% recycled and “healed” graphite produced through AETC’s direct recycling process and represents the first known example in the North American battery industry of a fully functional form-factored battery incorporating industrially manufactured recycled graphite as a significant component of both the active material and cathode conductivity additive.
Importantly, the battery, comprised of 100% natural flake graphite from raw and recycled materials, with no synthetic graphites, further demonstrating the potential for Orom-Cross graphite to be utilised within specialist, high-value military and aerospace applications.
With the launch of this rocket, Pluto Aerospace and AETC highlighted a group of trusted vendors and raw material suppliers involved in the programme, including Navitas Systems, an advanced U.S. battery manufacturer; Blencowe Resources plc, the supplier of Orom-Cross graphite used in rocket nozzles, battery and ice phobic coatings aboard the flight; and Cadoux Limited, a supplier of nanoscale alumina used as a critical safety component of lithium-ion batteries.
Executive Chairman Cameron Pearce commented:
“These results continue to highlight the emergence of Orom-Cross graphite as an important source of high-quality graphite products for use in military and aerospace applications. There are relatively few graphite projects worldwide capable of supplying the quality of products required for these specialist applications, which may open new offtake relationships and strategic opportunities and places Orom-Cross in a strong position moving forward as we advance towards first production.”
As we complete funding for P1 Production and move to building the first stage of operations, we are continuously testing new products and adding new offtakers, each of which builds further value within the Project. Our strategy is to differentiate Orom-Cross from other graphite projects by targeting the most lucrative markets available to us, through both our products and strategic relationships.”
For further information please contact:
|
Blencowe Resources Plc |
|
|
Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
|
|
Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441
|
|
Tavira Financial (Joint Broker):
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
|
Oak Securities (Joint Broker): Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
|
Cavendish (Joint Broker):
Neil McDonald / Peter Lynch / Hanna Leijonmarck |
Tel: +44 (0) 20 7908 6000 |
|
|
|
|
|
Diagram 1 : Showing latest Pluto rocket tested using Orom-Cross graphite
Diagram 2 : Rocket nozzle utilising Orom-Cross materials
Diagram 3 : Rocket Fins with Orom-Cross Ico phobic coatings applied to four sides (different samples), plus control sample (beige side)
Diagram 4 : Battery cell composed of 85% natural graphite (Orom-Cross) and 15% recycled graphite
#BRES Blencowe Resources PLC – High-Value Defence Applications for Orom-Cross
Blencowe Resources Plc (LSE: BRES) is pleased to report an update on the progress of the ongoing application component testing utilising Orom-Cross graphite concentrates produced from its 100%-owned Orom-Cross Graphite Project in Uganda.
In July, Iain Wearing, the Company’s COO, visited development and testing partner American Energy Technologies (“AETC”) in Chicago for an update on several important programmes currently underway using Orom-Cross graphite products.
The latest work further demonstrates the potential for Orom-Cross graphite products to access specialist, high-value markets beyond conventional concentrate sales. This supports Blencowe’s strategy to continually optimise its product and sales mix towards higher-value applications as the Project advances towards production.
Highlights
· Orom-Cross graphite products being tested in advanced anti-radar / electromagnetic interference (“EMI”) shielding applications for Unmanned Aerial Vehicles (“UAV”) and other defence-related platforms
· Blencowe currently engaged with three manufacturers of advanced aerial platforms in Europe
· One potential offtake relationship now at an advanced commercial stage, subject to completion of ongoing flight testing and finalisation of documentation
· Specialist ultra-fine M635 97% Total Graphitic Carbon (“TGC”) material used in this application has indicative market pricing approaching US$20,000/tonne FOB manufacturing plant
· Latest UAV and anti-radar coating programmes build on previous successful aerospace and rocket propulsion testing, demonstrating continued progression from technical validation towards commercial end-use adoption
· Orom-Cross material currently being used in high-fidelity demonstration projects in real application environments
· Further evidence of Blencowe’s strategy to continually upgrade its sales mix towards higher-value graphite products and specialist Western markets
· Existing non-binding offtake coverage already exceeds planned P1 production of 20,000tpa, while the Company continues to build the broader sales book required for P2 production
· P1 funding discussions continue to advance in parallel, with the Company focused on securing the optimal project-level funding structure
Blencowe Resources is working with its development partners and several manufacturers of UAV technology platforms in Europe to develop formulations for EMI shielding coatings on top of advanced mobile aerial platforms. This anti-radar pigment is very topical for drone manufacturing as well as other defence applications.
In addition to its superb electrical conductivity, testing indicates that Orom-Cross graphite exhibits preferential naturally occurring characteristics of particular relevance to reducing the electromagnetic signature on objects to which this graphite is applied.
Experimental work has also demonstrated highly pronounced hydrophobic properties within natural crystalline flake graphite from Orom-Cross. These characteristics are beneficial for advanced aerial platforms applications where equipment may be exposed to fog, rain and other adverse atmospheric conditions.
Advanced Offtake Discussions
Blencowe Resources has engaged with three manufacturers of advanced aerial platforms, with one offtake relationship now at an advanced stage for application-ready dry powder pigment based on ultra-fine M635 97% TGC flake originating from Orom-Cross.
Commercial documentation is being progressed, with completion subject to final technical inputs and the outcome of ongoing flight testing.
Indicative market pricing for material used in this specialist application approaches US$20,000/tonne FOB manufacturing plant, demonstrating the potential value available from niche applications compared with conventional graphite concentrate sales.
Material from Orom-Cross is currently being used in high-fidelity demonstration projects in real application environments. The Company will update the market as this potential offtake progresses towards execution.
This opportunity represents the latest stage in a broader commercialisation pathway that has seen Orom-Cross graphite successfully tested across multiple aerospace, defence and advanced materials applications.
Offtake and Funding Strategy
Blencowe has already secured non-binding offtake coverage exceeding the planned 20,000tpa P1 Production volume and continues to optimise its sales portfolio as higher-value applications and counterparties emerge.
The Company’s strategy is to progressively replace lower-value sales opportunities with higher-value product pathways where appropriate, while simultaneously building the broader offtake book required to support the planned 70,000tpa P2 Production target.
In parallel, P1 funding discussions continue to advance. The Company remains focused on securing a project-level funding structure that supports development of Orom-Cross while minimising dilution at plc level and will update the market when there is substantive progress suitable for announcement.
Separately, as previously referenced, the Company continues to advance discussions around a potentially strategically significant tier one offtake. This process is now well advanced, with final technical and commercial inputs being completed. The Company will provide a further update if and when appropriate.
Photo: Blencowe COO, Iain Wearing holding sample of dry-powder pigment prior to shipment
Executive Chairman Cameron Pearce commented:
“This latest work further demonstrates the quality and versatility of Orom-Cross graphite products and the value that can be captured by moving beyond conventional concentrate sales into specialist, higher-value applications.
Blencowe has already more than covered the 20,000tpa P1 Production volume through existing non-binding offtake agreements. Our strategy now is to continually optimise that sales portfolio as higher-value opportunities emerge, while at the same time building the broader offtake book required to support P2 Production.
This particular defence application is a good example. Our Orom-Cross graphite is already being used in real-world testing environments, and the potential offtake relationship has progressed to an advanced commercial stage, subject to completion of the remaining technical work and documentation.
Funding remains the key gatekeeper to first production and we continue to advance P1 funding discussions in parallel. Our focus remains on securing the right project-level structure for Orom-Cross, rather than simply the quickest capital available.
Western customers are increasingly seeking high-quality graphite products from non-Chinese sources to reduce geopolitical and supply-chain risk. We believe Orom-Cross is exceptionally well positioned for this shift, and the emergence of specialist opportunities such as these further strengthens the commercial case for the Project.“
|
For further information please contact: |
|||
|
Blencowe Resources Plc |
|
|
|
|
Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
|
|
|
|
Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441 |
|
|
|
Tavira Financial (Joint Broker):
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
|
|
|
Oak Securities (Joint Broker):
Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
|
|
|
Cavendish (Joint Broker):
Neil McDonald / Peter Lynch / Hanna Leijonmarck |
Tel: +44 (0) 20 7908 6000 |
|
|
|
|
|||
|
|
|
||
|
|
|
||
#BRES Blencowe Resources PLC – Testwork Confirms Highest Purity
Blencowe Resources Plc (LSE: BRES) is pleased to announce further exceptional high-grade purification results from testwork undertaken in association with Alkeemia S.P.A.(“Alkeemia”), a specialist graphite processing organisation based in Porto Marghera, Northern Italy. This is the first Orom-Cross purification test work conducted within the EU and it represents a bridge into that significant market moving forward.
Highlights
· Purification testing upgraded all Orom-Cross products to 99.99 carbon content. It is extremely rare for purified graphite to achieve these 4-nines.
· Four-nines purity is considered the highest purification grade possible and is required for lucrative defence, nuclear and specialist energy applications.
· Independent European processing confirms non-Chinese purification capability.
· Alkeemia’s process offers a cleaner, lower-toxicity and lower-carbon alternative to conventional Chinese technologies.
· Independent testing by a specialist European firm strengthens ongoing offtake discussions and opens additional sales opportunities into European markets.
· Discussions with Alkeemia regarding potential direct offtake and European purification arrangements.
Strategic Significance
Initial results show that all Orom-Cross concentrates tested were successfully upgraded using Alkeemia’s proprietary process to achieve 99.99% carbon content, exceeding the 99.95% purity typically required for lithium-ion battery applications.
This level of purity enables Blencowe to target higher-value, strategically important end markets including niche defence and nuclear and specialist industrial applications where product quality, traceability and supply security are critical.
Importantly, the Alkeemia process provides a Western, non-Chinese, purification route, utilising a simpler, less toxic, and more cost-effective methodology than conventional acid-based processes widely used in China. This further aligns Orom-Cross with growing European and US policy objectives to establish secure independent, and sustainable critical mineral supply chains.
Orom-Cross has previously achieved 99.99% purity through testwork conducted by American Energy Technology (“AETC”), a US based technical graphite specialist, using their own proprietary thermal process that differs from the chemical-based approach employed by Alkeemia. The AETC relationship has since evolved to introduce Blencowe a range of valuable niche offtake opportunities, including testing with US Dept of Defence and the EU SAFELOOP initiative.
Blencowe believes that engagement with Alkeemia has the potential to develop in a similar manner providing a gateway to European downstream markets. With AETC and Alkeemia utilising different purification methodologies, the Company is also broadening its downstream optionality across multiple high-purity processing routes.
Figure 1: Purification testing on Orom-Cross products.
Future Relationship
Blencowe and Alkeemia have identified areas of mutual technical and commercial interest and are continuing discussions regarding potential future collaboration.
The ability to deliver ultra-high-purity graphite products through a European-based purification route adds further upside potential to the DFS economics by expanding access to higher-margin, supply-constrained end markets. Engagement with specialist European processors such as Alkeemia also provides valuable technical validation and supports broader dialogue with a wider range of downstream customers and strategic end users, particularly within Europe.
Cameron Pearce, Blencowe’s Executive Chairman commented: “These purification results are a significant milestone for Orom-Cross and once again demonstrate that our graphite can achieve the very highest purity levels required for specialist applications, including defence, nuclear and strategic energy uses where quality and supply security are critical. It also opens the potential for a valuable new partnership to develop.
Achieving 99.99% carbon content through a non-Chinese, European-based purification route materially enhances the strategic value of Orom-Cross. It positions the project not only as a large-scale, low-cost graphite development, but also as a credible contributor to Western critical mineral supply chains.
Importantly, this work adds further upside potential to the economics outlined in our DFS by broadening access to higher-margin, supply-constrained markets. Combined with the scale we continue to demonstrate through drilling, this reinforces Orom-Cross as a long-life, strategically relevant asset as we advance funding and offtake discussions.”
For further information please contact:
|
Blencowe Resources Plc |
|
|
Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
|
|
Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441 |
|
Tavira Financial (Joint Broker)
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
|
Oak Securities (Joint Broker)
Calvin Man /Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
|
|
|
|
|
#BRES Blencowe Resources PLC – Further Battery Testing Success
Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda is pleased to announce continued international testing of graphite from its Orom-Cross project in Uganda has confirmed superior performance across multiple battery technologies.
Highlights:
· Latest testing by Apollo Energy Systems Inc. (“Apollo”) shows Orom-Cross graphite delivers ~12% enhanced performance in lead-acid battery cells.
· Best performing materials are purified by-products from the SPG process opening new high-value outlet for secondary graphite streams.
· The lead-acid battery market consumes over 50,000 tonnes of graphite annually across the U.S., Europe and Australia (entirely outside China’s supply chain).
· These results complement earlier testing by American Energy Technologies (“AETC”) under the EU-funded SAFELOOP programme, where Orom-Cross graphite achieved 99.98 wt%C purity and was used to produce EV anode materials containing over 68% natural graphite, delivering exceptional performance consistency.
· Ongoing testing programmes (including those undertaken for certain U.S. agencies through technical partners) continue to highlight Orom-Cross as a source of premium, high-performance graphite.
Testing by Apollo, a U.S. leader in advanced lead-acid battery innovation, demonstrated that Orom-Cross graphite enhances discharge capacity by approximately 12% versus peer materials. When added as a 2 wt.% component in the negative electrode Orom-Cross graphite improved:
· Energy capacity
· Charge acceptance
· Resistance to sulfation
· Overall cycle life
These outcomes highlight the opportunity to expand into the large, established lead-acid battery market, used in vehicles, grid storage and backup systems globally. Importantly, the materials tested are by-products from the SPG (Spheronised Purified Graphite) process, showing that even secondary streams from Orom-Cross deliver commercial-grade, high-performance value.
This follows outstanding earlier results from AETC in Chicago, which conducted pilot-scale purification and anode testing using Orom-Cross graphite within the SAFELOOP programme. The material was purified to 99.98 wt%C, achieving battery-grade purity suitable for electric vehicle applications. Anode materials containing over 68% natural Orom-Cross graphite, replacing predominantly synthetic graphite inputs used in most EV batteries, delivered performance levels that exceeded expectations, confirming Orom-Cross graphite’s exceptional electrochemical characteristics.
Combined, these independent studies by leading graphite technical experts continue to demonstrate Orom-Cross’s rare combination of high purity, superior conductivity, and multi-market adaptability, which are all qualities sought by energy storage and defence-related agencies worldwide.
Executive Chairman Cameron Pearce commented:
“We have extensive testing underway in multiple locations worldwide, using different partners with deep technical expertise in their respective fields. This latest programme with Apollo Energy has opened a potential new market opportunity for Orom-Cross graphite in the large, well-established lead-acid battery sector.
These latest results further confirm what sets Orom-Cross apart and specifically that our graphite material substantially enhances performance delivering higher capacity, greater charge acceptance and longer battery life. This means Orom-Cross graphite can add real value in a market that already consumes tens of thousands of tonnes of graphite each year and operates outside the Chinese supply chain.
These findings build on earlier work by American Energy Technologies under the SAFELOOP programme, where Orom-Cross achieved 99.98 wt%C purity and recorded the highest performance score ever seen by AETC for a natural graphite project. Together, they reinforce Orom-Cross as a globally competitive, next-generation graphite source suited to multiple battery technologies.
As we move towards completion of our Definitive Feasibility Study these ongoing results are helping shape our marketing strategy and early offtake discussions, particularly in higher value western markets. They continue to validate the quality of our product and demonstrate how Orom-Cross can meet a wide range of high-value, high-performance graphite demand globally.”
Appendix – Test Results Summary
Figure 1. Last Seven Cycles Comparison – Blencowe vs Control (HE-1511)
The chart below illustrates the clear and consistent performance advantage of Orom-Cross graphite over the control material across the final seven discharge cycles, confirming stronger energy retention and reduced performance degradation over time.
Discharge Capacity Comparison – Average 12.6% Improvement
|
Cycle # |
1 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
|
|
HE-1511 |
79.62 |
77.16 |
77.38 |
76.78 |
75.13 |
74.47 |
75.01 |
74.85 |
75.73 |
mAh/g NAM |
|
Blencowe |
85.50 |
86.29 |
86.36 |
85.99 |
86.66 |
85.09 |
84.26 |
83.59 |
84.45 |
mAh/g NAM |
**ENDS**
For further information please contact:
|
Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250
|
|
Investor Relations Sasha Sethi |
Tel: +44 (0) 7891 677 441 |
|
Tavira Securities Jonathan Evans |
Tel: +44 (0)20 3192 1733
|
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
Background
Orom-Cross Graphite Project
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit.
A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is now completing the Definitive Feasibility Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
Apollo Energy Systems Inc.
Apollo is a company with 60-years of experience in development of Batteries, Fuel Cells and Systems which incorporate those products. Their roots go back to 1953 when they built their first battery plant in Puerto Rico.
The company is developing “Lead Cobalt Battery” and “Alkaline Fuel Cell” to provide a Propulsion system for an electric vehicle which will enable that car to drive continuously, like a gasoline powered car, without external recharging (not necessary to “plug-in” to an outside receptacle); and will provide a Power Plant System to give electricity to a home, farm, hotel, cell towers or commercial establishment without use of the outside grid supplied by electric utility companies.
#SVML Sovereign Metals LTD – International Development Organisation Partnership
SOVEREIGN PARTNERS WITH INTERNATIONAL DEVELOPMENT ORGANISATION IN MALAWI
· Sovereign has entered into an MoU with The Palladium Group – a US-based international development entity operating in Malawi.
· Palladium implements several development projects, including the Feed the Future Malawi Growth Poles Project, which invests in local rural communities to advance sustainable, climate-smart, and inclusive wealth creation.
· Sovereign and Palladium will collaborate around Sovereign’s Kasiya Project to provide key agricultural inputs, training, technologies, and financing to develop and integrate smallholder farmers into the emerging high growth agriculture value chains.
· A central pillar of the MoU and partnership is Sovereign’s existing Conservation Farming Program, which aims to promote tried and tested improved small-scale agricultural practices, and the creation of community support and mentorship networks.
·
Sovereign Metals Limited (ASX: SVM; AIM: SVML) (Sovereign) has signed a Memorandum of Understanding (MoU) with The Palladium Group (Palladium) – a US-based development entity implementing several development projects in Malawi including the Feed the Future Malawi Growth Poles Project (Growth Poles). Growth Poles is a US$50 million project that will run from 2023 to 2028.
Palladium is a global impact firm that works to link social progress and commercial growth. For nearly six decades, Palladium has been working with corporations, governments, investors, communities, and civil society to formulate strategies, build partnerships, mobilise capital, and implement programs that have a lasting social and financial impact. With a workforce of over 2,500 global leaders, Palladium has positively impacted the lives and livelihoods of more than 76 million people across 90 countries; broadening access to health, water, power, and infrastructure; building enduring, sustainable, and transformative institutions and market systems to address global challenges; and conserving the natural world.
Sovereign has launched several social development initiatives focused on improved health (provision of clean water), education (scholarships and school support), and conservation farming practices in communities located near and within Sovereign’s Kasiya Rutile-Graphite Project (Kasiya or Project) area.
The MoU identifies Sovereign as a potential anchor firm in Malawi and Kasiya as an anchor client or “Partner Growth Pole”. The MoU sets out a long-term vision for multi-partner investment and co-development aimed at supporting community engagement activities and scaling up the availability of commercial agriculture across Malawi, in particular in environmentally and economically vulnerable groups and households, to improve livelihoods for communities around the Kasiya Project.
A central pillar of the MoU and partnership is Sovereign’s existing Conservation Farming Program (refer to Company ASX announcements dated 26 February 2024 and 15 April 2024), which aims to promote tried and tested improved small-scale agricultural practices, and the creation of community support and mentorship networks. The Conservation Farming Program’s objective is to substantially improve crop yields of the farming communities within and around the Project area, thus improving food security and economic growth.
Sovereign and Palladium are already collaborating to provide Purdue Improved Crop Storage (PICS) bags to beneficiaries of Sovereign’s Conservation Farming Program. PICS are non-chemical, hermetically sealable bags that reduce post-harvest losses by 20-30% caused by poor storage of grains.
The MoU also establishes the foundation for the potential long-term development of partnerships with multiple private sector firms and development agencies, with the aim of catalysing diverse and inclusive development across a wide area, through mechanisms such as input financing, extension support, offtake arrangements, and complementary investments in value chain infrastructure. The MoU expires on 18 April 2028 and can be extended by mutual agreement.
Sovereign and Palladium Staff Standing Together with Sovereign’s Conservation Farming Beneficiaries
Sovereign’s Kasiya project is one of only 11 Tier 1[i] mineral deposits discovered in the last decade. It is the world’s largest Rutile resource and second largest flake Graphite resource, and has the potential to be the world’s largest, lowest cost, and lowest carbon producer of both minerals.
Sovereign recognises that the Kasiya Project presents an opportunity to assist Malawi in realising its stated Sustainable Development Goals and can directly benefit local communities. The positive impact of the Kasiya project will be further enabled through the development of partnerships with the Government of Malawi, international development organizations, and the private sector.
ENQUIRIES
|
Frank Eagar (South Africa/Malawi) +61(8) 9322 6322 |
Sam Cordin (Perth) +61(8) 9322 6322 |
Sapan Ghai (London) +44 207 478 3900
|
|
Nominated Adviser on AIM and Joint Broker |
|
|
SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
|
Ewan Leggat Charlie Bouverat |
|
|
|
|
|
Joint Brokers |
|
|
Stifel |
+44 20 7710 7600 |
|
Varun Talwar |
|
|
Ashton Clanfield |
|
|
|
|
|
Berenberg |
+44 20 3207 7800 |
|
Matthew Armitt |
|
|
Jennifer Lee |
|
|
|
|
|
Buchanan |
+ 44 20 7466 5000 |
#TEK TekCapital Plc – Guident Update
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people’s lives, is pleased to provide a progress report on Guident Ltd. (“Guident”).
Guident is developing remote monitoring and control software to improve safety of autonomous vehicles and land-based delivery devices. Guident’s software will incorporate artificial intelligence and advanced network technologies to minimize signal latency and help improve the safety of autonomous vehicles.
Since the start of 2023, Guident has enjoyed greater commercial traction and its sales pipeline grow as a result of meetings with new strategic partners and prospective customers. A strategic workshop also took place where Guident agreed on the R&D roadmap for 2023, including a newly defined order process and product names for the Remote Monitoring and Control Center solution (RMCC) and the Regenerative Shock Absorber (RSA) and its components.
Guident will shortly deploy its RMCC service for the Jacksonville Transportation Authority (JTA) and expects the first Purchase Order from the contract shortly. Management visited JTA in February 2023 which resulted in defined actions for the deployment of Guident’s proprietary teleoperation solution by May 2023.
RMCC
As announced on 17 Februry 2023, Guident signed a letter of intent with Auve Tech a developer and manufacturer of autonomous transportation systems . Guident’s management team also visited Auve Tech with a view to deploying turn-key solutions consisting of Guident’s teleoperation software being included with Auve Tech’s level-4 Autonomous vehicles to potential customers in the US, Europe, and Asia.
Meeting Auve Tech Leadership Team in Estonia 2023
Auve Tech Autonomous Level-4 Shuttle
The Company is also finalizing its contract with the Boca Raton Innovation Campus (BRiC) to provide AV shuttle services, together with its partners. Guident’s will update the market on the successful execution of this project in due course.
BRIC Campus and Proposed Autonomous Shuttle Route Map
Lastly, Guident has partnered with Novelsat to provide space connectivity for AVs under the Space Florida project. Space Florida was created to strengthen Florida’s position as a global leader in aerospace research, investment, exploration, and commerce by leveraging NASA’s research ecosystem. We believe that such connectivity would further enhance Guident’s competitive advantage by adding an always available, low earth orbit monitoring solution, for its remote monitoring and control centres.
LEO Satellites to be Used by Guident for System Redundancy
The Market
According to Triton Market Research “ the last mile AV autonomous vehicle delivery market is expected to reach $41.7 billion by 2028 with a CAGR of 19%. Contactless or “touch-free” delivery is in high-demand since the COVID 19 pandemic and Guident believes this increased demand will accelerate the roll-out of land-based delivery drones for pedestrians, food and medicines to improve their availability and reduce the costs of these deliveries.
About Guident
Guident commercializes new technology to enhance the safety, efficiency and utility of autonomous vehicles and ground-based drones using its proprietary IP & software apps for remote monitoring and control. To learn more please visit www.guident.co
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
Tekcapital owns 100% of the share capital of Guident Ltd. Guident Ltd owns approximately 91% of Guident Corp., its US subsidiary.
For further information, please contact:
|
Tekcapital Plc |
V ia Flagstaff |
|
|
Clifford M. Gross, Ph.D. |
||
|
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
|
|
Richard Morrison/Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking) |
||
|
Flagstaff Strategic and Investor Communications |
|
+44 (0) 20 7129 1474 |
Tim Thompson/Andrea Seymour/Fergus Mellon