Aquis Stock Exchange Weekly Highlights 08/07/2024

OTAQ plc announced its audited results for the year ended 31 December 2023. The Group achieved revenues of £4.4m in the year (2022 9 mths: £2.56m) driven by £3.2m in the Offshore division (2022: £1.62m) and £1.2m (2022 9 mths: £0.88m) in the Aquaculture division.

Phil Newby, Chief Executive at OTAQ, said: “With an improved reported revenue for the year, the Board remains confident in its current growth strategy, part of which is to commercialise a number of opportunities in the Aquaculture space. We expect the Placing of £1.7m Secured Convertible Loan Notes and the Broker Option for up to a further £1m Secured Convertible Loan Notes to provide the working capital and balance sheet strength needed to complete the commercialisation of our new products.” Read more…

SulNOx Group Plc announced that it has secured a further patent in Indonesia. Consistent with patents for the US, Europe, Eurasia, Georgia, South Africa, Hong Kong and China already granted to SulNOx, this latest patent covers a range of formulation versions which includes both the Berol® 6446 Heavy Fuel Oils (HSFO) emulsifiers and SulNOxEco™ Fuel Conditioners which enhance all diesel, petrol/gasoline and biofuels, Very and Ultra Low Sulphur Fuel Oils (VLSFO/ULSFO) and other lighter marine fuels. Read more…

Coinsilium Group Limited announced that it has entered into a Simple Agreement for Future Tokens ("SAFT") with the Otomato Web3 Automation Protocol. Otomato is a Web3 automation protocol designed to simplify the process of building applications by eliminating the complexities of blockchain development.

Highlights
• Coinsilium enters SAFT Agreement to purchase USD75,000 of future tokens in the “Early Backers” round.
• The SAFT grants an option to Coinsilium for the acquisition of an additional USD150,150 of future protocol tokens.
• The Company says users of the decentralised application Otomato.xyz can create and automate their own Web3 trading strategies without the need of any coding skills.
Read more…

IntelliAM AI PLC, which joined the Aquis Stock Exchange on Wednesday 3rd having raised £5m, confirmed completion of the acquisition of 53 Degrees North Engineering Limited. 53 Degrees North is a provider of a broad range of asset care consulting and management strategies for manufacturers, particularly in the fast-moving consumer goods sector. 53 Degrees North has been trading for over 11 years, and in 2016 achieved a turnover of £1m through contract wins with 2 major FMCG companies. Read more…