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Seeing Machines highlights strong cash position; says it's on track to achieve revenue targets

Seeing Machines Ltd

Seeing Machines Ltd CEO Paul McGlone joined Proactive's Stephen Gunnion with a comprehensive update on the company’s performance for the first half of 2024. McGlone highlighted a strong financial position with over US$22 million in cash, alongside receivables and inventory totaling an additional US$31 million, positioning the company well for future profitability and breakeven. He emphasised the absence of a need for additional funding, thanks to a projected increase in high-margin software royalties from the automotive sector, which are expected to significantly boost cash flow. McGlone also shared optimism about achieving consensus revenue targets, noting a historical trend of stronger performance in the second half of the financial year. Despite a dip in automotive volumes in the recent quarter, McGlone pointed to the early stages of royalty growth and external economic factors as reasons for variability, maintaining confidence in long-term growth targets. Looking ahead, McGlone anticipates an uptick in cars featuring Seeing Machines’ technology, driven by increasing market demand for semi-autonomous driving features and regulatory requirements. The company’s focus on high-margin royalty revenues within the automotive business is expected to underpin growth and profitability, with significant revenue projections for financial year 2026 based on already secured business. Additionally, Seeing Machines is making strides in the aftermarket sector, with a promising product launch at the Geotab Connect event in Las Vegas. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 14, 2024 02:39 AM Eastern Standard Time

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Light Science Technologies sees more opportunities as it expands into new markets

Light Science Technologies Holdings PLC

Light Science Technologies Holdings PLC CEO Simon Deacon joined Proactive's Stephen Gunnion to discuss a £130,000 order secured by its UK Circuits and Electronics Solutions Limited (UKC) business in the sports and entertainment sector. This initial order has the potential to grow into an annual £1 million contract, reflecting the company's strategy to broaden its customer base and secure larger contracts. Light Science Technologies is also focusing on improving gross margins and streamlining processes through capital investment. In the pest control sector, UKC has achieved orders worth £1.4 million this financial year, contributing to a forward order book exceeding £4 million. This success underscores the company's positive outlook and its intention to continue expanding in both new and existing markets. Additionally, the company is eyeing significant growth in the Controlled Environment Agriculture (CEA) sector, engaging in a European roadshow to meet potential clients. Light Science Technologies aims to establish a global network of distributors to sell its products, including sensors, control systems, and software lighting, essential for enclosed environment agriculture. This focus on food security and vertical farming highlights the company's commitment to innovation and growth across diverse sectors. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 14, 2024 02:33 AM Eastern Standard Time

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Metals One uncovers 'economically important' Talvivaara-style mineralisation at Finnish project

Metals One PLC

Metals One PLC (AIM:MET1) CEO Jonathan Owen joined Proactive's Stephen Gunnion with details of breakthrough drill results from the R1 Hook target at its Black Schist Project in Finland. The drill program encountered Talvivaara-style mineralization in all eight holes, a type known for its low-cost processing advantages in nickel, copper, and cobalt extraction. This discovery is significant due to its environmental benefits and potential economic value. Owen highlighted the project's existing 28 million tonnes of inferred resources and the potential for significant expansion, including into newly reserved areas to the east. The exploration has been guided by historical data and new technologies, aiming to extend the existing resource base. Future plans include community engagement in Finland, further exploration of additional targets, and the development of a significant inferred resource at the P5 exploration target. [Metals One PLC aims to help meet the significant European demand for battery metals by identifying and developing mineral resources at brownfield projects in Finland and Norway, ideally situated on the doorstep of Europe’s major electric vehicle original equipment and battery manufacturers.] Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 14, 2024 02:29 AM Eastern Standard Time

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Alien Metals says iron ore development study reinforces case for Hancock Project

Alien Metals Ltd

Alien Metals Ltd non-executive chair Alwyn Vorster joined Proactive's Stephen Gunnion with details of an iron ore development study for the company's Hancock Iron Ore Project in Western Australia, including an updated Mineral Resources Estimate (MRE). The study, which took approximately five to six months to complete, showcases an encouraging economic development pathway for the project, aiming for construction completion by the end of the year and market entry in early 2025. Highlighting the updated MRE of 8.4 million tonnes at 60% iron content, Vorster emphasized the vast exploration potential beyond this initial figure, pointing out the unexplored adjacent territory that could significantly augment the project's resource base. The economic viability of the project is further bolstered by an all-in-sustaining cost of $85 per ton, with iron ore currently trading around $130 per ton. He said Alien Metals’ project also stands out for its low capital expenditure requirement, estimated at $20 to $30 million, versus billions for larger companies. Additionally, he highlighted the strategic advantages of the Hancock project's location, including proximity to major infrastructure like export facilities and the town of Newman, which reduces the necessity for substantial additional infrastructure development. Looking forward, securing the mining lease is identified as the next critical milestone, with construction anticipated to start by mid-year. Alien Metals aims to commence ore extraction in the first quarter of 2025, promising further updates as the project progresses. ‌ Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 14, 2024 02:24 AM Eastern Standard Time

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Νόμοι τυχερών παιχνιδιών στην Ελλάδα: Ένα σύντομο άρθρο

AM Europe

Η Ελλάδα έχει υποστεί σημαντικές αλλαγές στους νόμους περί τυχερών παιχνιδιών κατά τις τελευταίες δεκαετίες. Αυτό το άρθρο παρέχει μια σύντομη επισκόπηση των τρέχουσων κανονισμών και πώς επηρεάζουν τους παίκτες και τους παρόχους τυχερών παιχνιδιών. Ιστορικό Πριν από το 2011, τα διαδικτυακά τυχερά παιχνίδια απαγορεύονταν στην Ελλάδα. Ο Νόμος 4002/2011 εισήγαγε ένα σύστημα αδειοδότησης για τα διαδικτυακά τυχερά παιχνίδια, αλλά δεν εφαρμόστηκε πλήρως. Ο Νόμος 4635/2019 τροποποίησε τον προηγούμενο νόμο, καθιστώντας ευκολότερη την απόκτηση άδειας για διαδικτυακούς παρόχους τυχερών παιχνιδιών. Τρέχουσα κατάσταση Τα επίγεια και διαδικτυακά καζίνο, τα στοιχήματα και η λαχειοφόρος αγορά είναι νόμιμα στην Ελλάδα, υπό την αυστηρή ρύθμιση της Ελληνικής Επιτροπής Εποπτείας και Ελέγχου Τυχερών Παιχνιδιών (ΕΕΕΠΤ). Η ελάχιστη ηλικία για συμμετοχή σε τυχερά παιχνίδια είναι 21 ετών, Λέει το CasinoOnline-GR.com. Οι πάροχοι τυχερών παιχνιδιών πρέπει να πληρούν αυστηρά κριτήρια για να λάβουν άδεια και να υπόκεινται σε συνεχείς ελέγχους. Υπάρχουν αυστηρές ποινές για παράνομη δραστηριότητα τυχερών παιχνιδιών. Σημαντικά σημεία Το μονοπώλιο της ΟΠΑΠ στα διαδικτυακά παιχνίδια λαχειοφόρων αγορών λήγει το 2030. Η κυβέρνηση συζητά περαιτέρω αλλαγές στους νόμους περί τυχερών παιχνιδιών, όπως η φορολόγηση των κερδών από τυχερά παιχνίδια. Συμπέρασμα Οι νόμοι περί τυχερών παιχνιδιών στην Ελλάδα είναι περίπλοκοι και συνεχώς εξελίσσονται. Είναι σημαντικό για τους παίκτες και τους πα Contact Details Dobroslaw Jaworski +30 699 613 5236 dobroslaw@casinoonline-gr.com

February 14, 2024 02:00 AM Eastern Standard Time

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Amplia Therapeutics moves to next phase of pancreatic cancer treatment trial

Amplia Therapeutics Ltd

Amplia Therapeutics Ltd (ASX:ATX) CEO Chris Burns joins Proactive’s Jonathan Jackson to discuss the company’s busy quarter and what investors can expect over the coming months. Burns talks us through the completion of the Phase1B stage of the ACCENT clinical trial in advanced pancreatic cancer patients and the promising early signs of drug efficacy that have resulted. The company has now started its Phase2a trial, dosing patients in January. Further to this, there’s also been good news from Korea. Korean drug regulators have approved the company’s application to conduct the ACCENT trial in that country and Korean sites are ready to recruit patients. Finally, Burns discusses an Investigational New Drug application (INDA) submitted to the FDA and what that means for the company moving forward. Burns said: “Clearance of the IND by the US FDA is a significant step forward for the company. We will now start planning the combination trial of narmafotinib with FOLFIRINOX in the US, which expands the clinical opportunities for our best-in-class FAK inhibitor. "FOLFIRINOX is the preferred treatment for pancreatic patients in the USA and most of Europe, and therefore this combination trial is highly relevant as we position narmafotinib as the preferred drug to enhance the effectiveness of existing chemotherapy combinations in pancreatic cancer.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 13, 2024 08:15 PM Eastern Standard Time

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Alderan Resources stakes lithium claim in Brazil

Alderan Resources Ltd

Alderan Resources Ltd (ASX:AL8) managing director Scott Caithness joins Proactive’s Jonathan Jackson to discuss the company’s move into Brazil and the lithium assets it has acquired there. Alderan is the first lithium explorer to systematically assess this very large suite of prospective projects in Brazil. Caithness explains what the company saw in the Brazilian lithium scene, the pace at which it established itself there and the work that has already begun in just a few months of holding the assets. Caithness, a former Rio Tinto and CRA executive, also gives us his take on the current lithium market. Finally, he takes us through the company’s plans over the next few months. Caithness said: “Alderan’s exploration on its newly acquired lithium projects in the Lithium Valley district of Minas Gerais commenced less than one month after shareholder approval for acquisition of the projects. “This is a very exciting stage of the exploration program because we are the first explorers to systematically assess our very large suite of prospective projects for lithium." Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 13, 2024 08:00 PM Eastern Standard Time

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Benchmark International Successfully Facilitated The Transaction Between A.D.A. Supplies & Leasing Services Inc. To Safety Supply Group

Benchmark International

Benchmark International is pleased to announce the acquisition of A.D.A Supplies & Leasing Services Inc. to Safety Supply Group. A.D.A Supplies & Leasing Services Inc. is a reputable company specializing in wholesale distribution and retail services for a diverse range of products. The company primarily provides safety and industrial supplies, personal protective equipment (P.P.E, maintenance, repair, and operations (M.R.O.). A.D.A. Supplies also cater to the needs of commercial businesses and federal government agencies. Safety Supply Group is a prominent company that provides safety supplies for various industries. As a dedicated supplier, Safety Supply Group focuses on delivering high-quality safety products to enhance workplace safety and compliance. The company is looking to expand its operations to a second location. The merger enables Safety Supply Group to offer a broader range of safety and industrial supplies, catering to the diverse needs of its customers. Through consolidating expertise from Safety Supply Group and A.D.A. Supplies & Leasing Services Inc, the combined entity is poised to provide unparalleled knowledge and support to clients. Integrating resources and capabilities will result in more efficient and streamlined operations. "We enjoyed working with the founder, Dee Cabrera, on this deal. There were some highs and lows throughout the process, but Dee was always optimistic and cheerful We are pleased that we secured an agreement that accomplished her goals and resulted in a productive transaction for all parties. We wish Dee the best in this next phase of life!" - Justin Gottschalk, Senior Transaction Associate, Benchmark International Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

February 13, 2024 02:55 PM Eastern Standard Time

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Benchmark International Successfully Facilitated The Transaction Between Awnclean U.S.A., Inc. And The Valcourt Group

Benchmark International

Benchmark International is pleased to announce the acquisition of Awnclean U.S.A., Inc. And The Valcourt Group. Awnclean U.S.A., Inc. is a leading full-service general cleaning and maintenance company renowned for exceptional service in Florida since 1989. The company specializes in various specialty cleaning services, adapting its offerings to meet the unique requirements of its diverse clientele. Awnclean U.S.A., Inc. is notable for its comprehensive solutions to enhance commercial spaces’ cleanliness and efficiency, ranging from routine janitorial services to specialized tasks like pressure washing, awning and canopy cleaning, window cleaning, and more. The Valcourt Group, recognized as the leading commercial restoration, waterproofing, and window cleaning services provider, continuously redefines industry standards through its exceptional service quality. By fostering collaborative relationships with property owners and managers, The Valcourt Group delivers a thorough and integrated approach to maintaining and enhancing the exterior aspects of buildings. This strategic merger unites The Valcourt Group’s unparalleled proficiency in commercial restoration, waterproofing, and window cleaning with Awnclean U.S.A., Inc.’s comprehensive general cleaning and maintenance expertise. This collaboration creates a powerhouse in commercial facilities management, offering a full spectrum of services with augmented capabilities and a steadfast commitment to excellence. Reflecting on the merger, Justin Gottschalk, Senior Transaction Associate at Benchmark International, shared, “Working with Paul and Amy throughout the Benchmark process was incredibly rewarding. Their openness to learning and adaptability during challenging times, especially throughout the pandemic, was commendable. Our diligent market exploration led us to a perfect valuation and partnership fit alignment. We’re excited for Paul and Amy as they embark on this new chapter, and we extend our best wishes to all parties involved in this venture.” Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

February 13, 2024 02:50 PM Eastern Standard Time

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