Vela Technologies #VELA – Put Option for potential sale of Economic Interest in AZD1656 April 20, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to announce that the Company has today entered into a put option agreement (“the Option Agreement”) to give the Company the right, but not the obligation (“the Option”), to sell its economic interest in the commercialisation of the Covid-19 application of AZD1656 for a total consideration of £4.0 million. The Option is being granted by…

#VELA TECHNOLOGIES PLC – PUT OPTION AGREEMENT – COVID-19 application of AZD1656 – Posted in: Blog, Vela Technologies Plc (VELA)

Put Option for potential sale of Economic Interest in AZD1656 The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to announce that the Company has today entered into a put option agreement (“the Option Agreement”) to give the Company the right, but not the obligation (“the Option”), to sell its economic interest in the commercialisation of the Covid-19 application of AZD1656 for a total…

#VELA TECHNOLOGIES PLC – INVESTEE CO. #MWE – CONTRACT WINS April 19, 2023 – Posted in: Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that its subsidiary Mottech Water Solutions Ltd (“Mottech”) has secured two long-term contract wins with a large Israeli municipality. The municipality is an existing customer and has agreed longer than previous contracts of five years (one of which is an annual contract but budgeted for five years and includes an option to extend…

#VELA TECHNOLOGIES PLC – INVESTEE CO. #CSFS CORNERSTONE – TRADING UPDATE – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS Plc (AIM: CSFS), a foreign exchange and payments company offering multi-currency accounts to businesses and individuals, is pleased to provide the following unauditedupdate on trading for the first quarter to 31 March 2023. As noted in the trading update announcement on 11 January 2023, the Group experienced strong trading momentum through FY 2022 and expects to report total revenue for the year ended 31 December 2022 of approximately £4.8m. This momentum increased in Q1 2023…

VELA TECHNOLOGIES #VELA INVESTEE COMPANY #TSP TruSpine Technologies plc – Company Update & Board Changes April 5, 2023 – Posted in: Vela Technologies Plc (VELA)

5th April, 2023 TruSpine Technologies plc, (AQSE: TSP) the medical device company focused on the development of its pioneering “screwless” spinal (vertebral) stabilisation systems, provides an update on its business collaborators and FDA application process, changes to the Company’s board composition and the appointment of new public and investor relation advisers. Company Update The Company has terminated a consultancy agreement with J Lees S Consultants LLC (“JLSC”) through which, inter alia, the services of Frank Boehm…

Vela Technologies #VELA – Investee co Kanabo #KNB Business Update February 14, 2023 – Posted in: Vela Technologies Plc (VELA)

Kanabo Group plc (LSE: KNB), a leading patient-focused HealthTech ecosystem, uniquely combining innovative technology solutions and personalised medical treatments, provides the following business update. Business Highlights and Updates: · Fully integrated the strategic acquisition of The GP Service, expanding the Company’s activities across the digital health services arena; · Generated over 100% increase in consultations on GP Service platform since acquisition; · Launched new cannabis-derived pain management formulations in the UK; · European CE approval…

Vela Technologies #VELA Investee Co. Skillcast Group PLC #SKL Director/PDMR Shareholding January 27, 2023 – Posted in: Vela Technologies Plc (VELA)

Skillcast Group plc, the provider of content and technology for digital compliance transformation, was informed that, on 27 January 2023, Richard Steele, Chief Financial Officer, bought 56,497 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 17.7 pence per Ordinary Share. Richard Steele, now has a total beneficial interest in 56,497 Ordinary Shares, equivalent to approximately 0.06 per cent. of the Company’s issued share capital. The FCA notification, made…

Vela Technologies #VELA – Investee Company EnSilica #ENSI secures two new contracts with existing customers worth $3.6m December 12, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica, a leading mixed signal chip maker, is pleased to announce that it has secured two new contracts, from existing customers based in mainland Europe, for a combined total of $3.6 million. The contracts, which underpin current market expectations, include incremental workflows with a major automotive Tier 1 customer, with both contracts expected to commence by January 2023. One of the contracts is to develop a TSMC 1 12 nm FinFet 2 chip, which the…

Vela Technologies #VELA – Investee company EnSilica #ENSI Named Company of the Year at UK Chip Oscars December 9, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading mixed signal chip maker, is pleased to announce that it was named the UK’s electronics Company of the Year at last night’s prestigious TechWorks Awards, the UK’s “Chip Oscars”. Declared by TechWorks as the night’s big winner, EnSilica also took home the TechNES Design Award, a collaboration award for the development of a Ka-band vehicle to satellite ASIC, that gives high-speed internet anywhere on the planet and young EnSilica engineer…

Vela Technologies #VELA – Investee Co ENSilica #ENSI AGM Trading Update November 24, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (“Application Specific Integrated Circuits”), provides an update ahead of its Annual General Meeting (“AGM”) scheduled to be held at 10.00 a.m. today. At the AGM, Mark Hodgkins, Executive Chair of EnSilica, will make the following statement: “In our first AGM statement as a public business, I am delighted to report that EnSilica traded strongly across the financial year ended 31 May 2022 (“FY 22”),…

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