A new memorandum of understanding (MoU) has been signed with a Middle East Civil Aviation Authority for the provision of long term aviation security services at a significant international airport, it told investors.
The airport services several million passengers each year, it added.
“2015 represented a year of stabilisation, reorganisation and regeneration. Our intention is to make 2016 the year we begin to see sales traction,” said Aziz Musa, chief executive.
The video editing specialist reduced operating and capitalised costs by a third in 2015, to £4.5mln, lowering the overall loss for the year to £2.63mln (£3.64mln). Revenues were modest still at £709,000 (689,000), but there was an uptick in the second half.
Currently designed only as an open pit, going underground would add a further 50,000 ounces to output, according to a preliminary economic assessment that looks at expansion plans. This would boost the net present value of the project to US$200mln at an estimated capital cost of US$37mln.
TV production firm Ten Alps (LON:TAL) said it had an “interesting” commission pipeline as it looked to secure bigger deals in a thriving US market.
“We have to wait until the networks let us make it public before we can talk about them. But we are building a good pipeline and in doing so raising the quality of our revenues,” chief executive Mark Wood told Proactive Investors.
The creator of daytime staples such as 'Penelope Keith’s Hidden Villages' and 'Put Your Money Where Your Mouth Is' said it was also making progress securing programme deals in the US.
The group, soon to be renamed Zinc Media, said it is seeing a trend where larger networks, namely National Geographic and Discovery, are committing to spending more money on programming to boost audience ratings.
The working capital facility is for $20mln - with an interest rate of Libor plus 5%, and 1% arrangement fee - and the standby loan facility is for $15mln, carrying an interest rate of Libor plus 2%.
The new expiry date for both facilities is 30 May, 2017.
RapidCloud International PLC (LON:RCI) shares jumped nearly 40% in early deals after the AIM firm unveiled a new partnership with Alibaba.com. The new strategic partnership with AliCloud, Alibaba Group’s international business and cloud computing arm, opens up RapidCloud to a larger customer base.
It will let RapidCloud offer AliCloud's public cloud infrastructure, consulting, managed services, training and support across its offices in South East Asia, the AIM company said.
The allergy vaccine specialist said revenue in the six months to December 31 rose 12% to £31.5mln as its share of all major markets increased. It started a US phase II study for its GrassMatampl product in December and said it was on track for data read-out in the second half of this year.
Last month, the AIM firm agreed the sale of its repair services business as it aims to focus purely on Blancco - the data erasure (data clearing) software business, which helps firms achieve IT security and compliance. It is also in talks to sell its Digital Care business separately.
Eckoh, which already manages the distribution of calls into Ideal's UK and overseas centres, is expanding its service to include web, phone, email, social media and web chat channels.
Gulf Keystone Petroleum Limited (LON:GKP) has confirmed it has received a $15mln gross payment from the Kurdistan Regional Government for crude produced at the Shaikan field.
The oil company will receive around $12mln net. Last month, on February 19, the company flagged that the KRG had authorised the payment. It comprises $5.8mln is for oil exported in January, and $9.2mln of payments towards the recovery of arrears.
Following the KRG payment, Gulf Keystone said its cash position was $56mln.