Ceres Power Holdings PLC (LON:CWR), the fuel cell technology specialist, is to work with car giant Nissan to develop a range extender for electric vehicles.
The two firms, which will also work alongside manufacturer M-Solv, are aiming to develop a compact, on-board solid oxide fuel cell (SOFC) that increases the distance electric vehicles can go without recharging.
Elsewhere, Ormonde Mining (LON:ORM) has been granted access to land it wants to compulsorily purchase to build a tungsten mine at Barruecopardo in Spain.
The Regional Government of Castilla y Leon, where Barruecopardo is situated, has issued a declaration of urgent occupation over the area concerned.
Sierra Leone-based diamond miner Golden Saint Resources Ltd (LON:GSR) says it has made significant progress in its on-going exploration operations despite challenging conditions in the region.
Personal fitness monitoring group CloudTag (LON:CTAG) said it has seen another period of growth and was on schedule to hit its product launch targets.
Operating losses hit £2.1mln, more than 4 times that reported last year (£494,000), but this was attributed to costs associated with growth and was in line with the company’s strategy.
In other news, Regency Mines Plc (LON:RGM) has told investors that its new strategy will prioritise the group’s recently constructed oil and gas portfolio.
African airline carrier fastjet (LON:FJET) carried fewer passengers than expected in its current half year and is planning a fund raising.
Chairman Colin Child said the trading environment is challenging.
E-procurement group Cloudbuy (LON:CBUY) vowed to learn from ‘painful lessons’ in the past year as revenues dipped and losses rose.
And finally, coloured gemstone supplier Gemfields PLC (LON:GEM) is using three high profile actresses and models to boost sales of rubies from its Montepuez mine in Mozambique.
A series of three films will form the backbone of a global marketing campaign that aims to resonate with women said Ian Harebottle, Gemfields’ chief executive.