Seeing Machines Ltd (LON: SEE), a specialist in eye-tracking technology, reported a 161% increase in revenues in the year ended June as it benefited from its licensing agreement with diggers and dump truck giant Caterpillar (NYSE:CAT).
The AIM-listed group has developed an in-cab system that monitors the alertness of drivers of these giant mining vehicles and agreed a deal that allows the American manufacturer to offer the Driver Safety System (DSS) as an option to buyers.
In other news, advanced materials group Versarien Plc (LON:VRS) has acquired specialist plastics manufacturing firm AAC Cryoma Limited as it continues to scale-up its graphene production operations.
Cheltenham-based Versarien said it will use AAC Cryoma’s plant and equipment to produce graphene-enhanced products, making it the “the first dedicated graphene-enhanced manufactory in the world”.
Over at Shanta Gold Limited (LON:SHG) it has hit high grade intersections at its Singida project in Tanzania.
The latest round of drilling returned 1 metre at 12.45 grams per tonne gold, 12 metres at 9.24 grams, and 3 metres at 9.94 grams among a series of other good-looking intercepts.
Meanwhile, Vast Resources PLC (LON:VAST) has started full-scale commercial zinc production at its Manaila polymetallic mine in Romania.
Adding zinc concentrate would directly enhance profitability through an increase in revenue and a reduction in costs per tonne, said Roy Pitchford, Vast’s chief executive.
Orders for cyber-security specialist’s Corero Network Security PLC’s (LON:CNS) SmartWall Threat Defense System (TDS) continue to roll in.
Less than a fortnight after announcing an order from a “top 10” US cable operator, the Aim-listed firm unveiled three orders for the system from leading European companies in the online gaming and gambling market.
Elsewhere, Premier Oil PLC (LON:PMO) has rolled over a pending test of its debt covenants as it continues renegotiations with its lenders.
The company, which has around US$2.6bn of debt (at June 30), said he test of its financial covenants that was due for the 12 months ended September 30 has now been deferred and replaced with a test for the year to October 31.
And finally, Fastjet PLC (LON:FJET) has sold its solely owned Airbus A319 for US$8mln to help shore up its finances while it undertakes a root and branch restructuring.
The buyer, Avtrade Limited, will pay US$8mln cash with a 10% deposit payable on signature of the agreement and the balance on delivery.