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Proactive snapshot: NetScientific, ITM Power, Summit Therapeutics

A look at some of the top stories from the Proactive newswire on Thursday

ITM Power PLC -

German industrial gases and engineering giant Linde is to take a 20% stake in British energy storage company ITM Power PLC (LON:ITM).

Shares in NetScientific PLC (LON: NSCI) doubled in value after it emerged that a drug developed by one of its portfolio companies will take a key role in a phase II clinical study planned by industry giant Merck.

Software group KRM22 PLC (LON:KRM) has landed its first “significant” customer for a real-time enterprise risk management product launched earlier this year.

Shares in Summit Therapeutics PLC (LON:SUMM, NASDAQ:SMMT) rose after the company said its next-generation antibiotic “significantly improved” the short- and long-term quality of life of people with c.difficile infection when compared with the current standard of care.

Tower Resources PLC (LON:TRP) has revealed it is advancing its partnering efforts, sharing key technical and commercial information with ‘a major international oil company’.

Galileo Resources PLC (LON:GLR) said negotiations over a zinc ore offtake agreement with Jubilee Metal Group PLC (LON:JLP) are progressing “satisfactorily”.

Waste-to-energy specialist EQTEC PLC (LON:EQT) has completed its first maintenance contract with Transports Metropolitans de Barcelona (TMB), the public transport operator in Barcelona, Spain.

Tissue Regenix Group PLC (LON:TRX) has unveiled a product extension based on DermaPure, the company’s technology for skin repair, or reinforcement.

BigDish PLC (LON:DISH) has reached an agreement to integrate its software into a point of sale (POS) system as it looks to roll out its platform more effectively.

One of TomCo Energy plc’s (LON:TOM) technology partners is confident that an optimal design for the company’s innovative oil recovery method is now nearer, amid new modelling following a recent field test.

IronRidges Resources PLC (LON:IRR) has identified more potential targets at its Dorothe gold prospects in Chad from a wide-ranging electrical resistivity programme.

Diagnostics specialist Genedrive PLC (LON:GDR) said it expects to make expects “good progress” based on a solid order pipeline.

Power Metal Resources PLC (LON:POW) welcomed a £100,000 fundraise from Katoro Gold to advance the Haneti nickel project in Tanzania, in which it holds a 25% direct interest.

MTI Wireless Edge Ltd (LON:MWE) has won orders worth just over US$1mln for the supply of military antennas to an existing Israeli customer.       

Applied Graphene Materials PLC (LON:AGM) has incorporated its technology into material used for space exploration.

Amphion Innovations PLC (LON:AMP), the developer of medical, life science, and technology businesses, has trimmed its stake in Polarean Imaging PLC (LON:POLX). Amphion, which will use the proceeds to pay down debt, indicated it was a reluctant seller of the shares and said it remains excited by the future prospects of the medical imaging technology company.

Ades International Holding PLC (LSE:ADES) chief executive Mohamed Farouk Abdelkhalek bought US$61,335‬ worth of the company's shares.

Supermarket Income Reit PLC (LON:SUPR) confirmed that it raised £100mln in fundraising that was oversubscribed at the price of 102p per share.

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