T42 IOT Tracking Solutions PLC soared 77% to 27.5p after it signed a five-year distribution deal.
The company, which provides real-time tracking, security and monitoring services for the global container and freight market, said OpenBox Ventures Inc has signed up to use its technology in the USA.
T42 said it expects revenues of around US$21mln in the first three years of the contract and US$29mln over the lifetime of the distribution agreement.
3.30pm: Putting on the writs: UniVision (AIM:UVEL) slumps as it prepares for legal battles with sub-contractor
UniVision (AIM:UVEL) Engineering Limited shares plunged 29% to 0.6p after the company received a winding-up petition from one of its sub-contractors.
The Hong Kong-based surveillance systems specialist said it intends to defend and oppose the petition from T&P Construction, which has alleged outstanding debts owed to it of around £565,2980 in relation to contractual agreements between the two companies.
The company has separately been advised that it has a cross-claim against T&P, inter alia, for breach of contract and non-performance and it intends to claim damages for the same.
2.35pm: Grafton firmer after completing sale of its traditional merchanting business
FTSE 250 company Grafton Group PLC (ISE:GFTU) climbed 2.6% to 1,265p after it said it has completed the sale of its traditional merchanting business in Great Britain.
The divestment was originally announced at the beginning of July of last year.
1.40pm: Chamberlin lands significant contract
Recovery play Chamberlin PLC (AIM:CMH) rose 1.6% to 7.75p after it was awarded an £800,000 contract.
The West-Midlands-based iron castings and engineering group said the order won by its Russel Ductile Castings (RDC) arm was valued at about £800,000 and is set to be completed this year.
Production of the components is expected to begin next month, while the board anticipates RDC’s fourth-quarter performance will benefit from the raised revenues.
12.45pm: Watches of Switzerland unveils new bean counter
Watches of Switzerland Group PLC (LSE:WOSG) ticked 11% higher to 1,578p after Bill Floydd was appointed to the board.
Floydd has joined as chief financial officer.
11.50am: Faron firmer after appointing oncologist as chief medical officer
Faron Pharmaceuticals Ltd announced the appointment of Marie-Louise Fjällskog as its chief medical officer with immediate effect.
The news sent the shares 9.4% higher to 292.5p.
Dr Fjällskog joins the clinical-stage biopharmaceutical company with over 30 years of experience in clinical oncology, translational research and drug development.
10.55am: Biome Technologies lands contract win
Biome Technologies PLC (AIM:BIOM) advanced 9.7% to 340p after it announced a substantial contract win for its Stanelco RF division.
The bioplastics and radio frequency specialist has won a contract worth £535,000 to supply twelve radio frequency heating systems into the food packaging sector in Continental Europe.
The contract underpins the company's expectations for the Stanelco division's revenues in the first half of 2022.
10.00am: Zenith Energy enjoys energy price windfall
Zenith Energy Ltd (ASX:ZEN) headed for the heights, rising 8.6% to 0.95p after an update on its electricity generation activities at the Torrente Cigno concession in Italy.
Zenith said the concession has achieved a new record level of profitability due to the sustained favourable energy pricing climate, or in layman's language, high energy prices.
Electricity prices during the month of December 2021 averaged roughly €264 per megawatt hour (MWh), resulting in net revenues of around €269,000 in the month. The current net production costs remain fixed at around €35,000 per month, Zenith noted.
9.05am: Wizz Air flying high after acquiring 15 daily slots at Gatwick
Wizz Air Holdings PLC (AIM:WIZZ) saw its shares rise 10% to 4,608p after it acquired 15 daily slot pairs from Norwegian Air Shuttle at Gatwick Airport.
Wizz Air will launch new routes from its Gatwick Airport base to 14 new destinations including, Faro, Palma, Larnaca, Catania, Podgorica, Tel Aviv, Chania, Mykonos and Funchal. There will also be new routes from Milan, Rome, Vienna, Bari and Naples to Gatwick Airport, with those flights operated by Wizz Air Hungary. A mixture of year-round and seasonal routes, these new flights will launch from March onwards, the company said.
Meanwhile, the December 2021 load factor looked a lot healthier than the December 2020 one, with the factor rising 19.3 percentage points to 75.4%, despite the seating capacity rising by 195% year-on-year.
Chill Brands Group PLC (LSE:CHLL, OTCQX:CHBRF) jumped 11% to 17.5p after it appointed Michael Sandore as its chief commercial officer.
Chill, the international consumer packaged goods company, claims Sandore “has built a world-class track record in sales management with two iconic consumer brands, Anheuser-Busch InBev (NYSE:BUD) and Juul Labs”.
The appointment is a non-board position.