Proactive news snapshot: VR Education, ITM Power, SDX Energy, Telit Communications …

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VR Education Holdings PLC‘s (LON:VRE) virtual reality (VR) education and training platform, ENGAGE, has been selected by Facebook Inc (NASDAQ:FB) for inclusion in a software vendor programme for its Oculus VR device. The Oculus independent software vendors (ISV) programme is designed to accelerate the adoption of VR technology among consumers by encouraging enterprise developers and software firms to build applications using Oculus products.


ITM Power PLC (LON:ITM) has opened its eighth hydrogen refuelling station – at the Shell services, Gatwick Airport. It is the second of two facilities developed as part of the European H2ME2 project. This is a fuel access initiative funded by the European Fuel Cell and Hydrogen Joint Undertaking and the Office of Low Emission Vehicles.


SDX Energy PLC (LON:SDX) has begun a 12 well drilling campaign on its 75% owned Gharb Basin acreage in Morocco. The programme will target a mean 15 billion cubic feet of gas, with the first seven wells to be appraisal holes close to existing infrastructure. These will be followed by two step-out exploration wells further to the north in Gharb Centre and outside the reach of existing facilities.


Telit Communications PLC (LON:TCM) said its new industrial-grade FN980m 5G data card has sailed through a series of live 5G tests. The company, which styles itself as an enabler of the Internet of Things (IoT), said the tests were conducted on a live 5G network – 5G is the fifth generation of mobile networks – in Korea at sub-6 GHz (gigahertz) frequencies. A second set of successful tests was conducted in millimetre wave spectrum using test equipment.


Seeing Machines Limited (LON:SEE) has won a contract to install its AI-powered driver monitoring system to a fleet owned by one of Canada’s largest haulage companies. Bison Transport, which employs 2,500, is having Seeing Machines’ Guardian technology fitted to the cabs of 120 truck. “Having Bison Transport as a customer affirms our view that fleets who have a culture of safety truly value Guardian as a way to improve that culture and keep their drivers safe,” said Seeing Machines senior vice president, Dr Mike Lenne.


Patrick Soon-Shiong, the billionaire doctor-turned-investor, has upped his stake in graphene-based products maker Directa Plus PLC (LON:DCTA) to 28.89%. Soon-Shiong first went bargain-hunting on London’s alternative investment market in February, when he purchased 18.85% of Directa’s shares. Subsequently, his interest rose to 22.15% before he went shopping again on Friday to take his stake in the materials company to just below the level where he will have to make a mandatory offer.


Grit Real Estate Income Group Ltd (LON:GR1T) said it has inked commercially binding and conditional deals to buy “superior quality assets” as part of its acquisition strategy. In a statement, the Africa-focused property trust added that it will invest a total of US$103.5mln, and is expecting net property yields of between 8% and 12%.


Vast Resources PLC (LON:VAST), the AIM-listed mining company announced that following the issue of 34,000,000 warrants to an institutional investor on 8 August 2019 the investor has elected to exercise the whole of the warrants issued. The warrants comprised the right to subscribe for 17,000,000 ordinary shares in the company at an exercise price of 0.13p per share and 17,000,000 ordinary shares in the company at an exercise price of 0.15p per share, and the company yesterday received GBP47,600 as a result of the exercise.


Oncimmune Holdings PLC (LON:ONC), a leading global immunodiagnostics group, said it will be announcing its full year results for the year ended 31 May 2019 on Thursday 31 October 2019. It said Adam Hill, Oncimmune chief executive officer, together with Matthew Hall, chief financial officer, will host a presentation and conference call for analysts at 10:00am GMT on the day of the results at the office of FTI Consulting, 200 Aldersgate, Aldersgate Street, London EC1A 4HD.

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