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Opyl Signs New Service Agreement with Commercial Eyes
Opyl Limited (ASX: OPL) a leader in clinical trial design and biostatistical validation, is pleased to announce the signing of a service agreement with Commercial Eyes Pty Ltd, a ProductLife Group company and prominent Australian pharmaceutical and medical device commercialisation company.
Commercial Eyes is a leading lifesciences consultancy that offers full end-to-end commercialisation services. As part of ProductLife Group, an international leader in the life sciences industry, Commercial Eyes has expanded its global presence, enabling broader market access and expertise across the JAPAC region and beyond.
This collaboration will leverage global insights to enhance Commercial Eyes’ market research and competitive intelligence capabilities.
This agreement signifies a major milestone in Opyl's ongoing commitment to enhancing clinical trial outcomes through AI-driven solutions.
Under the terms of this agreement, Opyl will provide Commercial Eyes with market research, and competitive intelligence analysis to assist in a range of client projects, across the pharmaceutical, medtech and biotechnology sectors.
Key Highlights
- AI-Driven Clinical Trial Information: The service agreement enables Commercial Eyes to utilise Opyl’s TrialKey platform, which provides data-backed recommendations and boasts over 92% accuracy in forecasting clinical trial outcomes.
- Comprehensive Services: The paid partnership covers market research, and competitive intelligence analysis to support Commercial Eyes in offering strategic insights to its clients in the pharmaceutical and medical device sectors.
- International Exposure: Commercial Eyes, as part of the ProductLife Group (PLG), extends Opyl’s reach to international markets, particularly across Europe and the JAPAC region.
- Increased Domestic Exposure: The partnership also increases Opyl’s presence in the domestic market by leveraging Commercial Eyes’ strong reputation and client base within the Australian healthcare sector.
- Strategic Market Positioning: TrialKey’s data analytics empower Commercial Eyes to navigate the complex trial landscape, providing their clients with informed, strategic guidance that enhance commercial positioning and success.
Click here for the full ASX Release
This article includes content from Opyl, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Vector Capital Proposal Determined to be Superior Proposal Matching Rights Process Triggered
Further to its announcements on 30 October 2024 and 12 November 2024, Bigtincan Holdings Limited (Bigtincan) (ASX:BTH) has received a revised proposal from Vector Capital Management, L.P. (Vector) to acquire BTH by way of scheme of arrangement for cash consideration of 22 cents per share, which will be reduced (1) on a per share basis to the extent that BTH’s transaction costs in connection with the IAAC Transaction, the Vector Proposal and the director nominations at the 2024 AGM exceed $4 million, and (2) by 0.7 cents per share if the break fee becomes payable under the IAAC SID (Vector Proposal). BTH shareholders will be informed in due course should any adjustment be triggered.
- Vector Capital has completed its due diligence and has made an investment committee approved revised proposal to acquire all BTH shares for 22 cents per share subject to certain potential adjustments outlined below.
- The Bigtincan Board has determined that the Vector Proposal is a Superior Proposal under the IAAC SID.
- Bigtincan has provided IAAC with notice under the matching rights process in the IAAC SID, and Bigtincan is currently in discussions with IAAC and will provide BTH shareholders with any updates.
- Bigtincan AGM to go ahead on 29 November 2024.
Vector has confirmed it has completed its confirmatory due diligence and has received investment committee approval for the Vector Proposal.
Superior Proposal Determination
The BTH Board has carefully reviewed the terms of the Vector Proposal and has determined it is a Superior Proposal under the terms of the scheme implementation deed (IAAC SID) between Investcorp AI Acquisition Corp. (IAAC), BTH Merger Sub Limited and Bigtincan Limited (together, Investcorp Parties) and BTH because it:
- is reasonably capable of being valued and completed within in a reasonable timeframe in accordance with its terms; and
- would if completed substantially in accordance with its terms, be reasonably likely to result in a transaction more favourable to BTH Shareholders than the transaction contemplated by the IAAC SID (IAAC Transaction) having regard to matters including consideration, conditionality, funding, certainty and timing,
taking into account all aspects of the Vector Proposal and the IAAC Transaction.
IAAC matching right triggered
Under the terms of the IAAC SID, BTH has provided notice to the Investcorp Parties which enlivens the matching period during which IAAC may amend the IAAC Transaction including by increasing the amount of consideration offered under the IAAC Transaction or proposing any other form of transaction (each a Counter Proposal). That matching period is due to expire at 11.59pm (Sydney time) on Monday 2 December 2024.
If IAAC tables a Counter Proposal, the BTH Board must review that Counter Proposal in good faith to determine whether that Counter Proposal would provide an equivalent or superior outcome to BTH and the BTH Shareholders as a whole compared with the Vector Proposal.
BTH will keep Shareholders informed of any Counter Proposal received from IAAC, and the implications under the IAAC SID if:
- a Counter Proposal is received which the Board determines provides an equivalent or superior outcome to BTH and the BTH Shareholders as a whole compared with the Vector Proposal;
- a Counter Proposal is received which the Board determines would not provide such an outcome for BTH and the BTH Shareholders; or
- no Counter Proposal is received at the expiry of the matching period.
Additional background
On 21 October 2024, BTH entered into a Business Combination Agreement (BCA), scheme implementation deed (IAAC SID) and related transaction documents with the Investcorp Parties under which, subject to certain conditions:
- IAAC will merge with and into BTH Merger Sub Limited (which will continue as the surviving company of that merger);
- BTH will be acquired by Bigtincan Limited by way of scheme of arrangement, with all of the shares in BTH being exchanged for ordinary shares in Bigtincan Limited, or, if a cash election facility is established and a valid cash election has been made by the applicable BTH shareholder (which cash election facility is subject to availability of funds and a scale back mechanism), a cash payment1; and
- Bigtincan Limited shares will be listed on the Nasdaq.
Under these arrangements and subject to satisfaction of the various conditions, BTH shareholders will receive 1 Bigtincan Limited share for every 30.97 BTH shares, with the result that BTH Shareholders will own up to ~75% of Bigtincan Limited ordinary shares immediately following implementation.
Click here for the full ASX Release
This article includes content from Bigtincan Holdings Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Streamplay Studio Enters into Agreement to Acquire North American Indie Gaming Leader, Noodlecake Studios
Streamplay Studio Limited (“Streamplay” or the “Company”) (ASX: SP8), is pleased to announce that it has entered into a binding Share Sale Agreement (“SSA”) to acquire 100% of Noodlecake Studios Inc. (“Noodlecake”), a profitable North American indie gaming company headquartered in Canada, from its parent company Zplay (HK) Technology Co. Limited (“Zplay”). The addition of Noodlecake aligns with Streamplay’s strategic direction, including the recent appointment of Silicon Valley tech advisor Paolo Privitera (ASX: 8 October 2024) to the board of directors, strengthening the Company’s North American and global gaming footprint.
HIGHLIGHTS
- Streamplay expands global reach and direct-to-consumer gaming presence across North America with acquisition of Noodlecake.
- Established in 2011, Noodlecake boasts a proven track record with a variety of over 60 in-house and published games achieving over 270 million downloads.
- Noodlecake has over its history generated over ~A$42 million through primary monetisation channels, with additional revenue from other sources.
- Noodlecake averaged annual revenue of ~A$7.3 million and EBITDA of ~A$1.8 million over the 3 years ending 31 December 2023.
- Noodlecake’s lean, high-impact operating model, maximises publishing reach with a focused team and global collaborations.
- Established partnerships with leading Tier 1 brands such as Apple, Google, Xbox, PlayStation, Nintendo, Steam and more.
- Provides Streamplay with immediate product and geographic revenue diversification via Noodlecake’s flexible publishing and monetisation strategies (premium sales, in-app purchases, advertising, and subscription-based models).
- Strengthens global expansion opportunities, including continued collaborations with Zplay in the Chinese gaming market.
About Noodlecake
Founded in Canada in 2011, Noodlecake is an established, reputable and profitable indie game studio and publisher. With a diverse portfolio of over 60 games listed across more than 10 storefronts and available in over 45 countries, Noodlecake has engaged players worldwide with award-winning content, achieving over 270 million downloads to date.
Since incorporation, the studio has generated significant revenue through its multifaceted monetisation strategy, including over A$15 million in in-app purchases, over A$9 million in direct game sales, and over A$18 million in advertising revenue, alongside other significant sources.
These revenues are strategically driven by the studio’s presence on major digital storefronts such as the Apple App Store, Google Play, Steam, and Nintendo Switch. Noodlecake’s adaptability to emerging opportunities is evident in its recent expansions into Xbox and PlayStation, with future releases targeting premium storefronts and subscription platforms.
Noodlecake boasts an impressive track record of publishing award-winning titles that have captivated both players and critics alike. Among its successes, “Yes, Your Grace” recently won Best Indie Game on Google Play for 2024,1 showcasing their ability to support compelling and engaging indie experiences. “Golf Blitz”, an innovative multiplayer spin on the classic golf genre which was developed inhouse, earned critical acclaim and was featured as an Editor’s Choice by Apple in 2019.2 Additionally, “Alto’s Odyssey”, another title published by Noodlecake, received an Apple Design Award in 20183 for its exceptional artistry and gameplay.
Their games employ a range of revenue models tailored to each platform. Premium titles generate revenue through direct purchases, while free-to-play games monetise via in-app purchases and targeted ads.
Additionally, Noodlecake has a history of securing exclusive, curated partnerships with Apple Arcade, Google Play Pass, and Xbox Game Pass which provide consistent revenue through subscription-based engagement.
The studio’s upcoming game, “Winter Burrow”,4 set for release on Xbox Game Pass, Xbox storefront, Switch and Steam, early in 2025, is just one example of how Noodlecake leverages these partnerships to generate stable, upfront revenues.
Click here for the full ASX Release
This article includes content from Streamplay Studio, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Energy Plug Launches Off-Grid EV Charging Station Powered by Renewable Energy and Advanced Battery Technology
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") is proud to unveil its latest innovation, the Off-Grid EV Charging Station, designed to support electric vehicle infrastructure in remote and underserved areas. Energy Plug's advanced battery systems enable portable charging solutions with a reliable and eco-friendly alternative to traditional grid-dependent stations.
The Off-Grid EV Charging Station leverages the company's state-of-the-art Battery Energy Storage System (BESS) and renewable energy technology to create a fully self-contained, modular charging unit. Units can range in size from 20 kWh up to 500 kWh and be equipped with solar panels, wind turbines, or a general grid connection giving the station the ability to operate independently of the electrical grid. This makes it ideal for remote highways, rural communities, and urban areas seeking sustainable solutions, all within the durable and secure structure of Energy Plug's specialized system.
The station includes multiple charging ports compatible with Level 2 and Level 3 fast charging, ensuring seamless compatibility with all major electric vehicle models. Energy is stored and managed within the advanced battery container, which is engineered for optimal safety and efficiency. The container integrates remote monitoring and diagnostics capabilities, enabling real-time tracking of energy production, usage, and system health to ensure seamless operation and minimal downtime.
President and CEO Brodie Gunning expressed his enthusiasm for the project: "The Off-Grid EV Charging Station reflects our commitment to sustainability and innovation. By combining our proven battery container technology with renewable energy and EV charging, we're delivering a transformative solution that meets the growing demand for reliable, eco-conscious infrastructure, especially in areas where traditional grids fall short."
The Off-Grid EV Charging Station is designed for flexibility and scalability. It can be deployed in remote locations with limited infrastructure, such as national parks and rural highways, providing EV drivers with peace of mind. Urban areas can use the station to support sustainability initiatives, while its modular, containerized design makes it suitable for emergency use during power outages or natural disasters.
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company dedicated to innovation and sustainability. With a focus on residential, commercial, and utility energy storage applications, our goal is to advance battery technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek to leverage strategic partnerships with Indigenous communities and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced solutions to our customers and partners. For more information about Energy Plug, visit our website at https://energyplug.com.
Contact Information
Energy Plug Technologies Corp.
Broderick Gunning
President & CEO
brodie@energyplug.com
Investor Relations
Renmark Financial Communications Inc.
1900 - 130 King Street West, Toronto, ON M5X 1E3
John Boidman: jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "will", "proposes", "expects", "estimates", "intends", "anticipates" or "believes", "aim", or variations (including negative and grammatical variations) of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding any objectives and strategies of the Company) are forward-looking information.
The forward-looking information in this news release includes but is not limited to the statements about the benefits, capacity, application, suitability, certification and availability of the Off-Grid EV Charging Station.
The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors, including, but not limited to obtaining financing, ability to build the battery assembly factory on Vancouver Island, ability to secure suppliers of batteries and obtaining batteries at desired prices, supply chain disruptions, changing government plans, policies regarding clean energy, batteries, electric power grid, electric vehicles and other electric transportation devices, elimination or reduction of government subsidies for electric vehicles and other electric transportation devices, solar panels, and wind power installations; changes in the Canadian and/or the U.S Government policies, rules and regulations, and potential war conflicts which may disrupt supply of the components required to produce batteries.
The material assumptions used to develop forward-looking information include, but not limited to general business and economic conditions, financial markets conditions, the Company's ability to fund its operations through financings and joint ventures, procurement of consulting, technical and related services and supplies on favourable terms, attraction and retention of key staff members, market demand for the Company's products, growth prospects in the market for its products, accessibility of raw materials and battery pack supplies to meet market demand, facility profitability, the anticipated terms of the consents, permits, certifications and authorizations necessary to carry out the planned operations and the Company's ability to comply with such terms on a cost-effective basis, and the ongoing relations with the industry regulators.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investment in the securities of the Company is risky.
HighCom Limited Receives A$5.6m SUAS Spare Parts Order from Defence
HighCom Limited (ASX: HCL, ‘HighCom’, ‘Group’) is pleased to announce that it has received a new spare parts order for A$5.6m (including GST) from the Commonwealth of Australia’s Department of Defence, as part of the Small Uncrewed Aerial Systems (SUAS) Support Contract. The order will be completed during H2 FY2025.
- New A$5.6m (including GST) SUAS Spare Parts order received from Defence.
- Spare Parts will support AeroVironment SUAS previously acquired by Defence through HighCom Limited.
- Order will be completed in H2 FY25.
- Order is part of the multi-year Support Contract for AeroVironment SUAS announced by HighCom Limited on 3 October 2023.
This Support Contract has an initial 4-year term for support services with 6 years (2+2+2) of contract extension options. Contracted support services can include a variety of engineering, maintenance, and logistic support services, as well as the supply of spare parts. The order is part of the multi-year Support Contract for AeroVironment SUAS announced by HighCom Limited on 3 October 2023.
Mr Ben Harrison, HighCom Limited Chairman said:
“HighCom has been supporting Defence for over 30 years and is very pleased to receive this spare parts order under the initial 4-year term of the potential 10 year SUAS Support Contract for the mixed fleet of AeroVironment SUAS. HighCom remains committed to representing, delivering, integrating, and sustaining all AeroVironment product lines for the Australian Defence Force. This is backed by our decade of partnering with AeroVironment to introduce into service new and existing technologies to increase ADF capability.”
Click here for the full ASX Release
This article includes content from HighCom Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here
Next-generation Hadrian X® Completes US Site Acceptance Testing
Robotic technology company FBR Limited (ASX: FBR; OTCQB: FBRKF) (‘FBR’ or ‘the Company’) is pleased to announce that it has received confirmation from CRH Ventures that the first next-generation Hadrian X® has successfully met their requirements and has completed Site Acceptance Testing at the Fort Myers facility in Florida, United States.
Highlights
- FBR receives confirmation from CRH Ventures that first next-generation Hadrian X® successfully completes Site Acceptance Testing at Fort Myers facility in Florida
- Confirmation received from an independent structural engineer that the structure is consistent with design requirements and meets applicable building standards
- FBR to receive next tranche of non-refundable payment from CRH Ventures of US$600,000 under Demonstration Program agreement
- Construction of the first house in the Demonstration Program to commence shortly
An independent structural engineer provided confirmation that the walls of the test build were consistent with the design and met applicable building standards.
Completion of Site Acceptance Testing triggered a US$600,000 payment by CRH Ventures to FBR and the commencement of the Demonstration Program. The Demonstration Program requires FBR to construct the external walls of five to ten single-storey houses utilising the next-generation Hadrian X®. The Demonstration Program will commence shortly.
The Demonstration Program will be deemed complete when FBR completes construction of its five houses plus up to five houses added to the program by CRH Ventures, with all houses to be certified by an independent structural engineer. Upon completion of the Demonstration Program, FBR will receive a payment of US$400,000 from CRH Ventures under the Demonstration Program agreement. The completion of the Demonstration Program also marks the commencement of a 45-day period for CRH Ventures to exercise the option to form a joint venture for the delivery of Wall as a Service® in the United States.
This announcement has been authorised for release to the ASX by the FBR Board of Directors.
Click here for the full ASX Release
This article includes content from FBR Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Cypher Metaverse Inc. Announces Financing
Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it is undertaking a non-brokered private placement of up to $1,000,000. The Company will issue up to 11,764,705 units at a price of $0.085 per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for $0.15 for a period of 2 years from the date of closing, subject to the Corporation's option to accelerate the expiry date if the stock trades at $0.20 for 10 trading days.
The Company has completed the first closing of the private placement. The Company accepted subscriptions for 1,357,061 units at a price of $0.085 per unit, for gross proceeds of $115,350. Securities issued pursuant to this tranche are subject to trading restrictions until December 7, 2024.
The Company intends to use the net proceeds of the Offering for general working capital and to finance the acquisition of Agape Luxury Goods Inc., as previously announced.
The Company may pay qualified finders fees of up to 8% in cash and 8% in brokers warrants.
About Cypher Metaverse Inc.
Cypher Metaverse Inc. seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests.
The Company's head office is located at 1780-355 Burrard Street, Vancouver, BC, V6C 2C8. The common shares of CODE ("CODE Common Shares") are currently listed on the CSE and CODE is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.
For further information please contact:
Cypher Metaverse Inc.
Brian Keane - Director
Phone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
Neither the CSE nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
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