Tech Top 5: Motio jumps almost 15% as NSW exits lockdown and gyms and leisure centres reopen
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Here are the biggest tech players in early trade, Friday October 15.
Media tech platform Motio was up 14.3% after CEO Adam Cadwallader and COO Michael Johnstone released a statement detailing the company’s business activities as it emerges from the NSW lockdown.
“The National advertising market has been slower than the April-June quarter but as of today and with the lockdowns beginning to be lifted, Motio Media’s forward revenue is up 101% compared to the same time last year,” they said.
The company’s Motio Play advertising and engagement product for recreation centres is expected to rebound, while the revenue for the represented software-as-a-service platform (Spawtz) will be down by 10% or less as centres return to normal audience levels in NSW with Victoria anticipated to open by early to mid-December.
“Many of the operational changes have benefited our Play payments stream with several new customers signing up to our platform,” the company said.
“As always, we are excited about this growing part of our business and the engagement that the Sports and Leisure business communities are having with Motio.
“We remain on track to deliver our forecasted net revenue of $100,000-120,000+ this financial year.”
Wastewater tech player Fluence was up 2.6% today after securing a US$8.5 million contract from the Cambodian Government’s Ministry of Land Management, Urban Planning and Construction, to build a third SUBRE plant using MABR technology in Sihanoukville, Cambodia.
The company’s self-respiring membrane aerated biofilm reactor (MABR) technology provides a highly efficient nutrient removal to improve effluent quality with a minimal footprint.
The SUBRE plant will consist of 90 three-tier MABR stacks, each consisting of three MABR spirals in a tower configuration, treating wastewater for a population of 160,000.
“Fluence’s MABR is ideally suited to meet the Cambodian government’s push for higher treatment standards,” Fluence chairman and CEO Richard Irving said.
“This contract is testament to MABR’s scalable performance, favourable cost and just in time deployment.”
Delta Drone’s share price was unchanged today despite announcing a deal to perform a virtual 3D model baseline survey for GoviEx Uranium (TSX:GXU) at its new Madaouela mine in Niger.
Over a two-week period, Delta Drone International’s specialist mining pilots will deploy state-of-the-art surveying drones, with the data captured to be used by GoviEx as the base to build a virtual 3D model of the new site and consult with key international stakeholders, virtually.
“This project with GoviEx Uranium is an example of the many ways drones are being used to more efficiently share the data needed to guide decision making among business leaders,” Delta Drone CEO Christopher Clark said.
“Working with the GoviEx Uranium team right from the planning phase of their new mine ensures we can seamlessly collate multiple data sets of areas where low-quality, outdated or even no data is available, export it into easy-to-utilise formats and virtually share with their international stakeholders – removing the need for onsite attendance.
“This type of data capture is likely to be increasingly used in remote sites to support much more efficient and timely stakeholder engagement and decision making around key milestones in projects.”
Metal additive manufacturer Titomic was also unchanged even after announcing it completed a $9 million placement at $0.26 per share to accelerate commercialisation and JV activities.
The company plans to integrate its Titomic Kinetic Fusion (TKF) technology through seamlessly integrating its patented cold spray additive manufacturing (CSAM) technology systems into partner supply chains.
“The need for Titomic’s technology is growing as the manufacturing industry undergoes major structural shifts with companies reducing product development timelines and re-examining production methods,” Chairman Andreas Schwer said.
“3D printing is likely to either completely replace traditional specialised component manufacturing or become an additional production technology for aerospace and defence components needed in faster design and production schedules and with faster manufacturing and replacement times.
“Titomic is ideally placed to meet that need.”
The company will also offer a share purchase plan where eligible shareholders can apply for up to $30,000 in ordinary fully paid shares at the same price as the placement – for a total cap raise of around $11 million.
Digital Wine Ventures was down 4.5% despite announcing its plans to acquire Kaddy Australia – a B2B beverage marketplace enabling discovery, ordering and payments – for $6.75 million cash and around 484.9 million DW8 shares.
DW8 CEO Dean Taylor said the combination of a world class B2B marketplace with a tech-enabled national logistics platform will create an unrivalled value proposition that’s relevant to every liquor licence holder in the country.
“Kaddy strongly complements our technology ecosystem and fast-tracks our ability to develop a stronghold in Australia’ $17 billion wholesale liquor market,” he said.
Taylor also said the technology deployed by each company can be “easily and quickly integrated to create an unrivalled offering that unlocks synergies that benefit suppliers, retailers and distributors alike.
The company has kicked off a $14.75 million cap raise to fund the acquisition and provide expansion capital for Kaddy.
Commitments for $12.75 million via a share placement have been received, with the balance to be funded by SPP giving all DW8 eligible shareholders the ability to participate on the same terms.