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ASX Tech: CPT nabs Vocus deal and BrainChip gets 2 more US Patents
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- CPT’s cyber security subsidiary Brace138 nabs Vocus deal
- BrainChip jumps on 2 new US patents, for a total of 7
- Vection the Embedded App launch partner for the 2021 WebexOne event
Cipherpoint (ASX:CPT)
The company’s share price was up 13.8% today after its cyber security subsidiary Brace138 entered a 3-year Master Services Agreement (MSA) with Vocus Pty Ltd.
The first purchase order received under the terms of the MSA requires Brace168 to implement and provide an ongoing managed detection and response services – which will consist of providing 24×7 SOC capability, working with Vocus in building a sophisticated detection capability and integrating with the security team at Vocus to deliver best-in-class incident response service.
The total contract value over three years under the initial purchase order is $772,000.
Brainchip (ASX:BRN)
The AI smart chip company was up 1.1% today after announcing the granting of 2 new US patents – one for its ‘neural processor based accelerator system and method’ and one for its ‘intelligent autonomous feature extraction system using two hardware spiking neural networks with spike timing dependent plasticity.’
“These new patents, incremental to the patent that was granted last week, and the four patents previously granted to BrainChip, represent a significant milestone in protecting our IP and ‘future proofing’ the development of forthcoming generations of Akida neuromorphic AI products,” CEO and founder Peter van der Made said.
Nitro Software (ASX:NTO)
The document productivity software player was up 1% after releasing its Q3 2021 report today, detailing a 50% increase in annual recurring revenue compared to 2020.
“The response from existing and new customers has been terrific, and as our customers have adapted to the new work-from-anywhere environment, they have clearly embraced the flexibility offered by our trusted set of productivity tools,” Nitro co-founder and CEO Sam Chandler said.
“This is reflected in the acquisition of new customers, the expansion within our existing customer base, and the resulting growth of subscription revenues as a percentage of our overall business.”
The company has increased its revenue guidance to between US$49 million and US$51 million (previously US$47 million and US$50 million).
Vection Technologies (ASX:VR1)
The real-time software company was unchanged today after announcing its participation as an inaugural Embedded App launch partner at the 2021 WebexOne event.
Vection will be featured as a Coming Soon App partner and will become an embedded app available directly within Webex.
The integrated FrameS solution is a 3D collaborative app enabling hybrid workforces and unique 3D workflows directly within the Webex experience, so that users can get more done before, during and after a meeting.
“Bringing real 3D experiences via Vection’s FrameS, directly within Webex as an Embedded App, unlocks next-generation collaboration for the hybrid work environment,” Vection managing director Gianmarco Biagi said.
”We are excited to have been selected by Webex as an inaugural Embedded App launch partner.”
The launch of the 3D joint solution is expected for the second half of the 2022 fiscal year.
Silex Systems (ASX:SLX)
The semiconductor company dipped 1.4% today even after successfully completing a $7 million share purchase plan.
“We are now well funded to vigorously pursue our SILEX uranium and silicon technology commercialisation programs over the next few years, and to seize any opportunities to accelerate our plans,” Silex CEO and managing director Dr Michael Goldsworthy said.
“We are excited with the bullish outlook for the uranium industry and the momentum building in the silicon quantum computing sector.
“We look forward to providing ongoing updates as we progress in these and other applications of the SILEX technology.”
Electro Optic Systems (ASX:EOS)
Down 5% today was Electro Optic Systems after releasing an update on significant cash receipts, Spacelink funding and the lowering financial guidance.
The company received $65 million of cash receipts relating to a major export contract, resulting in total cash at bank in excess of $100 million – including a $35 million working capital facility established during the quarter.
EOS says recent impacts from COVID-19 and new outlays require it to revise downwards the the previous financial guidance by $14 million at the Underlying EBIT level before SpaceLink costs.
This is mainly due to the deferral of revenue from two leading defence contracts into 2022.
Plus, SpaceLink has contracted OHB to manufacture the first constellation of four satellites and the initial tranche of project funding is now underway via a SpaceLink pre-IPO convertible note.
