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Video tech stock Linius (ASX:LNU) has scored a deal with Cricket Australia to use its Archive Search & Edit platform to create new content experiences from its archive.
Cricket Australia has an extensive, high value video archive including all new and historical Australian cricket, including Australian Test, ODI, T20, Sheffield Shield and Big Bash competitions for men’s and women’s teams dating from 1980 to the present day.
In total there are over 20,000 hours of content and with this deal, Cricket Australia can easily search its archive for relevant content, quickly edit and publish it.
“Only the Linius LVS platform can support the creation of personalized video content from such a huge archive at this scale,” Linius CEO James Brennan said.
“By virtualizing their match footage archive through LVS, Cricket Australia will have the freedom and flexibility to publish more new content than ever and to rapidly create new engagement experiences for fans.”
Cricket Australia will be the fourth major sporting league in Australia to utilise Linius solutions, joining the A-Leagues, the National Basketball League (NBL) and Racing.com.
Nitro has entered into a binding agreement with Cascade Parent Limited, trading as Alludo, to acquire 100% of Nitro at $2.00 cash per share.
North American-headquartered Alludo is a provider of virtualisation, productivity and professional-calibre graphic solutions for digital remote workforces.
The announcement comes after the company knocked back a bid by Potentia Capital Management last month in favour of exploring the Alludo offer.
And now its all systems go with the Nitro board determining the Alludo offer to be superior to Potentia’s offer of $1.80 per share –unanimously recommending that shareholders vote in favour.
Fair enough really, since the Alludo offer represents a premium of 77% to the undisturbed Nitro share price of $1.13 per share.
“Nitro has developed a complementary product offering to Alludo’s portfolio and we believe Alludo is the natural home for Nitro,” Alludo CEO Christa Quarles said
“We look forward to working with Nitro’s board of directors and management team to ensure their shareholders are able to realise the significant and immediate value of the proposed transaction and to accelerate the next stage of Nitro’s growth.”
ENVIRONMENTAL CLEAN TECHNOLOGIES (ASX:ECT)
The company’s Bacchus Marsh site in Victoria has been selected by Panasonic – a leader in the development of fuel cells – for a trial of their hydrogen fuel cell for clean hydrogen use in support of the global rollout of their new generation Hydrogen Fuel Cells.
Panasonic has developed the modular plug-and-play 5kW hydrogen fuel cell, which will enter mass production in late 2022.
Panasonic Australia is partnering with Optimal to advance the standalone fuel cell in Australia, and ECT has been selected to participate in field trials of the technology and will provide Clean Hydrogen produced from COLDry to Panasonic as part of a three-year trial, which will commence in December 2022.
The company says a successful trial will see it install larger numbers of fuel cells to manage the load and despatch of on-site hydrogen production, producing clean electricity for site use and supply to the grid.
“Hydrogen Fuel Cells add flexibility to the despatching of produced hydrogen on-site, reducing our need to seek solutions for storage whilst still allowing continuous production,” MD Glenn Fozard said.
“This is an opportunity for ECT to become a player in the next generation of hydrogen fuel cell technology and demonstrate the transition to a carbon-free world using hydrogen.”
In more takeover news, the SaaS tech provider to sports, leisure and hospitality sectors has recommended a 29.5c per share takeover offer from Pemba Capital Partners valuing the company at $119m.
That’s a tidy premium of 80.7% to the one-month volume weighted average price of MSL shares up to and including 14 November 2022 – so no surprise the board unanimously recommend shareholders vote in favour.
Subject to shareholder approval being obtained, the Scheme is expected to be implemented in mid-February 2023.
The company got a speeding ticket after recently announcing it was close to intellectual property protection with the international Patent Cooperation Treaty (PCT) patent application relating to the photocatalytic solar reactor filed by the University of Adelaide and Flinders University has now been published, which is a key step towards the granting of patents in national jurisdictions.
The company said it was an important milestone given its exclusive, royalty-free licence to use the technology and determines that the announcement was ‘material’.
However, the company did note ASX guidance that when a patent application has been filed it is seldom material. It is generally only after grant that a patent right becomes a material asset. SPN says it will refrain from making standalone continuous disclosure updates concerning the patent application process moving forward.
Sparc is planning to build a pilot plant with its partners – Fortescue Future Industries (FFI) and the University of Adelaide – after the Preliminary Techno-Economic Analysis found that the patent pending photocatalytic water splitting technology could produce green hydrogen at low cost.
At Stockhead we tell it like it is. While Sparc Technologies is a Stockhead advertiser, it did not sponsor this article.
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