3 Companies Rising on Good News for Tuesday 18th April 2023
Episode 1336, Apr 18, 2023, 08:34 AM
3 Companies Rising on Good News for Tuesday 18th April 2023
1. Velocity Composites #VEL - Major milestone achieved at new Alabama facility
Velocity Composites plc announce the successful manufacture of the first composite production kits from its new advanced manufacturing facility in Alabama, US.
The manufacture of the first production kits is a major milestone at the site which was built to support the five-year Work Package Agreement that was announced in December 2022 with GKN Aerospace in the United States. The agreement is expected to be worth in excess of US$100 million in revenue over five years, with the Customer confirming strong end user demand for its parts into 2024.
2. CAP-XX Limited #CPX - CAP-XX Achieves PSW from Continental Automotive
CAP-XX Limited announces that Continental Automotive GmbH, a global Tier 1 automotive supplier, has granted the PSW (Part Submission Warrant) to CAP-XX, following the Company's successful completion of Continental's PPAP (Production Part Approval Process).
The two companies previously signed a Sourcing Agreement for CAP-XX to supply its DMT220 prismatic supercapacitors in the volumes needed from 2024 through 2030 for a key Continental automotive program. CAP-XX has now completed the stringent quality audit for this agreement.
3. N4 Pharma #N4P PLC - siRNA update
Nigel Theobald, Chief Executive Officer of the Company, commented:
"We are very pleased with the EGFR results which show excellent knockdown of the siRNA along with a very clear dose response curve and believe this shows how well suited Nuvec® is for working with siRNA."
1. Velocity Composites #VEL - Major milestone achieved at new Alabama facility
Velocity Composites plc announce the successful manufacture of the first composite production kits from its new advanced manufacturing facility in Alabama, US.
The manufacture of the first production kits is a major milestone at the site which was built to support the five-year Work Package Agreement that was announced in December 2022 with GKN Aerospace in the United States. The agreement is expected to be worth in excess of US$100 million in revenue over five years, with the Customer confirming strong end user demand for its parts into 2024.
2. CAP-XX Limited #CPX - CAP-XX Achieves PSW from Continental Automotive
CAP-XX Limited announces that Continental Automotive GmbH, a global Tier 1 automotive supplier, has granted the PSW (Part Submission Warrant) to CAP-XX, following the Company's successful completion of Continental's PPAP (Production Part Approval Process).
The two companies previously signed a Sourcing Agreement for CAP-XX to supply its DMT220 prismatic supercapacitors in the volumes needed from 2024 through 2030 for a key Continental automotive program. CAP-XX has now completed the stringent quality audit for this agreement.
3. N4 Pharma #N4P PLC - siRNA update
Nigel Theobald, Chief Executive Officer of the Company, commented:
"We are very pleased with the EGFR results which show excellent knockdown of the siRNA along with a very clear dose response curve and believe this shows how well suited Nuvec® is for working with siRNA."