Briefs: Green Energy Options raises £0.8m; Brady’s wins new P&L boosting client
Thames Valley Investment Network (TVIN) members have invested £0.25m in Cambridge-based energy-efficiency monitor developers Green Energy Options, as part of an £0.8m funding round. The TVIN investment was matched by £0.25m from the Bank of Scotland Corporate's Growth Capital team under the unique Co-Investment Program arrangement between the Bank and the TVIN Network. TVIN is a business angel network that helps growing companies raise funding and operates in Reading and the Thames Valley. The balance of the new funds came from high net worth individuals.
Green Energy Options has developed monitoring devices that make energy use visible. Chief Executive Patrick Caiger-Smith, said: "Our products can provide real-time meaningful information about energy use, right down to individual rooms and appliances, that clearly demonstrates where and when people are spending most on their energy."
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Amino Technologies, an IPTV platform supplier, said that both its AmiNET125 and AmiNET130 Set-Top Box products have been certified by Minerva Networks: a provider of open-platform carrier class software for the delivery of broadband television services.
The AmiNET125, a standard definition multi-codec STB designed for IPTV and Internet TV applications joins the AmiNET130, which delivers end-to-end digital HD TV, in completing Minerva's lab and field trials. Both boxes are now deemed fully compatible with Minerva's iTVManager 3.x platform, the leading middleware in the North American Tier 3 Telco market.
iTVManager, deployed by over 120 operators worldwide, is a comprehensive software solution for the delivery and management of a broad set of television services, including high-definition TV, digital video recording, video-on-demand, music, games, and communication applications.
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Biopharma Domainex Ltd said it has been granted a European Patent for its Combinatorial Domain Hunting (CDH) Technology.
Domainex is a research company developing a pipeline of pre-clinical drugs and targets, specializing in the development of novel drug targets reached by the CDH technology. It is also providing its unique structural biology and chemistry services to major pharmaceutical and biotechnology firms.
CDH technology enables the cloning and expression of recombinant proteins, or parts of proteins, from challenging molecular targets. These proteins are then screened to select soluble, stable protein domains that are ideal reagents for use in drug discovery programs.
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Brady plc said that a fully integrated US miner, smelter and refiner of copper and other metals has selected Brady to support its commercial, trading and risk management operations.
Brady's Board believes the deal provides further evidence of the success of the recent re-organisation and investment in building its routes to market. The revenue from this new contract is material and anticipated to be recognised in the second half of this year and beyond.
The Group's trading continues in line with the Board's expectations for the full year and the full year revenue outlook has now been under-pinned by the anticipated revenue associated with this contract, the five other significant contracts announced since April 2008, and from other revenues.
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Cambridge Broadband Networks Limited is transferring all production facilities from Sawston near Cambridge to China, according to a report in Business Weekly.co.uk.
The microwave backhaul vendor says that dramatically increasing demand for its VectaStar solutions, driven by accelerating growth in mobile data services, has led to a requirement for additional manufacturing capacity.
