LONDON (ShareCast) - Shares in fluid technology solutions developer Pursuit Dynamics have continued to fall in recent weeks, down more than 10% in the past month, and the company has said it does not know why this might be the case. The firm added that its discussions with US household goods leviathan Procter and Gamble are nearing an outcome and it expects to be in a position to update the market by May 24th.

Ilika, an advanced cleantech materials discovery company, has reported substantial growth in joint development and contract research revenues in the financial year ended April 30th. Total revenues, including other grant income, increased to around £2.3m, 21% ahead of the previous year's total revenues (2011: £1.90m). Turnover from operations increased to around £2.0m, 30% ahead of the previous year (2011: £1.54m). Earnings before interest, tax, depreciation and amortisation (EBITDA) improved slightly compared with last year's reported loss of £1.81m and losses before tax for the year improved compared with last year's reported loss of £3.15m, although in both cases the company declined to give figures for the current year. Cash balances totalled £5.3m at April 30th, reflecting a recent share placing which raised £4.6m after expenses.

Blinkx, the video search engine company, posted revenues of $114m in line with market expectations which had been revised down in April from $121.5m (2011: $66m). Profit from operations before exceptional costs came in slightly higher than predicted by the firm in April at $10.4m (2011: $8.2m). Pre-tax profit came in at $1.9m compared to $6.1m the previous year. Basic adjusted earnings per share came in at 3.60c (2011: 3.05c). Costs of revenues leapt from $22.9m to $54m, while operating expenses increased to $50m from $35m.

@UK, a cloud eCommerce marketplace, has been awarded four year national eCommerce framework agreement for all UK public bodies. "@UK is the only organisation that has been named in all three lots of the framework, being Catalogue Solution, Spend Analysis and P2P Transaction Exchange and is therefore the only organisation that can provide a complete solution under the framework," the firm said. "We believe the scale of this framework, and our unique position, means that it could be a significant driver of new business for @UK."

HiWave, a sound and touch technology firm, has launched a touch feedback platform for control panels for everyday household appliances, which enables manufacturers to simplify the production process by replacing button controls with flat control panels that maintain the feel of a mechanical key press, when touched. The technology reduces cost, increases ruggedness and product lifetime, as well as enabling the entire unit to be 'wipe clean'. HiWave will initially target the 300m-unit per annum home appliance market to enable the faithful reproduction of the feel that a traditional mechanical button, switch or keypad produces.

NR

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