Thalassa Holdings Ltd. (DI) (THAL)

Sector:

IT Services

26.20p
   
  • Change Today:
      0.20p
  • 52 Week High: 27.25p
  • 52 Week Low: 22.20p
  • Currency: UK Pounds
  • Shares Issued: 7.95m
  • Volume: 10,000
  • Market Cap: £2.08m
  • RiskGrade: 116
  • Beta: 0.23

Thalassa's robotics subsidiary waves ex-navy advisors aboard

By Duncan Ferris

Date: Thursday 16 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Thalassa's Autonomous Robotics arm on Thursday appointed a new defence advisor and defence consultant to provide strategic on potential applications for an autonomous underwater vehicle technology.
Navy veterans, retired Rear Admiral Jon Westbrook and former Commodore Phillip Titterton, will be defence advisor and defence consultant, respectively, providing strategic on potential applications the robotics subsidiary's underwater vehicle technology with an emphasis on the defence sector, while also contributing to growth initiatives.

Duncan Soukup, chairman of Thalassa, said: "We are encouraged by the progress made to date in the development of ARL's AUV and swarm technology. I am confident that these appointments will allow us to accelerate the development of the autonomous nodes."

Westbrook, whose distinguished Royal Navy career culminated as chief of staff allied maritime command Naples, has served as an advisory board member to Autonomous Surface Vehicles, while Titterton served as deputy director combined joint operations of the sea centre of excellence, Norfolk, Virginia.

The AIM-traded company also reported that its subsidiary has hired software engineer Abhinav Bharti and mechanical engineer Ella Richards for the technology's development.

Dave Grant, executive chairman of Autonomous Robotics, said: "We are delighted to have secured the services of Jon Westbrook and Phillip Titterton, both of whom bring a wealth of experience in the defence sector. We are also pleased that Abhinav Bharti and Ella Richards have chosen to join us which we anticipate will accelerate the development of the autonomous underwater vehicle."

Meanwhile, Rafael Albea, who served as Autonomous Robotics's chief executive since December, has resigned from his position to pursue other opportunities with effect from 10 August.

Thalassa's shares were unchanged at 88.50p at 1607 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

THAL Market Data

Currency UK Pounds
Share Price 26.20p
Change Today 0.20p
% Change 0.77 %
52 Week High 27.25p
52 Week Low 22.20p
Volume 10,000
Shares Issued 7.95m
Market Cap £2.08m
Beta 0.23
RiskGrade 116

THAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.02% above the market average54.02% above the market average54.02% above the market average54.02% above the market average54.02% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Price Trend
48.92% above the market average48.92% above the market average48.92% above the market average48.92% above the market average48.92% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
6.69% above the market average6.69% above the market average6.69% above the market average6.69% above the market average6.69% above the market average
15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average

THAL Dividends

No dividends found

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Time Volume / Share Price
09:01 10,000 @ 26.50p

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