Aquis Stock Exchange Weekly Highlights 29/01/24

Kondor AI PLC announced the launch of its Kondor 2.0 imaging platform and the launch of its premium Kondor Plus feature set. The company says Kondor 2.0 is a mass-market product that will enable the general public to use AI Vision at scale for everyday tasks such as fashion, food, travel and shopping. The product is powered by Natural Language Processing ("NLP") text generators including GPT-4, which will allow user engagement with the chatbot to become increasingly personalised as the AI learns from previous interactions. Jonathan Bixby, Co-Founder and Executive Chairman at Kondor AI, said: "Kondor is a revolutionary vision AI product that enables anyone to use AI vision in a user friendly and entertaining way. Getting the Version 2.0 product to market along with our first version of monetization is a significant milestone for the Company. We are excited to see start directly marketing to consumers in the near future." Read more…

Quantum Exponential Group plc announced its unaudited interim results for the six months ending 31 October 2023.
Highlights
• Investment in Delta g Limited, a company focused on gravity sensing hardware and technology.
• Award of a UK Government DSIT contract
• Opened European headquarters in Copenhagen.
• Strengthened industry ties across the UK and Europe by becoming a member of several quantum technology programmes giving us first mover advantage in finding viable start-ups.
Ian Pearson, Chairman, said: "I am delighted to confirm that we have achieved our intention of creating an initial portfolio of companies that we set out in Quantum Exponential's Admission Document at the time of its admission to trading on the AQSE Growth Market. The Board believes the quality of investments made to date is extremely high, in companies with world leading quantum technologies and genuinely exponential growth potential. Through the hard work of a highly talented and committed executive team, the Company is now positioned to exploit this progress and move to the next stage of its development.” Read More…

Hydrogen Future Industries plc announced its financial results for the 12 months ended 31 July 2023.
Highlights
• Acquisition in October 2022 of a suite of international patents.
• Prototype testing of 1 metre diameter wind turbine began in November 2022 in Montana, USA and continues to date.
• Announced in January 2023 an investment in, and collaboration with, Tower Green Holdings Limited.
• Announced in May 2023 that concept testing of an electrolyser for the hydrogen production system had commenced in California, USA, led by quantum-physicist, Dr Nicholas Blake
• Announced after the period-end in September 2023 exceptional efficiency of up to 97%
• Announced in May 2023 the establishment of a facility in Birmingham, UK, where work is ongoing to incorporate the variable hydraulic drive and/or electro-magnetic clutch and lower the cost of energy production of the system.
Read more…

Capital for Colleagues plc announced its audited results for the year ended 31 August 2023. In the Chief Executive report, Alistair Currie commented that “C4C has made further solid progress during the year against a continuing difficult economic background. The valuations of several of our investments have again increased meaningfully during the year under review on the back of robust financial progress.
We remain convinced that the culture engendered by employee ownership and high levels of employee engagement has been a major factor behind the robust performance of our investment portfolio during these difficult times”.
Highlights of the year to 31 August 2023 included:
• an increase in Net Asset Value per share (NAV) of 10.1% to 81.99p (2022: 74.49p);
• dividend payment of 1.75p per share in March 2023;
• net revaluation gains in its portfolio of £1.802m (2022: £1.537m); and
• an increase in Revenue from operations of 80% compared with the previous year.
Read more…