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Oxonica - nanotechnology, fuel additives . . . (OXN)     

soul traders - 16 Aug 2006 15:23

RNS out today, SP up 18%.


Chart.aspx?Provider=EODIntra&Code=OXN&Si





Oxonica plc - Supply Agreement
RNS Number:7127H
Oxonica plc
16 August 2006


16 August 2006

Oxonica plc
Supply Agreement

Oxonica plc ('Oxonica') a leading international nanomaterials group, today
announces that it has reached agreement with Petrol Ofisi A.S., the leading
national oil company in Turkey with sales of US$8.8 billion in 2005, to supply
its Envirox(TM) fuel borne nanocatalyst, for use in diesel fuel across Petrol
Ofisi's nationwide distribution network. This agreement is the first of its kind
for Envirox(TM) and is in line with Oxonica's strategy of signing commercially
significant deals with major partners to access the volume market.

The agreement provides for an initial supply of Envirox(TM) which will be used
by Petrol Ofisi to evaluate market acceptance of the new enhanced fuel within
its national market and is expected to generate sales for Oxonica worth US$12.7
million this year. Following the marketing evaluation, Oxonica expects to be in
a position to indicate likely levels of ongoing demand in Q1 2007.

Envirox(TM) has been shown in field trials to reduce fuel consumption in diesel
engines with savings of 5 to 10% with commensurate reductions in carbon dioxide
(CO2). Envirox(TM) has also been shown to reduce particulate emissions by up to
15%.

In addition, Oxonica will be announcing on Wednesday 16 August the launch of a
collaboration with Petrol Ofisi and Oxford University to develop new catalysts
for the petrochemical industry.

Kevin Matthews, Chief Executive Officer of Oxonica plc, said:

'This deal is another major milestone for Envirox(TM). The initial order
provides a meaningful increase in Oxonica's revenues for the current year and a
successful nationwide product launch by Petrol Ofisi could lead to a significant
boost to Oxonica's sales and cash flow going forward. We are delivering on the
strategy we set out at the time of the IPO last summer and today's announcement
further demonstrates Oxonica's ability to deliver innovative commercial
solutions to major customers in international markets using its expertise in
nanomaterials.'

In addition to this announcement, the Board is pleased to report that trading
for the first half is in line with current expectations. Oxonica intends to
announce interim results for the half year ended 30 June 2006 on 18 September
2006.

For further information, please contact:

Oxonica plc Tel. 01865 856 700
Kevin Matthews, Chief Executive
Richard Clarke, Finance Director

Smithfield Consultants Tel. 020 7360 4900
Sara Musgrave
George Hudson


Notes to Editors

About Oxonica plc - www.oxonica.com

Oxonica (AIM: OXN.L) is one of the leading international nanomaterials groups
with products already launched into international markets and is listed in
London on the AIM market. It was spun-out from Oxford University in 1999 and
currently employs 56 professional staff. Oxonica's mission is to focus on the
development of innovative commercial solutions for international markets using
its expertise in the design and application of nanomaterials. It owns a
portfolio of demand driven products that offer substantial benefits to the
target markets of energy, healthcare, materials and security.

The Group currently has four operating divisions: Oxonica Energy, Oxonica
Healthcare, Oxonica Materials and Oxonica Security. Oxonica has already
launched products into international markets. Lead products include:

* Envirox(TM) Fuel Borne Nanocatalyst - a nanocatalyst improving fuel economy
and reducing emissions

* Optisol(TM) UV Absorber - a revolutionary photostable UV protection system
designed to optimise the performance of quality sunscreens and anti-premature
aging products

Oxonica is also active in searching for the next generation of products and is
already engaged in developing transformational detection technologies which will
enable a new generation of ultrasensitive multiplex diagnostic tools for the
clinical diagnostic life science and security markets. In addition, the company
is developing other UV absorber technologies into polymer systems and coatings,
based on similar technologies to that used in Optisol(TM).




goldfinger - 31 Mar 2007 22:51 - 54 of 74

Cheers guys.

Im rather optomistic but looking for an entry point.

hlyeo98 - 01 Apr 2007 14:05 - 55 of 74

News below is a setback for OXN...need more trials before commiting to this.


Oxonica plc
28 March 2007

Oxonica plc

Initial Results from ENVIROX(TM) Track Trial in Turkey

Oxonica plc ('Oxonica') a leading international nanomaterials group, today
announces that it has received the initial results from the second data point
(30,000 km) of the ENVIROX(TM) track trial being carried out in Turkey on
Turkish, high-sulphur diesel fuel. The track trial is an extensive trial of 16
trucks that are representative of vehicles operating in the Turkish market. The
vehicles are being driven around the service road of the Formula One track in
Istanbul with fuel usage and mileage recorded and fuel efficiency calculated.


The initial data point of 20,000 km showed positive results of a 1-1.5% fuel
saving, which was in the range of management expectations at that stage of the
trial. The initial trial results from the second data point are currently
inconclusive and it has not been possible to identify whether there has been any
improvement in fuel economy. Further work will be required in order to clarify
the trial results and fully evaluate all aspects of the trial design to
determine whether there are any mitigating factors affecting the trial. Oxonica
continues to review the progress of the trial and subsequent results with Petrol
Ofisi and agree on next steps.


Despite the inconclusive second data point from the trial in Turkey, the Board
believes that there is a large body of evidence to support the view that
ENVIROX(TM) works effectively in a wide-range of operating conditions to reduce
fuel consumption and emissions. Extensive fleet trials in low-sulphur diesel
fuel, which is the predominant form of diesel used throughout Europe, Asia and
the USA have shown fuel savings of 5 - 11%.

Moreover, the Group's other activities in the areas of Healthcare, Security and
Materials continue to make good progress including a key technology development
in Healthcare expected to be announced on April 19th at the AACC Oakridge
Conference in St Louis, a key event for the diagnostics industry, and the
continued adoption of Optisol(TM) UV absorber by the market with it now being
used in 27 formulations, with sales in 9 countries.


soul traders - 01 Apr 2007 15:06 - 56 of 74

Pinched from Greystone's TRAD thread, a tip from Shares Mag:

BUY - OXONICA (OXN:AIM) - 134p (STOP LOSS 107p)

Unlike most high-tech investments Oxonica is fairly low risk, as it has established its
technologies and is half-way to commercialising them, but high reward.


PDYOR - I am passing this on only for information's sake and not as a recommendation.

soul traders - 01 Apr 2007 15:10 - 57 of 74

Actually, that tip looks like bad timing, as I guess it must have been published on the same day (28th March) that OXN announced that Envirox was no good for hi-sulphur diesel, cos the SP was at 134 on the 27th and has since dropped to 115 before recovering to 121 on Friday.

hangon - 05 Apr 2007 16:47 - 58 of 74

I'm not sure anyone should be paying over 1 for an AIM share, indeed I dislike anything over 25p and certainly over 50p...unless there is something supporting it like Stanley Gibbons, or any number of FTSE 250 where the turnover and profits are known to be so.

What concerns me is that the recent test was done at all. Surely as you are driving down the Turkish M1 you will notice your fuel consumption isn't making it? So why go to the trouble of trials which are reported in Public? A relativly simple trial can be conducted by the Execs...so one has to conclude they did and the advantage is small...so small no-one spotted it wasn't there.
If a technology is to be accepted, then it must work and be obvious it works. Cars fitted with turbos perform better than ones without - fact and you only have to drive round the block to feel the difference. Later-on some trials will sort out the figures but fundamentally you know it's a Go-er.
If this stock was much lower, I feel a lot better cosseted, ie a greater safety-margin. At these prices IMHO (and I'm often wrong) it is too high and I'd put my money into something with a better risk/reward...since I suspect all the value is in the OXN-price. ...These were nearly 1.50, - that's about a quarter of LLOY which pays out 7% dividend.....

hlyeo98 - 09 Apr 2007 09:59 - 59 of 74

From the Times - April 9, 2007

Double blow for UK nanotech company.
James Doran in New York

The future of one of Britains leading nanotechnology companies is in doubt amid a legal battle over one of its key products and the near-collapse of its biggest contract with a national oil and gas company.

Oxonica, a technology company listed on the Alternative Investment Market (AIM), makes Envirox a product designed to boost the efficiency of diesel fuel. Envirox is used in the fleet of buses operated by Stagecoach, the British national bus company, which also owns two million shares in Oxonica. The nanotechnology company is also one of the stable backed by Richard Farleigh, the Australian businessman and star of BBC2s Dragons Den.

It has emerged that Envirox is at the centre of a legal dispute between Oxonica and Neuftec, a company based in the Dominican Republic that claims to have invented the fuel additive. Oxonica has filed a patents suit in Londons High Court to protect itself against the claims. Neuftec has said that it will fight the suit and believes that the British firm is using its technology unlawfully.

Envirox, while just one of Oxonicas growing stable of nanotechnology products, is its most significant revenue driver.

Kevin Matthews, the chief executive of Oxonica, told The Times that the dispute with Neuftec was minor. Intellectual property disputes like this are commonplace in nanotechnology, he said. But he urged Neuftec to come to the negotiating table.

Ronen Hazarika, the founder of Neuftec, said that any settlement would have to be substantial.

To compound the problems with Neuftec, Oxonica also faces losing its biggest Envirox contract a deal worth more than $12 million (6.1 million) from Petrol Ofisi, the Turkish national oil and gas company. Oxonica signed the Ofisi deal last year, which sent annual revenues soaring from 1.2 million to more than 10 million.

Last week Oxonicas shares fell more than 12 per cent on the AIM as it revealed that tests using Envirox in diesel engines in Turkey were disappointing. Oxonica claimed at the time that further tests had to be run, but Mr Matthews told The Times that the future of the Turkish deal looked bleak.

hangon - 10 May 2007 15:30 - 60 of 74

It doesn#t look good, does it? The Co reaction after some delay is to put many staff on notice - you'd expect them to be saying the trials were scuppered because - - - and set a time for new trials, or an improved additive etc.....
Then there is the Patent issue - it may be opportunistic, OR it could be a serious blow - does anyone (here) have a view?
As I suggested earlier, I think this sp is fully valued and it wouldn't surprise me to see a halving, until some resolution is clear and Future progress well in-place.

Dynamite - 10 May 2007 15:45 - 61 of 74

Hmmm I'm glad I only held OXN for a week...I made 10% profit and soon as it started to drop I bailed out double quick...a good move I think.
Di

hangon - 15 May 2007 15:11 - 62 of 74

Agree Dynamite and well done not to lose the lot! I think these small Aim co's are vastly overpriced - the slightest thing makes them tumble as MM's try to avoid the goey-stuff sticking to them. At 25p I'd be much happier.

hlyeo98 - 15 May 2007 19:59 - 63 of 74

When is it coming out of suspension? I believe OXN was a BUY in Shares mag.

Dynamite - 16 May 2007 08:08 - 64 of 74

It was a buy hylyeo at 134p I believe, it then had bad news come out before Shares was even published and dropped to 110p when I bought it. I glad I got back out equally as quick. The loss of their main deal looks alot more serious than just a trial not being up to scratch.
Di

hangon - 06 Jun 2007 16:40 - 65 of 74

Falls to 57p
-Now back from suspension but with an RNS that tells it like it is! Cash position enough to keep advisors happy and turnover just sufficient to provide meals for Directors. Oh dear!
This is worse (dare I say) than I could have imagined, but I shouldn't be that surprised - the facts appear to be that the fuel-savings are not spectacular, otherwise the likes of Big Retailers would already be using it......ie an overnight success!.
Looks like a fund-raising will follow, with Retail Investors at the end of the queue (well, not at all, I guess). Who will pitch-in at 25p?
This is like a firesale with the fire still raging! Yikes!
When (er, IF), this is over, then may be the time to look again - but at the earlier prices I would have preferred something like BTG (similar money, with wrecks wrung out)....
OXN at 25p? there is a better chance of some uplift - - - but watch that dilution......it may be that "at 25p" you could be paying the equiv. of 50p (ie at today's share-density)....
Yikes! It just gets worse.

hlyeo98 - 06 Jun 2007 16:42 - 66 of 74

Shares mag was totally wrong in advising a buy at 134p a few weeks ago. Now 50p. What a bummer.

hangon - 06 Jun 2007 16:49 - 67 of 74

Agreed, and I never understand why publications wait for a share to rise 100% or even 200% - and THEN tell us to buy - I'm like the country bumpkin: - "I don't want to ..read-about Wicked Orgies the townsfolk are having..."
" I want to BE there!"
All publications get it wrong and maybe Shares were swayed by Richard - of "Dragon's Den" who has an investment in OXN I read somewhere.

hlyeo98 - 06 Jun 2007 16:53 - 68 of 74

That is why we have to do our own research and don't always trust the Shares or Investors Chronicles magazine.

hangon - 20 Jun 2007 12:21 - 69 of 74

MM playing games - as I read it Directors have bought less than 1k-worth of shares at 44p - and the sp rises like it's rocket-propelled....I expect a decline until we read about a Review of Operations, cash position, Contracts/Research still in play, etc. etc.
At todays price the news should already be out...yet I am amazed by the silence.
DYOR

hlyeo98 - 07 Nov 2007 11:55 - 70 of 74

Now OXN is 24.5p...biggest bummer of the year.

G D Potts - 18 Feb 2008 12:50 - 71 of 74

Well they couldnt have released better news today. Suggests the market could be huge for OXN's Envirox, Could be a buy again but I wouldn't risk buying over the next few weeks as I dont know whether the jump today has been over the top or is reflecting the quality of the news, re. new 'major' distribution agreements and continuing sucessful trials across Europe.

G D Potts - 18 Feb 2008 12:55 - 72 of 74

You still in ST? Just re-read the RNS and this could really be worth getting on-board before there next results, they havent talked any figures yet which the half year's will have to show and they could be sizeable. The value of the co. has just doubled in one morning though so best watch any profit taking that could tear down the sp

hangon - 18 Feb 2008 16:39 - 73 of 74

120% rise because it saves 5% fuel - doesn't seem like a sure-fire fuel-saver to me....still anyone that bought recently will be very pleased with this jump.

It will take a few more customers ( and maybe a greater economy-improvement IMHO), to get this back to 1.20 . . . which was always fully priced IMHO
LLOY is only 4 after todays 7% rise and the yield is c.9% - so don't pay too much for this. . . .
Directors buying 50k-worth each would help.
I don't hold.
EDIT Feb08-(2009?). Pse note LLOY is now (52p) IMHO close to Bankrupt (odd term), due to a childish behaviour wanting to be bigger than everyone else, - buy buying HBOS before they realised ( but shareholders did!) that HBOS was a timebomb....by comparison OXN at 21p is quite refreshing!

EDIT (12Mch09)- what a difference a Year makes! - LLOY is now in deep trouble abt. 44p...and OXN about 11p-ish.....I wonder if LLOY is the better multi-bagger? Oh dear.
EDIT(30Sept09) - 3.3p mid - - - oh deary me
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