Have just bought out minority stake in subsiduary C2 telecom. Have appointed Arm Corporate Finance as sponsers. SP up 62% lastweek. Some corporate action in near future as company is profitable and is a nice clean shell. Anyone else a have a holding in this share?

packman7: As a bottom fisher for recovery stocks, I appreciated your posting on UTN. Chart (and spread unfortunately) bit similar to CLY, also on my watch list, but UTN is on main list which might be a useful high flyer to join - or replace - SEO in an ISA. Am not impressed by their web site though; there is no company overview and is difficult to navigate around, but will keep watching and probably have a nibble.
sd.

Final results have been released,with profits up 69% on year, and share price
jumping 47% today.Moving from main market to Aim,and looking at further
acquisitions in related areas.

Anyone wishing to discuss UTN should get themselves over to the ADVFN thread where more discussions take place.

Time for a comeback for this tiddler......
New business is coming in!!!!!!

up 28% today might be one to watch, any thoughts ?

good figures here today, could it be coming good at last?

Lots happening recently.

ebikes website updated
Solar Products on Twitter - alot of Saudi Arabia material including new products
Facebook - Updated this week too
Silicon - brilliant website now
Cognito - Website updated with reference to new sales for the 2014 period by a host of companies. The software generates significant cash and profits for the group.

Saudi Pilot Project exceeded expectations. At the time it was said if it met expectations then would expect repeat business. Talking to telecoms in Saudi Arabia and mining companies in South Africa.

5 year agreement in South Africa for bigger product.

Reforms in Mexico - near 12 month talks could result in substantial contract for remote power in schools

This is a 10 bagger and even 10p may look cheap some day. Aim of significant revenues through green. Chairman holds 40% from 1p and 1.40p - poured millions in and so much ammunition of newsflow on the horizon. Once on the radar could see Silicon CPV being reversed into UTN - Same people running the show.

Akhter has big ambition, his vision is to creat a significant Global Green Energy Solution Company.

His dream clearly shown here:
hTtp://www.siliconcpv.com

More new clients for Cognito:

hTtp://www.cognitosoftware.com/legal,software,case,management,practice,management,26051,23463,26050,13790.html

Seems sales and profits on Cognito will be up sharply in the Interims due.

"Cognito continues to show strength and breadth of solution with new sales for the 2014 period being required by a host of companies".

Generated significant cash for the group previously (near 400K profit).

If that was sold and sole focus on green then imo could easily get 1 pence on the share price as a minimum just for that division. Yet we still trading on such an undervalued basis.

Solar water pump installed in Qassim City (Saudi Aradia) by Silicon CPV partner GTek.com.sa

Check it out on Twitter at https://twitter.com/GTEKSA/media

More signs of product capability advertising that was later showcased at the Saudi 2014 Energy exibition

Silicon CPV on youtube as well.

http://www.youtube.com/results?search_query=silicon+cpv

- Advertised on twitter, facebook and youtube mediums.

Solar poised for growth in Mexico and Central America - BNEF

Solar in Mexico and Central America is poised for growth in 2015 and 2016 after what looks to be a quiet year this year, according to a new Bloomberg New Energy Finance report.

BNEF’s analysis of the region predicts a “modest” 193MW this year, but a stronger 355MW in 215 and 456MW in 2016.

Overall, Mexico is forecast to see 100MW of new solar capacity this year, but thereafter other Central American countries are expected to account for the lion’s share of PV growth in the region as they seek to reduce dependence on expensive oil and diesel generation.

“These countries have unusually good wind, solar, geothermal, and hydro-electric power resources. Using these to meet much of the additional electricity demand in coming years, and replacing that costly oil and diesel power, makes sense,” said Yayoi Sekine, Latin America analyst at Bloomberg New Energy Finance. “It is becoming a key plank in the region’s energy policies.”

BNEF predicts that between 2014 and 2016 up to 477MW of new solar capacity installed across Central America, singling out Guatelama, Honduras, El Salvador and Panama as potentially promising markets.

In Mexico, despite good conditions for solar to take root and a healthy 2014 in store, BNEF said utility-scale PV development would “stall” after this year as new market rules are clarified. These are not expected to be fully implemented until 2016, until when BNEF said distributed PV would dominate in Mexico.

In other Central American countries, BNEF said governments were making positive efforts to increase private sector renewable energy generation, with tenders on offer in El Salvador, Panama and Guatemala, and Honduras and Costa Rica both offering feed-in tariffs.

However, the finance picture for solar and renewables in Mexico and Central America continues to be a mixed one. Although Mexico overall looks set to have a record-breaking year for clean energy finance, the US$61 million invested in solar in the first half of 2014 is a long way off the US$216 million invested last year.

Meanwhile, with US$21 million invested in PV so far this year, Central America more broadly is also some way from matching the total last year, when US$58 million went into solar.

Michel Di Capua, head of Americas analysis for Bloomberg New Energy Finance, said: “Renewables are not having everything their own way in these countries. Mexico continues to see strong investment in gas-fired generation, taking advantage of both its domestic resources and its proximity to US shale plays. Hydro-electric has run into some difficulties in Costa Rica and Panama, because of drought.

“And across the Central American region, financing for renewables does not come easily, making the role of development banks and export-import banks vital for projects to get off the ground. But policy is being amended in most countries to encourage stronger investment in wind, solar and geothermal.”

http://www.pv-tech.org/news/solar_poised_for_growth_in_mexico_and_central_america_bnef?utm_source=pvtech-feeds&utm_medium=rss&utm_campaign=news-rss-feed

Solar in Space: Could Japan Become the Next Saudi Arabia?
http://www.fool.com/investing/general/2014/08/03/solar-in-space-could-japan-become-the-next-saudi-a.aspx#commentsBoxAnchor

Solar is a fast moving, rapidly evolving field and recently there have been some major, promising breakthroughs. I think a follow on article is in order.

Exceeded expectations. The below comment at the time.

"It added that the order was for a pilot project set to begin in September and if the installation meets expectations the company expects to win repeat business".

"The order creates an opportunity for the division to develop its business opportunities in this economically buoyant region."

http://arabianindustry.com/construction/news/2013/jul/25/green-technology-firm-ultima-networks-wins-saudi-solar-pilot-project-4389281/#.U-srOKOwRtU

UTN maybe next renewable energy stock to soar.

REH now gone from 1p to 3.75p in 2 days.

13:37
Oasis Power Unit
izzy bearInteractive Investor client
I hope they have the patent for the "Oasis solar power station" if so. then they have something that could be a great asset for Ultima, as it can be deployed almost any where in the world,
to provide power, if or when required, it needs no fuel, just the sun,

If it is the case, then It could be a real winner for the company.

Awaiting further news
http://www.iii.co.uk/investment/detail?code=cotn%3AUTN.L&display=discussion

Trades reported on ISDX too.
http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=19070

Nearly full house now - very strong strength.

http://www.barchart.com/opinions/stocks/UTN.LS

As far as Saudi is concerned we know Oasis exceeded expectations and it was said if it met expectations then would expect repeat business. We know GTEK have been working hard with other products too. We know GTEK have participated in a Saudi exhibition recently too. GTEK have now built up their website and heavily marketing solar products.

The bang bang RNS on Saudi can't be far away. Then of course mining companies in South Africa and schools in Mexico. And doesn't end there with ripple effect into other countries. Even 10p at 28m may look dirt cheap soon. We know they've got a 5 yr agreement on the bigger Oasis product in South Africa - all allows more to showcase.

It was said in 2008 that they hoped for significant revenues from solar in the future.

Akhtar has set-up the Silicon CPV website with the same countries and others too. He's going v.big imo and we should be tasting something very nice with the share price.

Potential.

http://gtek.com.sa/Silicon.pdf

15:39
Massive News Expected!!

slopjockey

Apparently there's some life changing news on the way from 'the sands'. Fearful of regional conflict and massive damage to vital infrastructure there needs to be a major re-think about how to power stand-alone locations. Anyone noticed how Diesel has become a dirty word recently.:

Scroll down the page to the FOBEX and Silicon CPV http://www.thinkdefence.co.uk/2012/06/generic-base-architecture-and-fobex/

Now why would KSA be interested in a stand-alone power unit?

Time to bag a Winner....IMO.

http://www.iii.co.uk/investment/detail?code=cotn%3AUTN.L&display=discussion

Interims are due anyday now - maybe released first week of September as last year. Would be better time for massive news too with everyone back from summer holidays.

I think there is another Saudi exhibition coming up - GTEK were there in around May 2014 with their stand. Since then via twitter we have seen GTEK adding that the water pump has also been used in Saudi Arabia and there is more on telecoms which backs up the RNS in May 2014 where the company said it was looking at addiitonal opportunities with telecoms in Saudi Arabia.

It remains the case though that if contract talks are successful then this share will be a multiple of what it is today. That is the gamble, talks in Saudi,Mexico,South Africa,Mexico and probably other countries too. Any success for a tiny company such as UTN and this share will rocket.

1. Schools in Mexico
2. Telecoms in Saudi Arabia
3. Defence in Saudi Arabia
4. Mining in South Africa
5. Neighbouring Countries
6. Span & Italy
7. Cognito - host of new sales in 2014
8. ebikes
9. Solar in UK

Lots of transformational newsflow.

Last year the Interims were released on 02/09/2013 which were accompanied with another RNS on the pilot project in the Kingdom of Saudi Arabia.

12 months now it is very likely a big statement on the Kingdom of Saudi Arabia is to follow.

At the time of the pilot project the Professor said they would expect repeat business if the trial met expectations. The May 2014 finals stated that the Oasis product exceeded expectations. The partner GTEK has been very active it seems in the area too and with other products too as per twitter and their own website feeds.

The Kingdom of Saudi Arabia have been the kings of Oil and now the big shift will happen from Oil to Solar. They have billions of pounds worth of Solar program and imo they'll hit it big time and hopefully provide significant revenue deals to UTN.

Mexico and South Africa news - they can also be transformational.

- Cash should be no worry with Cognito still producting significant cash for the group. Recently stated on their website that seen a host of new sales too for 2014. Also Akhtar's happy to bank roll with the Professor, Akhtar group and Silicon CPV as per the £2.60m investment many years ago.

Fri 14:06
Re: Massive News Expected!!

izzy bear [Interactive Investor client]
1UP
Oasis only needs Sun or bright day, Turbines need wind, and generators need fuel, Ultima's
Oasis must be by a distance the best option, but it's a case of Patent, how many units can they make, how quick can they make them, how much does each unit cost and the biggest issue, is how much cash do Ultima have to invest in them,

http://www.iii.co.uk/investment/detail?code=cotn%3AUTN.L&display=discussion

Interims should be out this week or next. Hopefully accompanied with transformational newsflow from Saudi Arabia and some updates on Mexico and South Africa too. Be right timing as far as markets and holiday period nearly over so more volume should return in the markets.

More very recent updates on facebook.
https://www.facebook.com/akhtersolarPLC

Akhter and family pension fund stand to gain and lose lot more than other investors put together, it will be his interest to make sure it does well, there is no guarantee succeeds in life, all one can do is his best.

Akhter owns 100% Silicon and 40% UTN, committed much to support the company through crisis and injected cash to grow the company. His son became a research student at Southampton University to advance grid parity solar device development in projects no doubt funded by Akhter.

Only time will tell what the outcome be, I am happy to be party to his success if it ever happens.

Very pretty - 0.96p next resistance to break.
http://www.barchart.com/opinions/stocks/UTN.LS

Should break 1p tomorrow imo.

Buys being concealed on ISDX this morning.

http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=19070

28/08/2014 08:41 200,000 @ 0.95
28/08/2014 08:07 100,000 @ 0.925

Base established in South Africa too - talking to mining companies for remote power.

http://www.siliconcpv.com/c5/files/7613/9040/6215/silicon-company-brochure.pdf

Blue now as expected - should break 1p ahead of transformational newsflow from many countries imo.

Solid.
http://www.barchart.com/opinions/stocks/UTN.LS

- Interims due next week very possibly and hopefully a nice big contract from Saudi Arabia and contracts possibilities from South Africa and Mexico too plus a whole lot more.

As for Saudi, the Oasis product secured a pilot project. The chairman at the time said if the product met expectations then would expect repeat business. Well the product exceeded expectations. Look at the Solar news on Saudi and how much it means to them.

Their partner GTEK in Saudi Arabia - check out their stuff and what's been going on recently via twitter.

The Oasis is the best remote power product imo in the market place.

South Africa - hundreds of mining companies would find it invaluable. Talking to telecoms in Saudi and schools in Mexico.

Their legal Software is worth 1p on the share price on a p/e of just 7. Their website recently states that 2014 has seen a host of new sales.

Silicon CPV - Akhtar Group. Well worth a research.

fido
29 Aug'14 - 09:58 - 4721 of 4721 1 0

Treacle32,
I wonder if we are now starting to see some corporate action with the global roll out of Akhter products.
It would seem that Silicon CPV has now changed its name to Akhter Solar Ltd

hTTp://people.bayt.com/en/company/akhter-solar-limited-hattar%2c-haripur-pakistan-formerly-silicon-cpv-plc-uk/#/company/akhter-solar-limited-hattar,-haripur-pakistan-formerly-silicon-cpv-plc-uk/

hTTps://www.facebook.com/pages/Akhter-Solar-Limited-Official/777449415612503

Meanwhile research shows the global ambitions of this company.

Clearly there is a huge void between the global company that it seeks to become and the tiny little 2 million pound company written off by the market.
Having now spent years developing the products, Akhter`s intention is clearly to become a global concern with the roll out of its products worldwide. Obviously to go from a market write off to a global concern is going to have a dramatic effect on the SP over the medium term but the greatest rate of SP appreciation should result from the initial signing of contracts.
It would seem that contract news could now be very close.

hTTp://fivestar-solar.com/silicomcpv.html

Remain very well positioned on chart & ta ahead of possible strong newsflow this week.

http://www.barchart.com/opinions/stocks/UTN.LS

When I called them last week, they said Interims will be announced at similar time as last year. It was 02 September 2013 last year so should be this week and hopefully opportunities news that accompanied last year's Interims is presented with finalised meaty contracts.

18:20
Re: All this good news .....

slopjockey

it'll all become clear in the morning ;-)

More
View thread 2
Respond
Login to Vote up

13:09
All this good news .....

Old Ma Coni
1UP
..... is making my head spin !

http://www.iii.co.uk/investment/detail?code=cotn%3AUTN.L&display=discussion

"Solar Energy Revolution: A Massive Opportunity"


hTTp://www.forbes.com/sites/peterdiamandis/2014/09/02/solar-energy-revolution-a-massive-opportunity/

And as if to prove the point:

hTTp://cleantechnica.com/2014/09/02/india-install-2200-solar-powered-mobile-communication-towers/

This schools contract in just Mexico could turn out massive. Could be nearer after passing of energy bill in July 2014. Never knew that even the pilot project would include over 100 schools. Talking to telecoms in Saudi Arabia and Mining companies in South Africa. Solar revolutions in all those countries. Host of new sales for Cognito and lots more.

Trading statement in Feb 2013.
"During 2012 the Company highlighted an exciting project in Mexico where it would be working with the Mexican Department of Education to supply approx. 200kw of power through a specially developed hybrid PV system to over 100 schools. This pilot scheme is still under evaluation by the Mexican government and the Company is ready to roll out its systems as soon as the contract is signed. Finally, should the pilot phases be successful there is the opportunity for a significant number of schools across Mexico to join the scheme".

fido
3 Sep'14 - 22:38 - 4840 of 4844 2 0

Treacle32,
The problem with quoting 10p right now to all the long term holders is that this share has not done much for such a long time, that many find the concept of this company multiplying by 10 a little unbelievable and given the amount of years this company has stagnated you have to be understanding of that. That does not mean that this company`s day is not about to come however and that day all depends on contracts being signed, How many times have you looked in disbelief as a company`s shares have rocketed as a result of winning a contract and wished you had been in at the start. With UTN we are looking at a number of contract talks in different countries and these would probably leed to follow on contracts which would have a spectacular effect on the shareprice but the contracts need to be signed and you must forgive those who think its all not possible. Personally I find it harder to believe that things won`t happen because talks have been on going for some time and we appear to be on the cusp of some potentially transformational news for the following reasons.

The passing of the energy bill in Mexico will not only allow for the schools contracts but will also allow UTN to be involved in a host of other solar projects within the country. Mexico is very keen to push on with this so I expect news sooner rather than later and if not released with results then in the near term.

In Saudi the pilot project has exceeded expectations and we are now awaiting firm orders.

In South Africa the pilot scheme has been evaluated now for a year so again we now expect firm orders.

All these projects have now been properly evaluated by the different countries and it is now decision time.Contracts could be announed at any time in the near term and if they are as big as they could possibly be and thus transform UTN`s revenues then the market will re evaluated UTN but only after marking UTN`s shares up by a massive amount.
The good thing is that after all this time waiting for UTN to do something, I think that the time is near.
We will see.

fido
4 Sep'14 - 22:45 - 4879 of 4880 2 0

Investors in UTN believe that UTN are never going to amount to much and that talk of 10p is all pye in the sky. The market decided that years ago and have wrote them off accordingly but things can and do change and like I say, the fact that the market have written these off will make the share price appreciation that much more spectacular.
People scoff and say yeah we have heard all this before and rightly want to see evidence first before pushing the shares ahead.
As I said before its all about getting these contracts signed off and therefore the difference between 1p and 10p is just a signature.
So is it going to happen? lets just take one example with the Saudi talks where the pilot project has exceeded expectation and follow on orders are to be expected. The market has not valued in any of the potential as yet and waits for the deals to be signed off. Ask many investors and they will be highly sceptical about the deal receiving a signature and yet we know that talks between the Saudi`s and UTN have been ongoing for a year. Is this going to come about? Take a read of the following article and see if you are still as convinced that this is a no no or could UTN pull the big one out of the bag with the first of what could be a number of signatures.

"Saudi Arabia is looking to offset diesel with off-grid solar photovoltaic (PV) applications and hybrid solutions"

"Most significantly, Saudi Aramco and Saudi Electricity Company are discussing plans to replace as much as 300 MW of diesel generation in off-grid locations with solar PV."

hTTp://www.albawaba.com/business/solar-saudi-601325

Greengrass3
5 Sep'14 - 09:17 - 4885 of 4885 1 0

The facts are there, UTN has gone global:

Manufacturing facility in Pakistan
Deployable Installation company/team in Spain
Regional Office in Saudi Arabia
Regional Office in South Africa

They are at first base with a Pilot project in saudi with more than a strong chance at repeat orders.
They have the potential of a contract with the Mexico and new business opportunities from the EXPO event they attended in Sept 13.
They have a supply contract in South Africa with mining companies showing interest in their produt line.

They only have to convert one of these opportunities to make a huge difference to the SP; its too late to gain an investment windfall once the news is released. At the current SP levels the biggest risk is not been a shareholder and part of something that has the potential to go north very quickly.

Hot! Hot! Hot!

https://twitter.com/GTEKSA

Green Technology Co @GTEKSA · Jun 4
GTek Solar Street Light Unit

Green Technology Co @GTEKSA · Jun 4
GTek At Saudi Energy Exhibition (2014 ) Riyadh- #Saudi_energy_exhibition #solar_energy #Solar #solar_power pic.twitter.com/w9nwwyj5O8

Green Technology Co @GTEKSA · May 4
Solar Water Pump ..... Place: Qassim City ( Saudi arabia )

Green Technology Co @GTEKSA · May 4
solar energy in the field of Telecommunication ... Location: Rafha, KSA Project: Communication Tower 20 KW


Green Technology Co @GTEKSA · May 4
Working with solar street lighting system #Solar_street_light

Green Technology Co @GTEKSA · May 4
GTek draws its strength from a team of experts from Europe and Saudi Arabia

GTEK our Saudi Arabia partner!!!

- All just in Saudi Arabia where the Oasis product exceeded expectations. Mexico, South Africa, and other countries - abudance of products could be deployed.

Pilot Project talks with Mexico government - over 100 schools. If success, roll out across country. Mining companies in South Africa. How many mining companies in South Africa and then how many could benefit from remote power?

2p a share worth imo on Cognito alone based on 400K profits on p/e of 14. Value of ebikes. Cognito website states seen a host of new sales in 2014. The company said in May 2014 that Cognito continues to generate "significant cash" for the group.

Greengrass3
6 Sep'14 - 21:46 - 4941 of 4942 1 0

Another new website: hxxp://212.106.97.135/home.html

Interstingly in the Latest innovations section it advertises the Hidalgo schools (Mexico)small scale solar solution; check the link is the deal done?

Also many new products including Ground source heat pumps, its all happening stand-by for take off.

UTN going to blow this afternoon ahead of news.

If news is good as per pages of research posted over past 40 days then straight line to 10p from 1p imo.

13:47
Hold Tight

slopjockey

It's gonna blow soon ;-)
http://www.iii.co.uk/investment/detail?code=cotn%3AUTN.L&display=discussion

fido
12 Sep'14 - 08:40 - 5084 of 5085 1 0

It has been my opinion for months now that there has been subtle buying of the stock placed on ISDX in a way that would not draw attention to the stock.
A stock like UTN can move very fast in the right circumstances and given the right news this could easily double or treble even before the market opens on the day of an announcement.
News could either come with results or in a seperate announcement like last year but you have to understand that even moderatly good news should result in a strong reaction with the shareprice, simply because the market has completly written this stock off as a company that will never make a decent return and any evidence to the contrary should be greeted by a strong rise.

Well that evidence has been shown on this BB over the last few weeks. Akhter`s plan is for global sales of his products and he has all the right contacts to do that. All we need are the signatures on the papers and this will be on its way to being a substantially bigger company than it is today with a corresponding multiple of todays shareprice.

Rising now and breaking out.

It seems the Interims will come out after the current Saudi exhibition that is going on. IMO because could allow even more bumper news to be included. Interims have to be out by end of the month.

New bull issued tonight - another positive amongst the so many others.

17-Sep-14
0.98 Bull Chikou Span Cross Strong

Type in UTN

http://www.ichimokutrader.com/

Some afternoon blue before news on Monday maybe a possibility.

GTEK now on facebook too after twitter updates back in June 2014.
https://www.facebook.com/pages/Green-Technology-Company/1488571041370807

GreenTech Expo - Egypt 28-30 May, 2015 Great product! Please come join our event, participate and connect with potential clients from Egypt & Africa, in addition to top decision makers & investors from Saudi, Kuwait, United Arab Emirates, Bahrain, Oman & Jordan. An excellent opportunity for your company to grow & expand its business. Love to hear from you! Keep up the good work!

Look at the countries that could be on offer and just from Middle East. A whole Mexico and South Africa including European countries is also available.

Still no Interims - imo working with the new advisors on something very big and transformational. Tidy up details over the weekend and then release news on Monday.

Nice 482K buy and blue - very close now it seems for big and transformational news.

Massive breakout looms imo.

More Updates.

Akhter Solar Limited-Official
37 minutes ago
Akhter Solar Limited

Uk's 1st Manufacturing Company of PV Modules in Pakistan
Manufacturing facility available in Hattar,KPK Pakistan

For queries and information contact us at:

Office No: 051-2818156-7
Mob No: 0322-5252660
Email : naqash.ahmed@akhtersolar.com
Photo: Akhter Solar Limited Uk's 1st Manufacturing Company of PV Modules in Pakistan Manufacturing facility available in Hattar,KPK Pakistan For queries and information contact us at: Office No: 051-2818156-7 Mob No: 0322-5252660 Email : naqash.ahmed@akhtersolar.com

https://www.facebook.com/pages/Akhter-Solar-Limited-Official/777449415612503

Yet more updates.

Akhter Solar Limited-Official
2 hours ago
The project team at Akhter delivered on time, provided competent and effective staff and solutions and overcame many obstacles, without incurring time delays, to provide what is now accepted as the first purpose built “all electronic courtroom” in the country.
Their service response, competency and capabilities have shown throughout and we would have no hesitation in recommending them for projects of this nature in the future.
LEE HUGHES CBE
SECRETARY TO THE INQUIRY
https://www.facebook.com/pages/Akhter-Solar-Limited-Official/777449415612503

Ultima Networks PLC

29 September 2014

Ultima Networks Plc

("Ultima", "the Group" or "the Company")

Interim Results for the six months ended 30 June 2014

Ultima, the IT and Green Technology Company, is pleased to announce its unaudited interim results for the six months ended 30 June 2014.

Highlights for the period

-- Turnover of GBP674,000 (H1 2013: GBP689,000)
-- Operating loss of GBP77,000 (H1 2013: Loss GBP136,000)
-- Cash at bank of GBP113,000 as at 30 June 2014 (30 June 2013: GBP82,000)

Ultima operates through two divisions: the IT Services division and the Green technology division.

The IT Services division develops and supplies computer based application software and services to the legal profession.

The Green technology division is responsible for the development and supply of electric powered bicycles and specialist electrical goods and provides renewable energy solutions for the development of clean power generation through solar and other renewable power sources with installations in the United Kingdom and in Spain.

Professor Humayun Mughal, Chairman and CEO, commented:

"During the six months ended 30 June 2014, Ultima made a Group operating loss of GBP77,000 (H1 2013: Loss GBP136,000). The Group maintained its policy of investing in research and product development to ensure it retains the ability to be competitive and react to market opportunities."

Enquiries:


Ultima Networks plc
Prof. Humayun Mughal, Chairman and
CEO 01279 821 200
Cairn Financial Advisers LLP (Nominated
Adviser)
Sandy Jamieson 020 7148 7900
Peterhouse Corporate Finance Limited
(Broker)
Eran Zucker, Charles Goodfellow 0207 469 0930


Chairman and Chief Executive's Statement

Operational Review

Ultima continued its investment in the IT Services product portfolio and the development of new products in the Green Technology division in order to generate future growth in revenues.

The IT Services division has continued the roll out of the FiLos legal software suite. The division has a programme of continuous product development which has proved an essential tool in maintaining demand and competitiveness and providing a platform for organic growth.

The Green Technology division saw a substantial reduction in sales of its electronic bicycles into mainland Europe resulting in a first half loss.

The opportunity for growth in the global renewable energy market remains positive with opportunities to provide innovative solutions.

The short term economic outlook remains uncertain however the Group remains positive and considers itself well positioned to take advantage of any upturn.

The Board of Ultima remains committed to its programme of research, design and development and expect this will provide the platform for future growth opportunities.

Financial Summary

In the six months to 30 June 2014 the Group achieved sales of GBP674,000 (H1 2013: GBP689,000) with an operating loss of GBP77,000 (H1 2013 GBP136,000).

The IT Services division made a profit at the operating level of GBP163,000 (H1 2013: GBP100, 000) on sales of GBP375,000 (H1 2013: GBP414,000). This division comprises Cognito Software, a provider of application software and services to the legal profession.

The Green Technology division made an operating loss of (GBP153,000) (H1 2013: operating loss of GBP157,000) on sales of GBP299,000 (H1 2013: GBP275,000). This division comprises the green technology products and the green energy parts of Ultima's business.

The Group central overheads for the six months to 30 June 2014 were GBP87,000 (H1 2013: cost of GBP79,000).

As a result of the expected availability of brought forward losses there has been no adjustment for taxation in the period.

Prof. Humayun Akhter Mughal,

Chairman and Chief Executive Officer

September 2014

Right this minute - a new market maker has got on board. That is PMUR.

I bet because big contract news is imminent and expecting business i.e. volume in this stock.

Akhter Solar Limited-Official shared DUA Marketing Network's photo.
15 hours ago
Marketing Partner.
Akhter Solar LTD
Introduce
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GTEk website completely revamped.
http://gtek.com.sa/

GTEK now has a factory in Saudi Arabia - any more clues required on the chances of a big Saudi Contract?

Company News

Gtek factory in Saudi Arabia has 15MW annual capacity.

Gtek solar panels are approved by the international manufacturing standards (IEC 61215) in a purpose built factory located in the Industrial City of Sudair near Riyadh.

GTek has installed a number of commercial and governmental solar projects around the Kingdom.

GTek is the first solar panels manufacturer in KSA. GTek is a Saudi Company established by Saudi & British experts in the field of energy management technology. The factory is located in Sudair Industrial city, and the company headquarter is located in Riyadh.

GTek has installed a number of commercial and governmental solar projects around the Kingdom.