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AIM WINNERS & LOSERS: Pri0r1ty rises as launches bitcoin routing node

ALN

The following stocks are the leading risers and fallers on AIM on Friday.

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AIM - WINNERS

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Pri0r1ty Intelligence Group PLC, up 16% at 4.29 pence, 12-month range 2.10p-11.66p. The London-based software-as-a-service provider focused on AI launches a lightning network routing node for bitcoin transactions, following the rollout of Pr1bit last month. The additional paid offering, Pr1bit, uses both artificial intelligence and Coinbase Commerce infrastructure to enable businesses to accept bitcoin payments instantly and almost cost-free. Pri0r1ty customers will be able use its lightning network to send and receive bitcoin at a ‘significantly lower cost’ than the bitcoin main network or other online payment methods. Pri0r1ty will earn a routing fee for processing transactions in bitcoin satoshis, which is the smallest monetary denomination of bitcoin. The first node is already active, with more than 100 payments processed to date on behalf of small to medium-sized enterprises. The company will also launch several Ethereum validator nodes and provide a staking pool. ‘We are seeing an increase in demand for the ability to integrate bitcoin payments into customer solutions, and Pri0r1ty is well-placed to capitalise on the continuing momentum and demand in the space,’ says Chief Executive Officer James Sheehan.

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Mirriad Advertising PLC, up 11% at 0.014p, 12-month range 0.0080p-0.75p. The London-based advertising and product placement firm agrees a services deal with Middle Eastern advertising sales houses firm MBC Media Solutions. Mirriad will provide in-video advertising to MBC to enable non-intrusive advertising solutions for MBC group’s subscription video on demand and linear content. The agreement is for an initial two-year term and will result in around £370,000 in revenue per year for Mirriad. The company adds that revenue for the first half of the year was around £200,000, split ‘broadly equally’ between the US and Europe, Middle East & Africa regions. The firm reported £390,000 in first-half revenue the year before, which had declined from £592,000 in financial 2023. Mirriad also says its run rate costs have been ‘significantly reduced’ during the six-month period, at around £220,000 per month. This is £30,000 lower than the company’s target.

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AIM - LOSERS

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Zenova Group PLC, down 3.7% at 0.24p, 12-month range 0.17p-1.53p. The London-based fire suppression and interdiction solutions company enters a new distribution agreement with Firefighting Supplies Ltd, a company specifically formed to distribute Zenova products in the UK. Genova believes Firefighting Supplies will become ‘a key route to market’ for its fire extinguisher range, particularly within the public sector and ‘infrastructure environments’. Firefighting Supplies has placed an initial order for 200 units of the Zenova FX 6L all-class fire extinguisher, with a further 2,000 units to be delivered over the next few months. Deliveries will begin immediately, and the order is expected to return revenue of more than £125,000 over the next year for Zenova. The board anticipates this timeline shortening, as monthly order quantities may increase. ‘The inaugural order and additional confirmed volume over the next few months demonstrate growing demand for our advanced fire safety technology, especially as regulatory changes reshape the UK fire protection landscape. We are also seeing growing interest from major distributors to stock our superior-performance extinguishers,’ says Zenova Chief Executive Officer Thomas Melchior.

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