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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Cordel Group PLC - London-based transport corridor analytics platform - Cordel partners with Transport for London, the body responsible for the bulk of the transport network in the UK capital, in the field of ‘track innovation’. ‘Cordel is conducting an initial proof of concept project with TfL to demonstrate the technical capabilities of LiDAR and AI technology, deployed on London Underground trains. Key aspects of the project, include capturing point cloud data along the complete Central line route and processing it into key TfL use cases through Cordel’s AI platform,’ Cordel adds. TFL has an ‘immediate interest’ in Cordel’s offering for 55% of track miles that are above ground. ‘Longer term, Cordel is investing in development to provide closely geo-located in-tunnel data-streams to add to the suite of use cases for London Underground,’ Cordel adds. ---------- SDI Group PLC - Cambridge, England-based maker of scientific and technology products for digital imaging and sensing control applications - ‘Positive momentum’ continues and organic growth has picked up from a year prior. For the year ending April, it expects results in line with market expectations, which it puts at £75.2 million for revenue and £9.8 million for adjusted pretax profit. Adjusted pretax profit in financial 2025 totalled £8.5 million, on revenue of £66.2 million. ‘The company anticipates profit and revenue will again be weighted towards H2 reflecting the current orderbook and pipeline across the group. SDI drives growth through a clear dual strategy - optimising its existing businesses for organic growth and acquiring complementary businesses, with strong niche positions and international reach, to leverage the synergies and benefits of the wider group,’ SDI adds. ---------- IntelliAM AI PLC - South Yorkshire, England-based provider of AI-driven software solutions for the manufacturing and engineering sectors - IntelliAM signs a development pact with ‘a global engineering manufacturer’. The duo have agreed investment in the tie-up which will be focused on lubrication technology. ‘The partnership will create a powerful fusion of industrial hardware leadership and advanced software intelligence. By embedding AI and machine learning into the manufacturer’s lubrication systems, customers benefit from predictive insights, optimised machine performance, reduced downtime, and lower total cost of ownership, while also advancing sustainability objectives,’ IntelliAM says. ---------- GenIP PLC - London-based generative AI services provider - GenIP teams with 360 Social Impact Studios, a consulting firm and venture studio, which will see the London listing’s Invention Evaluator offering integrated into ‘360’s innovation platform’. Venture studios help build start-ups. The partnership ‘ensure every 360’s project undergoes a rigorous assessment for market potential and commercial readiness before moving forward’. ‘Through this partnership GenIP’s role transforms from being an external service provider into becoming a core component of 360’s platform, securing a predictable, recurring revenue stream. It also gives GenIP direct access to a pipeline of 50+ active engagements and new ventures, and over 100 corporate clients, expanding its market presence beyond its traditional academic base,’ GenIP says. The deal also brings ‘significant cross-selling opportunities for GenIP’s recruitment and leadership hiring services’. ---------- Seeing Machines Ltd - Canberra, Australia-based designer of vehicle operator monitoring systems - The company will deliver its Gurdian Generation 3 system to a first referral customer from Mitsubishi Electric Automotive America. Since the agreement with MEAA was announced in June, the duo have ‘collaborated on opportunities in the Americas’. MEAA has boosted the Guardian sales pipeline ‘through its customer network’, Seeing Machines says. ‘This initial signed agreement for Seeing Machines is with a modest sized fleet, Savannah Transport Inc, a family-owned company that has served the Western and Midwestern US since 2000. This deal was completed more rapidly than the standard Guardian sales cycle, representing the benefit of the referral process and is one of several promising opportunities currently being pursued by the company,’ Seeing Machines says. ---------- Primorus Investments PLC - London-based investor in small and mid-cap companies - Investee Virtualstock Holdings Ltd has been sold to a third-party buyer. ‘Primorus will receive consideration of up to approximately £720,000, which will comprise cash on completion, deferred consideration and an equity interest in the buyer,’ the company says. ---------- Tertiary Minerals PLC - mineral development company focused on deposits in the US, Zambia and northern Europe - Drill holes show a ‘thick, near surface silver mineralisation’ at Target A1 in the Mushima North project in Zambia. ‘Silver mineralisation has now been intersected in drilling over a 350m by 300m area, and remains open to the north, south and at depth,’ Tertiary adds. Additional results from other drill holes are expected in the weeks to come. ---------- Petro Matad Ltd - petroleum exploration, development and production in Mongolia - Acidisation work at Block XX has completed. Petro Matad reports there is a ‘significant volume of unrecovered injected fluid in the well’. It says 640 barrels of injected fluid still need to be recovered. ‘The company has now determined that the quickest and most cost-effective way to get a definitive result from the re-test of Heron-2 is to run a completion string, install a surface pump and conduct a pumped test. Work has now started to complete the well and install temporary surface production equipment. PetroChina has provided us with a suitable second-hand beam pump and our construction contractor has mobilised to site,’ it adds. ‘The workover rig is now moving to the Gazelle-1 well. All permits and approvals are in place to commence the well test programme which we anticipate will start before the end of September and complete by the end of October after which the rig will move to Gobi Bear-1.’ ---------- Artemis Resources Ltd - gold, copper and lithium focused mining company with projects in Western Australia - Reverse circulation drilling is underway to test targets at the Titan asset located within the Karratha project in Western Australia. The 1,600-metre programme will test three shallow gold targets. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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