IntelliAM AI Share Discussion Threads

[hedgehog 100] 03/7/2024 15:24

"UK AI startup IntelliAM floats on London's Aquis exchange after raising £5m

Published: 10:22 03 Jul 2024 BST

Written by: Oliver Haill

Edited by: Philip Whiterow

IntelliAM AI floated on London's Aquis Stock Exchange this morning after raising £5 million to grow its artificial intelligence platform, which is used to improve manufacturing efficiency.

The Yorkshire-based company, which works with food and drinks firms including Mars, will be valued at £15.4 million on admission.

Founded in 2023, IntelliAM says it uses AI models to "proactively increase operating efficiency of the existing assets" of manufacturing clients, harnessing masses of data from clients' machines and operational systems and processing them with its IntelliAM platform to provide "actionable insights".

Clients can get help improving productivity, reliability and supply-chain optimisation, as well as energy efficiency and sustainability.

Chief executive and founder Tom Clayton said: "We are delighted to be joining the AQSE Growth Market at a time when we have combined our established manufacturing asset management consultancy with our more recently developed and launched IntelliAM AI platform.

"We believe that this platform has immense and proven potential to reduce unscheduled manufacturing downtime, improve producer operating efficiencies and thereby increase our clients' profitability."

Clayton's other business, maintenance engineering and asset management specialist 53North, which serves major customers such as Mars, Müller and Weetabix, is the source of a strong pipeline of opportunities for IntelliAM.

IntelliAM's chairman is David Richards, former boss of AIM-listed Wandisco, now Cirata PLC (AIM:CRTA), which since he left has been investigated by the Financial Conduct Authority over accounting irregularities."

[hedgehog 100] 03/7/2024 14:57

"WEDNESDAY 03 JULY 2024 8:26 AM

South Yorkshire firm Intelliam AI floats on the Aquis Stock Exchange

By:Ali Lyon

South Yorkshire AI firm Intelliam AI made its stock market debut this morning, floating on the Aquis Stock Exchange in a move that valued the firm at nearly £18m.

The firm, which uses AI to improve operating efficiency in the manufacturing sector, raised over £5m with the listing, the proceeds from which it will use to acquire 53 Degrees North Group Limited, a consultancy firm. ...

The listing is one of the first AIM and Machine firms to list on the Aquis Growth Market, a primary market for small and mid-cap firms.

Intelliam already works with some of the world’s largest food and drinks firms, including the sweet and pet food giant Mars, for which it uses its machine learning technology to drive productivity improvements.

Tom Clayton, Intelliam’s CEO, said: “We are delighted to be joining the AQSE Growth Market at a time when we have combined our established manufacturing asset management consultancy with our more recently developed and launched Intelliam AI platform.

“We believe that this platform has immense and proven potential to reduce unscheduled manufacturing downtime, improve producer operating efficiencies and thereby increase our clients’ profitability.”

The float comes despite Intelliam’s chair, David Richards, being asked by his former employer to repay hundreds of thousands of pounds by the board of his former company, Wandisco.

Richards was boss of the tech firm, which he left shortly before the emergence of a major fraud which involved booking nearly £100m of false sales."

[hedgehog 100] 03/7/2024 14:45

Current share price 3rd. July 2024: 105p
16,382,534 shares in issue
Market capitalisation: £17.2016M.



"Transforming business with AI-powered Asset Management
Unlock a new dimension of efficiency, innovation and success."



"About IntelliAM AI Plc
IntelliAM AI Plc is a software company leveraging the power of AI and machine learning in the manufacturing industry. IntelliAM uses AI models to proactively increase operating efficiency of the existing assets of the Company’s manufacturing clients. The Company achieves this by harnessing vast amounts of data from the client’s machines and operational systems processed through the IntelliAM platform to provide actionable insights for clients that encompass a broad range of areas, such as productivity, reliability and supply-chain optimisation, as well as energy efficiency and sustainability."



03 Jul 24 07:00 IntelliAM AI PLC - AQSE Only - Admission to Trading & First Dealings

"Admission to Trading on AQSE

and

First Day of Dealings

IntelliAM AI plc (AQSE: INT), the software company leveraging the power of AI and machine learning in the manufacturing industry, is pleased to announce that dealings in its Ordinary Shares of £0.005 each (Ordinary Shares) will commence from 8:00 am today, 3 July 2024, on the Aquis Stock Exchange Growth Market under the ticker symbol INT and ISIN number --GB00BR56LJ77.

On Admission, and following a Placing that raised gross proceeds of £5,079,989, the Company will have 16,382,534 Ordinary Shares in issue and the market capitalisation of the Company will be approximately £15,399,582. Tomorrow, Thursday 4 July, the Company will complete the acquisition of 53 North and issue 2,759,042 Consideration Shares. Therefore, on 4 July the Company will have 19,141,576 shares in issue and, at the Placing Price of 94p, this would represent a market capitalisation of £17,993,081. A further announcement will be made tomorrow and details of the acquisition, and any terms not defined in this announcement, can be found in the Company's Admission Document at:

About IntelliAM

IntelliAM uses AI models to proactively increase operating efficiency of the existing assets of the Company's manufacturing clients. The Group achieves this by harnessing vast amounts of data from the client's machines and operational systems processed through the IntelliAM platform to provide actionable insights for clients that encompass a broad range of areas, such as productivity, reliability and supply-chain optimisation, as well as energy efficiency and sustainability.

Tom Clayton, Chief Executive Officer of IntelliAM, said:

"We are delighted to be joining the AQSE Growth Market at a time when we have combined our established manufacturing asset management consultancy with our more recently developed and launched IntelliAM AI platform. We believe that this platform has immense and proven potential to reduce unscheduled manufacturing downtime, improve producer operating efficiencies and thereby increase our clients' profitability."

Enquiries:

IntelliAM AI plc [phone]
Tom Clayton, Chief Executive Officer
Daud Khan, Chief Financial Officer

Oberon Capital - AQSE Corporate Adviser and Broker [phone]
Adam Pollock
Mike Seabrook
Jessica Cave

Square1 Consulting - Financial PR [phone]
David Bick [phone]"




"IntelliAM AI starts trading on AQSE with £15 million market cap

03 July 2024, 12:03 Source - Alliance News

The software company, leveraging the power of AI and machine learning in the manufacturing industry, said following a placing that raised £5.1 million gross, it will have 16.4 million shares in issue with a market capitalisation of around £15.4 million. The placing price was 94 pence per share.

Shares in IntelliAM rose 11% to 104.0p each on Wednesday in London, implying a market value of around £17.1 million.

It added that on Thursday, it will complete the acquisition of 53 North and issue 2.8 million consideration shares, meaning there will be 19.1 million shares in issue.

Including the shares to be issued as part of the 53 North deal, the current 104p share price suggests a market value of around £19.9 million.

Copyright 2024 Alliance News Ltd. All Rights Reserved."

[kenbachelor] 15/6/2021 11:06

Those were the days.

The best rate I can find is 0.4% on a Freedom Savings account with RCI Bank.

[malctheraider] 01/5/2011 13:32

He must be a thick as you then chav.

[pomp circumstance] 14/11/2008 12:22

he took his time!!!

[cyberpost] 14/11/2008 12:03

RNS Number : 1947I
International Medical Devices PLC
14 November 2008

International Medical Devices Plc

('IMD' or the 'Company')

Director Resignation

Jeremy Friedlander, non-executive director, has resigned from IMD with immediate effect.

[5huu] 12/11/2008 22:24

Anyone have any news from FSA or LSE?

[pomp circumstance] 11/11/2008 11:06

Moneys obviously run out!!

lieing crook!! Another name for the blacklist!!

[cyberpost] 11/11/2008 10:41

Director resignation (Intl Medical Devices)

RNS Number : 8977H
International Medical Devices PLC
11 November 2008

11th November 2008


International Medical Devices Plc
("IMD" or the "Company")

Director Resignation

Mike Acheson, Finance Director and Company Secretary, has resigned from IMD with immediate effect from both positions.

[stevo7] 12/9/2008 18:13

can anyone tell me if international medical supplies are still going or have i lost my shares thank you stevo7

[5huu] 20/8/2008 20:55

I wonder what the significance of MA's below e-mail would be to the Authorities? This was the one sent to an ADVFN member and posted here just before the latest results were published after delay:

just got this reply from Mike Acheson (FD)

Thanks for contacting us. The results will not be announced today, for two reasons. Firstly we have a new broker (Shore Capital) and they are finalising their research note (including broker forecasts), which we want to have issued at the same time as the Interims. Secondly, the Chairman did not realise this is a public holiday weekend. Companies which announce results at a time when many people are away from their desks on long weekends, often do it for a reason. We did not wish to leave that impression, as we wish the market to see and read about our activities.

So interim results will be out on Tuesday or Wednesday (depending on completion of the broker note).

Kind regards,

Mike

Finance Director

[pomp circumstance] 19/8/2008 22:30

And slimebal is back on the rns

[ljsquash] 19/8/2008 21:37

So CEO jumps ship?

[pomp circumstance] 25/7/2008 07:11

I heard Root has lost a load of money too and is helping out the authorities!

[5huu] 24/7/2008 23:47

To be honest PC, I'm unclear what remains with the 3rd Subsidiary. I was referring to Root & Intervene with the Surety range. Take that away and there's nothing left?

[pomp circumstance] 24/7/2008 09:26

Are you saying the third was HAS BEEN handed over or it could be?

Are you talking about Root?

[5huu] 24/7/2008 09:01

Whats's happening to the 3rd trading subsidiary? hmmmmmmmmm
Well, the company saving product has been handed over to another company (formed by another well known EX-Director)and then you go belly up!?!?

It all just stinks. Lets hope all the regulatory bodies deal with these crooks.
Hopefully now all are informed and on the case.

What's left for us shareholders though is another thing?
5huu

[pomp circumstance] 23/7/2008 08:42

The DTI have started an investigation into IMD

[pomp circumstance] 21/7/2008 05:45

2 out of 3

So whats happeneing to the other one? Or is admin for that just a matter of time and the the crooks run down the company on the what money is remaining whilst claiming they are looking for some other company to mug?


The Board has been working closely with IMD's existing bank, in order to protect the
assets of the business. The IMD Board has
regrettably taken the decision, to place two of IMD's three trading subsidiaries, being
Pro-Care Limited and Response Medical Equipment
Limited, into Administration. BDO Stoy Hayward has been appointed Administrator of these
businesses. IMD and the Administrators are working
together to try to find a solution for the IMD group.

[esrimeur] 17/7/2008 21:06

AIM released their 6th Disciplinary RNS yesterday, notifying private censures of 4 anonymous companies. Guess who pays up - yep, the cos/shareholders & not the nomads.

The problem is that the co must consult the nomad before an announcement, so if they do not it is not the nomad's fault.

It would be simple enough to change the rules such that no announcement can be made without a nomad's approval.

Trouble is - light touch/low cost is incompatible with a nomad conducting DD.

However - irrespective of AIM's rules, the common law has always been there to relieve misrepresentation.