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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Microfuz | MFZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.50 | 9.50 |
| Top Posts |
|---|
Posted at 19/6/2007 13:22 by tonyx POSITIVE PROFILECORPORATE & FINANCIAL COMMUNICATIONS PRESS RELEASE Date: 19 JUNE 2006 - IMMEDIATE Contact: Peter Marks, MicroFuze International Plc +613 9824 8166 or +61 412 141 722 John Wilkes/Hugh Oram, Nabarro Wells +44 (0)20 7710 7400 Henry Gewanter, Positive Profile +44 (0)20 7489 2028 MicroFuze International Plc MicroFuze International Plc (MFZ) to make initial investment in a South African Water Treatment Company and Raise Additional Working Capital The Directors of MicroFuze International Plc ("MFZ" or "The Company") are pleased to announce that the Company has entered into an agreement with Western Utilities Corporation (Proprietary) Ltd ("WUC"), a small start-up South African-based water treatment technology company. The agreement covers the acquisition of the 100 shares (representing 100% of the issued capital) currently on issue in WUC for a nominal amount together with an option to fund the development of a pilot plant to treat acid mine drainage (toxic water) currently emanating from the mining activities of the various major mining houses based on the West Rand in South Africa. The treatment and recycling of the water has become a significant and growing issue for many of the mining houses in South Africa. Directors wish to reiterate, as recently explained, that MFZ will continue to focus its activities on the core metal diffusion technology with its current focus on boronising - having moved away from the original focus of diffusing chrome into steel. The original MFZ technology has continued to be developed and directors remain confident that it is capable of achieving its initial commercial outcomes during the current year. Whilst the focus will remain on the commercialisation and rollout of the MFZ technology and identification of other potential applications for the technology, the South African water treatment opportunity represents a potentially commercially attractive technology which balances and potentially de-risks MFZ from its current sole reliance on the microwave technology. As a consequence of this, the Company has also decided to raise additional capital in the amount of up to £2.5m at a price of 5.0p per share. This funding will be provided by institutional investors and will be used as general working capital to continue to fund the Company's existing technology. In addition if the Company proceeds with the option to fund the new water project, funding will over time be directed to the new project which, as stated above, is at an early stage of development. As a consequence, funding will also be milestone-based and staged over a 2 year period. The Directors believe that the continued focus on the MFZ technology and the bolstering of the portfolio with the new project represents a commercially sound strategy and in the longer term interests of all shareholders. Further details on the project will be provided in due course. ENDS. MicroFuze International plc |
Posted at 30/3/2006 14:44 by pugugly andypace:> But PDX have dropped by some 45% from the top, and they were also a dog below 31p for a long time. The critical driver for both shares are HOPE and SALES. pdx has been largely driven by hope and sales,while arriving, are too slow for many investors. MicroFuze is still in the HOPE stage but unless we see sales or maor development contracts in the medium term there is considerable downside and also a lot of stock not subject to lock in. (imo & dyor) |
Posted at 26/3/2006 00:44 by din007 Found this on "Grwoth Company Investor"MicroFuze rides the waves An even more recent newcomer, having completed its own £2.5 million fundraising and flotation on 13 February, is MicroFuze International, another hi-tech industrial hopeful. Using technology first developed by the US Department of Energy, MicroFuze's offerings utilise microwaves to create metal alloys a process chief executive Doug Parrish reckons holds a clear edge over more established alternatives. 'There are three main advantages,' Parrish elaborates. 'The first is price. The second is the improved properties of the alloys produced, which are easier to weld because microwaves don't change the cell structure of the base metals. The third is that it's cleaner than other technologies as you don't have to use the same chemicals to force a reaction and you're not left with residual acid baths that then have to be disposed of.' Although at an even earlier stage than SPI in terms of development, Parrish notes that 'we own a worldwide licence over the process, except in the US where they don't grant licences' and says the company now plans to increase awareness of its product. 'We've worked in stealth for four years but now we need a marketing arm and a production arm,' hence the move to AIM. The cash, reasons Parrish, should afford the company two years to get things right. That said, MicroFuze has still to generate significant revenues and, as a result, all but the hardiest of investors should just watch and wait for now. Elliott Davis |
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