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ultima networks plc (UTN) Snapshot

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07/25/13 - 1.15 GBp
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ultima networks plc (UTN) Details

Ultima Networks Plc, together with its subsidiaries, engages in the marketing and support of computer application software; and merchandising of various products primarily electric bicycles. The company operates in two segments, IT and Related Services, and Green Technology. The IT and Related Services segment develops and deploys legal software solutions, as well as engages in publishing application software solutions, which includes legal case management, practice management, and legal accounts software that deliver working practices and enhance fee earner productivity for legal firms or solicitors. This segment also engages in accessing a range of resources and expertise, including loyalty systems and networking services. The Green Technology segment is involved in the merchandising of various products, such as electric bikes and electric bicycles under the Infineum and PowaCycle brands; educational electronic kits under the Cambridge BrainBox name; and energy saving lamps. This segment also engages in the development of solar power parks. The company operates primarily in the United Kingdom, Italy, and Spain. Ultima Networks Plc is based in Harlow, the United Kingdom.

31 Employees
Last Reported Date: 03/1/13

ultima networks plc (UTN) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

ultima networks plc (UTN) Key Developments

Ultima Networks plc Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2013; Provides Revenue Guidance for the Second Half of 2013

Ultima Networks plc reported unaudited consolidated earnings results for the half year ended June 30, 2013. For the half year, the company reported revenue of £689,000 against £1,416,000 a year ago. Operating loss was £136,000 against £29,000 a year ago. Loss before taxation was £140,000 against £34,000 a year ago. Total comprehensive loss attributable to equity holders of the company was £140,000 or 0.05 pence per basic and diluted share against £34,000 or 0.01 pence per basic and diluted share a year ago. Net cash used in operating activities was £1,000 against £501,000 a year ago. Purchase of property, plant and equipment was £51,000 against £22,000 a year ago. Development expenditure was £107,000 against £102,000 a year ago. The company expects both divisions to make progress with the introduction of new products and improved distribution channels and investment into the development of renewable energy solutions. This will strengthen the group's green credentials and improve the opportunity for growth in revenues in the second half of 2013.

Ultima's Green Technology Division Signs Agreement to Provide Solar Electricity to the Visitor Centre at the Pilansberg Game Reserve in South Africa

The Board of Ultima announced that the company's Green Technology Division has signed an agreement to provide solar electricity to the visitor centre at the Pilansberg Game Reserve in South Africa. Electricity will be generated by installing the company's Oasis containerized Hybrid Solar Power station. Oasis is a compact, quick to deploy and scalable solar power station that is capable of providing green energy for applications in the range between 20Kw and 200KW. Each 20KW power pack is incorporated into a 20 foot ISO container and delivered to the required site as a ready to use power station. Oasis is also capable of redeployment to a different site within 48 hours. Oasis has already been supplied to The Kingdom of Saudi Arabia where it is due to go into operation in early September 2013. Ultima is confident that following the successful deployment of Oasis at Pilansberg, additional business will follow from within the Pilansberg Reserve and other reserves in South Africa. Electricity used at Pilansberg is currently provided by diesel generators due to there being no connection to the electricity grid. The company's hybrid power station will provide clean renewable energy and will reduce the running time of generators by around 90%. The visitor centre is used by all who come to this game reserve. The agreement is for a period of 5 years during which the game reserve will purchase the electricity generated by the solar solution. The agreement is renewable beyond the 5 year period at the option of the game reserve. The hybrid solar power station will help to substantially reduce Co2 emissions and eliminate the noise pollution from the generators, thereby reducing the environmental impact of this spectacular location.

Ultima Networks plc's Green Technology Division Receives First Order from Kingdom of Saudi Arabia

The Board of Ultima Networks plc announced that the Green Technology Division has received its first order for the supply of a Containerised Hybrid Solar Power Solution to The Kingdom of Saudi Arabia. The Hybrid Solar Power solution has been specially designed to deal with the Saudi Arabian desert conditions and tough environment. The order is a pilot project with installation taking place early September 2013. Should the solution meet the customer requirements, the division expects to receive further follow up business.


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