Trading Statement

RNS Number : 5505K
Applied Intellectual Capital Ltd
19 December 2008

APPLIED INTELLECTUAL CAPITAL
Trading and Market Update

19 December 2008

Applied Intellectual Capital Limited ("AIC") (AIM: AINC) funds, develops, patents and commercializes electrochemical and advanced
separations technologies in clean energy, electricity storage, water treatment, metals recovery and other emerging markets. AIC today
provides the following trading and market update

BOARD CHANGES
AIC is pleased to announce the appointment of David Thompson as Chairman of The Board, following the resignation of Sir Andrew Likierman
as a Director. David has served as a Non-Executive Director on the board of AIC since December 2006. Sir Andrew has resigned in order to
take on increased responsibilities at the London Business School and the Board wishes to thank him for his commitment, counsel and guidance
during this important phase of the company's development.
CHANGE OF ADVISER
Following the acquisition by Ambrian Capital Plc of Nabarro Wells & Co. Limited, the Company's Nominated Adviser for the purposes of the
AIM Rules for Companies ("AIM Rules"), Nabarro Wells & Co. Limited has tendered its resignation as the Company's Nominated Adviser. Ambrian
Partners Limited has initiated discussions with AIC to take over as the company's Nominated Adviser.
LISTING ON AIM
AIC believes that its recent share price performance significantly undervalues the business and has resulted in unwarranted loss in
shareholder value. The company is therefore evaluating a number of strategic options to preserve and re-build shareholder value. One option
under serious consideration is the cancellation of its Admission to AIM. The Board is taking advice on this matter and will make further
announcements in due course.
TRADING UPDATE
AIC provides the following updates to its business activities:
* EverClear Solutions Inc, AIC's (54% owned) mining technology subsidiary, is continuing to seek expansion financing. Capital market
conditions, along with the recent precipitous fall in commodity prices, have presented significant challenges to this activity. EverClear's
working capital reserves are critically low, however discussions with potential investors are ongoing and AIC remains hopeful that EverClear
will secure funding early in 2009.

* RedOx, AIC's (100%) bio-fuels subsidiary, has recently completed its first comprehensive technology review and gateway which has
confirmed its ability to pre-treat bio-mass and produce sugars from rice straw and other waste materials for use as bio-fuel feed-stocks.
Other commercially useful materials are also being produced in the RedOx process. Discussions with Mitsubishi on further development and
commercialization activities are continuing.

* The negotiations with ITI Scotland (referred to in earlier trading updates) are ongoing, and constructive progress continues to be
made in securing the future of Plurion Ltd., AIC's (majority owned) flow battery subsidiary. AIC's continued viability as a company is still
entirely dependent on its being able to reach a satisfactory conclusion to these negotiations. Separately, Plurion has received several
indications of interest from potential investors.

* AIC is continuing negotiations with a Chinese group with a view to establishing the first commercial production facility for AIC's
BLAB transport batteries. The first application of this technology is likely to be in the large and rapidly growing Asian markets for
electric bicycles and scooters. The timing and eventual outcome of these negotiations is still uncertain. However, if successful, they will
result in significant future revenues for AIC. In separate developments, AIC has produced proof-of-concept versions of its advanced
electrode materials for a higher performance BLAB variant aimed at western electric and hybrid electric vehicle markets. Discussions with
potential strategic and financial partners have been initiated.

* AIC is also making some promising progress on a number of its other technologies, for example, metal-air batteries, solar PV, advanced
bio-fuels and other, related developments. Efforts to secure funding for these activities have been initiated.

CASH POSITION

The Board continues to monitor AIC's working capital position closely. There will be some redundancies in the first quarter, and a
number of other measures to preserve cash will be implemented.
PUBLICATION OF ACCOUNTS
AIC is finalizing its year-end audit and anticipates publishing its accounts in early January 2009. As with many other similar companies
in the current economic circumstances, AIC expects these accounts to be qualified by its auditors.

ENQUIRIES:
Applied Intellectual Capital Limited: Robert Stoffregen Tel. +1 510 239 0025
Perlgut Group: Mark Perlgut Tel. +1 212 799 0026
Mirabaud Securities: Peter Krens Tel. +44 (0)207 878 3362
Nabarro Wells : Marc Cramsie Tel. +44 (0)207 634 4858

This information is provided by RNS
The company news service from the London Stock Exchange

END

TSTZGMMZNLRGRZM

Applied Intel. (LSE:AINC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024