Company: Genex Power (ASX: GNX)
Type: ASX ListedDescription: Genex Power has provided an update on the Company’s activities and performance for the quarter ending 30 September 2020.
- Signing of a new A$25M Share Subscription Agreement (SSA) with J-POWER for the Kidston Pumped Storage Hydro Project (K2-Hydro);
- The Queensland Government reaffirmed its commitment to A$132M in funding for the transmission line for K2-Hydro;
- 50MW Kidston Solar Project delivered A$2.8M in Net Revenue and 30,724MWh of power generated for the quarter;
- Successful capital raising A$24.1M comprising a Placement and Share Purchase Plan;
- Launch of the Company’s Bouldercombe Battery Project (BBP);
- Selection of preferred battery supplier and integrator for the BBP; and
- Submission of an Application for Connection of the BBP to the National Electricity Market and the Powerlink network.
- Cash at Bank A$61.4M with Market Cap A$99.7M.
Company: Invigor Group (ASX: IVO)Sector : Information and Technology
Type: ASX ListedDescription: Invigor Group has secured a major two-year contract with Diageo Australia for its Pricing Insights Solution.
Diageo Australia is the leading premium spirits company in Australia with brands including Johnny Walker, Ciroc, Tanqueray, Baileys, Smirnoff, Bundaberg and Guiness.
Diageo will have access to historical pricing and promotional data as well as real-time competitive pricing intelligence across the whole Australian liquor market. This will allow Diageo to drive more strategic decisions and opportunities for direct growth.
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