Nasstar, which describes itself as a cloud services provider, has announced that one of its partners, iomart Hosting, part of iomart Group, a managed hosting and cloud computing services company, has signed a 70+ user contract for hosted desktop services with an international recruitment consultancy. "Our expertise at hosting a wide and growing range of apps, including those from Bond International Software and other specialist software vendors, provides our partners with the ability to offer their customers a complete cloud service," said the firm's Chief Executive.

Seeing Machines, the maker of equipment that tracks the facial movements of drivers to make sure they are awake, posted a 9.2% in revenue to A$7.82m for the year ended June 30th but suffered a decrease in gross profit, from A$4.88m to A$4.32m, primarily as a result of a change in product mix and sales costs. The results were also affected by lower sales of the company's faceLAB and faceAPI products. The net loss for the year decreased from A$2.17m to A$0.44m. Cash at the year-end decreased to A$0.58m from A$1.65m a year earlier.

Oxford Advanced Surfaces Group, a technology developer targeting a number of global markets, reported "solid progress" in the half year ended June 30th as it approaches commercialisation. During the six month period, the firm generated revenue of £69,000, the majority of which was generated from fee paying commercial agreements and individual projects with a further, with the remaining £7,000 from grant funding. The loss before tax for the six month period was £0.81m (2011: £0.93m). Research and development costs decreased from £0.53m to £0.47m. Cash and equivalents at the period end totalled £0.48m compared to £0.98m a year earlier.

NR

Related share prices
Seeing Machines Ltd. (SEE) share price
Nasstar (NASA) share price
Oxford Advanced Surfaces Group (OXA) share price