Plastics technology IP firm 3DM Worldwide, a recommendation at 48.5p in February's Growth Company Investor, has two core technologies, Powder Impression Moulding (PIM) and 3-Dimensional Blow Moulding. Since we backed the stock, the shares have sparked up to current levels on a string of upbeat announcements and licensing deals. Ken Brooks, the group's chairman, has made some key management appointments now that 3DM is focusing on licensing its technology, and sees commmercial opportunities growing. Most recently, 3DM announced a machine collaboration with main board quoted Robotic Technology Systems (RTS), as well as a marketing licence agreement with a venture in Cyprus. The deal with RTS is to develop a robotic line of machinery for 3DM's PIM process, which stands for Powder Impression Moulding. It is a way of making large plastic mouldings. Robotic lines will speed up exploitation of the PIM pocess in the key building and construction industries. Meanwhile Sideris will represent 3DM under license in the Eastern Mediterranean and the United Arab Emirates for all PIM applications. In the half to June, the company lost £700,000, an improvement from £4.4m in 2002. So 3DM remains speculative stuff, but the story is gathering momentum. Buy.
Market cap: £111m
PE Forecast: n/a
Share price: 178p
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