Small-cap tech names delivered a run of commercial progress on Wednesday, from expanding industrial AI deployments to fresh satellite chip orders and automotive contract wins, even as broader macro caution kept a lid on some share reactions. Recurring revenue growth and follow-on business featured heavily, underscoring a theme of deepening customer relationships rather than one-off wins.
IntelliAM deepens Mars UK footprint with Wrigley rollout
IntelliAM AI (LON:INT) extended its relationship with Mars UK, adding Wrigley to the growing list of Mars sites now using its industrial AI platform. Chief executive Tom Clayton said the company was "delighted" that Wrigley had joined the roster, framing the expansion as evidence of deepening trust from an existing blue-chip customer rather than a fresh customer win. Despite the positive news, IntelliAM shares fell 8.42% to 75.0p, a reminder that contract news does not always translate into immediate share price support.
Skillcast holds guidance as recurring revenue rises 15%
Skillcast Group (LON:SKL) reported trading in line with expectations, with annual recurring revenue climbing 15% on the back of new client wins and upsells to existing customers. Chief executive Vivek Dodd said the growth rate matched guidance issued back in April, but flagged that "political and economic uncertainty, both at home and abroad, has continued to slow decision-making" among prospective clients. Shares in Skillcast slipped 2.22% to 44.0p on the update.
EnSilica secures repeat orders for satellite chip
EnSilica (LON:ENSI) announced follow-on orders for its ENS92040 satellite chip, which the company said marks a further step towards full production. Chief executive Ian Lankshear said the repeat business "demonstrate continued commercial momentum" for the device and represents "another important milestone" in its path to market. EnSilica shares edged up 1.14% to 79.9p in response.
Seeing Machines lands European automotive monitoring deal
Seeing Machines (LON:SEE) secured a new contract in Europe for its in-cabin driver monitoring technology, adding to its automotive customer base. Chief executive Paul McGlone said the industry is "transition[ing] from early adoption to broader deployment of camera-based in-cabin sensing," positioning the win as part of a wider shift toward mainstream rollout of the technology. Seeing Machines shares rose 3.67% to 4.7275p on the news.
