31st Aug 2007 07:01
Sigma Capital Group PLC31 August 2007 For Immediate Release 30 August 2007 SIGMA CAPITAL GROUP PLC Sigma leads follow-on investment in SFX Technologies Sigma Technology Venture Fund ("STVF"), a fund managed by Sigma TechnologyManagement Limited ("Sigma"), is pleased to announce the completion of a£1,155,000 funding round into SFX Technologies Ltd ("SFX"). This is the fourthinvestment round that Sigma has led for SFX and brings the total amount ofinvestment arranged by Sigma for SFX to £2,855,000. STVF invested £250,000 as lead investor alongside Charlotte Capital Limited,which invested £500,000, Scottish Enterprise's Scottish Co-Investment Fund,which invested £250,000 and a group of private individuals and management whoinvested a total of £155,000. SFX has developed a patented sound delivery technology called SFX Gel Audio.This technology transfers sound via a unique hydro-gel coupling to almost anysurface and in doing so, turns that surface into a loudspeaker panel. Thetechnology works with a very wide range of materials including glass, metal,wood, plastic and various composites. This means that potential applicationsrange from consumer electronics to industrial audio and architectural uses. This round of funding will be used to accelerate the commercial exploitation ofSFX Gel Audio. and to continue the development of the product range. Mark Hogarth, Investment Director at Sigma, said: "Sigma has now supported SFXas lead investor through four rounds of investment and we are delighted at theprogress the company has made. We are very pleased to welcome Charlotte Capitalas a co-investor at this round and are delighted to be joined, once again, byScottish Enterprise's Scottish Co-investment Fund." Guido Crolla, Chief Executive Officer at SFX, said: "We have had a veryproductive relationship with Sigma over a number of years. This latestinvestment comes at a time when SFX is making significant commercial progressand will enable the company to further accelerate the exploitation of itstechnology" ENDS ENQUIRIES:Sigma Capital Group plcMark Hogarth, Investment Director Tel: 0131 220 9444 Buchanan CommunicationsIsabel Podda Tel: 020 7466 5000 Arbuthnot Securities Tel: 020 7012 2000Alasdair Younie This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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