7th Apr 2008 07:00
Braveheart Investment Group plc07 April 2008 For release 07.00, 7 April 2008 Braveheart Investment Group plc ("Braveheart" or the "Group") INVESTMENT IN CONJUNCT LTD ("the Company") Braveheart (AIM: BRH), the technology commercialisation and investmentmanagement company, announces that it has invested £300,000 in Conjunct Limited.Braveheart led the funding round alongside investors LINC Scotland and ScottishEnterprise's Co-Investment Fund. Founded in 2003, as a start-up from Heriot-Watt University, Conjunct wasestablished to commercialise disruptive technology for short range, high-speedoptical communications. The Company has developed technology specifically forthe datacoms market, the size of which has typically been restricted due to thehigh cost and specification of components. Conjunct's Fibre-Lyte technology aimsto significantly increase performance over existing copper-based systems. This funding will enable Conjunct to focus on fully developing its Fibre-Lytetechnology which will be licensed to a range of industrial partners. It willalso be used to embed the Fibre-Lyte technology in a range of value addedproducts. Discussions are already underway with a number of potential customers. Commenting on the investment, Geoffrey Thomson, Chief Executive of Braveheartsaid, "We are delighted to be investing in a Company with such an impressiveproprietary technology. Conjunct has designed products, which will providesignificant benefits to connections for optical communications across thedatacoms market. Over the past five years the Company has built an impressiveBoard of advisers and secured initial early stage funding. We are pleased to besupporting them through this, the next stage in their growth and development." Ken Allstaff, Chief Executive of Conjunct, said; "We have reached a new phase inour product development and are very gratified that Braveheart are now on boardas an investor and adviser. They have an outstanding track record in supportingearly stage technology companies and we are confident that with their backing wecan accomplish our potential as we commercialise our pioneering technology." For further information please visit www.braveheart-ventures.co.uk or contact: Braveheart Investment Group Tavistock Communications (for Braveheart)Geoffrey Thomson, Chief Executive Clemmie Carr / Simon HudsonTel: 01738 587555 Tel: 020 7920 [email protected] [email protected] Conjunct Ltd.Ken AllstaffChief Executive OfficerTel: 01887 [email protected] Note to Editors Braveheart was formed in 1997 by four Scottish businessmen as a co-investmentvehicle in order to pool their money and knowledge, increase diversification andalso reduce risk. It makes investments in young, emerging, unlisted companies where there ispotential for significant growth, through the successful commercialisation oftheir IP. Typically, Braveheart's investments are focused on British companieswith potential global technology solutions. However, the Group also maintainslimited exposure to more traditional businesses. Braveheart's portfolio ranges from start-up companies to businesses, which areclose to an IPO or sale. Each year out of several hundred business plansreceived, around ten investments are made, all of which demonstrate attractiveexit potential. These opportunities emanate from Braveheart's network ofcontacts, which includes the Group's own clients, and close relationships withscience parks and universities. Braveheart has formal relationships with sevenuniversities and two business parks, giving it unique access to IP and start-upcompanies emanating from them. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Braveheart Investments