13th Apr 2005 07:00
Tecteon PLC13 April 2005 Tecteon PLC Issue of Equity Tecteon PLC ("Tecteon" or "the Company"), a leading provider of voice quality,comfort listening and hearing protection technologies and solutions, announcesthat it has placed 10,000,000 new ordinary shares of 1p each at 3p per share toraise £300,000 before expenses. The funds raised will be used as workingcapital. Tecteon has a comprehensive suite of products and integrated solutions, in theform of voice quality software modules and software stacks. These products andsolutions are applicable to a number of sectors in the market requiring voicequality enhancements and comfort listening. This fundraising will allow Tecteonto implement a more aggressive commercialisation programme and enable it totarget several markets simultaneously. Amir Nooral, CEO of Tecteon commented: "The monies raised will allow us to increase our marketing effort and to protectour IP. As a technology company, Tecteon must continue to innovate and protectits intellectual property and some of the monies raised will be allocated toregister new patents for algorithms and solutions developed over the past 12months, as well as to follow up existing patents." Application has today been made for 10,000,000 new ordinary shares to beadmitted to trading on AIM. The new ordinary shares will rank pari passu withthe existing ordinary shares of the Company and dealings in the new ordinaryshares are expected to commence on 18 April 2005. 13th April 2005 For further information please contact: Amir Nooral, CEO, Tecteon PLC Tel: 020 8446 5005([email protected]) Michael Padley/Susan Scott, Bankside Consultants Tel: 020 7444 4140 Editors' Note About Tecteon PLC Established in mid 2001, with its head office in London, UK, Tecteon PLCdevelops and markets voice enhancement software technologies and algorithmsrunning on a range of DSP platforms. Tecteon technologies provide voice quality,comfort listening and hearing protection in wired and wireless voicecommunication systems, ranging from peripheral devices to telecom infrastructureequipment, examples include: Headsets (call centre, personal, police, pilots,military, fire-fighters), telephony (business, SMEs, residential), switches(PSTN, soft-switches, gateways), digital mobile radios, mobilephones, hands-free kits and AV conferencing units. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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