18th May 2007 07:00
Sarantel Group PLC18 May 2007 18 May 2007 Sarantel Group PLC("Sarantel" or the "Company") Update on funding The Board of Sarantel is pleased to announce that further to its announcement of3 May that it is seeking further funds, its principal shareholders, ForesightVenture Partners and MTI Partners, have confirmed their support. Discussions areprogressing on an equity fundraising to meet ongoing working capital needs. A further announcement will be made in due course. For further information please contact: Sarantel Group PLCGeoff Shingles, Chairman Tel: 01933 670 560David Wither, Chief Executive College HillCarl Franklin / Ben Way Tel: 020 7457 2020 Ambrian PartnersTim Goodman Tel: 020 7776 6421 About Sarantel Sarantel is a leader in the design of high-performance miniature antennas forportable wireless applications including hand-held navigation, satellite radioand laptop computers. Sarantel's revolutionary ceramic filtering antennas offer dramatically improvedperformance over existing antenna designs, resulting in a clearer signal, betterrange and a 90 per cent reduction in the amount of signal radiation absorbed bythe body. Because of their smaller size and higher capabilities, Sarantel's antennasenable manufacturers to create innovative high-volume consumer productsincorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radioand Bluetooth. More information about the company is available at www.sarantel.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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