Last checked at 19 May 2010 07:00
19 May 2010
Braveheart Investment Group plc
("Braveheart" or the "Group")
Follow on investment in Conjunct Limited
("the Company")
Braveheart (AIM: BRH), the technology commercialisation and investment management company, today announces that it has led a further investment into Conjunct Limited. Scottish Enterprise's Scottish Co-investment Fund and LINC Scotland also invested alongside Braveheart and its clients, in the c£280,000 funding package.
Conjunct was formed in 2004 to address the ever-increasing need for higher-bandwidth and higher-speed optical data and communications transmission devices. The Company's proprietary integrated transceiver module, Fibre-Lyte is the world's smallest and most compact transceiver and has particular application in Active Optical Cables (AOC), data storage systems and in high data rate transceivers deployed in data communications.
Braveheart first invested in Conjunct in 2008. Since then the Company's product development has exceeded expectations and Conjunct now expects to have a 40Gbs product available for trials with a number of potential customers this year.
The proceeds of the financing will provide working capital for Conjunct to further develop the technology and launch the first product in its target markets.
Geoffrey Thomson, Chief Executive of Braveheart said;"Conjunct has made good progress since our initial investment and we are delighted to continue to support the Company with this funding."
Ken Allstaff, CEO of Conjunct added "This additional funding will allow us to bring Fibre-Lyte to a market which is driven by the insatiable internet, whose users continue to grow and who demand ever increasing data rates"
For further information please visit www.braveheartinvestmentgroup.co.ukor contact:
| Braveheart Investment Group plc | Tavistock Communications (for Braveheart) |
| Geoffrey Thomson, Chief Executive | Simon Hudson / James Midmer |
| Tel: 01738 587555 | Tel: 020 7920 3150 |
| gthomson@braveheart-ventures.co.uk | shudson@tavistock.co.uk |
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| Conjunct Ltd | ken.allstaff@conjunct.co.uk |
| Ken Allstaff, Chief Executive Officer | Tel: 01506 530015 |
Notes to Editors
Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. It was founded in 1997 by a small group of investors in order to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Thirteen years on, Braveheart is a public company with offices in Perth, London and Yorkshire, and a demonstrable track record in early stage technology investing as well as an established client base of high net worth individuals. Service offerings include bespoke EIS portfolios, fund management, investment facilitation and management services.
Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with a number of leading universities and innovation centres Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently around 30 companies in Braveheart's diverse portfolio and it has completed over 80 deals in its 13 year history.