Vela Technologies Regulatory News (VELA)

Vela Technologies Plc ("Vela" or "the Company") Investment in Portr Limited 12 November 2013 Vela Technologies plc is pleased to announce an investment of £50,000 by way ofa cash subscription for 32,136 new ordinary shares of 0.0001p each in PortrLimited ("Portr"), being approximately 2 per cent. Portr's enlarged issuedshare capital. Portr is a recently established technology-driven conciergecompany which is launching a premium luggage transfer service targeting theinternational business and leisure markets in London with operations planned tocommence at Heathrow Airport in Q1 2014. The new AirPortr™ service, designed toenable customers to book luggage transfers between their destination airportand hotels within the M25, employs leading-edge technology across its webbooking platform and logistics engine, integrated with a specialist airportdivision of a leading same-day logistics company who will be managing anddelivering the white-glove AirPortr™ branded service. The consideration ispayable in 3 tranches of which £10,000 has been paid with two additionaltranches of £20,000 due by 31 December 2013 and 31 January 2014 respectively. Non-Executive Chairman, Nigel Brent Fitzpatrick MBE commented: "I am pleased to announce another technology driven investment in what could bea valuable market opportunity. We understand Portr has received positiveresponses from potential trade partners with internationally-recognised brandsand believe Heathrow is an ideal platform to launch AirPortr™ . We look forwardto keeping Shareholders informed of progress". Further information is available on the Portr website at www.portr.com . For further Information: Brent Fitzpatrick, Non-Executive Chairman e-mail brent@lowwave.co.uk Antony Laiker, Director 0207 330 1885 Vela Technologies plc ZAI Corporate Finance, Nomad Tel 020 7060 2220 Peter Trevelyan-Clark/ Tim Cofman/Wei Wang Peterhouse Corporate Finance, Broker Tel 020 7469 0932 Eran Zucker About Portr Limited: Portr Limited is a technology driven concierge company which has developed anew service, AirPortr™, enabling customers to book luggage transfers betweentheir destination airport and hotel. Portr employs leading-edge technologyacross its web booking platform and logistics engine. The service is designedto give the customer more time in their day, reduce stress and alleviate thephysical burden of travelling to and from the airport with luggage. It willpredominantly be targeted at those travelling to the UK on internationalbusiness and leisure and is planned to launch at London Heathrow Airport inearly 2014. The company will have concierge teams and high technology tabletbased self-service check-in stations across all terminals, combined with RFiDmembership cards and permanent bag tags for frequent travellers, providing aquick and seamless luggage drop and collection process. The company has developed proprietary technology for a fully-responsive bookingplatform which is integrated with a specialist airport division of a leadingsame-day logistics company who will be managing and delivering the white-gloveAirPortr™ branded service. Users will be able to access features such asreal-time GPS tracking of their luggage and driver profiles ensuring a modernpersonalised service. The platform will be connected with a number of tradedistribution channels through which the service will be promoted includingairlines, hotels, travel agents, global concierge companies and a number ofpublic and private transport companies.