Vela Technologies Regulatory News (VELA)

Vela Technology Plc ("Vela" or "the Company") Convertible Loan Investment in Delaware-based Stream TV Networks Inc. 1 October 2013 Vela Technologies plc is pleased to announce a minority investment of $100,000by way of Convertible Loan Note in Stream TV Networks Inc. ("Stream TV") aDelaware-based technology company. Stream TV (www.streamtvnetworks.com) was founded in 2009 to pursue newtechnologies that enhance user entertainment and communications experiences.Stream TV is currently seeking to launch Ultra-D™ (www.ultra-d.com), atechnology which allows TV and tablet manufacturers to convert two dimensional("2D") devices into three dimensional ("3D") devices without the need forviewing glasses (3D Auto Stereoscopic Display or 3D ASD). The Company'stechnology will allow real time automatic conversion of 2D or 3D content thatrequires viewing glasses to experience 3D into 3D ASD. Conversion can be eitherin real time at the home of the end-user by using an automatic converter forlive TV, Blu-ray® Disc or gaming system (e.g. X-Box™ or PlayStation®) content,or by the content owner before online/cable/satellite distribution as 3D VideoOn Demand. The Loan Notes will accrue simple interest at the rate of twelve (12%) per centannually until December 31, 2014 unless an IPO is concluded prior to this date,increasing at 1% for each six month period thereafter until the final maturitydate on 31 December 2015. The Loan and accrued interest convert to equity atvarious prices depending on when Stream TV conducts a Qualified IPO (asdefined). There are early repayment provisions in the case of certain strategicinvestments. Commenting on the investment, Nigel Brent Fitzpatrick MBE; "I am pleased to announce another investment in line with our objective tobuild a diverse range of potentially high growth technology investments,bringing the total amount invested to over £385,000 in the year to date. Ourinvestment in Stream TV represents a promising opportunity with the companybeing able to convert 2D to 3D at the point of the end user viewing or toimplement the technology at the point of production of lower cost 2D TV's. Thisprovides the ability to have 3D but without the glasses and for essentially allyour current video content. Most notably the end user can adjust the amount of3D that's suits them and the content they are watching. This could represent asignificant and valuable market opportunity. We understand that Stream TV havebuilt preproduction samples and are looking to have their first screens tomarket with converters later this year. We look forward to keeping Shareholdersupdated with Stream TV's progress. For further Information: Vela Technologies plc e-mail brent@lowwave.co.ukBrent FitzpatrickNon-Executive Chairman ZAI Corporate Finance, Nominated Adviser Tel 020 7060 2220Peter Trevelyan-Clark/Tim Cofman/Wei Wang Peterhouse Corporate Finance, Broker Tel 020 7469 0932Eran Zucker