IPSol Energy successful fund raising

12 October 2011

IPSO Ventures plc

IPSol Energy successful fund raising

IPSO Ventures plc ("IPSO"), the creator of commercial value from technology, is delighted to announce that its portfolio company, IPSol Energy Limited ("IPSol Energy") has raised a further £265,000 to fund the expansion of its business.

IPSol Energy provides business and technical solutions to the Solar Photovoltaic ("PV") market with an initial focus on testing services. It has established the UK's first accredited commercial PV module testing facility in Nottingham, providing manufacturers and installers of solar PV modules with third party accreditation and validation of their products.

Following this fund raising IPSO has a 27.3% shareholding in IPSol Energy which is now valued by IPSO's management at £459,000, based on the price at which the new shares have been allotted, an increase of £111,000 compared with the value as at 30th April 2011.

Craig Rochford, Chairman of IPSO said: "We are very pleased that IPSol Energy has been successful in securing additional financial support to expand its business."

Peter Khoury, Chief Executive of IPSol Energy said: "Our success with this fund raising is testament to the fact that the IPSol team have exceeded the original expectations for the business."

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Notes to editors

Company description

IPSO Ventures plc is a business creator and active investor in new technologies, principally in the renewable energy and healthcare sector. Its experienced management team focuses on adding commercial value to enable young companies to move forward rapidly.