Business
Follow on investment in Conju
Follow on investment in Conju.
About this update from Truetide Plc
[{"type":"text","content":"\n RNS Number : 1416M Braveheart Investment Group plc 19 May 2010 \n \n\n19 May 2010\n \n \nBraveheart Investment Group plc\n(\"Braveheart\" or the \"Group\")\n \nFollow on investment in Conjunct Limited\n(\"the Company\")\nBraveheart (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.\n \nConjunct 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.\n \nBraveheart 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. \n \nThe proceeds of the financing will provide working capital for Conjunct to further develop the technology and launch the first product in its target markets.\n \nGeoffrey 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.\"\n \nKen 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\"\n \nFor further information please visit www.braveheartinvestmentgroup.co.ukor contact:\n \n\n\n\n\nBraveheart Investment Group plc\n\n\nTavistock Communications (for Braveheart)\n\n\n\n\nGeoffrey Thomson, Chief Executive\n\n\nSimon Hudson / James Midmer\n\n\n\n\nTel: 01738 587555\n\n\nTel: 020 7920 3150\n\n\n\n\[email protected]\n\n\[email protected] \n\n\n\n\n \n\n\n\n\n\n\n\nConjunct Ltd\n\n\[email protected]\n\n\n\n\nKen Allstaff, Chi...