Business
Follow-on Investment in NXVis
Follow-on Investment in NXVis.
About this update from Truetide Plc
[{"type":"text","content":"\n RNS Number : 8251U Braveheart Investment Group plc 01 July 2009 \n \n01 July 2009\n\nBraveheart Investment Group plc\n('Braveheart' or 'the Group')\n\nFollow-on Investment in NXVision\n\nBraveheart (AIM: BRH), the technology commercialisation and investment management company, announces that it has led a follow on investment in NXVision ('the Company'). Investors in the c£250k funding round included Braveheart, Scottish Enterprise, LINC Scotland and the Company's own management. Braveheart first invested in NXVision (previously known as Inxstor) at seed stage in 2006.\n\nBased in Dunfermline, NXVision has developed technology for the place-shifting market. Place shifting allows the user to access audio and video content anywhere in the world from a mobile device, such as a laptop, mobile phone or personal media player by processing images and sound from home video equipment into digital signals and transmitting them to the new viewing location over the home internet connection. \n\nThe Company's first place-shifting product has been demonstrated and evaluated by a number of top tier operators. The demonstration allows the operators to access Freeview and satellite set top boxes ('STBs') remotely from personal computers, laptops and mobile phones over Internet Protocol either through the 3G or Wi-Fi networks. The company's technology now works with Apple iPhone/ iPod Touch, Nokia, Sony Ericsson, Motorola, LG, Google Android, RIM and Windows Mobile handsets. A new 'side-loading' product (Push TV) was also introduced to the market late last year, and this product allows programmes to be tagged for mobile recording through the EPG (Electronic Programme Guide eg Sky+) and once recorded the programme is transferred either via WiFi or 3G to a selected mobile device for viewing. \n\nCommenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart, said 'NXVision's place-shifting technology has created much interest in this rapidly emerging market and we are pleased to continue to support the company on its journey.'\n\nMark Smith, Chief Executive of NXVision added, 'This further funding, coupled with our rising profile in the marketplace, means we are now well positioned to secure significa...