Business
Further investment in Design
Further investment in Design.
About this update from Truetide Plc
[{"type":"text","content":"\n RNS Number : 1445A Braveheart Investment Group plc 27 January 2011 \n \n\n27 January 2011\n \n \n \n \nBraveheart Investment Group plc \n \nFurther investment in Design LED Products Ltd \n \nBraveheart (AIM: BRH), the investment management and technology commercialisation company, ('Braveheart' or 'the Group') has made a third investment into Design LED Products Ltd ('DLP' or 'the Company'). The £1.1 million funding package comprised funds from Braveheart clients, Siemens AG, Scottish Enterprise's Scottish Co-investment and Portfolio Funds, as well as from existing shareholders and private individuals.\n \nDLP has developed and patented technology to embed Light Emitting Diodes (LEDs) within printed light-guide devices. This enables thin, flexible, high efficiency light panels and displays suitable for a range of applications from consumer electronic devices to large area LED lighting and LCD TV backlighting. The Company was formed in 2004 and is based in Livingston, Scotland.\n \nSince its last round of funding in 2006, DLP has been adopting a twin approach of securing commercial revenue from its custom light-guide business, and undertaking research and development work to enhance the Company's proposition in professional lighting and LED TV backlighting. It was this development activity which attracted the interest of Siemens' Technology-to-Business Center ('TTB'). TTB invests in early stage technology companies whose inventions or innovations could have a significant impact on the future business of Siemens, including Siemens Group company OSRAM - a leading global lighting and LED supplier.\n \nDLP aims to enter the high growth lighting and LCD TV backlighting market where it will seek to displace traditional and emerging LED technologies. Prototypes have already been shown to key participants in these markets with encouraging feedback.\n \nMeanwhile, the Company's existing backlighting technology is delivering increasing commercial revenue and has been embedded into several applications available in the market today. Other opportunities exist with light-guide applications including human machine interfaces, automotive lighting and medical devices.\n &...