Business
Investment In Conjunct
Investment In Conjunct.
About this update from Truetide Plc
[{"type":"text","content":"\n Braveheart Investment Group plc\n07 April 2008\n\n\nFor release 07.00, 7 April 2008\n\n\n Braveheart Investment Group plc\n ('Braveheart' or the 'Group')\n \n \n INVESTMENT IN CONJUNCT LTD\n ('the Company')\n \nBraveheart (AIM: BRH), the technology commercialisation and investment\nmanagement company, announces that it has invested £300,000 in Conjunct Limited.\nBraveheart led the funding round alongside investors LINC Scotland and Scottish\nEnterprise's Co-Investment Fund.\n\nFounded in 2003, as a start-up from Heriot-Watt University, Conjunct was\nestablished to commercialise disruptive technology for short range, high-speed\noptical communications. The Company has developed technology specifically for\nthe datacoms market, the size of which has typically been restricted due to the\nhigh cost and specification of components. Conjunct's Fibre-Lyte technology aims\nto significantly increase performance over existing copper-based systems.\n\nThis funding will enable Conjunct to focus on fully developing its Fibre-Lyte\ntechnology which will be licensed to a range of industrial partners. It will\nalso be used to embed the Fibre-Lyte technology in a range of value added\nproducts. Discussions are already underway with a number of potential customers.\n\nCommenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart\nsaid, 'We are delighted to be investing in a Company with such an impressive\nproprietary technology. Conjunct has designed products, which will provide\nsignificant benefits to connections for optical communications across the\ndatacoms market. Over the past five years the Company has built an impressive\nBoard of advisers and secured initial early stage funding. We are pleased to be\nsupporting them through this, the next stage in their growth and development.'\n\nKen Allstaff, Chief Executive of Conjunct, said; 'We have reached a new phase in\nour product development and are very gratified that Braveheart are now on board\nas an investor and adviser. They have an outstanding track record in supporting\nearly stage technology companies and we are confident that with their backing we\ncan accomplish our potential as we commercialise our pioneering technology.'\n\n\nFor further information please visit www.braveheart-ventures.co.uk or contact:\n\nBraveheart Investment Group Tavistock Communications (f...