Sarantel Group PLC
18 May 2007
18 May 2007
Sarantel Group PLC
('Sarantel' or the 'Company')
Update on funding
The Board of Sarantel is pleased to announce that further to its announcement of
3 May that it is seeking further funds, its principal shareholders, Foresight
Venture Partners and MTI Partners, have confirmed their support. Discussions are
progressing on an equity fundraising to meet ongoing working capital needs.
A further announcement will be made in due course.
For further information please contact:
Sarantel Group PLC
Geoff Shingles, Chairman Tel: 01933 670 560
David Wither, Chief Executive
College Hill
Carl Franklin / Ben Way Tel: 020 7457 2020
Ambrian Partners
Tim Goodman Tel: 020 7776 6421
About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for
portable wireless applications including hand-held navigation, satellite radio
and laptop computers.
Sarantel's revolutionary ceramic filtering antennas offer dramatically improved
performance over existing antenna designs, resulting in a clearer signal, better
range and a 90 per cent reduction in the amount of signal radiation absorbed by
the body.
Because of their smaller size and higher capabilities, Sarantel's antennas
enable manufacturers to create innovative high-volume consumer products
incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio
and Bluetooth.
More information about the company is available at www.sarantel.com
This information is provided by RNS
The company news service from the London Stock Exchange