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Further Investment in Cascade Technologies Ltd


For release 10 April 2008

Braveheart Investment Group plc
(“Braveheart” or the “Group”)

Further Investment in Cascade Technologies Ltd

Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that it has participated in a third round of financing for Stirling based Cascade Technologies Ltd (“Cascade”). This round of funding raised c. £1 million via a placing of new ordinary shares. Other investors in the round include PUK Ventures, Bank of Scotland Corporate and Scottish Enterprise’s Scottish Co-investment Fund.

Cascade was incorporated in 2003 to commericalise research from the University of Strathclyde. In 2004 it launched its range of laser systems and a gas sensor prototype, leading on to the production of its micro sensor in 2005. These lasers and sensors have a number of applications in the environmental and security markets. Prototypes have already been brought to market successfully.

Last year Cascade saw positive developments within both its environmental and security products that have enhanced its future sales potential. Its ‘Continuous Emissions Monitoring’ technology surpassed rigorous legislation requirements and secured a number of new sales contracts. In addition successful trials for its security sensors with the Home Office and MOD were completed. The success of these trials has substantially enhanced the routes to commercialisation for Cascade in Europe and the US.

Cascade has already demonstrated traction with its client base and sales are predicted to reach c. £4 million in the next financial year. The new round of funding is designed to support Cascade’s sales and marketing efforts whilst it builds its order book.

Commenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart said; 'We are delighted to be continuing our support of Cascade with this, the next stage of funding to support the Company’s sales and marketing drive. Cascade has developed pioneering sensor technology which has tremendous scope to create strong sales across Europe and further afield.”

Iain Howieson, CEO of Cascade, said; “Cascade is in an exciting position to capitalise on the recent developments in trialing its technology and we are delighted to have sustained backing from our core investors. We look forward to taking more of our products to market, and increasing our sales pipeline.”

For further information please visit www.braveheart-ventures.co.uk or contact:

Braveheart Investment Group
Geoffrey Thomson, Chief Executive
Tel: 01738 587555
gthomson@braveheart-ventures.co.uk

Tavistock Communications (for Braveheart)
Clemmie Carr / Simon Hudson
Tel: 020 7920 3150
ccarr@tavistock.co.uk

Cascade Technologies
Iain Howieson, Chief Executive
Tel: 01786 447721
i.howieson@cascade-technologies.com

Bank of Scotland Corporate
Steven Green
Tel: 0131 659 0889
Stephen_Green@bankofscotland.co.uk

PUK Ventures
Puneet Bhatia
Tel: 020 7273 8365
puneet.bhatia@pukventures.com

Scottish Co-Investment Fund
Andrea Young/Andrew Sloane
0141 228 2468/2787
Andrea.Young@scotent.co.uk/
Andrew.Sloane@scotent.co.uk


Notes to Editors

Braveheart was formed in 1997 by four Scottish businessmen as a co-investment vehicle in order to pool their money and knowledge, increase diversification and also reduce risk.

It makes investments in young, emerging, unlisted companies where there is potential for significant growth, through the successful commercialisation of their IP. Typically, Braveheart’s investments are focused on British companies with potential global technology solutions. However, the Group also maintains limited exposure to more traditional businesses.

Braveheart’s portfolio ranges from start-up companies to businesses which are close to an IPO or sale. Each year out of several hundred business plans received, around ten investments are made, all of which demonstrate attractive exit potential. These o


Publisher Contact Information:

Braveheart Investment Group
+44 1738 587555
gthomson@braveheart-ventures.co.uk

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