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Investment in Conjunct Ltd


For release 07.00, 7 April 2008

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

Investment in Conjunct Ltd
(“the Company”)


Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that it has invested £300,000 in Conjunct Limited. Braveheart led the funding round alongside investors LINC Scotland and Scottish Enterprise’s Co-Investment Fund.

Founded in 2003, as a start-up from Heriot-Watt University, Conjunct was established to commercialise disruptive technology for short range, high-speed optical communications. The Company has developed technology specifically for the datacoms market, the size of which has typically been restricted due to the high cost and specification of components. Conjunct’s Fibre-Lyte technology aims to significantly increase performance over existing copper-based systems.

This funding will enable Conjunct to focus on fully developing its Fibre-Lyte technology which will be licensed to a range of industrial partners. It will also be used to embed the Fibre-Lyte technology in a range of value added products. Discussions are already underway with a number of potential customers.

Commenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart said, 'We are delighted to be investing in a Company with such an impressive proprietary technology. Conjunct has designed products, which will provide significant benefits to connections for optical communications across the datacoms market. Over the past five years the Company has built an impressive Board of advisers and secured initial early stage funding. We are pleased to be supporting them through this, the next stage in their growth and development.”

Ken Allstaff, Chief Executive of Conjunct, said; “We have reached a new phase in our product development and are very gratified that Braveheart are now on board as an investor and adviser. They have an outstanding track record in supporting early stage technology companies and we are confident that with their backing we can accomplish our potential as we commercialise our pioneering technology.”

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

Conjunct Ltd.
Ken Allstaff, Chief Executive Officer
Tel: 01887 820412
ken.allstaff@conjunct.co.uk

Note 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 opportunities emanate from Braveheart’s network of contacts, which includes the Group’s own clients, and close relationships with science parks and universities. Braveheart has formal relationships with seven universities and two business parks, giving it unique access to IP and start-up companies emanating from them.


Publisher Contact Information:

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

Company profile of Braveheart Investment Group
Past press releases of Braveheart Investment Group .

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