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Braveheart makes further investment in Spiral Gateway


For release: 07.00, 14 April 2008

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

Further investment in Spiral Gateway Ltd
(“the Company”)

Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that it has led a second funding round of £730,000 into Spiral Gateway Ltd. The Group invested alongside Imperial Innovations, Bank of Scotland Corporate and Scottish Enterprise’s Scottish Co-investment Fund.

Spiral Gateway was founded in 2004 as a spin-out from the University of Edinburgh and is focused on the development of a computer processing platform known as Reconfigurable Instruction Cell Architecture (‘RICA’); a method for processing multimedia, wireless and broadband computing tasks. Spiral Gateway is aiming to incorporate the technology onto silicon chips and will initially target the Image Signal Processing (‘ISP’) market. The ISP function is one which is required in every camera enabled mobile phone.

Spiral Gateway has agreed a licence with the University of Edinburgh for the exclusive rights to RICA and recently released a silicon-based demonstration of the technology. This has allowed management to advance discussions with potential customers in the ISP market.

This funding is designed to provide interim support for Spiral Gateway whilst it develops its technology and advances discussions with key commercial partners.

Commenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart said, 'RICA is an exciting processing platform that will appeal to numerous markets when fully developed. Spiral Gateway has recently strengthened its management team with the appointment of a new Chairman and CEO and we are pleased to be able to demonstrate our commitment to the Company with this funding. In addition, this is the first occasion where we have invested alongside Imperial Innovations and we are delighted to be working with them.”

Graham Townsend of Spiral Gateway commented, “Braveheart has an excellent background in supporting early-stage technology companies and we are pleased that they have recognised the continuing potential of our RICA technology. We are looking forward to strengthening our relationship with our investors as we develop our technology to a commercial level.”

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

Spiral Gateway
Graham Townsend, Chief Executive
Tel: 0131 472 4712
graham.townsend@spiralgateway.com


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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