Further investment in Design LED Products

RNS Number : 6468M

Braveheart Investment Group plc

19 August 2011

 



19 August 2011

Braveheart Investment Group plc

Further investment in Design LED Products Ltd

Braveheart Investment Group (AIM: BRH)('Braveheart' or the 'Group'), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices,  announces that its portfolio company Design LED Products Ltd ('DLP' or 'the Company') has concluded a second close of funding of £639,000. This follows on from the £1.1 million investment round which completed in January 2011. In this second close new investors included members  of TRI Cap and Highland Venture Capital. Scottish Enterprise also made a further investment alongside a number of Braveheart clients.

DLP has developed and patented technology to embed light emitting diodes (LEDs) within printed light-guide devices. This enables thin, flexible, high efficiency light panels and displays suitable for a range of applications from consumer electronic devices to large area LED lighting and LCD TV backlighting. The Company was formed in 2004 and is based in Livingston, Scotland.

With the additional funding the Company aims to accelerate its plans to enter the high growth lighting and LCD TV backlighting market where it will seek to displace traditional and emerging LED technologies. Prototypes have already been shown to key participants in these markets with encouraging feedback.

Geoffrey Thomson, Braveheart's Chief Executive, said of the investment: "DLP has made good progress since the first close of the investment in January 2011 and we are delighted to see new shareholders supporting the company."

Stuart Bain, CEO of DLP, added: "We are pleased to conclude this follow on funding and to aggressively pursuing market entry with our priority applications."

For further information please visit www.braveheartinvestmentgroup.co.uk and www.designledproducts.com or contact:

Braveheart Investment Group	Design LED Products
Geoffrey Thomson, Chief Executive	Stuart Bain, Chief Executive
Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]
Seymour Pierce Limited (Nominated Adviser to Braveheart)	Allerton Communications (for Braveheart)
John Cowie (Nominated Adviser)	Peter Curtain
Jeremy Stephenson/Paul Jewell (Broker)	Tel: [phone]
Tel: [phone]	[e-mail]

Notes to Editors

Braveheart Investment Group makes and manages investments in young, emerging British companies, specialising in building tax efficient portfolios for business angels, high net worth individuals and family offices. Braveheart was founded in 1997 by a small group of investors to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Fourteen years on, Braveheart is a public company with a demonstrable track record in technology investing, an established client base and various funds under management.  The Group has offices in Perth, London, Yorkshire and Jersey with franchise operations in Dubai and Manchester.

Investments are made in unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with leading universities and innovation centres, Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently some 45 companies in Braveheart's diverse portfolio (includes all companies where the Group has a financial interest) and it has completed more than 90 deals.

Following the 2010 acquisition of Envestors Limited, the London based specialist corporate finance advisory business, Braveheart offers a unique and comprehensive suite of tax efficient products to high net worth investors.

 

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