Oxford Technology Vent Cap Tst PLC
1 November 2000
Oxford Technology VCT has invested a further £25,040 in Coraltech Ltd, with half
being invested in return for 313 ordinary shares (representing about 2% of the
equity) and half in the form of a loan. The investment is part of a larger round
with other investors including Oxford Technology 2 VCT. This brings Oxford
Technology VCT's total shareholding in Coraltech Ltd to about 20%.
Coraltech Ltd has developed a novel, patent protected process for producing
moulded plastic components in which part of the component is solid and part is
foamed. This allows the production of a plastic component with both thick and
thin parts using less plastic than conventional methods resulting in a cheap,
lightweight yet strong product. The company is now beginning to secure licenses
for the use of its technology and the purpose of this investment is to allow the
company to continue to develop the technology and to investigate new markets.
For further information, please contact Oxford Technology VCT on 01865 784466