Fundraising
2003年10月1日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
RNS Number:3760Q
Flintstone Technologies PLC
01 October 2003
Embargoed Release: 0700hrs 1st October 2003
Flintstone Technologies Plc
("Flintstone")
Hardide Raises a further #383,000
Flintstone is pleased to announce that Hardide Ltd ('the company'), the company
that produces a unique ultra hard, abrasion and chemically resistant Tungsten
Carbide coating for use with steel and other alloys, has raised a further
#383,000 investment. Flintstone, a major shareholder in Hardide, supported the
fund raising and following the closing of this offer now owns 45.62% of the
company.
This latest placing brings the total amount raised to #1.983million and marks
the final closing of the Hardide fundraising. As previously stated the funding
is to be used for the ongoing expansion at the company enabling it to satisfy
the current growing demand for the Hardide technology.
In line with this strategy the company has taken occupancy of its new 8500 sq ft
premises in Bicester where a new CVD (Chemical Vapour Disposition) furnace has
been successfully installed and is at present being commissioned. Concurrently,
the company has also moved its original furnace into the new factory to ensure
operational capacity is maintained.
For further information please contact:
David Chestnutt Tel: 0151 706 0626
Flintstone Technologies www.flintstoneplc.com
---------------------
Chief Executive
Andrew Tan / Adam Reynolds Tel: 0207 245 1100
Hansard Communications andy@hansardcommunications.com
------------------------------
www.hansardcommunications.com
Notes to Editors:-
Flintstone Technologies plc joined the AIM market in June 2002 raising #5.4
million at the same time. The Group brings a number of management skills to its
investments, such as intellectual property verification and transfer, commercial
audits, industrial evaluation, fund raising, human resources and financial
expertise.
Flintstone's investments include:
BioCote: A range of anti- bacterial powder coatings for metal, wood and plastic
surfaces. This was sourced from the UK as it fitted Flintstone's portfolio.
Firestop: A range of non-brominated and halogen free flame-retardants for use
with plastics, textiles, wood and metal.
Hardide: A chemical process for creating super-hard tungsten carbide surfaces on
steels and other surfaces. The process can enhance the life of steel components
by a factor of 10.
Intellikraft: Next generation rechargeable batteries based on nano treatment of
advanced ceramic material.
Keronite: A process for creating hardened surfaces on aluminium, magnesium and
titanium.
UltraMotor: A regenerative, high-torque, high efficiency, direct drive DC Motor
For Light Electric Vehicles
Flintstone has sourced four further technologies. Like the existing portfolio,
the companies operate in the surface engineering and speciality chemicals market
This information is provided by RNS
The company news service from the London Stock Exchange
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