Core Investee Update

RNS Number : 0916U

Blue Star Capital plc

08 October 2010

 



8 October 2010

Blue Star Capital plc

("Blue Star Capital" or "the Company")

Blue Star Capital, the AIM listed investment company focused on the Homeland Security sector is delighted to report that one of its core investee companies, Zimiti Limited, has today announced, an ongoing contract with BP to develop a low cost, highly effective and rapidly deployable system to protect both fixed and mobile assets from either accidental or malicious damage or theft.

Zimiti is expecting to deploy the first system with BP in the fourth quarter of 2011.

The system has numerous applications in both the commercial and defence sectors and can, for example, monitor tens of kilometres of borders or perimeters for months at a time and remain unattended.

This contract announcement is a milestone in the delivery of Blue Star Capital's strategy to invest in world-class technology companies where their technology has class-leading dual-use capability across both the defence and civilian sectors.

-End-

Blue Star Capital plc	020 7034 4980
Dr Richard Leaver
Panmure Gordon (UK) Limited	020 7459 3600
Edward Farmer/Callum Stewart
Square1 Consulting Limited	020 7929 5599
David Bick/Mark Longson

About Zimiti Limited (www.zimiti.com):

Zimiti Limited is a Cambridge based technology company which is developing secure, very low power, medium to long-range wireless communications networks using its proprietary protocols, data modules, know-how and intellectual property applied to critical infrastructure security; access control and border monitoring. It includes portable and robust wireless access control solutions for monitoring and control of security systems including electronic locks based upon its patented wireless technology platform.

 

END

 

 

NRAZMMGGRRMGGZG