Investment

Braveheart Investment Group plc
03 May 2007



3 May 2007


                        Braveheart Investment Group plc
                         ('Braveheart' or the 'Group')

              Alpha EIS Fund invests in Edinburgh Robotics Limited


Braveheart (AIM: BRH), the technology commercialisation and investment
management company, announces that it has made its fourth investment from its
Alpha EIS Fund. The Group and its investors have invested approximately £250,000
in Edinburgh Robotics Limited ('ERL'), a spin-out from the University of
Edinburgh's School of Informatics.

The investment is Braveheart's second into ERL and has been made to enable it to
further develop its software development platform, DevBot, which provides mobile
robot developers with a comprehensive base for developing sophisticated mobile
robotic applications quickly and cost effectively.

In 2005, ERL also received a £50,000 SMART Award to develop a software
development platform for mobile robotic devices and this was matched with funds
from Braveheart's SMART Equity Scheme in February 2006.

ERL is finalising an evaluation version of the DevBot platform for marketing
purposes and an initial marketing exercise has established interest in the
automotive, agricultural and entertainment industries.

Mobile robots are small autonomous or remote control vehicles that consume
little power and have no cables. A mobile robot comprises a motor and sensors
and is controlled by a small on-board computer. Current commercial applications
include automated vacuum cleaners, lawnmowers and exploration vehicles, with
many more in the pipeline. DevBot is currently the only known software platform
for mobile robots which provides everything needed to enable customers to
develop innovative software for mobile robotics hardware themselves.

Commenting, Chief Executive of Braveheart, Geoffrey Thomson, said, 'The mobile
robotics sector is an emerging market and ERL is concentrating on bringing a
product to this market which concentrates on established industrial markets.
This investment will ensure that the company is well placed to meet growing
demand for robotic development platforms and enable it to target key sectors,
with a view to the DevBot platform becoming the de facto standard.'

Nils Roeder, Chief Technical Officer at Edinburgh Robotics, added, 'Mobile
robotics is a highly specialised and exciting field, in which we are making
progress in not only R & D, but also commercial product development. ERL is
rapidly and cost effectively developing its state of the art platform
technology, which has already come to the attention of international businesses
utilising robotics technology. This injection of funding from Braveheart and the
investment consortium backing the Alpha EIS fund will help to progress the
commercialisation of DevBot.'

The Alpha EIS Fund ('the Fund')

Established in December 2005, the £2.5 million Fund was set up as a tax
efficient vehicle to invest in early-stage, university spin out companies, rich
in intellectual property, with potential for significant growth, through the
commercialisation of their IP. The Fund is managed by Braveheart and
participants include Bank of Scotland Corporate, Scottish Enterprise, and
Braveheart's own clients. The Fund will deliver a minimum of ten EIS qualifying
investments, sourced through the Group's unique framework of strong formal
relationships with Scottish universities and business parks.

The Fund's made its initial investment of £250,000 into Design LED Products in
June 2006.


                                     -Ends-


For further information, please contact:

Braveheart Investment Group                                    Tel: [phone]
Geoffrey Thomson, Chief Executive           

Tavistock Communications                                      Tel: [phone]
Richard Sunderland/Rachel Drysdale/Simon Hudson        [e-mail]

Edinburgh Robotics                                            Tel: [phone]
Nils Roeder/Joe Halliwell                              www.edinburghrobotics.com




                      This information is provided by RNS
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