Investment

Braveheart Investment Group plc
10 January 2008


10 January 2008

                        Braveheart Investment Group plc
                          ('Braveheart' or the 'Group')
                                        
                        Investment of £2 million in Pyreos

Braveheart (AIM: BRH), the technology commercialisation and investment
management company, announces that it has made an investment into Pyreos Ltd
('the Company') in partnership with Siemens Technology Accelerator (STA), a 100%
subsidiary of Siemens and the Scottish Venture Fund (SVF). The total value of
the investment is approximately £2 million.

Pyreos was formed in July 2007 in Edinburgh, and has been assigned patented IP
relating to infrared sensor materials and devices from Siemens AG, a leading
global electronics and engineering company based in Munich. The Company
continues to have a close working relationship with Siemens, which is helping it
bring to market and manufacture the Company's initial range of novel infrared
sensor array products.

The Company is set to release products targeted at the growing demand for
improved motion detection, infrared camera and spectroscopy products. This
represents an existing, global market opportunity estimated to be valued at over
£500 million by 2012.

The Company's passive infrared sensor array products offer performance
advantages over current infrared technology at an attractive price point that
can also enable the creation of a new range of lower priced infra-red products.

Early discussions with OEMs and system integrators have been positive, with a
number testing samples of the Company's first products for specific market
applications.

To date, Pyreos' progress has been backed by the Company founder's and by STA,
which commercialises technologies generated within Siemens with the intention of
bringing them to the external market. There is an IP transfer agreement in place
between Pyreos and STA and the transfer of the technology will take place over
the course of the next year.

The proceeds of this round of financing will allow the expansion of the
Company's technical and commercial operations as well as provide funds for
capital equipment to enable product prototyping and manufacturing development.

Commenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart,
said, 'We were delighted to work with STA and Pyreos, settling the new business
in Scotland. The global market for infrared detectors is set to grow
considerably, and we are confident that Pyreos will make an important
contribution to this market.'

Jeff Wright, Chief Executive and co-founder of Pyreos, added, 'We have worked 
closely with Braveheart and STA and SVF to put this round of funding in place, 
which will enable us to accelerate our Company's operations and bring our 
products to market in a timely manner.'

Rudolf Freytag, CEO of Siemens Technology Accelerator, said, 'In Scotland we
found the ideal mix of strong investors, an excellent management team, and the
right high-tech infrastructure to support a new technology company. We are
confident that the Pyreos technology will make an important difference in the
infrared detector and camera markets. Siemens continues to support Pyreos:
Christian Wiesinger, CFO of Siemens Technology Accelerator will continue in is
current role as a Non-Executive Director for Pyreos.

Neil Ross, Director of Scottish Enterprise's Scottish Venture Fund added,
'Scottish Enterprise's investment funds, in partnership with the private sector,
form the building blocks of funding packages for many Scottish businesses.
Pyreos is a great example of how the Scottish Venture Fund, alongside Braveheart
and STA, can help grow and retain exciting businesses in Scotland.'



For further information, contact:

Braveheart Investment Group         Tavistock Communications
www.braveheart-ventures.co.uk
Geoffrey Thomson                    Rachel Drysdale
Chief Executive                     Simon Hudson
Tel: [phone]                   Tel: [phone]
                                    [e-mail]

Pyreos                             Scottish Enterprise and Scottish Venture Fund
                                   www.scottish-enterprise.com/equity
Jeff Wright                        Ruth Andrew
Chief Executive                    Scottish Enterprise Corporate Communications
Tel: [phone]
                                   Neil Ross
                                   Director, Scottish Venture Fund
                                   Tel: [phone]
                                   [e-mail]

                                   Tel: [phone]

Notes to Editors

Braveheart was formed in 1997 by four Scottish businessmen as a co-investment
vehicle in order to pool their money and knowledge, increase diversification and
also reduce risk.

It makes investments in young, emerging, unlisted companies where there is
potential for significant growth, through the successful commercialistion of
their IP. Typically, Braveheart's investments are focused on British companies
with potential global technology solutions. However, the Group also maintains
limited exposure to more traditional businesses.

Braveheart's portfolio ranges from start-up companies to businesses which are
close to an IPO or sale. Each year out of several hundred business plans
received, around ten investments are made, all of which demonstrate attractive
exit potential. These opportunities emanate from Braveheart's network of
contacts, which includes the Group's own clients, and close relationships with
science parks and universities. Braveheart has formal relationships with seven
universities and two business parks, giving it unique access to IP and start-up
companies emanating from them.

About Siemens
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and
electrical engineering, operating in the industry, energy and healthcare
sectors. The company has around 400,000 employees (in continuing operations)
working to develop and manufacture products, design and install complex systems
and projects, and tailor a wide range of solutions for individual requirements.
For over 160 years, Siemens has stood for technical achievements, innovation,
quality, reliability and internationality. In fiscal 2007, Siemens had revenue
of €72.4 billion and income from continuing operations of €3.9 billion (IFRS).
Further information is available on the Internet at: www.siemens.com.

About Siemens Technology Accelerator (STA)
STA is a corporate venturing activity of Siemens AG with the focus on external
commercialization of innovative technologies of Siemens which are not turned
into products within Siemens itself. Routes to commercialization are spin-off,
licensing or sale. STA is a fully owned subsidiary of Siemens AG, a leading
global electronics and engineering company with headquarters in Munich, Germany.

Since the inception of STA in 2001, several companies have been spun off, Pyreos
is the third one in the UK. Others in the UK are Sphere Medical Holding Ltd
which is based in Cambridge and develops products for blood parameter
monitoring, and Axis Three Ltd, based in Belfast, which develops 3D solutions
for cosmetic and plastic surgery.

About Pyreos
Pyreos was founded by Edinburgh based entrepreneurs Jeff Wright, Scott Freeborn,
and Carsten Giebeler and Siemens Technology Accelerator in July 2007, to take
advantage of the growing opportunity for advanced infrared sensor array
technology, which has a significant role to play in environmental and security
related markets and products. The company aims to become a leading global
supplier of infrared sensor components based on the unique and patented
thin-film pyroelectric infrared technology that was acquired from Siemens. The
company's products are produced using semiconductor processes and can add value
to a range of products including motion detectors; using for reducing energy
consumption, flame detectors; used for improving industrial safety, portable
spectroscopy products used for environmental monitoring and infrared cameras
used in security and energy monitoring. The company is based at the Scottish
Microelectronics Centre in Edinburgh and has a number of development and
manufacturing partners within the UK and Europe helping bring its products to
market.

About the Scottish Venture Fund
The Scottish Venture Fund provides investments of up to £2m per transaction in
partnership with the private sector on at least a matched funding basis in
syndicated transactions, typically, between £2m and £10m. Further information on
Scottish Enterprise investments is available at www.scottish-enterprise.com/
equity.

About Scottish Enterprise
Scottish Enterprise is the main economic development agency for Scotland
covering 93% of the population from Grampian to the Borders. The Scottish
Enterprise Network consists of Scottish Enterprise and 12 Local Enterprise
Companies.  Working in partnership with the private and public sectors the
Network aims to build more and better businesses, to develop the skills and
knowledge of Scottish people, and to encourage innovation to make Scottish
business internationally competitive.  Further information on Scottish
Enterprise is available at www.scottish-enterprise.com




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