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Braveheart Investment Group plc

16 December 2021

Reach - a non-regulatory announcement

16 December 2021

Braveheart Investment Group plc

("Braveheart" or the "Group")

Update re. PhaseFocus Holdings Limited

PhaseFocus has developed a series of patented computational imaging techniques that have a wide range of applications including live cell imaging, engineering metrology and electron microscopy. The research work and testimonials from the Francis Crick Institute, Huntsman Cancer Institute and universities of St Georges (London) and York give an insight to why Livecyte(TM) leads the market in cell imaging (https://phasefocus.com/resources/customer-testimonials).

Its distribution agreement with Swedish bio-convergence company BICO Group AB is now providing an excellent platform for driving sales growth across the EU and USA. BICO's CYTENA division is promoting Livecyte(TM) very strongly in its markets, https://www.cytena.com/livecyte/ with considerable success, and this month, PhaseFocus will ship three Livecyte(TM) cell imaging systems to CYTENA, destined for world leading research centres in the EU and USA. Demonstrations to public health laboratories by CYTENA are ongoing and the potential sales pipeline for 2022 is growing.

Following the recent sale of a Livecyte(TM) cell imaging system to St George's, University of London, PhaseFocus' UK distributor, Lablogic is targeting sales of Livecyte(TM) cell imaging systems to other UK's university-based researchers. A video of the Livecyte(TM) system working at St Georges University in London can be viewed here https://lablogic.com/life-sciences/instruments/phasefocus-livecyte.

Additionally, PhaseFocus' distributors in China, Japan, Australia and Italy are also experiencing good levels of enquiry.

PhaseFocus is planning to expand its Nottingham production facility in Q1 2022 to meet this anticipated demand.

 
   For further 
    information: 
 
                      Braveheart Investment Group plc              Tel: 01738 587555 
                      Viv Hallam, Executive Director 
 
                      Allenby Capital Limited (Nominated Adviser   Tel: 020 3328 5656 
                       and Joint Broker) 
                      David Worlidge / James Hornigold 
 
                      Peterhouse Capital Limited (Joint Broker)    Tel: 020 7469 0936 
                      Heena Karani / Lucy Williams

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December 16, 2021 02:00 ET (07:00 GMT)

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