Amphion Innovations PLC Announces Additional Investment in Portfolio Companies.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Amphion Innovations PLC (AMP.L), the developer of technology and life sciences businesses, today announces that it has completed additional investments in its existing portfolio companies amounting to $2.23 million. An additional $500,000 has been invested in Motif Biosciences Inc. ("Motif") as part of an ongoing Series B financing. Motif is a population genetics Population genetics The study of both experimental and theoretical consequences of mendelian heredity on the population level, in contradistinction to classical genetics which deals with the offspring of specified parents on the familial level. company working to identify the genetic causes of major diseases by working with a unique, rich, and defensible source of human genetic data from the Persian Gulf Persian Gulf, arm of the Arabian Sea, 90,000 sq mi (233,100 sq km), between the Arabian peninsula and Iran, extending c.600 mi (970 km) from the Shatt al Arab delta to the Strait of Hormuz, which links it with the Gulf of Oman. states. An additional $750,000 has been invested in AXCESS International, Inc. ("Axcess") (AXSI.OB) as part of an ongoing financing. Axcess provides radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) systems for physical security and supply chain efficiencies. An additional $980,000 has been invested in FireStar Software, Inc. ("FireStar") as part of an ongoing Series E financing. FireStar is a software company that helps institutions achieve efficiency in their business transactions with their clients. FireStar's flagship product EdgeNode is a complete interface solution for automating business transactions between companies. It is designed to support the unique needs of multi-enterprise process integration. These follow-on investments, made in line with the strategy of Amphion Innovations PLC ("Amphion") as outlined prior to its August 2005 admission to AIM, follow significant milestones achieved by each of its portfolio companies: --Motif has signed a Letter of Intent with the leading private hospital network in the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. (UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. ); filed a provisional patent covering its research; hired a leading population geneticist ge·net·i·cist n. A specialist in genetics. geneticist a specialist in genetics. geneticist and additional scientific staff, and completed three years of research and development work in the US and Gulf prior to beginning its sampling program in 2006. --Axcess announced its 4Q2005 revenue (calendar) would be significantly higher than 3Q2005, based upon the rapid increase in awareness of RFID following a WalMart supplier mandate. Axcess announced its turn-key Asset Activator(TM) RFID system for automatically locating, counting, and protecting enterprise assets such as IT equipment, test equipment, etc. Axcess' "semi-active" tag activation methodology was widely publicized in the trade press as the next wave RFID solution for enterprise tagging of personnel, assets and vehicles of all kinds, further supported by a fourth patent award. Axcess has also discussed in general terms a revolutionary new RFID product it plans to announce in detail and begin selling in 2006. --FireStar has announced the release of EdgeNode, a software product designed to simplify the integration of back-office transactions between multiple enterprises. FireStar also booked its first customer for EdgeNode and filed a broad patent for the technology, with detail examples of 17 different applications. FireStar continues to make good progress in its other market development and distribution efforts. Additionally, Raymond Mackenzie, formerly of Lazard Freres and Morgan Stanley, has been named to the Board of Directors. Richard C. E. Morgan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amphion, said: "Since Amphion's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in the summer of 2005, each of these portfolio companies has made strong progress. As such, we are confident in the outlook for each business and are therefore increasing our investment in all three companies." About Amphion Amphion Innovations plc recently listed on the AIM Exchange in London under the symbol AMP. Amphion's business is the formation, financing, management and development of life science and technology companies, working in partnership with corporations, governments, universities, and entrepreneurs seeking to commercialize their intellectual property. |
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