Reporter 450, 3 April 2000
Sound Alert Technology, a University spin-off company exploiting the patented Localizer device which enables people to locate the source of a sound in conditions of low visibility, has a market value of £14m. Its shares, traded on the unregulated Ofex market, are currently worth 27.5p.
The shares peaked at 45.5p shortly after their début in February, giving the company a market capitalisation of £21m. Its key product is the brainchild of physiologist Professor Deborah Withington, one of the company’s main shareholders, along with chairman Graham Cooper and technical director Jim Keane.
Further information is available on Sound Alerts web site:
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