The Company announces that in order to fund the investment activities in development of the TX6 transmission for production purposes ("B Sample"), an additional funding of €700,000 per month has been agreed with Quivest BV. This will enable the Company to complete the B Sample by the end of June 2010 as planned. This additional funding will be provided through to the end of December 2010 in order to complete the project.

As consideration for this additional funding facility, the Company will pay an upfront fee of 5%, being €245,000 in shares which has been settled today by issuance of 700,000 shares. Furthermore, the Company will also pay a fee of 2.5% on each amount of funding provided by Quivest, representing the extra €700,000 agreed funding as and when received by the Company.

The enlarged issued share capital of the Company now consists of 24,787,483 Ordinary Shares of 10 pence each.