PR Newswire
London, November 12
Vela Technologies Plc ("Vela" or "the Company")
Investment in Portr Limited
12 November 2013
Vela Technologies plc is pleased to announce an investment of £50,000 by way of
a cash subscription for 32,136 new ordinary shares of 0.0001p each in Portr
Limited ("Portr"), being approximately 2 per cent. Portr's enlarged issued
share capital. Portr is a recently established technology-driven concierge
company which is launching a premium luggage transfer service targeting the
international business and leisure markets in London with operations planned to
commence at Heathrow Airport in Q1 2014. The new AirPortr™ service, designed to
enable customers to book luggage transfers between their destination airport
and hotels within the M25, employs leading-edge technology across its web
booking platform and logistics engine, integrated with a specialist airport
division of a leading same-day logistics company who will be managing and
delivering the white-glove AirPortr™ branded service. The consideration is
payable in 3 tranches of which £10,000 has been paid with two additional
tranches of £20,000 due by 31 December 2013 and 31 January 2014 respectively.
Non-Executive Chairman, Nigel Brent Fitzpatrick MBE commented:
"I am pleased to announce another technology driven investment in what could be
a valuable market opportunity. We understand Portr has received positive
responses from potential trade partners with internationally-recognised brands
and believe Heathrow is an ideal platform to launch AirPortr™ . We look forward
to keeping Shareholders informed of progress".
Further information is available on the Portr website at www.portr.com .
For further Information:
Brent Fitzpatrick, Non-Executive Chairman e-mail brent@lowwave.co.uk
Antony Laiker, Director 0207 330 1885
Vela Technologies plc
ZAI Corporate Finance, Nomad Tel 020 7060 2220
Peter Trevelyan-Clark/
Tim Cofman/Wei Wang
Peterhouse Corporate Finance, Broker Tel 020 7469 0932
Eran Zucker
About Portr Limited:
Portr Limited is a technology driven concierge company which has developed a
new service, AirPortr™, enabling customers to book luggage transfers between
their destination airport and hotel. Portr employs leading-edge technology
across its web booking platform and logistics engine. The service is designed
to give the customer more time in their day, reduce stress and alleviate the
physical burden of travelling to and from the airport with luggage. It will
predominantly be targeted at those travelling to the UK on international
business and leisure and is planned to launch at London Heathrow Airport in
early 2014. The company will have concierge teams and high technology tablet
based self-service check-in stations across all terminals, combined with RFiD
membership cards and permanent bag tags for frequent travellers, providing a
quick and seamless luggage drop and collection process.
The company has developed proprietary technology for a fully-responsive booking
platform which is integrated with a specialist airport division of a leading
same-day logistics company who will be managing and delivering the white-glove
AirPortr™ branded service. Users will be able to access features such as
real-time GPS tracking of their luggage and driver profiles ensuring a modern
personalised service. The platform will be connected with a number of trade
distribution channels through which the service will be promoted including
airlines, hotels, travel agents, global concierge companies and a number of
public and private transport companies.
