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Electronics Production | September 07, 2005

Pelikon raises £5 million

Cambridge Consultants spin-out company and display firm Pelikon Ltd. has concluded a funding round of £5 million.

Pelikon said that the money is intended to be used for listing on the investment market which will occur within 12 to 18 months. "Our current customers include companies with global reputations; including Universal Electronics Inc, Fossil and electrical appliance company Salton Inc.," said Mike Powell, chief executive officer of Pelikon, in a statement. "This new funding allows us to accelerate our growth curve while at the same time positioning ourselves for the possibility of an AIM listing in 12 to 18 months."
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