3rd November 2002

A management buy-out team, comprising Chris Emerson (Managing Director), Paul Widdrington (Technical Director), and Steve Leicester (Finance Director) has acquired the business and assets of PAV Data Systems Limited for an undisclosed sum. The management team were advised by the Corporate Finance firm Dow Schofield Watts LLP.

PAV Data Systems was established in 1994 manufacturing Free Space Optical (FSO) systems. With offices in the UK , Middle East , Asia and Africa , PAV operates through an established distribution channel of quality resellers in delivering PAV product to market.

With an innovative product range, established sales channel and the new impetus created by the MBO, PAV is looking to take advantage of growing markets in developing countries where PAV already has an extensive installed base.

The management team, which has over 50 years experience within the computing and telecommunications industry, intends to broaden the technology and markets currently addressed.