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RNS Number : 2323Y

NXT PLC

20 December 2010

20 December 2010

HiWave Technologies PLC - formerly NXT PLC - announces

company name change

HiWave Technologies PLC ("HiWave" or "the Company"), the provider of electronic solutions for audio and haptics, announces that with immediate effect the company name NXT PLC is changed to HiWave Technologies PLC.

The change has been implemented as a key element of the Company's transition to a developer and vendor of components and modules that exploit its patented Bending Wave Technology. The transition commenced with a successful fundraising in October. HiWave is targeting the markets where high quality Human Interface is demanded, including hand-held computing and telecommunications, computer-centric music, automotive entertainment and control systems, and industrial and home automation.

Full details of HiWave's currently available product line-up, and the benefits of its technology can be found on its all-new web site at www.hi-wave.com.

The Company's Stock Exchange 'ticker' code will change to HIW on 21 December 2010. The financial year will also change to 30 September 2011, resulting in a 15 month period for the current financial year.

Chief Executive Officer James Lewis commented, "In today's world of converged consumer electronics and control systems, end-users need to employ all their senses to optimise the experience. Audio cues, voice prompts and tactile feedback each enhance the user's productivity. Consumers also deserve the best in audio entertainment, and HiWave's technology enables compelling user-experience at an affordable price."

For further information please contact:

HiWave Technologies PLC

 
 James Lewis, CEO   Tel: +44 (0)1223 598 490 
 

Singer Capital Markets Ltd

 
 Claes Spang   Tel: +44 (0)20 3205 7500 
 

Media enquiries:

Allerton Communications

 
 Peter Curtain   Tel: +44 (0)20 3137 2500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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