On 20 January 2012, the intellectual property, products, sales and certain contracts, goodwill and other assets of LMW Electronics Limited (“LMW”) (the “Business”) were transferred to Digital Barriers Services Limited (registered in England and Wales with company number 06883884 and its registered office at Enterprise House, 1-2 Hatfields, London SE1 9PG) (“DBSL”).  DBSL is a wholly owned subsidiary of Digital Barriers plc.

Under the terms of the transfer of the Business, DBSL shall market and sell the products of the Business (the “Products”), including to LMW’s existing customers.  Except where specifically agreed to the contrary by DBSL, LMW is no longer permitted to carry on the Business and sell the Products directly to its existing customers although any orders already placed with LMW will be honoured by LMW.

LMW will continue to provide manufacturing and repair services to DBSL following the transfer of the Business from its existing premises in Leicester, while seeking to broaden its business into a specialist contract manufacturing.

Both LMW and DBSL believe that this transfer will broaden the range of services and products available to LMW’s existing customers.