BioCote Limited Update

RNS Number:1742M
Flintstone Technologies PLC
11 June 2003


Embargoed release: 0700hours 11th June 2003


                          Flintstone Technologies Plc
                        ("Flintstone" or "the Company")


                               BioCote Update


The Board of Flintstone Technologies PLC, the AIM listed technology
commercialisation company which sources the majority of its investments from
Russia, announces today that BioCote Limited ("BioCote") one of the companies in
its portfolio has received a further investment of #375,000. Following this
investment Flintstone retain a 31.5% interest in Biocote.


BioCote licenses the formulation and use of BioCote which is a patented,
affordable, new and unique antibacterial powder coating that inhibits the growth
of bacteria - some potentially lethal - on metal and wood surfaces. The powder
coating incorporates an active agent that inhibits the growth of micro-organisms
such as the antibiotic resistant 'superbug' MRSA.


The investment was raised from a single private investor who purchased 13.5% of
Biocote's shares at #1.25 per share. This follows the #425,000 raised in October
2002 through private investors and Flintstone's debt to equity conversion.



Glyn Hirsch, Chairman of Flintstone commented,


"I am very pleased to see BioCote receive this further funding which will
facilitate the planned expansion of the sales and marketing team. The expansion
will provide the Biocote team with the resources to take full advantage of the
growing demand for their patented powder coating while at the same time enabling
them to exploit fully the numerous commercial applications within the scope of
the Biocote technology. This is an exciting time for Biocote and I look forward
to seeing them fulfilling their potential"


BioCote signed their first commercial licence towards the end of 2002 and are
now on course to sign their 15th licence by the end of July.



For further information please contact:

David Chestnutt                         Tel: [phone]
Flintstone Technologies                 www.flintstoneplc.com
                                        -----------------------
Chief Executive

Andrew Tan / Brigitte Atkinson          Tel: [phone]
Hansard Communications                  [e-mail]
                                        --------------------------------
                                        www.hansardcommunications.com


Notes to Editors:-

Flintstone Technologies plc joined the AIM market in June 2002 raising #5.4
million at the same time. The Group brings a number of management skills to its
investments, such as intellectual property verification and transfer, commercial
audits, industrial evaluation, fund raising, human resources and financial
expertise.


Flintstone's investments include:


BioCote: A range of anti- bacterial powder coatings for metal, wood and plastic
surfaces. This was sourced UK as it fitted Flintstone's portfolio.


Firestop: A range of non-brominated and halogen free flame-retardants for use
with plastics, textiles, wood and metal.


Hardide: A chemical process for creating super-hard tungsten carbide surfaces on
steels and other surfaces. The process can enhance the life of steel components
by a factor of 10.


Intellikraft: Next generation rechargeable batteries based on nano treatment of
advanced ceramic material.


Keronite: A process for creating hardened surfaces on aluminium, magnesium and
titanium.


Flintstone has sourced four further technologies. Like the existing portfolio,
the companies operate in the surface engineering and speciality chemicals
market.








                      This information is provided by RNS
            The company news service from the London Stock Exchange

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