16 December 2013 Vela Technologies plc ("Vela" or the "Company") Investment Update - Portr Limited Portr Limited ("Portr") announces agreement with Heathrow Express Vela Technologies plc is pleased to announce that its investee company Portr Limited, which is looking to launch its AirPortr™ commercial luggage transfer service at Heathrow Airport in early 2014, has agreed underlying initial commercial terms with Heathrow Express, the premium express train provider linking Heathrow Airport and central London. The two companies have reached an understanding over the co-promotion of their services as a bundle to existing and new customers both domestically and internationally when Portr launches its AirPortr™ service in 2014. Portr and Heathrow Express are working together to deliver a unique and competitively priced service package which offers luggage-free travel between Heathrow Airport and central London. Additional benefits arising from the service package, which will predominantly target time-pressured business users, include greater cost efficiency and reduced carbon footprint when compared to taxis and other private transportation. The service package is expected to be marketed to passengers in line with Heathrow Express' `The smarter way' ethos and sold online via a fully integrated booking process allowing a customer to complete the purchase of their AirPortr™ luggage transfer and Heathrow Express ticket in one transaction. The partnership will enable Portr to reach a significant customer base with the combined service offering and provides both parties with an incremental revenue opportunity. Vela Technologies plc has a £50,000 2 per cent. shareholding in Portr. Ends For further Information: Brent Fitzpatrick, Non-Executive Chairman e-mail firstname.lastname@example.org Antony Laiker, Director 0207 330 1885 Vela Technologies plc ZAI Corporate Finance, Nomad Tel 020 7060 2220 Peter Trevelyan-Clark/Tim Cofman/Wei Wang Peterhouse Corporate Finance, Broker Tel 020 7469 0932 Eran Zucker About Heathrow Express Heathrow Express is a private company, which owns its own trains, the stations at Heathrow Airport and the entire below-ground section of the line between London Paddington and the Airport. The service, which was launched in 1998, has carried over 60 million people since it started and now carries an average of 16,000 customers a day. It is the fastest rail link from London to Heathrow, with a journey time of just 15 minutes to Terminals 1 and 3 and has been voted as Best Rail Operator (Business Travel Awards 2011) and Best Ground Transportation Europe (Business Destinations Magazine 2012). Heathrow Express has saved 204 million kg of carbon emissions since launch and offers customers a 54% reduction in carbon emissions over a taxi. END -0- Dec/16/2013 11:50 GMT
VELA TECHNOLOGIES PLC: Investment Update – Portr Limited
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