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    Polaron complete Lightfactor and LightProcessor buyout
      Polaron plc, the AIM listed broad-based technology group, recently announced the acquisition of 100% of the share capital of Rossula Ltd, the holding company for Lightfactor Sales Ltd and LightProcessor Ltd - two leading UK entertainment products companies. The deal is worth £350,000 and is to be satisfied by £250,000 of cash and the balance by the issue of new Polaron shares.

      Mick Hannaford, the majority owner of Rossula, will continue to operate as a managing director for entertainment lighting within Polaron's controls division.

      Joe Stelzer, Chief Executive of Polaron plc, commented: "We are delighted with this acquisition which consolidates our leading position in the UK lighting controls market and will enhance our position as a key supplier of entertainment technology products. Lightfactor and LightProcessor will be integrated with our controls businesses, including the recently acquired iLight, and I envisage a number of significant synergies within the division. Following restructuring I expect this acquisition to be earnings enhancing and cash generative."