Norway's JumpIT plans to raise £10 million to help it bring new iPod products to market.

The company makes batteries for iPods, mobile phones and other devices, and hopes to raise the cash by having itself listed on the AIM stock exchange.

"Proceeds from the shares sale will help to finance the launch of a new rechargeable iPod battery in the UK, where JumpIT is in negotiations with a large retailer", said The Times.

Company CEO Halvor Isaksen told the Sunday Business Post: "We see a clear opportunity to enter new markets such as Asia, the UK and other European centres.