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  • £1 Million Funding Boost for Laser Monitoring Technologies

£1 Million Funding Boost for Laser Monitoring Technologies

Jul 30 2008 Read 1039 Times

Cascade Technologies (UK) has announced that it has secured an additional £1million of funding to develop further market opportunities.
The Univeristy of Strathclyde spin-out company drove the third round of funding alongside existing shareholders which includes Bank of Scotland Corporate, Braveheart Investment Group plc, Scottish Enterprise`s Scottish Co-investment Fund (SCF) and PUK Ventures. Cascade technologies has developed and patented the world`s first real-time technology for the detection, measurement and monitoring of gas emissions and explosives through its revolutionary use of quantum
cascade lasers.
In the past year Cascade`s technology has surpassed rigorous legislation requirements which has led to a sharp increase in sales throughout Europe and the USA.
The company`s security sensors have also undergone successful trials with the UK`s Home Office and Ministry of Defence. Iain Howieson, managing director of Cascade Technologies, said the new round of funding has been designed to support Cascade’s sales and marketing efforts as it builds its order book.
He added: “Cascade is in an exciting position to capitalise on the recent developments in trialling its technology and we are delighted to have sustained backing from our core investors. We look forward to taking more of our products to market and increasing our sales pipeline.”

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