Fuel for Thought

  • £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.”

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment

Digital Edition

Petro Industry News Buyers Guide 2020

January 2020

In This Edition Fuel For Thought - Successful JASIS sees Tanaka announce appointment of new general manager - USA appointments underpin Signal Group growth plan - Leading European sensor tr...

View all digital editions


International Petroleum Week

Feb 25 2020 London, UK


Feb 25 2020 Lagos, Nigeria

SIAF Guangzhou

Feb 26 2020 Guanghzou, China


Feb 26 2020 Targi Kielce, Poland

View all events