Fuel for Thought
£1 Million Funding Boost for Laser Monitoring Technologies
Jul 30 2008
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 Cascadeâs sales and marketing efforts as it builds its order book.
He added: âCascade 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.â
Digital Edition
PIN 25.1 Feb/March
March 2024
In This Edition Safety - The technology behind the ION Science Tiger XT - Safety with ammonia and LOHCs as hydrogen carriers Analytical Instrumentation - Discussion on new tribology te...
View all digital editions
Events
Apr 28 2024 Montreal, Quebec, Canada
Apr 30 2024 Birmingham, UK
May 03 2024 Seoul, South Korea
May 05 2024 Seville, Spain
May 06 2024 Riyadh, Saudi Arabia