NEWS RELEASE: TRI CAP SEALS DEAL WITH GAS SENSING SOLUTIONS

TRI Capital, the Borders-based business angel syndicate, has completed a £630,000 funding round - along with the Scottish Co-Investment Fund and SAT Systems – for existing portfolio company Gas Sensing Solutions (GSS). TRI Cap first invested in GSS as a start-up in 2006 and to date funding of circa £1,900,000 has been injected.

GSS has developed a unique patented low power consumption and high speed non-dispersive infra-red (NDIR) carbon dioxide (CO2) gas sensor – aligning with the requirements of high growth global markets for air quality monitoring & control and industrial safety. The company has an established manufacturing supply chain and a global distribution network, driven from its base in Cumbernauld.

Commenting on the recent funding package, TRI Cap chairman Rob Dick said: “TRI Cap members are please to continue their support for GSS. The company has shown itself to be both innovative and focused on meeting the needs of this highly specialised market.”

Alan Henderson, GSS sales & marketing director said: “The company is poised for significant growth and this funding will be used to strengthen current supply chain while ramping-up production and marketing of our product range. We also plan to extend GSS’s capability through development of a platform for methane gas sensing.“

GSS now has a team of 14, including Dr Des Gibson, CEO & Chairman, Alan Henderson Sales & Marketing Director, Calum MacGregor Operations/ Engineering Director and John Burgon Investment/ Financial director and TRI Cap board member.

 

END

16 August 2011

Issued on behalf of TRI Cap by Eileen Prior, PR Consultant.
For further information contact Eileen Prior on 07802 180412, or email priorpr@btinternet.com

 

Visit www.tricapital.co.uk for more information.


 

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