TRI Cap Portfolio - Gas Sensing Solutions
First Investment May 2006
In June 2006, TRI Cap finalised a £625,000 deal with a high-tech business start up, Gas Sensing Solutions (GSS).
Described by TRI Cap member and now finance director of GSS, John Burgon, as a start-up global business, GSS is currently developing and testing its product range. Its technology and products remain under wraps but all involved are confident that GSS will swiftly become a market leader in its chosen fields.
January 2009
A further funding round involving 18 TRI Cap investors raises more than £300k, including match funding from the Scottish Co-Investment Fund.
This investment provides additional working capital, while the company continues further product development of its highly innovative carbon dioxide sensors.
December 2008
GSS is presented with a Highly Commended Certificate in recognition of their outstanding achievement in the 'Impact Through Innovation' category at the annual John Logie Baird Awards Gala Dinner held at the Glasgow Science Centre. GSS has continued to develop its technology, with an analogue output product and measurement range now extended to 100% Carbon Dioxide, now available. Its export markets are also growing, with GSS products now in use in a range of sectors in countries including China, Australia and New Zealand.
February 2008
Cumbernauld based Gas Sensing Solutions is shortlisted to win a Shell Springboard award of up to £40,000.
Gas Sensing Solutions Ltd’s low cost carbon dioxide sensors minimise energy consumption and improve air quality in air and heating systems installed in many locations including school classrooms and in–car air conditioning.
TRI Cap Contact: John Burgon
Number of TRI Cap Investors: 23
GSS Contact: Alan Henderson, MD
GSS, Cumbernauld, Glasgow
t: +44 (0)1236 781900
e: sales@gassensing.co.uk
www.gassensing.co.uk