Firm behind compressor thinking big
An Edinburgh- based company behind a revolutionary compressor design is looking to raise £ 3 million as it gears up for volume production.
Industry disruptor Vert Technologies is embarking on an equity funding process to accelerate the development of its technology in new markets. The firm is behind a conical rotary compressor ( CRC) that is fully proven and patented.
The move towards volume production is driven by the CRC technology’ s traction with manufacturers, including those in the refrigeration and hand tool sectors, that are developing new designs that incorporate the air compressor technology.
Vert, formerly Vert Rotors, is already working with a raft of firms and the expectation is that several will reach volume sales or licensing stage by the end of 2021. Chiefexecutive Phil Harris said the investment would form a critical part of rapidly bringing original equipment manufacturer ( OEM) designs with embedded CRC technology to the market. “The longer- term value of the crc technology will be driven by the strength of market pull from OEMS who want to embed the CRC technology in their own products,” he said.
“This stage of funding will accelerate the delivery of the OEM specific designs we are already working on and allow us to develop low-cost, high volume manufacturing techniques that can produce the numbers of units that the OEMS require.
“For this reason, we believe Vert and its CRC technology is a highly attractive opportunity for investors looking for medium- term capital growth potential. The company combines patented and proven technology along with an experienced management team that is rapidly developing strong OEM relationships .”