Investment opportunity
Plasma Clean Ltd., a spin-out from
The company expects to start selling licensing agreements and subcontracted manufactured products in the first half of 2007 and is currently “in negotiations with several third parties in relation to non-exclusively licensing” the technology, according to a briefing on the company at the “Meet the Spinouts” conference organized by Library House and sponsored by Science|Business on 8 March.
The technology, protected by a range of patents, removes air pollutants such as microbes and chemical waste by using controlled plasma discharges to purify air, without losing efficiency over time.
Plasma Clean’s first product, targeted at odour and infection control in the home and healthcare sector, is currently undergoing test marketing and discussion for distribution. Evaluation programmes are also taking place for the development of volatile organic compounds and oil vapour removal in industrial applications. The company aims to become profitable in 2008 and hopes for a trade sale by the end of 2011.
Initial funding came from the Manchester Technology Fund, NESTA, Yorkshire Fund Managers and undisclosed institutional investors.
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