New funding for growth in water monitoring technology
From left, Mark Reynolds (Investment Director,Pemberstone), Ray Harris (Investment Director, Catapult), Tony Halker (CEO,Intellitect Water) and Peter Bridge (Non-Executive Director, IntellitectWater).
Innovative monitoring instrumentation company, Intellitect Water has announced a funding injection of over £2 million to support rapid growth in sales of the company's unique drinking water monitoring technology.
The company's flagship product, the Intellisonde™ features up to 12 sensors in a tiny sonde head that inserts directly into a pipeline. It logs water quality data and provides remote access to the data through a variety of telecommunication options.
Uniquely, the Intellisonde™ technology offers utilities the ability to monitor water quality in the many thousands of miles of pipe that carry water to industrial and domestic consumers. This reduces the cost of water treatment, improves water quality and aids the management of water distribution networks.
Measurement options include Free Chlorine, Total Chlorine, Mono-chloramine, Dissolved Oxygen, Conductivity, pH, ORP/Redox, Flow, Pressure, Temperature, Turbidity and Colour. Importantly, none of these requires membranes or reagents for operation and the sondes can be deployed for long periods without the need for frequent recalibration or maintenance.
Commenting on the new funding requirement, Intellitect Water CEO Tony Halker says, "Intellisondes™ have been trialled successfully both in the UK and overseas, and we are now expanding the capacity of our sales department and ramping up production capability in order to be able to meet the needs of the market."
The new funding is comprised of capital from existing investors in addition to a £1 million commitment from Catapult Venture Manager, which specialises in SME technology businesses with rapid growth potential. Catapult's Investment Director Ray Harris says, "We are excited to become involved with Intellitect Water as the company moves from the development stage to growth. This business has a strong management team and the products have been extremely well received in the target markets, so the prospects for the future look very good."
Short Takes – 11-21-24
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