We’re raising investment on Crowdcube.
- Date: Tuesday 4th October 2016
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Become a part of our future by investing today.
We’re raising finance on Crowdcube, the world’s first and leading investment crowdfunding platform. Investing on Crowdcube is simple. All you need to do is sign up to Crowdcube’s investor community of more than 300,000 people. Registering is free, quick and has no obligations to invest. If you want to invest in Alert Technology Ltd and be part of our future you can invest from as little as £10.
Asbestos ALERT is ground breaking technology, and we believe the world’s first warning device that can actually distinguish between asbestos and non-asbestos fibres in real-time. Alert Technology (a spin-off of The Select Group of Companies) has already secured a cornerstone institutional investor and is looking to raise the balance of funds needed with a campaign on Crowdcube.
Alert’s patented*, disruptive technology has two models ready for rapid commercialization and is looking to raise a total of up to £2.5m equity investment over the next two years to fast track Alert’s global market launch, expand our team and to begin research and development on new industry specific models of ALERT.
Asbestos, a category 1 human carcinogen, which was banned in the UK in 1999 still poses a massive health risk and will do for years to come due to its extensive use across thousands of products. It is the world’s biggest occupational killer, claiming over 100,000 lives every year according to WHO – that’s 1 death every 5 minutes! Frighteningly, many countries such as the United States, Canada, Russia and China still have not banned its use.
"Legislation in the UK, Europe and Australia is moving towards greater monitoring, control and ultimately the safe removal of all asbestos so the market is ripe for new disruptive technology such as the Asbestos ALERT", says Alan Archer MD of Alert Technology Ltd. “Whilst ALERT will not eradicate the problem of asbestos, it will arm professionals with a warning device to help improve safety and reduce the risk of exposure for future generations.”
Developed initially by an EU funded consortium of experts including The Select Group, University of Hertfordshire and others - it was designed to be lightweight, portable, affordable and to rapidly detect local short-term increases in asbestos fibre concentrations resulting from mechanical abrasion. ALERT works by employing a laser-based technique that takes advantage of the magnetic properties of the mineral, recording the behaviour of particles measured to make an assessment of the probability of asbestos being present, to a statistical confidence level of 99%. It then warns the user of the risk of inadvertent exposure to airborne asbestos, allowing them to take immediate action to leave the vicinity or don a suitable protective breathing mask.
ALERT performed 100% successfully in back to back field trials with traditional testing methods detecting the presence of asbestos, or lack of, as well as traditional filter testing. Alert Technology aim to launch a limited number of sample units for more robust industry specific field trials in early 2017 followed by commercial launch later that year.
Please note there are risks to your capital as well as potential rewards associated with investments of this nature – full details of which are available at Crowdcube.com. Our campaign launches on 4th October until 1st November.
Investing involves risk and should be done only as part of a diversified portfolio. Investing equity in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Approved as a financial promotion by Crowdcube Capital Limited which is authorised and regulated by the Financial Conduct Authority (No. 650205).