Alert Crowdfunding Campaign over 50% funded!
- Date: Wednesday 16th November 2016
£500,000 investment in ALERT FINALISED TODAY from Narec Capital Limited
Alert Technology Ltd's crowdfunding campaign received fantastic news today as institutional investment of £500,000 from Narec Capital Ltd (NCL) was finalised, taking the company to nearly 60% of its £1 million funding target on Crowdcube.
This injection of funds from NCL, alongside the generous support of Crowdcube's investors, bring Alert's crowdfunding investment campaign to nearly 60% funded. The company has a 14 day extension to its campaign so it may finalise a number of other ongoing conversations with interested potential investors.
The campaign on Crowdcube now closes on Wednesday 30th November 2016 so there is still time to invest in this life-saving real time warning technology which offers future users a risk reduction tool to help prevent prolonged exposure to airborne asbestos fibres.
The Asbestos ALERT is currently the only known warning device capapble of actually distinguishing between airborne asbestos and non-asbestos fibres in real time. Asbestos is a category 1 human carcinogen and one of the world'd deadliest industrial toxins. Responsible for over 107,000 deaths annually worldwide according to WHO and 5000 deaths a year in the UK says HSE (20 a week of which are tradesmen) which is more than the number of Brits killed in road accidents.
Despite being banned in many countries, some countries such as Canada, USA, China, Russia and India still actively use asbestos. Those who no longer do are left with the problem of dealing with legacy asbestos resulting from decades of extensive use in over 3000 products. Asbestos containing materials can be found in many UK domestic and commercial properties built prior to 1999, including an estimated 86% of UK schools.
The Asbestos ALERT was initially funded by the EU's FP7 programme and is currently at working proto-type stage. The company responsible for commercializing the ALERT range are Alert Technology Ltd who are looking to raise £1m on Crowdcube to help accelerate market entry for this potentially life saving new device that is relevant to over 30 different industry sectors around the world.
Jonathan Synett, Investment Director of NCL, who have committed as conrnerstone investor £500,000 to Alert Technology says...
"We are delighted to have concluded our investment in Alert Technology Ltd. Our ambition is always to invest in truly unique technologies which have the ability to disrupt markets on a global basis whilst having a positive impact on society."
"The Asbestos ALERT’s technology is a clear example of this. In investing in the company, we are backing a strong management team with a proven entrepreneurial track record, and as an investor with a focus on technology commercialisation, we will be able to support the team as the company develops.”
Alan Archer MD of Alert Technology Ltd, commented, “We are very pleased to have NCL as a part of our team at Alert. We have been working jointly towards this point for many months now and NCL have been unfaltering in their support, enthusiasm and belief in our technology and our company. Unlike other institutional investors, we know NCL will bring much more than just financial support to ALERT’s development and commercialisation. We are excited about our future and very happy NCL will be a part of it.”
Mr Archer commented, "Alert Technology and the future range of Asbestos ALERT devices represents a serious investment opportunity for the crowd. Serious not just because of the potential commercial opportunity it represents but serious also because it addresses a very real global health risk."
You can become a Crowdcube investor in Alert with as little as £10 but to obtain voting rights (A Shares) a minimum investment of £5,000 is required.
To find out more about becoming a shareholder in Alert Technology Ltd and a part of the company's future, please visit the pitch on Crowdcube for more information on the risks and potential rewards involved with investments of this nature. Capital at risk.
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).