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UNQUOTE
  • Early-stage

UK - Braveheart invests £1m in NiTech Solutions

  • sarah
  • 23 January 2007
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Braveheart Investment Group has invested approximately ТЃ1m in NiTech Solutions Ltd, a spinout company from Heriot Watt University, which has developed a patented mixing technology for process industries. The investment includes monies from the Scottish Co-investment Fund, a ТЃ45m investment fund managed by Scottish Enterprise.

NiTech, based in East Kilbride, was spunout from Heriot-Watt University in 2003, having invented and patented a unique mixing technology known as the Continuous Oscillatory Baffled ReactorTM (COBR). Since then, NiTech has developed COBR to meet the specific needs of manufacturing customers such as Genzyme and Johnson Matthey in the UK and Avebe in Holland. COBR can be used by companies within the process industries to lower costs by 50% and reduce process time by 90% in manufacturing a wide range of commodities including chemicals, drugs as well as many consumer products. The technology has significant advantages over traditional manufacturing processes in terms of cost and performance – making manufacturing faster but without compromising on product quality. Use of COBR also reduces the environmental impact of a process because of its lower use of energy compared to traditional methods.
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