Feb 2016 Smart Fibres Secures $3.5M Growth Investment
Smart Fibres Ltd., a global provider of Fibre Bragg Grating (FBG) sensing solutions, today announced that it has closed a $3.5M investment to fund the significant growth that is foreseen in the coming years.
The Company has developed several cost effective, high value solutions for numerous demanding application sectors including oil & gas, renewable energy and aerospace. Notably, a major international oil Company has accredited Smart Fibres’ solution for distributed pressure sensing with its highest available technology readiness level. This opens opportunity for the oil Company’s operating units across the world to exploit the solution to aid enhanced oil recovery, something of particular value in a time of low oil prices.
This event represents a pivotal moment for Smart Fibres, and starts a period of transformation from a principally technology development focus to a high volume / high value manufacturing focus. The $3.5M investment secured will accelerate this transition by providing the capital equipment and skills required to upscale manufacturing volumes whilst reducing manufacturing costs and retaining high product quality. The Company’s other existing system solutions, instruments and sensor products will all benefit from the economies of scale brought by this transformation.
Meanwhile, Smart Fibres’ ongoing leading-edge research and development projects will bring to market tomorrow’s value solutions in other application areas and further product enhancements, so ensuring the Company’s continued future growth.
For more information please contact us at +44 1344 484111 or firstname.lastname@example.org.
About Smart Fibres Ltd.
Smart Fibres pioneered the development of fibre Bragg grating based monitoring systems and has been an industry leader for over 15 years.
With a broad range of FBG sensor and interrogator products and a wealth of applications knowledge, we serve the world's leading companies and institutes by developing practical Fibre Optic Sensing solutions in many market areas including oil and gas, aerospace, renewable energy, marine, medical and civil engineering. As an ISO-9001 accredited company, Smart Fibres is highly committed to consistent quality manufacturing and efficient business operations. Our current developments are set to make Fibre Optic Sensing more broadly available and economically viable as a performance optimization and asset management tool in a number of key volume sectors.
For more information about Smart Fibres visit www.smartfibres.com
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