 02 January 2009 Private Equity Investment for Wireless Temperature and Compiance Business, Kelsius .jpg) Tuesday, 15 September, 2008Kelsius Limited, a leading provider of integrated wireless monitoring and Internet based compliance services to the health and food sectors, has received a £1.35M injection of growth capital. The funding was led by Enterprise Equity and supported by Clarendon Fund Managers and Northern Bank. Kelsius has established operations in Donegal and has recently opened new headquarters at the Northern Ireland Science Park where it intends to create 10 new jobs over the next 12 months. The investment will enable the Company to respond to growing export demand for its innovative systems which are already utilised by over 200 customers across Ireland, the UK and increasingly in Europe and the US. The Kelsius solution outperforms existing temperature monitoring systems through the application of wireless technology and next generation embedded internet solutions combining flexibility with affordable installation and on-going costs. Continuous monitoring of the temperature of stored products such as chilled foods and drugs is critically important and must comply with stringent health & safety and hygiene standards. The customer base is primarily catering & food retail organisations such as hotels and supermarkets as well as organisations in the health & pharmaceutical sectors. Kelsius Chief Executive, Les Curran explains: “the ‘Kelsius’ wireless monitoring to Internet solution removes human error and the costs associated with compliance to HACCP ('Hazard Analysis Critical Control Point) and other Cold Chain quality standards. Kelsius automate and simplify the process, providing customers with a user friendly way to collect and store data across single and multi-site organisations. The data is stored securely on a central server and users access information via the web, email or fax. Text messages alert customers to critical events such as fridge or cold store failures.” Matchbox-sized Kelsius wireless sensors are placed in fridges, cold rooms or hot holding areas. Probes wirelessly transmit readings to a portable panel and infrared devices measure surface temperatures of chilled foods. Alarms are sent in the form of SMS text messages to alert the user about hazards such as open fridges or power failures and reports can be emailed regularly. These features are particularly beneficial for HACCP compliance and reduces the need for time-consuming paper records. All records are maintained on a secure server and each site/owner has its own account log-in. Commenting on the investment, Craig Holmes of Enterprise Equity, who joins the Kelsius board as Non-Executive Director alongside Jim Curran from Clarendon Fund Managers, said: “Kelsius demonstrates the key attributes of a company in our investment sweet-spot. It is a well-established business with a diverse customer base, a strong brand and a leading edge product that has global potential. The senior management team and Board have been strengthened and the Company is well placed to deliver strong growth.” Send To A Friend » | ||
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