Vert seeks £3 million to ramp up compressor output
Phil Harris: ‘technology is highly attractive’
Engineering firm Vert Technologies is seeking further investment to accelerate the development of its technology in new markets, as it moves towards volume production.
The Edinburgh-based company, manufacturer of a revolutionary rotary compressor (CRC), is embarking on an equity funding process to raise £3 million.
Vert is already working with a number of big manufacturers and the expectation is that several will reach volume sales or licensing stage by the end of 2021.
Vert CEO, Phil Harris, believes its patented technology is a “highly attractive opportunity” for investors looking for medium-term capital growth potential.