| £1million
co-investment secures development of green communication
technology in Wales |
 |
A
Cardiff-based early stage company developing a
revolutionary approach to helping the mobile
communications industry design highly efficient
communications systems has successfully raised
£1million through its first equity funding round.
Mesuro Ltd has received co-investment from Finance
Wales plc, Fusion IP and the ERA Foundation to
commercialise technology that enables the energy
efficient operation of base stations in mobile
communication networks and mobile phones by using
less power, so reducing CO2 emissions.
Mesuro’s technology ensures the efficient design and
operation of power amplifiers, a key component
within mobile phone networks. Its product could lead
to massive economic and environmental benefits for
the communications industry globally.
Richard Emsley of Mesuro Ltd, explained why their
product development was unique. “Modern mobile
phones contain a number of wireless applications
such as, Bluetooth, WiFi and the phone itself. All
these technologies rely on power amplifiers to
broadcast the signal and are notoriously power
hungry components. Mesuro’s technology allows the
mobile phone manufacturer to make their power
amplifiers operate closer to theoretical efficiency,
something which has not previously been possible.
“For the mobile phone user this means increased
battery life and no more hot ears after long phone
calls (hot phones are a sign that the power
amplifier is not working efficiently, as it is
creating heat not signal). For the mobile phone
companies it means reduced power consumption and
lower electricity bills, and for the planet it means
lower CO2 emissions.”
Finance Wales plc and university investment group,
Fusion IP plc, are each investing £375,000 in equity
alongside £250,000 from the ERA Foundation.
Mesuro Ltd is one of Fusion IP’s first spin out
companies from Cardiff University. Fusion IP owns
the rights to 100 per cent of the university-owned
research generated at the Sheffield University and
Cardiff University.
Steve Smith, Director of Early Stage Investments at
Finance Wales plc, said “Our backing of Mesuro Ltd
reflects Finance Wales’s commitment to invest in
early stage businesses that have novel technologies,
robust intellectual property (IP) and the capacity
to break into global markets. Through our
partnership with Fusion IP, we quickly identified
that Mesuro had developed pioneering technology for
the rapid design and development of test and
measurement systems for users of high frequency
power amplifiers.”
He added: “Working in partnership with the company
and our co-investment partners we were able to
structure an investment package that affords Mesuro
the opportunity to complete its product development
and achieve its all important first sales.”
Another co-investor is the ERA Foundation which
specialises in providing finance for early-stage
technology companies through its co-investment
venture capital fund.
Commenting on its investment in Mesuro Ltd, Sir Alan
Rudge, Chairman of the ERA Foundation, said: “We are
very pleased to be making this investment in a
spin-out from Cardiff University. There is an urgent
need for the nation to return to a balanced economy
with industry playing a more important role.
“The ERA Foundation is committed to providing what
support we can to the electro-technology sector of
industry – and we are excited by the technology
Mesuro has produced.” |
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