Investment in Advance Laser Imaging Limited
Vela Technology Plc ("Vela" or "the Company")
Investment in Advance Laser Imaging Limited
11 September 2013
Vela Technologies plc is pleased to announce a £75,000 investment in Advance
Laser Imaging Limited (`ALI') a recently established company which uses laser
scanning hardware and software applications to produce 360 degree 3D images and
models. Such images can be created for anything from small components or pieces
of forensic evidence at a micron level, up to buildings, industrial plants or
areas of a town and can be utilised and manipulated to view scenes from
multiple perspectives at varying levels of detail, without any further scanning
or photography. The models can be used to establish anything from bullet
trajectory to suspect biometric information.
There are many applications of the specialist technology in both private and
public sectors including the Military; Property Development and Services;
Police/Blue Light Services; Architecture; Insurance and Legal services, both in
the UK and abroad.
Key personnel include four members of the Metropolitan Police Service team, two
experienced business professionals with a track record in early stage, high
growth businesses, a former Chief Constable of the Civil Nuclear Constabulary
and Government official with extensive experience in the policing, security,
intelligence and defence worlds.
ALI is raising £300,000 to invest in further research and development and will
seek to diversify the existing skills base to incorporate other elements of
geomatics, computer visualisation and data presentation. Vela has committed £
75,000 for a 6.25% interest in ALI.
Commenting on the investment, Nigel Brent Fitzpatrick MBE;
"We are pleased to announce our second investment in another promising
technology driven business operating in a largely uncompetitive and niche
marketplace, bringing our total investments to £325,000 this year, against the
announced conditional fundraising of £337,000 at the time of the January CVA.
We believe that the advanced technology developed by the team at ALI, combined
with a highly accredited and experienced management team and multiple
applications in different sectors both in the UK and internationally give rise
to both a compelling investment case and growth platform. We look forward to
providing you with further updates on ALI's developments in the future now they
are funded and in a position to grow their business in new markets."
For further Information:
Brent Fitzpatrick e-mail brent@lowwave.co.uk
Non-Executive Chairman
Vela Technologies plc
ZAI Corporate Finance, Nomad Tel 0207 060 0220
Peter Trevelyan-Clark/
Tim Cofman/Wei Wang
Peterhouse Corporate Finance, Broker Tel 020 7469 0932
Eran Zucker
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