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Foresight Williams Technology EIS Fund invests £1.6 million in Salvalco

Foresight Williams Technology EIS Fund invests £1.6 million in Salvalco

24.04.2018: - Revolutionary Green Aerosol innovation receives funding from Foresight Williams Tecchnology EIS Fund • Innovative aerosol valve technologies

- Revolutionary Green Aerosol innovation receives funding from Foresight Williams Tecchnology EIS Fund



•    Innovative aerosol valve technologies (Eco-Valves) using safe, inert gases as propellants


•    The Fund supports disruptive technologies with high performance engineering capability and proven investment management




Foresight Group (“Foresight”) announces the investment of £1.6 million into The Salford Valve Company (“Salvalco”), a company providing aerosol valves for use with ecologically sustainable propellants, from Foresight Williams Technology EIS Fund (“the Fund”).
 


Salvalco has developed aerosol valve technologies (referred to as Eco-Valves0 from original research carried out by Professor Ghasem Nasr of the Spray Research Group at the University of Salford, that enable safe inert gases such as simple fresh air or nitrogen to be used as a propellant in aerosols.



This is significantly better for the environment and far safer than conventional propellants, most of which are hydrocarbons. The Company has developed a family of valve designs for a wide range of aerosol products and applications.
 


Foresight’s investment will support the development and commercialisation of Salvalco’s technology, including funding further research and development and new products. In addition, Williams Advanced Engineering is available to support the design and optimisation of future valve concepts.
 


John Holden, Principal, Foresight commented:
“Salvalco is a fantastic investment for the Foresight Williams Technology EIS Fund and a great fit for Williams Advanced Engineering. We know that Williams’ engineers are going to add value to Salvalco and Foresight will support the Company as it looks to capitalise on global opportunities.”
 


Craig Wilson, Managing Director, Williams Advanced Engineering:
“We are pleased to be announcing this investment to continue the commitment of Williams to innovation in the UK.



As well as the financial support provided to Salvalco and their Eco-Valve technology for aerosol propellants, we look forward to helping them continue to develop products in partnership with our skilled team at Williams Advanced Engineering.



The progress represented by these products could make a major impact in the future to benefit the global environment given the widespread use of aerosols worldwide."
 


Greig Tulloch, Managing Director, Salvalco stated
“We are delighted to have the Foresight Williams Technology EIS Fund on board.  Their expertise will enable Salvalco to grow to its full potential and provide a technology which will have positive effects for everyone in the aerosol supply chain as well as helping our environment”
 


Tom Goldberg, Chairman, Salvalco commented:
“The investment of private venture capital from a prestigious group into Salvalco shows a positive commitment to new technologies and the environment which should bear fruit for all concerned.  We look forward to working together for a better future”
 




Salvalco's  range of Eco-Valves comprises:



•    The super single gasket valve (SSG) for low viscosity products such as air fresheners and deodorants.


•    The low loss valve (LL) for low viscosity oil based products such as antiperspirants, light cooking oils and hairsprays; and for higher viscosity products such as lubricants, gels and creams such as sun cream.


•    The metered valve (MV) which provides a metered dosage in applications such as air fresheners and potentially for use with medical products.




This is the Fund’s third investment, following a £500,000 investment into Southampton-based Utonomy, a ground-breaking intelligent gas grid solutions provider last September and a £1.05m investment into Edinburgh-based Codeplay earlier this month.
 
 
 



  - Matthew Knowles -  logo Williams

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24.04.2018 / MaP

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