Alert Technology Limited
Alert Technology has developed 'Asbestos ALERT' – the first warning device capable of distinguishing between airborne asbestos and non-asbestos fibres in real time, and aims to help reduce the risk of prolonged exposure that can lead to diseases such as cancer, asbestosis and mesothelioma.
Alert Technology completed its SyndicateRoom round in June 2017, overfunding to £1m.
Despite the fact that asbestos is a category one human carcinogen with no safe level of exposure, it is present in over 3,500 different products globally, and affects a wide range of industries. There are currently no known real-time warning devices for airborne asbestos fibres.
Alert Technology, a spin out of The Select Group of Companies Ltd, has created the Asbestos ALERT which works by using laser light scattering patterns to identify fibres and then determine the change in angular alignment of individual airborne fibres under the influence of an applied magnetic field. The device records this behaviour, using it to make - what the company's internal data demonstrates to be - a real-time assessment of the probability of asbestos being present, to a confidence level of 98%.
Doing so should provide the user with immediate warning if asbestos fibres have been disturbed and released into the air, meaning that ALERT PRO could be used both for real time monitoring and inspection of working environments. The aim is to help reduce the risk of prolonged exposure that can lead to diseases such as cancer, asbestosis and mesothelioma.
The lead investor
Discovery Park Technology Investment Fund (DPTI) is a £5m equity funding scheme managed by Narec Capital Ltd (NCL) and supported by Kent County Council and the UK government's Regional Growth Fund. NCL set up DPTI to help cutting-edge science and technology firms get their products or treatments to market.DPTI was the lead investor for Alert Technology for this funding round, investing £500,000.
DPTI’s most notable achievements are exemplified by their portfolio of seven investments in an 18-month period across the healthcare and cleantech sectors, with the first exit expected to occur within the next twelve months. By applying both experience and capital at an earlier stage than most typical funds, DPTI feel they can identify exciting companies, enhance their survival rates, and extract superior value for their investors.
Alert's technology is needed on a global basis and has the potential to save lives. Health-related asbestos issues may be well-known and managed in the UK, but a large portion of the world still uses asbestos and will be facing legacy issues for many years to come. Alert is well-placed to become a crucial, life-saving technology business.
DPTI Lead investor