Peratech plans further growth after £1.1m investment
PRIVATE equity group YFM has invested £1.1m in Peratech, the North Yorkshire technology firm.
It plans to use the cash to grow overseas sales and fund further research and development of its quantum tunnelling composite (QTC) technology.
This touch sensitive technology enables devices such as mobile phones to incorporate very thin touch and pressure sensors.
Philip Taysom, joint chief executive of the Richmond-based firm, said: “In these financially challenging times, it is a real testament to both the QTC technology and the team behind it to have received funding of this level.
“The company has invested significant R&D efforts to understand this new class of material science that it has invented. We are now at the stage where its ability to add value and completely new innovative features, which provide significant commercial advantages.”
Mark Winderbank at YFM said: “We are really excited by the huge potential of Peratech and its technology. Peratech’s recently announced license deals with major international companies Nissha and Samsung Electro-mechanics demonstrate how QTC can open up exciting new ways of doing things.
“We are proud to be able to support a fast growing British company with a truly unique technology that has a tremendous world market. Of all the possible investments that we have looked at recently, Peratech stood out because of the strength of its innovative technology and huge growth potential.”
