Booming tech company has moved its headquarters from Singapore to Wales and is now seeking £ 3million
A booming tech company has moved its headquarters from Singapore to Wales and is seeking up to Â£ 3million in investment to bring a revolutionary water pipe application to the global market.
Having opened a new base in London in addition to offices in St Asaph, Jersey, Singapore and the Philippines, iVapps is uniquely positioned to begin manufacturing a revolutionary digital solution that will serve âsmart citiesâ and meet the demand for a solution. to the global water leak crisis.
The eco-friendly portal, which includes the world’s first recyclable smart cartridge, has attracted great interest, with orders coming from across Europe, Asia and North America.
The technology will eventually replace the widely used but obsolete data logging systems used by water utilities.
Colin Patterson, executive chairman of iVapps, said the immediate priority is to deliver the product to customers in the UK after successful trials earlier this year.
“The feedback we have received is simply amazing, because we have a solution that meets the demands of ‘smart cities’ today and for future generations, because it is so easy to replace and upgrade,” said Mr Patterson said.
âThe cartridge and the gate are durable and meet environmental objectives, which makes it a very attractive proposition for water companies and large industrial organizations.
“We are now ready to take the next step and start manufacturing on a larger scale, first for the UK market before rolling it out globally given the demand we already have for it. foreigner. “
He added, âWe have an incredible Series A funding opportunity because we have a solid model with enormous potential that has captured the imagination of the industry, and iVapps is EIS (Enterprise Investment Scheme) compliant. The business is growing; the tests have been very positive and we are good to go.
The smart cartridge is equipped with real-time inflow technology sensors to scan pipelines and control and monitor temperature, flow, pressure, turbidity, quality and more.
As a result, it can identify problems such as leaks, contamination, and bursts that cause billions of pounds in financial and environmental damage every year.
With England and Wales losing 3.1 billion liters of water per day, Nigel Roberts, iVapps global business director, says they are ‘on the cusp’ of historic moment for the industry utilities.
âThe smart technology is in place, but of course we are fully aware of the pressures and challenges the supply chain has been subjected to due to the coronavirus pandemic and other factors,â said Nigel.
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âWe have business models and are now looking for investments to meet the larger orders that we have received, so that we can build momentum and bring it to market. The industry can see that the iVapps portal and digital solution is what they’ve been waiting for, it’s durable and scalable due to the ease with which it can be replaced, with little to no disruption.
âWe want a long-term commitment because this is only the beginning of the revolution of smart and green management of the precious commodity of water. The foundations are in place, now is the time to capitalize on the interest and orders we have with the support of one or more investors who share our vision of positively transforming the global network of water pipes for many years to come. future.