Lowestoft-based business Scour Prevention Systems Ltd (SPSL) was shortlisted as one of eight companies to present in Ultralight Startups Online Investor Challenge, where they presented their innovative Scour Prevention Mats to a panel of investors from around the world.
Supported by the Shell Game Changer Programme, this high profile event featured eight early-stage energy and cleantech startups. SPSL showcased their technology to the panel and an online audience over three days via a video, online presentation and Q&A session. The investment panel included representatives from UK based organisations GROW:Offshore Wind, OrbisEnergy, and the newly established Offshore Renewable Energy (ORE) Catapult Centre.
John Balch, Executive Chairman at Scour Prevention Systems, said: “This was an exciting opportunity to participate in a high-profile, international investment pitch, and we hope to secure investment to jumpstart our ambition to become the leading commercial provider of scour protection to the offshore renewables industry.”
If successful, the investment won from the event will provide a significant boost to SPSL’s drive to apply their field proven technology for a broad range of applications for offshore wind, wave and tidal energy devices and their associated cables and infrastructure.
Press release, March 20, 2014; Image: tmsmedia