Flasma, a company which has developed a floor-based screen system, has received an investment of ₤350,000.

Flasma, a company which has developed a floor-based screen system, has received an investment of ₤350,000.

The cash is from Alliance Fund Managers, which invested through the EU-backed Liverpool Seed Fund.

The company, which was set up in 1998 by managing director Richard Lee, will use the money to help commercialise its product, which it has patented in Europe and the US.

Says Lee, ‘This funding will enable us to invest in marketing and publicity to promote the product, particularly to international markets.’ He adds that the company is taking part in an exhibition in Dubai next month which he hopes will win sales in the Middle East.

Flasma’s turnover is expected to reach ₤1 million by next year. The company’s screens are already installed in pavements and shopping mall floors in London, Sheffield and Italy.