Oxsensis, an Oxford-based company specialising in advanced instrumentation systems for gas turbines, has secured £890,000 of early-stage funding from a selection of backers including AIM-listed Strathdon Investments and angel investment fund Seven Spires./p>
A spin-out from the Rutherford Appleton Laboratory in Oxfordshire, Oxsensis’ sensors are designed to work in extreme conditions and enable significant reductions in both greenhouse gas emissions and levels of fuel consumption. By monitoring and precipitating greater responsiveness to changing pressures and temperatures, the sensors allow greater optimisation of the combustion process.
‘A step-change in emissions in aviation and power generation requires control instrumentation to go where no sensors have gone before – right into the heart of the combustion system,’ Oxsensis chief executive David Gahan propounds. ‘The £890,000 investment will enable us to concentrate on product development and tests with customers.’
Technology-focused investor Strathdon has invested an initial £100,000, for a five per cent stake in Oxsensis.