Business
Investment in Advance Laser Imaging Limited
Investment in Advance Laser Imaging Limited.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n \n Vela Technology Plc (\"Vela\" or \"the Company\") \n\n Investment in Advance Laser Imaging Limited \n\n11 September 2013\n\nVela Technologies plc is pleased to announce a £75,000 investment in Advance\nLaser Imaging Limited (`ALI') a recently established company which uses laser\nscanning hardware and software applications to produce 360 degree 3D images and\nmodels. Such images can be created for anything from small components or pieces\nof forensic evidence at a micron level, up to buildings, industrial plants or\nareas of a town and can be utilised and manipulated to view scenes from\nmultiple perspectives at varying levels of detail, without any further scanning\nor photography. The models can be used to establish anything from bullet\ntrajectory to suspect biometric information.\n\nThere are many applications of the specialist technology in both private and\npublic sectors including the Military; Property Development and Services;\nPolice/Blue Light Services; Architecture; Insurance and Legal services, both in\nthe UK and abroad.\n\nKey personnel include four members of the Metropolitan Police Service team, two\nexperienced business professionals with a track record in early stage, high\ngrowth businesses, a former Chief Constable of the Civil Nuclear Constabulary\nand Government official with extensive experience in the policing, security,\nintelligence and defence worlds.\n\nALI is raising £300,000 to invest in further research and development and will\nseek to diversify the existing skills base to incorporate other elements of\ngeomatics, computer visualisation and data presentation. Vela has committed £\n75,000 for a 6.25% interest in ALI.\n\nCommenting on the investment, Nigel Brent Fitzpatrick MBE;\n\n\"We are pleased to announce our second investment in another promising\ntechnology driven business operating in a largely uncompetitive and niche\nmarketplace, bringing our total investments to £325,000 this year, against the\nannounced conditional fundraising of £337,000 at the time of the January CVA.\nWe believe that the advanced technology developed by the team at ALI, combined\nwith a highly accredited and experienced management team and multiple\napplications in different sectors both in the UK and internationally give rise\nto both a compelling investment case and growth platform. We look forward to\np...