Perpetuum attracts support for wireless power technology

Southampton, UK -  Perpetuum, a manufacturer of vibration energy harvesting devices, has completed a £5 million funding round to be used to support Perpetuum in commercialising its vibration energy-harvesting generator. The investment is being backed by Environmental Technologies Fund (ETF), Quester, and Top Technology.

Perpetuum bills its micropower generator is designed to generate enough electricity to power the wireless transmission of large amounts of data. The device generates electric current from the energy of low levels of vibrations as they are present, for example, on standard electric motors common at industrial sites, and makes the sensor nodes independent of the use of batteries or mains power.

The current round will be the second investment from ETF¹s new fund, which was launched last year with a target size of Euro150 million. Both Quester and Top Technology were previous shareholders of Perpetuum and have taken up pre-emption rights.

According to Perpetuum chairman Mike McTighe  the generator is already being built into sensor node designs by some of the world¹s leading industrial condition monitoring companies. "There is no comparable device on the market today and we have a great opportunity to position Perpetuum as the global leader in this fast-growing market,¹ he stated.

Henrik Olsen, a founding partner of ETF added that Perpetuum "has a market-ready, universally applicable product that can make a real difference in a rapidly growing market. It has an excellent management team, enjoys great customer interest and is poised for significant growth."