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Duvas Technologies

Sector:
Environmental Technology
Invested in:
Calculus EIS, Calculus VCT

Calculus Capital has completed an investment in Duvas Technologies Ltd (“Duvas”), a company that develops and produces specialised emissions detection equipment.

Duvas was spun out of Imperial College in 2008 and its highly sensitive detection technology enables remote sensing and identification of airborne chemicals via their ultra violet absorption spectra. The Duvas core technology comprises the software and algorithms, together with an expanding ‘gas library’ of gas signatures, that allow Duvas to programme its devices to recognise such gases.

Duvas targets two key markets and in both cases tighter regulation is driving demand growth. In the Oil and Gas market, the Duvas solution identifies and quantifies toxic chemicals such as Benzene at well sites, refineries and chemical plants; whilst in the Air Quality Management market, the Duvas technology is able to detect pollutants including ozone, Nitrogen and Sulphur dioxides. These gases are key contributors to traffic pollution. Duvas has also developed a tool to measure carcinogenic benzene in real time.

Rationale

Calculus was attracted to the company due to its strong management team and market leading technology, which can be applied across many different markets. Funds will be used to further expand into the US market as well as other new geographies and to develop the sales pipeline.

Latest News

Duvas Technologies develops tool to measure carcinogenic benzene in real time

Benzene – Measurement of ppb levels accurately in real time. The DV3000 gas analyser from Duvas Technologies can detect 15 compounds simultaneously to low ppb levels in fixed or transportable applications. Benzene can be directly measured instantly with no cross sensitivity issues. Exposure to benzene has been shown to cause bone marrow damage which can … Continued

Calculus Capital invests in Duvas Technologies

Private equity fund manager and Enterprise Investment Scheme specialist Calculus Capital has invested £2.25m in an Imperial College spin-out that has developed emissions detection technologies used to monitor air pollution in major cities and industrial centres around the world. Duvas Technologies (“Duvas”) produces equipment that enables remote sensing and identification of airborne chemicals and gases … Continued