|
Eco Investor November 2014
Unlisted Companies
Remotely Monitored Industrial LEDs
A Tasmanian company has developed what it says is the lowest whole-of-life
cost industrial LED fitting with advanced LED and several world first
features.
The NuVo PI was developed by 300K Enterprises Ltd over a number of years
of R&D and with a holistic approach to the light's lifecycle and how
to reduce all of the resources consumed such as electricity, human labour
and so on. It looked at resource efficiency and not just energy efficiency.
Managing director Chris Trewin said "When we were first looking
at entering the lighting market a couple of years ago we knew from personal
experience that the initial purchase price is often the cheapest part
of ownership, in particular by the time you account for the ongoing energy
and maintenance costs.
"We knew that by incorporating energy efficient LED technology and
our patented "Connex" base functionality we could offer clients
a very safe to use, resource efficient fitting compared to other products
currently on the market."
Once installed, the fittings do not need ongoing inspections to ensure
performance. In the case of the company's mining clients, the single largest
expense is the labour to routinely inspect and repair lighting around
a site. The NuVo PI fittings can continually monitor their internal and
external environment and their own performance. This enables remote monitoring
of LED chip status, array temperature and other factors. Another feature
is their ability to detect and provide an alarm when there is contaminate
build up on the lens, which can be one of the single biggest lighting
issues on a mine site.
As well as mining, the lights suit wide ranging temperature conditions
that are not serviced well by other vendors.
300K has won several grants and awards and sells to clients such as BHP,
Rio, port authorities, councils, car yards, and the Australian Antarctic
Division.
The company has started to raise capital. It is looking to raise $750,000
in equity capital for 30 per cent of the company. The funds will be used
for sales and marketing, production equipment, larger component contract
manufacturing runs and research and development, said Eugenia Arrarte
of Funding Strategies, which is assisting with the capital raising.

|