SWAIN Company Phasor Solutions Ltd receives £900,000 from Octopus Ventures Ltd
07 April 2009
SWAIN is delighted to hear that Octopus Ventures Ltd ("Octopus"), specialist investors in early-stage and expanding companies, have made an investment of circa £900,000 in Phasor Solutions Ltd ("Phasor" or "the Company"). Phasor has the potential to transform the "communication on the move" market by offering flat panel phased array antennae ("phased arrays") at a fraction of the cost associated with traditional phased array technology. At least one SWAIN investor has also taken advantage of investing in this high potential company.
Historically the cost of over $1 million for a single flat panel satellite antenna has inhibited many would-be users from adopting this technology. In contrast, Phasor’s innovative flat panel satellite antenna enables a 90% reduction in system costs, bringing the price point down to around $100,000 whilst ensuring a similar, if not greater, level of performance.
Phasor’s phased array antennae consist of numerous small antennae. By adjusting the relative phase of the signal received by or transmitted from each individual antenna element, it is possible to electronically steer a satellite beam with precision in order to compensate for movements of either the flat panel antenna or satellite.
Formed in 2005, Phasor develops phased array antennae with multiple commercial uses, which include enabling moving host units, such as trains and airplanes, to deliver broadband Internet access and high speed communications. Additionally Phasor’s product range, which will be expanded to include radars, has numerous other applications in both the aerospace and military sectors.
This investment represents part of a £1.5 million funding round.
The funds will be used for the further development of Phasor’s technology, enabling it to participate in an ‘on train’ trial, in addition to the expansion of the Company’s sales and marketing functions.
Philip Tellwright, Managing Director of SWAIN said, “It’s good to see that there remains a health appetite amongst our private investors for companies producing cutting edge technological solutions.”