Syndicated equity Investment focuses Laser Wire Solutions’
ambitious growth plans
An Abertillery-based company whose high-tech products are based
on technology originally developed for NASA’s Space Shuttle
programme has secured a £275,000 equity investment package from
Finance Wales and a
group of business angels syndicated through xénos, the Wales
Business Angel Network (xénos).
Laser Wire Solutions (LWS) used a Smart Cymru research and
development grant to develop a range of laser-based wire-stripping
products. These products can improve the quality of
high-value electrical wiring systems and can be used to strip wires
in complex wiring systems.
The funding package has provided LWS with the capital it needs
to commercialise its current products and further develop its
“Laser Wire Solutions’ wire-stripping products are suited to
many different applications, materials and sectors. Added to
this, we can also provide customers with bespoke solutions.
We’re currently experiencing significant interest from companies in
a range of sectors impressed by the cost savings and quality
improvements our products can achieve."
The funding package included a £125,000 equity investment from
Finance Wales structured by Leanna Davies of Finance Wales’
Technology Venture Investments team. She said: “This
investment provides Laser Wire Solutions with the backing to take
some important steps forward. We’ve structured it so that it’s
SEIS-compliant and will also provide the company with the
flexibility to grow. We were delighted to work with the angel
investors as they’ll bring additional expertise to the
“Laser Wire Solutions can now commercialise its current product
range and build its market presence by establishing its sales and
marketing operations. It can also start diversifying into new
markets as its products can be adapted cost-effectively for a range
Using laser light to remove the insulation from electrical wires
improves the quality of electrical installations because laser
light is absorbed by the insulation layer of the cable but
reflected by the cable itself, leaving it undamaged.
LWS has developed two flexible automated laser-based
wire-stripping products. Its state-of-the-art Gemini stripper
offers one of the most comprehensive specifications available on
the market today while the Mercury is suited to standard wire