LONDON A £2.5million finance facility has been provided by Noble Venture Finance to support growth at Intense (formerly Intense Photonics) the developer of laser modules and optoelectronic integration solutions.
Based in Blantyre, Scotland, the company owns core intellectual property in photonic integration technologies including Quantum Well Intermixing (QWI), which eases the use of laser modules in an industrial setting.
David Lockwood, CEO of Intense, said, “We have big plans to build our client base and increase market share over the coming year, particularly in the printing industry. We have some highly versatile new solutions to bring to the market that will help businesses improve products and generate revenue. The Noble investment is a crucial part of this strategy.”
Henry Chaplin, chief executive of Noble Fund Managers, said, “The Venture Finance team have known Intense since 2000 when it was spun out from The University of Glasgow. We have been very impressed by Intense’s success to date and are very excited to be participating in this exciting new growth phase for the business as it expands into new sectors like printing. This is exactly the sort of success that British industry needs as one of its companies moves from world leading R&D to full scale manufacture in under five years.”