SpectraSensors, one of the leading suppliers for a variety of gas analyser products, has announced the completion of a fresh injection of investment from Nomura and Chevron Technology Ventures (CTV).
The latest round of funding will enable the company to accelerate growth and continue to develop the highest quality of products and services for its customers, which include leading oil and gas companies.
Nomura is one of Asia’s leading investment banks, while CTV supports the innovation and integration of emerging technologies and pursues these goals through venture capital.
George Balogh, SpectraSensors’ CEO, spoke of the investment, “Having recently announced the acquisition of Integrated Information Technologies, and several major new product announcements, the addition of Nomura and Chevron as investors will greatly enhance our market strategies. The investment will expand SpectraSensors’ endeavours to develop superior analytical technologies, expand worldwide distribution channels and strengthen its brand.”
The move is a clear indication of the confidence and belief held in the company’s services and product innovations. Russell Pullan, director of Nomura’s New Energy and Clean Technology Ventures, explained as he said, “Our decision to lead this round of financing demonstrates our confidence in SpectraSensors’ seasoned management team. There is a lot of excitement in the industry over the company’s recent launch of new products such as an innovative hydrogen sulphide analyser and a unit to measure the energy content of gas.”
Headquartered in California and a manufacturer of optically-based gas analysers for the analytical process and gas markets, SpectraSensors has grown rapidly to become a market leader for such products.