Green Angel Syndicate portfolio and GAS Climate Change Fund portfolio company, QLM has reported on its expansion in a recent article on its website, with an extract featured below:
QLM's expansion has continued in recent weeks, with the switch to new, larger premises in Bristol, and the incorporation of the company in the USA.
QLM's new offices in Bristol are part of the HERE complex, a thriving business ecosystem in Brislington. As well as a major increase in office space, granting headroom for further expansion in the future, the new location has dedicated laboratory space for the continuing R&D program, and a balcony looking out over the city that has already been co-opted as an "outdoor laboratory", verifying the quantum gas camera's long-term robustness to the outdoors and complementing the ongoing in-house testing of the camera performance in varying environmental conditions.
According to QLM CEO Murray Reed, expansion to the HERE offices represnts a crucial step in QLM's commercial journey: "UnitDX was a great incubator but our HERE offices give us room to work closer together and to expand. They will form our Bristol R&D centre as we expand Test and Operations in Wales and our presence around the world"
An indication of the importance of the opportunities in measuring greenhouse gas emissions in US-based energy operations, and mindful of the time difference associated with supporting them from the UK, QLM has established a formal US entity with its incorporation in Delaware. The company's incorporation paves the way for direct sales and support operations to be established once the company expands according to demand.
For the full article on the QLM website, click here.
*Risk disclaimer: Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. For professional investors only.