Tech duo reunited in Camcon digital valve investment

28 March 2008 – Cambridge, UK – Lord Young of Graffham has invested in Cambridge-based Camcon Technology, the UK developer of the digital valve. The move will see the former Trade & Industry Minister join forces once again with tech veteran Danny Chapchal.

Camcon’s digital valve has been described as the first fundamentally new approach in the control of liquids and gases since the Industrial Revolution. The high-speed, low energy consumption and long life characteristics of the Camcon® binary actuator make it ideally suited to a wide range of applications, including use in oil reservoirs and vehicle engines.

Lord Young, who will take on the role of chairman, will invest sufficient sums to give the company the capital it need to complete its current development programme and see the introduction of Camcon products into the market.

Chapchal, formerly the company’s Chairman, will adopt an operational role in the business as CEO. The pair have worked together to build shareholder value for numerous early stage tech start-ups, most notably CDT, the Cambridge based polymer OLED firm.

The new investment will enable Camcon to focus it efforts on the oil and gas sector, where it has already established strong relationships with a number of partners.

Outside of the oil and gas sector, Camcon will focus on developing licensing and manufacturing partnerships. The company expects to announce an agreement with a manufacturing partner in the medical market within the next month and agreements in the automotive and aviation markets will follow.

“Camcon has extraordinary potential as Lord Young’s investment demonstrates. The challenge for the business moving forward is to focus on oil and gas market. Outside of this market, we are seeking to develop manufacturing and licensing partnerships,” said Danny Chapchal, CEO, Camcon.

“Camcon’s digital valve technology could be as fundamental to engineering as the transistor has been to the electronics industry. Danny will bring renewed focus to the company and seek to commercialise the technology in the oil and gas market as quickly as possible,” said Lord Young of Graffham, chairman, Camcon.

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About Camcon

Based in Cambridge, UK, Camcon Technology is a small fast growing company focused on the research and development of the Camcon binary actuator. Camcon binary actuating technology has been 15 years in development and is the invention of Camcon founder Wladyslaw Wygnanski.

The high-speed, low energy consumption, low heat dissipation and long life characteristics of the Camcon binary actuator mean that it has applications in a whole new range of areas, as well as being a replacement for existing actuator and valve technologies.

Camcon Technology licenses its technology to customers, typically on a field-of-use basis. The company develops pre-production prototypes for customers on a consultancy basis and then hands over designs either to its customers to manufacture in volume, or to a manufacturing partner. For further information see: www.camcontec.com.

Camcon is funded by ACUS Management Partners, an active management venture capitalist that specialises in funding early stage technology companies. For further information see: www.acus.co.uk.