Engineering start-up secures £325K investment for its solution to releasing seized nuts and bolts - Scintam Engineering - Maintenance Simplified
Summary
It was launched following the completion of a successful research project, which highlighted the potential for the technology to benefit a broad range of industries across the world.Sam explained: Releasing seized fasteners is a massive operational challenge across many industries, with current manual methods often leading to damage to assets and costly delays. With our technology, we aim to help reduce costs, increase operator safety, and provide certainty during maintenance scheduling.He continued: Were thrilled to have the backing of British Design Fund and our other investors. We have an exciting year ahead, where we will be moving to new larger premises and hiring additional engineers to further develop the core technology to target the remanufacturing sector. This is a key part of our strategy to provide our customers with a sustainability boosting product that can be put to work immediately.The company was recently awarded an Innovate UK grant which will support product development and the teams goal to achieve a 100% yield in remanufacturing, helping further reduce waste and carbon emissions.Damon Bonser, CEO, British Design Fund (BDF), said: Weve been so impressed by Sam and the team at Scintam. Alongside capital investment, BDF provides expert mentoring to support such companies to accelerate their growth plans.