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PMW Technologies
Developer of the online pari-mutuel wagering application betnow, enabling bettors to view race and runner information
About PMW Technologies
PMW Technology Limited is a company focused on the development and deployment of carbon capture solutions. It was founded by Paul Willson to specifically advance the Advanced Cryogenic Carbon Capture (A3C) process. Willson, the Managing Director, has an extensive background in developing and applying new technology, including senior roles in major consultancy firms where he focused on process innovation and industrial decarbonisation projects. Before establishing PMW Technology, he was the Head of Innovation at the consultancy WSP, where he led the technical and commercial development of process innovations. The company is based at the University of Chester's Thornton Science Park, leveraging a team of specialists and academic support.
The core of PMW Technology's business is its patented A3C process, which is designed to separate carbon dioxide from exhaust gases as a frost. This technology employs a three-stage process capable of removing up to 99% of CO2 emissions. A key feature of the A3C process is its energy efficiency, utilizing a highly regenerative system and intensive heat and mass transfer in a moving packed bed to minimize power consumption. The company reports that its technology has an energy requirement that is 30-50% lower than typical absorption technologies. PMW Technology's solution is designed for both land-based and marine applications. For land-based industries, such as food and drink manufacturers and Sustainable Aviation Fuel (SAF) providers, the system can be installed in congested environments more economically than conventional carbon capture methods. In the maritime sector, its compact, modular design allows for retrofitting on existing ships or integration into new builds to tackle greenhouse gas emissions. The business model centers on supplying and licensing the A3C process internationally. The company collaborates with a range of industrial, marine, commercial, and academic partners to bring its technology to market.
The A3C process is engineered to be a compact, modular system, which is a significant advantage for installation in space-constrained environments like ships and dense industrial sites. It does not require consumable chemicals, avoiding chemical hazards and costs. The captured CO2 has a high purity level, suitable for sequestration or for use in other industrial processes without needing additional treatment. The company leverages sophisticated tools for its development work, including process modelling, finite element analysis, and 3D CAD tools.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Nov 2013 | $11M | $46M | Undisclosed | — |
| EARLY VCOther financing | Mar 2013 | $15M | $60M | Undisclosed | — |
Growth signals
Latest recorded traffic for PMW Technologies is 200 monthly website visits.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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