Pires Investments (AIM:PIRI ) said Ambisense, a company in which it holds through its investment in Sure Valley Ventures, has launched AmbiAir, a solution designed to help manage, assess, and predict the COVID-19 risk in commercial and public buildings.
Pires holds an interest in technology firm Ambisense through its £1.1m investment into entrepreneur-led VC fund Sure Valley Ventures (“SVV”), in which it holds 13% interest.
Ambisense, which provides sensors and an analysis platform to allow real-time gas and environmental monitoring, has now entered the air quality market with this latest launch.
‘By increasing building ventilation, and combining it with measures such as social distancing, it is possible to decrease the COVID-19 risk in public spaces,’ the technology group noted.
Ambisense has told investors that previous studies have shown that the danger of exposure to COVID-19 is significantly reduced when the level of CO2 is below 600 parts per million, relative humidity is between 40-60%, and there are no or very minimal levels of PM2.5.
Shares in Pires Investments have more than doubled in the past three months from lows of 2.95p to open at 4.80p.
The company said that the ‘low-cost solution that combines discreet, multi-deployable hardware with Ambilytics, an intelligent platform that digs through the vast quantities of location-based data’ is the first in a range of air quality solutions that it will release this year.
The company said its AmbiAir range will work by combining multiple tools and techniques useful to air quality professionals ‘to understand the behaviour of air quality pollutants.’
"Ambisense's launch of AmbiAir, a solution designed to help manage, assess, and predict the COVID-19 risk in commercial and public buildings, is particularly timely considering the challenges the global pandemic continues to bring to everyday living,” said Peter Redmond, Chairman of Pires.
Redmond noted that the solution has been launched at a time “of significant demand.”
He added, “AmbiAir is an innovative product to complement already established measures safeguarding the public from COVID-19, aiming to reduce the risk of the virus in buildings and encourage employees to return to a safer working environment.”
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