Dear , 

Established in 2004, Perpetuum have world class knowledge in Vibration Engineering, enabling the exploitation of 

• Power from Vibration: creating self-powered, maintenance-free sensor systems  converting vibration energy to electricity
• Information from Vibration: Vibration is the earliest indicator of wear.  Vibration algorithms can provide simple actionable alerts

Perpetuum started with the concept that mechanical vibration can be converted into electrical energy used to perpetually power autonomous, maintenance-free industrial wireless sensor nodes.
Perpetuum engineered, produced and commercialised the world's first practical electromagnetic vibration harvesting micro-generator delivering the power required to transmit large amounts of autonomous wireless sensor data reliably from remotely monitored assets.
This technology is now being adopted by the rail market for condition monitoring.  However, the potential applications are boundless within the broader rail and industrial sectors.

The Opportunity

Since the previous funding round, Perpetuum have made good progress in expanding the addressable market both geographically (India, Australia), functionally (Gearbox applications) and in new segments (Freight, Infrastructure).  Sales opportunities are also maturing with core clients in the UK and Europe.
Critically, reliability issues that delayed short-term revenue opportunities in the UK and Sweden appear now to be overcome.  This has required the company to invest in re-designed assembly and testing protocols resulting in more robust and efficient systems.
Whilst this work will ultimately benefit the sales effort, it has lead to a funding short-fall against budget which this funding round will address.

The Market

The current pipeline represents a potential revenue opportunity in excess of £100m, and the global market is in excess of ten times that size. There are also multiple opportunities outside of rail networks. 

Management / Team

David Parker, Chairman, was CEO of SPI Lasers through to its acquisition by the Trumpf Group. He was CEO of Marconi Components from 1999 through to 2004 and is an Imperial Innovations venture partner.

Steve Turley, CEO, was EVP of Bookham and VP at Nortel Networks before joining Perpetuum in June 2010.

Roy Freeland, President, has been the Group General Manager of Bowthorpe/ Spirent plc, CEO of United Industries plc and President of Encoda EMEA.

Justin Southcome, Commercial Director, joined Perpetuum after 12 years at Alstom, where he held various roles in operations, strategy and formerly as tender leader and business development of Alstom Transport.

The Investment Case

The last six months have seen the company expand its addressable market with a number of significant and exciting new opportunities.  Whilst we remain cautious on timing, there is a strengthening sales pipeline and a reasonable expectation of revenues in the foreseeable future.
This funding round will enable the company to exploit its market-leading position and secure sales contracts with a number of prominent clients.

This financial promotion is issued by Parkwalk Advisors Limited (Parkwalk), which is authorised and regulated by the Financial Conduct Authority.  Investments referred to in this newsletter are not suitable for all investors.  Interested parties are strongly recommended to seek specialist financial and tax advice before investing in any product.  Capital is at risk and investors may not get back the full amount invested. Tax treatment depends on the individual circumstances of each investor and may be subject to change. Past performance is not a reliable indicator of future results, and the value of investments may go down as well as up. Projections and forecasts are also not a reliable indicator of future performance. Investments in small and unquoted companies carry a higher risk than many other forms of investment. Any investment in a Parkwalk product must only be made on the basis of the terms of the full Information Memorandum. Parkwalk is not able to provide advice as to the suitability of investing in any product.