Dear , 

Spectral Edge has emerged from the highly-regarded Colour Group at the University of East Anglia, a world leader in colour research. The Group is active in a range of different research areas such as Computational Colour Constancy, Physics based vision, Image Reproduction, Colour Graphics, Image Indexing, Colour scanning, Colour Science, and Computer Vision.

Members of the management team have had first-hand previous experience of running - and successfully selling - analogous businesses. 

The Technology

The company’s technology enhances images and video by using information outside the normal visible spectrum – notably from the infra-red range - or applying transformations to that within it. Applications range from accessibility for TV content, computational photography to enhance camera images, and surveillance.

Tomorrow’s displays will show more of the visible colour range. This technology underpins these trends by fusing image & video in the most natural and pleasing way.

The company has various patents pending on its technology and will continue to work closely with the Colour Group to develop further valuable IP.

The Market

The technology has applications across a broad range of visual display markets. It is worth noting that the three top imager companies have total sales in excess of $5.4bn pa.

Initial traction has been gained in the use of this technology in set-top boxes to counter the effects of colour blindness. However, the surveillance industry is seen as a near-term, large-scale opportunity particularly when home security and drone cameras are included. Some indicative statistics are  

• More than 1bn compact system cameras & smartphone sales in 2015
• More than 300m TV and STB sales in 2015
• More than 50m/yr surveillance cameras by 2019
• More than 12mu/yr UMV/drone sales by 2019

The Team

Robert Swann, Chairman, is also Chairman of Cambridge CMOSS, another Parkwalk investee company. Robert is a serial electronics entrepreneur. He led the exit team at ImSense when it was sold to a leading consumer electronics brand.

Christopher Cytera, Managing Director, has over 20-years’ experience in consumer electronics, particularly semiconductors, mobile devices, digital and connected TV.

Prof Graham Finlayson, Co-founder, NED and CSO, is a Professor of Computer Science at UEA and was the founder of IMSense.

The Investment Case

We are very impressed with the company’s technology and the quality of its early commercial engagements. The fact that the team has a successful track-record in this area is also a significant contributor to our enthusiasm for this opportunity.

The company will now face the significant challenge of delivering on its early commercial progress.

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.