AirTube Technologies, which manufactures and installs pneumatic conveying systems, specialist cash management solutions, rising security screens and asset protection, has secured a £175,000 CBILS package to execute its ambitious product development plans – the business aims to launch two new products within the next 12 months.The finance was secured through The Midlands Engine Investment Fund, managed by Maven and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
Attila Vitai, Director of Hartlebury-based AirTube Technologies Ltd, said: “We have developed two new products, one in our traditional market of cash management that will assist our customers to further automate their processes and a second product that will be used to sanitise products in the retail and health sectors, helping to reduce the spread of COVID-19. The funds will assist us in achieving our ambitious growth targets.”
The company was first formed in 1982 as Air Tube Conveyors Ltd and was acquired by AirTube Technologies Limited. It has since grown to be a leader in the research and development, manufacture, and installation of pneumatic conveying systems, specialist cash management solutions, rising security screens and asset protection. All are supported in the UK by a rapid response national service network.
AirTube’s pneumatic conveying systems are recognised for providing creative solutions which precisely meet the needs of customers whose commercial activities call either for the secure conveying of cash, documentation, samples and other products, or staff security in potentially sensitive areas, or both.