Tech security firm LT Security has received a £30,000 boost from the Midlands Engine Investment Fund (MEIF).
The Malvern business has developed a state-of-the-art surveillance system - called 'STL Leviathan' - which uses radar, cameras and a mobile tower to track movements within a 400-metre radius.
Now the firm is to use the finance to further invest in research and development and recruit two new staff.
David Beech, managing director at LT Security, said: "The STL Leviathan uses radar-driven pan and tilt cameras to track multiple objects. If it detects something, an alert is sent via 3G, 4G or 5G to a central station, where the necessary security personnel can be dispatched to deal with the security threat.
"Our aim was to make protecting vulnerable areas safer by using technology instead of putting lives at risk.
"Securing a loan of £30,000 enabled us to research and install solar technology on our tower which means it is a practical solution in remote areas and is completely environmentally sustainable – reducing carbon output by several hundreds of tonnes.
"It has also allowed us to employ young people and help them develop vital skills in electronics, engineering and business acumen. We have also been able to attend an exhibition that has generated a healthy sales pipeline of £1.7 million."
LT Security secured MEIF funding from BCRS Business Loans.
Angie Preece, senior business development manager at BCRS Business Loans, said: "The Mobile Surveillance CCTV Tower is an exciting product that is going to save lives and protect the environment, so we were delighted to be able to offer the funding David needed to develop this product further. We believe that no viable business should go unsupported.
“LT Security has a very bright future ahead under the experienced leadership of David. As a lender of impact, we are really pleased to see that jobs have been created to develop skills for the next generation.”
Gary Woodman, chief executive of Worcestershire Local Enterprise, added: "We’re delighted that LT Security have received investment from the Midlands Engine Investment Fund. LT Security is a fantastic example of how innovative businesses are able to draw on the support of MEIF, helping them to create new jobs and strengthen the company’s capacity for research and development."
