SensorHut Ltd - Proof of market for a new chemical sensor technology

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The global market for chemical sensors is projected to reach US$26.4 billion by 2018,primarily driven by continuous technology developments, product innovations and expandingapplication areas.At SensorHut we are developing a new gas sensing approach based on a nano-structuredoptical element that adsorbs chemical substances so that they can be optically analysed todetermine their chemical composition. The advantages are higher sensitivity andminiaturization and lower cost than conventional instruments based on absorptionspectroscopy. This technology can be applied to a large number of industries and gases, andtherefore we need to narrow down initial focus to some high value markets where the keyadvantages of this sensing principle are most needed.This is a platform technology and with TSB Proof of Market Funding we are identifying highvalue markets, where the key advantages of our sensing principle are most needed. Thesemarkets will be our initial focus for device development and sales.