25 Jan '13, 3am

Red Dot Ventures invests in #Singapore #marine technology startup La Mans Marine Engineering - e27

Red Dot Ventures invests in #Singapore #marine technology startup La Mans Marine Engineering - e27

Singapore-based technology incubator Red Dot Ventures has announced an investment of S$589K (approximately US$482K) in La Mans Marine Engineering. La Mans Marine Engineering (LMME) is a Singapore-based startup that has developed a revolutionary hull cleaning system for the offshore oil and gas industry. One of its core competitive advantage is its patented Piranha System, an innovative technique that completely changes the dynamics of underwater marine growth removal of extremely large vessels used by the offshore oil and gas industry. The two founders have decades of experience in the offshore oil and gas industry. John Mitchell, the company’s managing director, has worked throughout Europe and the Far East marine sector. John Archibald, the original inventor of the Piranha System, is a former Royal Navy nuclear submariner and saturation diver. Although he has no formal e...

Full article: http://e27.sg/2013/01/25/red-dot-ventures-invests-in-mari...

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