Proposed investments

As per the RNS dated 2 September 2019, Pires is seeking shareholder approval at its forthcoming AGM for the amendment of its investing policy to also include the technology sector. Should the approval be forthcoming, the Company will invest into a portfolio of 10 established companies, by way of an investment in the venture capital fund, Sure Valley Ventures.  These companies are in the high growth artificial intelligence (AI), augmented/virtual reality (AR/VR) and internet of things (IoT) sectors and have successfully progressed through their product stage and now are demonstrating successful commercial traction.

Initial investment to be made on equivalent terms to the valuations at which the original investments were made.  A number of these investments are believed to have already increased in value since the original investment was made.  

Realisations made by the fund will be distributed to investors at the time of realisation and so the return on this investment is expected to be received throughout the life of the fund.  

Pires will also seek to make other technology investments in both the software and other sectors and in later stage opportunities alongside this core investment.

Admix
Programmatic monetization platform for AR & VR
The first monetization platform for VR/AR developer. Enables non-intrusive, programmatic product placements within content.
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Artomatix
AI platform to automate 3D content creation for AR/VR, AAA video games and movies. Ai for the creative industries Launched product in March and now has 140 customers in their pipeline
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Nova Leah
Leading cyber security assessment and protection for medical devices. Supported by FDA requirements in the USA Broad application for any IoT device Initial market sales – medical devices.
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WarDucks
Gaming studio creating immersive games across leading AR & VR platforms
Last release was 2nd most popular title on Samsung Gear VR
Major mobile AR game ‘Smooshy Mushy’ launched Q4 2018
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VividQ
The world’s first software framework for real-time holographic 3D display
A key enabler of AR smart glass systems based on holographic technologies Working with the key AR smartglass manufacturers
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Ambisense
Leader in real time, continuous monitoring of gas at industrial sites
Focus on EPM of brownfield sites and oil and gas Real-time analytics – data and AI Expanding from UK into key European markets
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Provision
The leader in cameramatics solutions for commercial transit fleets
Ongoing trial with the fleet of large US FMCG companies Evidence of support from planned German / EU legislation Series A financing by the end of 2019
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WIA
Leading IoT developer with over 30,000 utilising their technology
Valuable eco-system being created Other trade sales of developer platforms
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Immersive VR Education
Software platform for educators and corporate companies to create educational VR content.
Listed on AIM in March valued at £19m (LON:VRE)
Apollo 11 selected as part of Oculus Go launch collection
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Accelerator: NDRC@ArcLabs
Sure Valley Ventures is already tapping the next generation of deep tech companies via its investment in NDRC@ArcLabs. NDRC builds and invests in very young digital companies, or startups offering them early stage investment and development.

With more than ten years’ experience, NDRC’s key skill lies in finding companies and teams with the potential to grow internationally.

Once a company joins NDRC, the team works intensively with each, over a short time frame, to help them understand what value their company can offer customers, their strategy for growth and getting them ready to meet the demands of both investors and customers.