Published: Dec 09, 2021
Focus: NPIF Maven Equity Finance
Headquartered at the Environment Centre, Lancaster University, the investment will also enable ABS to open a laboratory and office in Morecombe, Lancashire. The new location will help to reduce outsourcing of third party bacteria creation and offer a more tailored approach to its clients’ needs. ABS will also create an innovation centre that will co-locate other complimentary start-ups and researchers to carry out their research and innovation. This centre of excellence will function as an incubator to create specialist jobs in the region, reducing the brain drain currently occurring in the local higher education institutes.
ABS has a number of product lines harnessing bacterial solutions that address pressing environmental problems. Its current investment in improvements in bacterial science ensure its products lead ‘inter alia’ to: a reduction in uric acid build-up in urinals; unblocking of grease traps and connected infrastructure; and reduction in water pollution. These unique bacterial formulas are designed to digest pollution and waste by natural means only, and so avoid the use of damaging toxic chemicals.
The scope of ABS’ bacteria solutions covers multiple large scale markets including: hospitality, sanitation, water management, agriculture, property management and construction. With a range of patented bacterial formulations, ABS aims to become a trusted partner and collaborator to its stakeholders, providing various complementary solutions to address the growing markets they operate in.
The business is backed by a highly knowledgeable team, with technical expertise and skills across the sectors they operate in. Gareth Hughes, co-founder and Chairman/CEO, has a background as a corporate advisor with significant experience in low carbon enterprise, from start-ups to major public companies. He is also a founder of two capital advisory and funding firms and in this new venture, is backed by a strong and varied team across the organisation’s commercial and scientific departments.
ABS is a member of RedCAT, a scheme launched earlier this year that aims to drive Lancashire’s post-pandemic recovery with investment in the latest low carbon technologies.