PRP Technology Ltd, holding company of PRP Optoelectronics Ltd, are delighted to announce a long-term strategic investment partnership with Veruth Holdings Ltd.
Veruth Holdings is a private investor specialising in UK manufacturing companies. Its objective is to help companies to grow and become even more successful. Unlike many investors, Veruth takes an active interest by having a Director on the Board to add further expertise and Veruth intends to stay with its investments for a very long period.
David Sheridan, Veruth’s Chairman, elaborates on this new venture:
“PRP Technology represents our biggest single investment to date and we were very impressed by Robert Green, his team and the exciting technology that PRP is developing for international customers. We know that PRP has big plans for the future and we are delighted to be part of this.”
Robert Green, Chairman and CEO of PRP adds:
“We are extremely pleased that Veruth has acknowledged the strong growth potential offered by PRP. We plan to use this investment to fund our continued product development and market diversification. We welcome Dr Stephen Reynolds to the Board and look forward to working closely with Stephen and David as PRP continues to go from strength to strength.”