Deal Lead: Anne-Marie Birkill
Background
Peak3 is a Queensland-based company focused on the reduction and monitoring of emissions in mines: the primary focus is on nano and ultrafine particulates from diesel engines, however dust and other emissions both in mines and other industrial/above ground settings are secondary targets. The company has developed emissions reduction hardware (Particulate Reduction Technology – PRT) and emissions monitoring software and processes.
The market need for these solutions is driven by both an immediate regulatory requirement and a bottom line economic driver i.e. the need to reduce operating and maintenance costs in mines. Peak3 is targeting installation of their systems on a number of draglines and underground loaders by EOY 2012.
Our Partnership
This investment is OneVentures' first in the Clean Technology space presenting an exciting opportunity to support a company that addresses pressing and environmental and health concerns. OneVentures will work with Peak3 to finalise product development, complete first commercial trials and develop and exploit markets, initially in the mining industry.