Sensor Highway’s [Sensa’s] Third-round Financing Raises Development Capital from Lime Rock Partners and 3i plc.


LONDON, December 12, 1999 – Lime Rock Partners, a U.S. based investor specialising in the energy industry and 3i, Europe’s leading venture capital company have agreed that they will jointly provide a substantial third-round of development capital to Sensor Highway. Inclusive of purchase options the total financing approximates just over £8m. (U.S.$13m). The funds will be applied to expand Sensor Highway’s product range and service/distribution centres in Aberdeen, Venezuela and Houston. This round of financing follows a significant increase in enquiries in Sensor Highway’s fibre optic distributed temperature system and related data interpretation services.

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