BOREAN Innovation and Port-Safety have finalized an agreement confirming BOREAN Innovation stepping in as investor. This investment forms the financial foundation for starting up the production of the LifeLadder product and bringing it to market. Including the recently achieved funding from The Market Development Fund, Port-Safety has now attracted total investments of EUR 0.8 mill. LifeLadder is innovative and unique. It is a non-corrosive and 24/7 visible safety ladder solution for ports and marinas. These attributes make LifeLadder a game changer for safety ladders worldwide.
“The LifeLadder product made by Port-Safety is an intuitively appealing solution. We are very pleased to be investing in a company and a team, that offers both significant global business potential, and brings important value to society” says Thor Jespersen, Managing Director of BOREAN Innovation.
The agreement with BOREAN Innovation is exciting news for Port-Safety, and indeed also for the chances of saving lives. BOREAN Innovation will add significant start-up experience, an efficient administrative support structure, and most importantly the financing to bring the LifeLadder product to market. The founders of Port-Safety are delighted by the trust the investment reflects, and look forward to jointly developing the Port-Safety business.