Aalborg and Copenhagen, Denmark, 23 August 2017

BOREAN Innovation and Port-Safety have finalized an agreement confirming BOREAN Innovation stepping in as an 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.

About BOREAN Innovation
BOREAN Innovation is an innovation incubator. BOREAN provides pre-seed funding for the initial capital injection and early-stage development and seed funding for further development activities towards bringing the company into the operation phase.

A ladder saving lives…
LifeLadder® is a new and innovative maritime safety device. It is designed for industrial as well as urban quays, locks, waterways and marinas. Visibility both day and night delivers improved maritime safety. The choice of maintenance-free materials addresses issues of costs and time spent on upkeep.
Quite often, traditional rescue ladders mounted on piers, bridges and quays are hard to spot as they do not distinguish themselves from the dark surfaces in the harbour. Especially at night, they are difficult to see. Despite frequent maintenance, traditional ladders manufactured in steel are subject to accelerated corrosion.
Data collected in Denmark document that 25% of drowning accidents occur in harbours. The need to improve safety is increasing as more industrial harbours are urbanised.
LifeLadder® addresses the requirement for improved safety with a maintenance-free solution, which is visible both day and night. LifeLadder® is constructed in reinforced plastic, moulded in a bright yellow and UV-resistant colour. The modules are clamped together with a synthetic rope. A patent has been filed for this construction.