“Centeo is typical of the young companies developing breakthrough technologies that Wideblue wants to work with,” said Jim Hall, CEO, Wideblue. “What sets us apart from the typical incubator is our ability to help clients take an idea and produce a commercially viable product at the end. We have a team of 14 highly skilled engineers, scientists and manufacturing experts whose knowledge and experience clients can tap into to solve practically any problem. The investment in Centeo is in line with our strategy of identifying highly innovative product ideas which we believe are going to be successful in the market and ultimately will be profitable for the owners and investors. “

Pat McHugh from the Scottish Enterprise Seed Fund commented: “We are delighted to be working with Wideblue on this exciting project. We hope this is the start of a successful syndicate relationship with Wideblue which will benefit many young Scottish companies in the future.”

www.wide-blue.com