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Asbestos remains the largest occupational killer in the UK today. Despite being banned in 1999 asbestos still kills some 5000 workers per annum (UK). Greenwall is developing Asbestoprobe, which is expected to be the world's first handheld analyser that is specifically designed for the detection of asbestos to ensure early warning of the silent killer

  • £425k+ spent since 2018 to develop Asbestoprobe, the product
  • Asbestoprobe can cut existing analysis time from 2 days to 2 minutes
  • Globally asbestos causes an estimated 107,000 deaths annually 
  • A Global Problem, Asbestoprobe aims to provide a Global solution

Idea

THE GLOBAL PROBLEM

Asbestos was used in multiple global products. The challenge across the world is to quickly identify and contain this deadly material.

Current methods of detecting and recording the presence of asbestos are costly, invasive and slow. Physical samples are taken and sent to a laboratory for analysis, this can take 2 days.

Compared to this, Asbestoprobe's is a disruptive technology which uses a point and click approach utilising NIR Spectroscopy and Artificial Intelligence enabling the analysis of asbestos in 2 minutes.

THE GLOBAL SOLUTION

Asbestoprobe takes the existing reporting process using the Asbestoprobe App from 2 days to 2 minutes.

About 125 million people in the world are exposed to asbestos.

In our opinion, the asbestos industry is second only in legislation to 'Nuclear'.

Greenwall's business plan aims to provide an annual software licensing model which grows through recurring revenue year on year.

Greenwall has an increasing Global enquiry database which awaits its launch.

THE GLOBAL MARKET

Asbestos detection has become one of the leading H&S issues of our time. Our opinion is that the annual global market for asbestos management could be in excess of $1Billion, with the UK asbestos market for surveying and analysis to be in excess of £240m.

Hundreds of thousands of tonnes of asbestos are still being mined and used across the globe today.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

As part of our commitment to investor transparency, Crowdcube’s Due Diligence Charter outlines the analysis and verification that is conducted on equity fundraises on Crowdcube by our legal and compliance professionals.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Asbestoprobe has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.