Sunday, 19 February 2017
Last updated 1 day ago
Feb 11 2009 | 6:53am ET
Limerick-based AMCS has raised GBP 5.2 million ($7.5 million) to develop its pay-as-you-throw systems for garbage disposal.
The investment is led by the UK-based clean tech fund WHEB Ventures and the Ulster Bank Diageo Venture Fund, managed by NCB Ventures in Dublin.
Pay-as-you-throw technology, in use in Ireland for several years, is designed to reduce the amount of waste going to landfills and encourage recycling.
AMCS has developed a complete end-to-end software and hardware turnkey system for the delivery of weighing and identification solutions to the waste and recycling industry. The solutions facilitate variable weight-related charging and incentives.
AMCS plans to use the investment to finance the company’s global expansion and support new product development.