Timo Liukko, the Chairman of the Board of A4SP Technologies Ltd. comments on choosing Hermia Ventures: ”We chose Hermia Ventures Ltd. because in addition to money they can give us knowledge and experience in entertainment industry and valuable contacts to other sports, such as ice hockey. We expect a lot from the cooperation with Hermia Ventures. Hermia’s investment enables launching the business concept at full scale in the first segment. In addition to that, we get credibility to our international negotiations and next financing rounds.”
Further information:
You can get more information from the Managing Director of A4SP Technologies Ltd. Timo Salmi tel. +358 50 344 6512, the managing director of Hermia Ventures Pekka Jussila tel. +358 50 602 13 and , the managing director of Powerstick Ltd. Juha Turtiainen tel. +358 50 1232.
Hermia Ventures Ltd. is a seed finance company that invests in innovative technology companies that have strong capabilities to grow and expand their activity. Hermia Ventures Ltd. offers their clients a strong knowledge in company development, strong partnership as bord member and both national and international network to seek for partners. The fund invests in companies with growth potential, good business plan and skilful key team. The fund has no branch or area limitations. The most important objective of Hermia Ventures Ltd. is to increase the value of its portfolio companies.
May 24th, 2007, Espoo, Finland
Hermia Ventures invested in A4SP Technologies Ltd.
Hermia Ventures Ltd. fund has invested in A4SP Technologies Ltd. At the same time with Hermia Ventures’ investment a group of private investors and present shareholder Power Stick Ltd. invested in company.
A4SP is founded in 2006 and is located in Espoo. A4SP is the first one to bring technology to improve technical skills in team sports. The products consist of sensor modules that are integrated into sticks or other sport appliances and softwares.
With the help of A4SP’s products both players and teams can improve their game in an encouraging and goal-oriented way. The products help to improve e.g. ballhandling-, passing-, and shooting techniques. The products can be integrated in common sticks or sport appliances. In addition for example stick manufacturers can integrate the technology in their new sticks.
The first products are developed to floorball and A4SP Technologies has made a distribution and cooperation contract with FatPipe floorball appliance manufacturer, Power Stick Ltd.
“We decided to invest in this company because we have learned to trust A4SP’s worker’s skills and ability to fulfill business goals", comments Pekka Jussila the Managing Director of Hermia Ventures.
