The Commercial Proposition
Spa Track was established in 2013 as a limited company privately funded by 7 founder shareholders with expertise in RFID and medical devices. Additional funding has since been raised and the company is looking at raising further investment in 2016.
The company achieved ISO 9001 approval and has premises in Droitwich Spa, Worcestershire.
Spa Track Medical Limited is authorised by HMRC to issue shares under Section 204(1) ITA 2007, the Enterprise Investment Scheme, and this offers tax relief on investment and attractive tax benefits for investors.
The company has a current Intellectual Property portfolio of 6 strong patent applications with freedom to operate, and is adding to these as the technology platform is expanded.
Spa Track exhibited its technology in December 2015 at the IDSc conference in Blackpool to the NHS Hospital Disinfection and Sterilisation managers meeting.
The company plans to run several pilot studies in 2016 leading up to commercial launch in Q1 of 2017. The company is in ongoing dialogue with several large orthopaedic companies about the application of our patent pending technology’.
Spa Track is an excellent commercial proposition for investors being well positioned in a global market facing increasingly tough regulatory requirements to increase patient safety at a time when staffing costs are under severe pressure. Spa Track will provide a system that is high performance, with raised safety standards, improved use of resources and a sound return on investment. The adoption of Spa Track technology by the healthcare sector is a logical development and addresses a huge unmet clinical need.