Reactec backed by Archangels continues its ground breaking developments
Reactec, an Edinburgh-based supplier of a hand arm vibration (HAV) monitoring device, backed by UKBAA Member, Archangels, has moved into profit in 2017.
During 2017, Reactec, which is backed by Edinburgh-based business angel investment syndicate, Archangels, increased its headcount by 24 per cent to 31.
For the 12 months to the end of December last year, a pre-tax profit of £94,000 was made by Reactec compared with a loss of £369,000 in 2016.
The profit was achieved on turnover of £3.6 million, up 35 per cent on the previous year.
The growth is accounted for by the launch which took place in 2016 of the company’s unique HAVwear system, it’s an affordable wrist-worn device thar can determine in real time the exposure of an individual to vibration during the use of power tools on a daily basis.
HAV is said to be the cause of one the most common industrial diseases in the UK, hand arm vibration syndrome, also known as vibration white finger is usually caused by constant use of power hand tools. The vibrations can damage the blood vessels, nerves, muscles and joints of the hand, wrist and arm.
On estimate more than 1 million UK workers are currently exposed to vibration over the Health and Safety Executive (HSE) limit. There is no cure for HAVS, only prevention.
By the end of 2017, Reactec had shipped more than 20,000 HAVwear units for the remote recording and analysis of vibration exposure.
HAVwear is now used by a number of private and public organisations in the UK, including British Airways, Murphy Group, Morgan Sindall, the Environment Agency, Siemens, Babcock and over 70 local authorities.
Reactec will continue to target other industry sectors, both in the UK and internationally. Strong interest is already being displayed in Australia and Scandinavia.