Empowering Tomorrow’s Innovations Today
Eastwood Capital Plc is a pioneering investment company committed to fostering groundbreaking technological advancements. With a significant stake in a leading GPS technology business, we are at the forefront of shaping the future of the GPS tech industry.
Driven by a passion for innovation and a commitment to delivering value to our shareholders, we actively seek out opportunities that promise exponential growth and sustainable returns. Our seasoned team of investment professionals combines extensive market expertise with a forward-thinking approach, ensuring that we remain agile and responsive to the ever-evolving demands of the global market.
It is proposed that the Company change its investment focus on opportunities in the technology sector. In an era where technology is reshaping industries and redefining the way we live and work, the Company is committed to identifying and supporting tech enterprises that are developing the technology landscape. The resulting investment(s) may be in a company, partnership or a special purpose vehicle. The Company expects to target such opportunities in the technology sector which require funding to complete development, commercialise its technology or progress its operations. The Company will also focus on those opportunities which would provide the Company with an economic interest (by equity, royalty or debt participation) and a controlling interest (through board or management positions) and whose potential value, over the long term, is greater than the price and costs expended by the Company to acquire them. The Company also reserves the ability to make investments outside of the technology sector, if the Directors believe that they will bring long-term value to shareholders.
The Company does not propose to limit its search to any specific geographic location, however the Directors will ensure that the geographic location of any investment opportunity is suitable for institutional investment in the London market.
The Directors’ long-term aim is to create shareholder value by investing in projects to build a portfolio of assets where the Directors believe that there are significant potential upsides in value by providing vital finance and expertise enabling a company or business in the technology sector to reach its full potential to achieve future growth.
HEV has entered into an agreement with Vestigo Technologies Ltd (“Trackimo”), for £250,000 new ordinary shares, following the termination of a previous agreement for Helium Ventures to acquire Vestigo Technologies Ltd. The Company will receive a total value of £1.55 million in Trackimo shares as fee shares at the Trackimo IPO subscription price, or price to be determined by an independent valuation of Trackimo, if the Trackimo IPO does not proceed as an alternative subscription price. Furthermore, for the Company’s continued support and assistance throughout the transaction, Trackimo will issue the Company an additional £100,000 new ordinary shares on completion of the Trackimo IPO.
Trackimo is a company that specialises in the development and distribution of tracking devices and solutions. They primarily focus on providing GPS tracking solutions for a wide range of applications, including personal and asset tracking. Trackimo’s products are designed to be compact, easy to use, and offer real-time tracking capabilities, allowing users to monitor the location of their vehicles, assets, or loved ones through a mobile application or web interface.
The company’s tracking devices are often used for various purposes such as tracking vehicles, luggage, pets, and valuable assets. Trackimo’s technology is geared towards providing peace of mind for users by allowing them to track and monitor the location of their belongings in real-time.
Key factors contributing to the growth of the GPS tracking market included the rising need for real-time tracking and monitoring of assets, vehicles, and personnel, as well as the growing emphasis on improving operational efficiency and ensuring the security and safety of assets. The market is estimated to be worth approximately USD 2.14 billion in 2022 and is projected to grow at a CAGR of 12.3%, reaching USD 5.82 billion by 2031.
The market is also being influenced by technological advancements, such as the integration of GPS tracking with other technologies like IoT (Internet of Things), cloud computing, and AI (Artificial Intelligence). These integrations have allowed for more sophisticated and comprehensive tracking solutions that provide valuable insights and analytics for businesses to optimise their operations.
The increasing adoption of GPS tracking systems for personal and consumer applications, such as tracking pets, children, and valuable assets, was contributing to the expansion of the market. This trend was fueled by the growing awareness of the benefits of GPS tracking in enhancing security and providing peace of mind for individuals and families.
Charlie Wood is a highly experienced corporate finance executive with wide ranging international and capital markets experience.
Mr Wood is a Partner of Orana Corporate, a London based FCA regulated boutique corporate advisory firm.
In addition, Mr Wood holds various non-executive directorships in listed and private companies across natural resources, technology and FMCG.
Neil Ritson is a geoscientist with a career spanning over 40 years in the energy and resource sectors. After a 20 year career with BP working in technical and managerial positions around the globe, Neil become Senior Vice President, International for Burlington Resources before joining AIM listed Regal Petroleum plc as its CEO. Between 2010 and 2017, he was the CEO of LGO Energy plc and until 2018 the CEO, and later Executive Chairman, of Solo Oil plc. At Solo, Neil recognised the potential for helium exploration using the latest play concepts and was instrumental in Solo making a substantial early investment in Helium One Limited in 2017. As part of its investment in Helium One, Neil facilitated access to legacy seismic data and personally supervised its reprocessing and reinterpretation.
In partnership with two of the UK’s principal helium research teams at Oxford and Durham Universities, Neil has developed a private company, Helium Resources Limited, which has successfully completed helium surveys in the UK and is seeking to license these for production. Neil is a recognised expert on the identification of helium plays and their commercialisation.
Fungai Ndoro is an experienced small cap corporate financier who specialises in working with growth companies. She has worked in the City for over a decade and has spent most of her career as a corporate financier at Peterhouse Capital, advising public companies and executing a broad spectrum of corporate transactions, including IPOs, acquisitions and disposals, CVAs, open offers, and structural reorganisations for corporate clients on the London Stock Exchange, AIM and AQSE. Over her career, Fungai has executed the structuring and launch of several companies.
Fungai is currently an Executive Director of AQSE listed Quetzal Capital Limited and is an independent consultant providing strategic guidance and advice to start-ups and growth companies in various sectors on corporate governance frameworks and capital market transactions.