Company briefs - 2013-06-27

  • 2013-06-26

Triogen Group, a Dutch maker of equipment that turns waste heat into electricity, raised 6.5 million euros for company expansion, reports Bloomberg. New investor Wadinko led the funding round, which also attracted existing investor Yellow & Blue Investment Management, Goor-based Triogen said on June 18 in a statement. Triogen’s technology can be installed in biomass power stations, factories and wastewater-treatment plants. The company is benefiting from increased demand to convert waste heat into electricity and hot water as businesses from manufacturers to utilities seek to generate cleaner power and boost efficiency. “We see significant opportunities for our technology,” Director Ron Aan de Stegge said in the statement. Triogen, which operates in Europe, made its first sales in Finland, Slovakia and Latvia in the first half, he said.

The total value of Latvia’s forest industry exports reached 435 million lats (621.4 million euros) in the first four months of 2013, a 10 percent increase on the same period in 2012, according to the Agriculture Ministry’s Forestry Department, reports Timber exports totaled 377.2 million lats in January-April 2013, a 9.1 percent increase on January-April 2012. Latvia’s main forest industry export partners were Sweden with 12.1 percent, Germany with 12 percent and Great Britain with 10.8 percent of total forest industry exports. Forest industry imports totaled 134.3 million lats in January-April 2013, a 29.8 percent increase on January-April 2012. The main forest industry import partners were Lithuania with 22 percent, Estonia with 12 percent, and Poland with 11.9 percent of the total.

The Lithuania-based provider of high-precision biometric identification technologies Neurotechnology has released its SentiSight 3.2 for object recognition on the PC platform, reports LETA. The product includes updates, which provide faster object recognition, with recognition speed increased by several times compared to the previous algorithm version. The SentiSight Embedded 1.1 for the Android platform also includes upgraded improvements. Neurotechnology provides algorithms and software development products for biometric fingerprinting, face, iris, voice and palm print recognition, computer-based vision and object recognition to security companies, system integrators and hardware manufacturers.