Deep Life Ltd is awarded major innovation grant

For release: 9th May 2008
Further information: Vladimir Komarov on 0131 510 0005
Or email support@deeplife.co.uk

The Scottish Government has awarded the Glenrothes company Deep Life Ltd, one of the largest grants ever under its SMART innovation grant scheme. The grant, valued at Euro 720k, covers around 24% of the planned development cost of a rebreather to provide a self contained life support system for use by divers.

The project is highly innovative, the first ever to seek to achieve the highest safety level in a product for general use: Safety Integrity Level 4.

The work within the project includes studies of the hazards and risks posed by rebreathers, development of new safety technologies and the onwards development of technologies that Deep Life has for commercial diving into a form suitable for use in self contained equipment.

This project breaks new ground with rebreathers, and underlines the commitment Deep Life has to the development of effective safety systems in difficult fields.

Prior to awarding the grant, an in depth review of Deep Life's long term business was carried out, as well as of the innovations proposed for the project. Deep Life Ltd is one of Britian's most successful young technology companies, showing net profits every year since formation and growing annually without ever resorting to external finance. This grant enables it to continue its reinvestment, developing the sophisticated products that are needed to meet new European safety legislation.

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