Edinburgh-based compressor manufacturer Vert Rotors has posted its end of year results, revealing that it saw turnover grow by 197% following rapid year-on-year growth.
The business has expanded its precision manufacturing facility in Edinburgh to offer the company more space to increase production of its micro compressors.
It has also hired five new design and manufacturing engineers to facilitate growth, bringing skilled jobs to Edinburgh.
Vert Rotors’ research and development has been recognised with four patents granted last year to protect the company’s intellectual property and innovation; two in the US and two in Europe for their software algorithm and design of their conical compressor. Protecting their IP means all revenue generated by the company’s designs is retained in Scotland to boost the economy, something Vert Rotors’ feels is very important.
Vert’s disruptive micro compressor technology has attracted the attention of several international companies. The company has grown their customer base to include key industry targets such as an air compressor manufacturer, an automotive manufacturer, oil and gas drilling manufacturer and a space propulsion technology specialist.
Vert Rotors founder and CEO, Olly Dmitriev said: “It really has been an outstanding year for Vert Rotors. It is great to see that our growth has increased year on year by 197% and we want to push forward to keep on track for 2018. The whole team has worked incredibly hard to get us to the position we are in today.
I started this company with a product that was not available on the market, in an industry that had seen little innovation in compressor technology in decades. I spotted a gap in the market and never looked back. We shall continue to work hard to revolutionise manufacturing capabilities across a range of industries with our micro compressors.”