The US Air Force (USAF) has placed a further order with Totnes-based software company DT Media following the successful use of Insight*, an innovative product aimed at reducing the risk of ‘friendly fire’ in battle.
DT Media supplies off-the-shelf and bespoke simulation, training and cutting edge real-time 3D visualisation software products, such as Insight, as well as fully integrated ‘turnkey’ simulation solutions to clients across the world.
USAF Air Combat Command has now upgraded and extended Insight’s unique recognition training capability, which will allow users to hone their recognition skills against multiple, maneuvering targets, as well as accessing an increased database.
Insight is now being used throughout the US Air Force, Air National Guard and Air Force Reserve, as well as by 19 other customers across 12 countries, and DT Media has potential orders in the pipeline which could double turnover by this summer.
This upturn in sales coincides with a further round of funding from the Finance South West Growth Fund. Finance South West, which closed for new applications for investment on 31st December 2008, is an £18 million investment fund that provided commercial finance from £10,000 up to £1 million for buying, selling, starting or growing a business in the Objective Two area of the South West. Finance South West invested over £15million in over 100 businesses in the region.
Robert Kathro of DT Media said: “This further order from the USAF is a real testament to the quality of and demand for our products. Investment from Finance South West has enabled us to grow our business at a faster rate than would otherwise have been possible. The team looks forward to continuing to deliver an expanding range of innovative simulation and training products and services to both new and existing customers".
Chris Burt, Business Fund Manager for Finance South West, said: “We were happy to increase our investment in such a forward-thinking and successful company as DT Media, which has an increasingly impressive client base, and we look forward to playing a significant part in its continuing success.”
ENDS
Dated 07/01/09
Notes to Editors
DT Media Ltd
DT Media Ltd began trading in January 2000 in Totnes, the South Hams area of Devon in the southwest of England. The company employs a team of highly skilled software engineers, technical and graphic artists and subject matter experts working in the field of “Serious Games”.
*Insight is a computer-based recognition training system which provides interactive multi-spectral visualisation of air, land and sea platforms. Insight is specifically designed to reduce the risk of ‘friendly fire’ or fratricide. It formed the basis of NATO’s prototype Combat Identification Training System (NATO CITS), produced in 22 languages, and naval experts have described the software as ‘the best recognition trainer we have ever seen’. DT Media also supplies the Fleetman family of naval training systems, a turnkey bridge trainer, and a naval tactical communications trainer. Around 90% of the company’s business is for export with customers in the USA, Australia, Germany, and the Middle East, as well as the Royal Navy and British Army.
For further information visit: www.dtmedia.co.uk.
Finance South West, which came to the end of its investment programme on 31st Dec 08, is an £18 million investment fund part funded by the EU through the Objective Two Programme for the South West targeting small and medium sized enterprises in this region with a range of equity, mezzanine and debt capital. Finance South West provided commercial finance from £10,000 up to £1 million for buying, starting or growing a business in the Objective Two area of the South West. It invested £15million in over 100 businesses in the region, levering over £26 million into the South West economy and creating or safeguarding over 800 jobs.
Finance Cornwall Fund Managers Limited is an investment company authorised and regulated by the Financial Services Authority registered in England and Wales, number 05010380, registered address 14 High Cross, Truro, Cornwall, TR1 2AJ.
For further information visit: www.financesouthwest.co.uk.
PR contact
Samantha McKay, PR Manager, Formedia, on: 01752 762120 / email: samantha@formedia.co.uk or Katy Thorpe, PR Account Executive, Formedia, on: 01752 764220 / email: katy@formedia.co.uk. |
