Sensors specialist Pyreos bolsters boardroom

Pyreos, the Edinburgh-based infrared sensors technology company, has appointed two new non-executive directors following a £2.5 million fundraising earlier this year.

From left, Pyreos chief executive Andrew Wallace, Tony Lear, Philipp Rose and chairman Howard Ford

The firm, launched in 2007 as a spin-off from German industrial giant Siemens, said electronics industry veteran Tony Lear was returning to the board having served as chairman and independent director between 2010 and 2012. He takes his seat via the Scottish Investment Bank’s (SIB’s) right to appoint a director.

Lear said: “I’m excited about returning to the board of Pyreos to support the latest step in the company’s development. Pyreos is the world’s only volume supplier of thin-film pyroelectric sensors, which can be used in a broad range of applications, from engine condition monitoring and food safety.”

He is joined by Philipp Rose, who represents shareholder Robert Bosch Venture Capital (RBVC) and replaces Claus Schmidt, who has spent three years on the board and is retiring from Bosch.

Alongside the SIB – the investment arm of Scottish Enterprise – RBVC, Seraphim Partners, Siemens Technology Accelerator and Braveheart took part in the fundraising in March.

Pyreos, led by chief executive Andrew Wallace and chaired by Howard Ford, is based at the Scottish Microelectronics Centre on the University of Edinburgh’s Kings Buildings campus.