Moutain Technologies Ltd reaches new heights with investment from HBAN Angel Investors

The global ski and snowboarding market is huge, with over 125 million people engaged in the sports. In 2019 Americans alone spent $17.5 billion on skiing pursuits. However, unfortunately there are also around 100 deaths on the slopes in Europe every winter.

Founded by CEO Pete McFetridge and COO Ken Armstrong, Mountain Technologies’ LifePass system was created with the vision of utilising the best of today’s technology to make the outdoors safer for all to enjoy, but not forget that people go to the mountains to get away from technology. LifePass has been developed so it does not require a mobile phone to operate, allowing its user to have the technology but in a passive way.

The company pitched to an HBAN Ulster event earlier this year and following that pitch has now secured a scale up size investment from six locally based angel investors and Co Fund II.

Pete McFetridge from Mountain Technologies said: “We are pleased to have secured the backing of a number of very experienced investors who all strongly believe in our business. As we move from the testing phase of LifePass to supplying the solution to customers, we will be investing in our sales and marketing. Smart technology is being used around the world in many different sectors and we want to use that technology to transform mountain resort operational management and improve safety for those enjoying winter sports. We believe our technology will save lives.”

Jim Curran, Regional Manager for HBAN in Northern Ireland, added: “The product designed by Mountain Technologies aims to take away an area of concern from ski resort operators and the HBAN members who have invested in the company believe there will be strong demand for its innovative technology. By pitching to an HBAN event the company has been able to access a diverse group of business angels to help the company on the next stage of its journey. The investment round was closed out with matching from Co Fund II, which combined with the business angel syndicate provides the company with a solid investor base.”

For more information about HBAN please go to www.hban.org

A message from the Editor:

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper whenever you are able to do so.

Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.

With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper when you can safely.

You can also enjoy unlimited access to the best news from across Northern Ireland and the UK by subscribing to newsletter.co.uk

With a digital subscription, you can read more than five articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit https://www.newsletter.co.uk/subscriptions now to sign up.

Thank you