Hilco Streambank (“Hilco”) is seeking offers to acquire the intellectual property assets of Vert Rotors UK Limited (In Liquidation) (“Vert” or the “Company”) on behalf of the Liquidator of the Company, Richard Gardiner of Thomson Cooper Accountants.
Prior to Liquidation, Vert was a leading manufacturer and designer of efficient, high-pressure compression solutions based on its unique and proprietary Conical Rotary Compressor (CRC) technology, having served several Fortune 500 manufacturers across the United Kingdom, European Union and the United States. Launched in 2013, the Company’s transition from a young business to a successful and relevant company was rapid. Vert Technologies quickly gained a reputation as an industry pioneer, with its technology described as one of the most significant innovations in the compressor industry for over 40 years.
Vert, an innovator in its industry, won acclaim for pushing compressor design and capabilities boundaries beyond previous industry limits. With the ability to achieve higher pressures than existing technologies of the same size, the difference with the CRC technology lies in its ingenious step of rotating inner and outer rotors. Compared to traditional technology that uses rotating screws placed side by side, the Company’s technology puts one rotor inside the other. The rotors turn in the same direction at different speeds, compressing the gas as it travels down the conical screw to deliver a low-noise, low-vibration compressed air solution that can still produce exceptionally high pressures.
The Company’s scalable and compact technology can produce high pressure in a single stage without compromising performance and can be designed to meet the specific requirements of each installation. Prior to its Liquidation, the Company’s technology had been applied to rotors of varying sizes, ranging from as small as 40mm in length, delivering 80W of power to industrial pallet-based systems 400mm in length and delivering 15kW of power.
Applications for this innovative technology include integration into products across a wide range of sectors, such as refrigeration, heat pumps and manufacturing, and prior to Liquidation, the Company’s technology had been integrated into its own-brand compressor range, targeted at fibre optic cable installation and hand tools. Quiet operation, at just 60 dBA, means that work within residential areas can continue day and night with minimal disturbance for householders.
This opportunity offers a prospective buyer the chance to acquire the intellectual property assets behind a former leader in the compressor industry.
The Vert brand is highly regarded and incredibly well-known. Established in 2013, the Company quickly established its position as an industry leader and became synonymous with quality in the market.
The Vert brand sought to distinguish itself in the market and was borne out of a desire to bring the designs of the CRC technology to life and advance one of the most significant innovations in the compressed air industry for decades.
The brand attracted an impressive and diverse client base, with strong ties to key players across various industries and sectors. The brand is synonymous with high-quality products and innovations and has established long-standing relationships with its diverse customer base.
The Company is highly commended, having been awarded Scottish Product of the Year at the 2021 WeDO Scotland Awards and named a finalist for the 2021 RAC Cooling Industry Awards in the Refrigeration Innovation of the Year category.
The Company has been built on the strength of its reputation, bolstered by its coverage from several high-profile industry and mainstream press outlets, including the BBC, The Scotsman, The Herald, Insider.co.uk, Eureka Magazine and more.
The Company holds a portfolio of registered trade marks covering the “Vert” and “Vert Rotors” brand names and logos, with international coverage.
The Company’s patent portfolio protects its innovative technology, covering key elements such as the Company’s unique motor arrangement, its method of generating the rotor geometry and a miniature cooler application.
A full list of the Company’s patents is available via a virtual data room.
The Company holds an extensive suite of design files, drawings, 3D models and machine simulations relating to an array of recent and past projects dating from its incorporation to its time of Liquidation, comprising c. 1k CAM files, 6.2k parts and assemblies and c. 3.1k drawings.
The Company holds a database of over 100 former clients, capturing critical data such as names and contact details. The Company’s valuable client database is available to acquire.
The Company also holds a database of prospective customers/enquirers and their email addresses, collated via the website, capturing c. 8.8k enquiries. The Company’s database of enquirers is also available to acquire.
The Company holds the primary vertrotors.com domain name and a portfolio of additional Vert-branded domain names. A full domain name schedule is available via a virtual data room.
The Company owns the copyright in the website content hosted at its various active domains, showcasing the Company’s CRC technology, past achievements and e-brochures and containing a depth of rich content and imagery.
Rights in the social media accounts are also available to acquire across LinkedIn, Twitter, Facebook, Instagram and Vimeo.
A full social media schedule is available via a virtual data room.
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room of further information on signing a confidentiality agreement.
The Liquidator acts as an agent of the Company and without personal liability.
The bidder acknowledges that Hilco acts as an agent for the Liquidator who offers for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Liquidator and bidders are deemed to have carried out their own due diligence.
VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. A buyer’s premium of 10% of the sale price is payable by the winning bidder. Legal completion to occur within 5 business days of bid acceptance. Hilco’s full Terms and Conditions apply.