Aberdeen-based GM Flow, a gas flow measurement specialist, has secured a combined six-figure investment from the Scottish Investment Bank (SIB) and two Scottish equity firms, as it continues to further develop its technology for the oil and gas market.

The company developed Adjusta-Cone, an adjustable natural-gas cone flow meter to provide a safe and cost-effective alternative to the traditional dual-chamber orifice meters that currently exist in the market.

The funding from SIB, Aberdeen-based Alba Equity and St Andrews-based Eos Advisory, has already helped it to secure larger premises.

It will also help to expand into new overseas markets.

GM Flow founder Gavin Munro developed (www.gmflow.co.uk) the Adjusta-Cone after working in the oil and gas industry for 30 years and seeing witnessed many near-miss incidents involving gas release caused by the traditional meters.

Adjusta-Cone completely eliminates the release of gas into the atmosphere surrounding the meter.

Furthermore, the automation of its range-changing capability completely removes operating personnel from harm’s way, allowing them to focus on other tasks.

Maintenance of the tool is minimised by its superior resistance to erosion and corrosion, resulting in a low cost of ownership.

In the past two years, the company has created an experienced management team in Aberdeen and appointed a sales manager in the Middle East.

Mr Munro said: “The investment and support that we have received has already made a substantial difference to the company, enabling us to sign the agreement on our new workshop facility, expand our rental fleet and allocate an R&D budget for advanced testing and expansion of the Adjusta-Cone product line.”