LEF invests in membrane roof company

On 27 April 2010 Ludgate Environmental Fund (LEF), an investor in cleantech companies, invested £730,000 into 10,000,000 ordinary shares of Hightex, a provider of large-area membrane roofs and facades, equivalent to 5.3 per cent of its issued share capital.

The key rationale behind LEF’s investment is to allow LEF to work with Hightex to help realise the potential of Solarnext, a wholly owned subsidiary of Hightex.

Solarnext has developed a solar cooling system in kit form that is able to be retrofitted to many kinds of structures and is managed by a controller that can manage multiple input sources (solar, district heating, biomass and CHP) to deliver optimum efficiency.

More than 30 solar cooling systems have been sold, ranging from residential to medium-sized commercial applications.