Nexess raises 1M€ to finance its development

Sophia Antipolis – April 8. 2010 – Nexess, which develops and commercializes security management solutions for industrial plants facing high environmental constraints, announces today the closing of a financing round of about a million Euros. The financial operation has been led by CEA Investment and Primaveris.

After a successful start in the nuclear sector, Nexess’ historical business, the company has diversified its products to the Chemical and Oil and Gas industries and will use its raised funds to speed up its commercial development on this second sector that encompasses Seveso-type industries.

“We have the vision of an industrial world in which security constraints are no longer a barrier to plant productivity”, declares Frédéric Galtier, founder of Nexess. “We are pleased by the participation in our capital of financial investor such as CEA Investment who fully shares this vision. We will continue our historical collaboration with CEA, which allows us to design, test and qualify our solutions, specifically designed to address high environmental constraints in nuclear and Seveso-type industries”.

“We have been impressed by Nexess expertise and the quality of their solutions for industrial plants and are particularly happy to join its development”, adds Frédéric Martin, in charge of investment at CEA Investment. “The work realized in collaboration with CEA enables the company to extend the reach of its products to those facing the most difficult environmental constraints”.

“Primaveris has supported Nexess since its creation and we are glad that CEA Investment joins us today to go along with a new development phase of the company”, declares Jean-Paul Albanese, in charge of investment at Primaveris.

About Nexess

Nexess provides organizations facing high environmental constraints such as nuclear or Seveso-type industries with real-time people flow, objects and activity monitoring. Nexess’ products enable security and productivity performance improvement in the long run, whilst ensuring security policy compliance of monitored activities. Based on specific and rugged RFID technology, Nexess’ line of tags has been qualified and certified to operate in ionizing environments such as nuclear plants as well as explosive such as Seveso-type plants. (more on www.nexess.fr)

About CEA Investment

CEA Investment is the investment branch of CEA, major player in technology research and innovation. CEA Investment invests in upstream mode in high growth potential young companies capitalizing on innovations from CEA or partnering with it to reinforce their technological position in IT, microelectronic, health, energy and environment. (more on www.cea-investissement.com)

About Primaveris

Primaveris is a seed capital fund investing in all technology sectors (IT, biotech, energy, environment, …) It specifically operates with young companies in the “Provence Alpes Côte d’Azur” region partnering with public sector research. (more on www.primaveris.fr)