We always had an aspiration to be here, being based locally and set up through the SET Squared programme. There’s lots of space to grow at Exeter Science Park.
Cylo is a disruptive and important development to replace gas boilers. The UK government has a target to install around 600,000 heat pumps on top of the 1.4 million gas boilers still installed within the UK each year. Cylo has huge market potential. We have allocated a substantial amount of our turnover into research and development, so we continue to innovate.