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Pyreos appoints Archangels CFO Laing to strengthen management team

EDINBURGH-BASED passive infra-red sensor developer Pyreos has appointed Andy Laing as CFO as part of efforts to strengthen its management team.

Previously with Archangels, Laing raised more than £25m for small technology businesses. In the decade prior to joining Archangels, he held various board-level finance roles in technology and marketing businesses and worked for Applied Materials, then an $80bn (£53bn) nanotechnology manufacturer.

Pyreos was spun out from Siemens in 2007. The company’s technology is based on some €10m (£7m) of investment and research at Siemens in ceramic thin-film technology.

The company has filed more than 100 patents to protect the intellectual property it has created so far.

Pyreos CEO Andrew Wallace said: “Pyreos is delighted to have attracted someone of Andy’s calibre and experience and he will be invaluable to the business. Following our latest round of funding, we have developed, patented and launched further sensor products.”

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