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When Swansea-based Hydra Technologies Limited was looking for a funding partner to help it bring a new, waterless engine cooling technology to the UK market, it turned to UK Steel Enterprise for help.

UKSE backed the project with £500,000 of loan and equity funding.

In conjunction with a US partner, Hydratech has developed the Economax Engine Cooling System which incorporates the Cool-180 range, and this is being marketed under the trading name of Evans Cooling Systems UK, within the Hydra Technologies Limited Group.

Hydratech Managing Director Steve Hickson explains why the product is becoming so popular. “Traditional engine coolant is half water, half anti-freeze and is also toxic. Water has many limitations. It has a relatively low boiling point, a propensity to corrode, and traditional anti-freeze is a risk to humans and animals.

Hyrdatech infographic

“We looked at several different funders, but the organisation that showed the most empathy and a desire to get the job done quickly, was UK Steel Enterprise”

Steve Hickson,
Hydratech Managing Director

Steve Hickson

“Evans coolants have a much higher boiling point which prevents pressure build up and overheating. They eliminate rusting and galvanic corrosion, and improve engine performance and efficiency, and they pose no threat to living things.”

The funding from UK Steel Enterprise provided the working capital needed to take the project forward and by providing a proportion of this as equity meant that Hydratech wasn’t saddled with high loan repayments and that a large proportion of the cash provided stayed in the business to assist with future growth.

Funding from UKSE helped Hydratech launch new technology to the market.

Hydratech image