SP3H, a Young Innovative Enterprise (YIE) and the fuel profiling1 leader, announces that it raised 2.2 million euros in May 2012. Truffle Capital (long-standing institutional investor) and existing private investors subscribed to this funding round.

To recap, SP3H has developed a miniaturised optical sensor, known as a Fuel Quality Sensor capable of measuring fuel quality and reducing CO2 emissions, fuel consumption and pollutant emissions, whilst improving engine reliability and performance.

"We are very honoured that Truffle Capital and our investors have renewed their trust in us. This funding round will enable us to continue implementing our strategy and roll out our development plan between now and the end of 2014, i.e. the date scheduled for mass production of the industrial systems," states Alain Lunati, SP3H's founder and Chairman. "Over the past 2 years, we have respected the timetable set by our vehicle and equipment manufacturer partners, therefore successfully validating several key milestones and technical components of our proprietary approach."

"We are delighted to be able to continue supporting SP3H and help finance the development work on their revolutionary sensor that measures fuel quality and thereby contributes to protecting the environment," comments Jean-François Fourt, the joint founder of Truffle Capital in charge of its energy portfolio.

Previous equity funding rounds completed by the company since 2005:

EURO1.5m between 2007 and 2009 via private investors.

EURO2.5m in January 2010 with Truffle Capital.

About SP3H:

SP3H was founded in August 2005 by Alain Lunati. With more than 20 years of experience in the refining field, the SP3H team has developed a near infrared based sensor capable of measuring fuel quality and reducing CO2 emissions, fuel consumption and pollutant emissions, while improving engine reliability and performance.