Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Covesion Ltd shows a Year on Year Growth of 85% with Support from the NanoKTN

Abstract:
NanoKTN secures funding and partnership opportunities for University of Southampton spin-off

Covesion Ltd shows a Year on Year Growth of 85% with Support from the NanoKTN

UK | Posted on May 5th, 2010

The NanoKTN has helped an SME in the UK secure funding and partnerships, enabling company growth to exceed 85% between 2009 and 2010. Working with the NanoKTN, Covesion has formed strategic partnerships that have resulted in significant commercial impact on the business.

With highly distinctive IP spawned from the University of Southampton, Covesion is a leading producer of PPLN (Periodically Poled Lithium Niobate) and its magnesium oxide doped counterpart (MgO:PPLN). These are materials that can be used to change the wavelength (colour) of incident laser light. Using their unique manufacturing processes, Covesion is undergoing a rapid expansion, supporting many high-growth markets such as: Laser-projectors (next generation displays), Terahertz Generation (3D Imaging Equipment) and OPO systems (for spectroscopy / material analysis).

The NanoKTN's primary aim is to encourage and support UK organisations to collaborate and share knowledge with key partners in attractive end user markets to achieve growth of the UK micro and nanotechnology sector. Since 2009, the NanoKTN has worked closely with Covesion. By attending events hosted by the NanoKTN, Covesion has learnt about key funding opportunities which have resulted in them receiving funding from the Technology Strategy Board and EPSRC which in turn has helped the company move from being a university research idea to a commercially successful company.

Covesion is the only European-based manufacturer of its technology and currently only sees competition from companies in Asian states such as Japan. The versatile materials offer benefits to many markets including the entertainment industry, healthcare and homeland security.

"Attending events hosted by the NanoKTN has enabled us to link with UK companies, allowing us to improve processing and form partnerships that will enable Covesion to grow in the future," explains Mark Middleton, Managing Director at Covesion.

Middleton continues, "Strategic partnerships are so valuable to companies in the early stages of development, they enable you to move forward and develop relationships within industry. We have met people at NanoKTN events that we now work closely with. We regularly work with local electronics companies that we wouldn't have known were there if we didn't attend the NanoKTN's NanoEntrepreneurs Group event. It is these partnerships that have resulted in the company's sales increasing by 85% in the last year."

"It is unique and versatile technologies, like those offered by Covesion that we need to invest in. Covesion is the only company in Europe offering this type of technology and with the vast number of applications it can be used in, it is vital that we support it. Covesion is working within an annual billion dollar market and there is no doubt it is going to bring huge wealth to the UK," says Alec Reader, Director at the NanoKTN.

Further information about the NanoKTN can be found on the website at www.nanoktn.com.

For more information about the services offered by Covesion, visit www.covesion.com.

####

About NanoKTN
The mission of the Nanotechnology Knowledge Transfer Network (NanoKTN) is to encourage and support organisations to collaborate and share knowledge with key partners in attractive end user markets to achieve growth of the UK nanotechnology sector.

For more information, please click here

Contacts:
NanoKTN
PETEC
Thomas Wright Way
NETPark
Sedgefield
TS21 3FG

Tel: 01740 625 790

Copyright © NanoKTN

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

World's fastest man-made spinning object could help study quantum mechanics July 20th, 2018

Relax, just break it July 20th, 2018

Future electronic components to be printed like newspapers July 20th, 2018

The relationship between charge density waves and superconductivity? It's complicated July 19th, 2018

FEFU scientists reported on toxicity of carbon and silicon nanotubes and carbon nanofibers: Nanoparticles with a wide range of applying, including medicine, damage cells of microalgae Heterosigma akashivo badly. July 18th, 2018

Display technology/LEDs/SS Lighting/OLEDs

Future electronic components to be printed like newspapers July 20th, 2018

Govt.-Legislation/Regulation/Funding/Policy

World's fastest man-made spinning object could help study quantum mechanics July 20th, 2018

Relax, just break it July 20th, 2018

Future electronic components to be printed like newspapers July 20th, 2018

The relationship between charge density waves and superconductivity? It's complicated July 19th, 2018

Announcements

World's fastest man-made spinning object could help study quantum mechanics July 20th, 2018

Relax, just break it July 20th, 2018

Future electronic components to be printed like newspapers July 20th, 2018

The relationship between charge density waves and superconductivity? It's complicated July 19th, 2018

Patents/IP/Tech Transfer/Licensing

Sirrus's Issued Patent Portfolio Continues To Accelerate July 18th, 2018

Changing the grocery game: Manufacturing process provides low-cost, sustainable option for food packaging June 26th, 2018

Tunable diamond string may hold key to quantum memory: A process similar to guitar tuning improves storage time of quantum memory May 24th, 2018

Self-assembling 3D battery would charge in seconds May 22nd, 2018

Alliances/Trade associations/Partnerships/Distributorships

Leti and Oscaro Partner on Letiís New Low-Power, Low-Cost Transceiver to Track Parcels July 12th, 2018

Leti and Soitec Launch a New Substrate Innovation Center to Develop Engineered Substrate Solutions: Industry-inclusive hub promotes early collaboration and learning from substrate to system level July 11th, 2018

Leti & Partners Launch Pilot Program to Assess New Perception Sensors for Autonomous Vehicles July 5th, 2018

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project