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January 9th, 2011

Thinking small makes Oxford bigger

Abstract:
Oxford Instruments specialises in the design and manufacture of nanotechnology tools and systems.

Nanotechnology is a complex process where materials are developed and manipulated on a molecular scale but it is increasingly used in areas ranging from lighting to sun cream and from X-ray machines to environmental analysis.

Nanotechnology is integral to MRI scans, for example, and is also used to make LED lights.

Oxford is a leading player in this sector and aims to work pragmatically with businesses, helping them to become more efficient. The group recently devised a hand-held device, for instance, that can detect metal contamination on brownfield building sites and it has been used on the main 2012 Olympics site in London. Previously, this type of analysis would have involved large laboratories, but now it can be done on the ground.

Midas recommended Oxford in December 2007, when the shares were 212p. In the past three years, they have more than tripled to close on Friday at 702p.

Interim figures for the six months to September 30 were unveiled last November and showed a 22 per cent increase in sales to £113million and a rise in profits from £2.8million to £10.6million.

Source:
dailymail.co.uk

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