Business
Technology Update
Technology Update.
About this update from Checkit Plc
[{"type":"text","content":"\n \nRNS Number : 7095E Elektron PLC 12 April 2011 \n \n\nElektron plc\n \nTechnology Update\n \nElektron Plc (\"the Group\" or \"Elektron\") today announces further changes designed to increase its focus on new product development (\"NPD\").\n \nThe Group has signed a lease at the Broers Building, a new facility made available by the University of Cambridge for organisations engaged in the field of commercial research and development at its 165 acre West Cambridge site. The facility will become Elektron's Technology Centre from which all NPD activity will be undertaken and managed. Elektron expects to benefit from the deep pool of engineering talent that is located within the Cambridge area - the second largest venture capital market in the world, with over 1000 high tech companies located within the vicinity.\n \nIn addition to the above, Elektron intends to move its headquarters to Cambridge and as a result its Romford office will be closed at the end of 2011 when the lease expires. A further announcement will be made when this move is complete.\n \nThe Board is pleased to note some recent successes enjoyed by its technology based brands:\n \n*Carnation Designs has secured a £1.2 million contract to supply its genisys electronic management systems for vehicles being supplied for prison escort and custody services into the Ministry of Justice. This system includes full power management tools, bespoke keypads and plug and play vehicle harnesses.\n \n*Queensgate Instruments Ltd has led a successful application to the Technology Strategy Board in a recent competition for funding titled \"Technology Inspired Collaborative Research and Development\". Queensgate has been awarded £182,000 to support its development of high resolution, low noise floor nano-positioning systems. This success clearly illustrates the importance of nano-positioning technology for the future of UK and global high technology manufacturing and the funding will enable Queensgate to ensure its position as a key innovator in the marketplace.\n \n*Bulgin continues to meet the required milestones in the development of a new range of connectors that will quadruple its addressable market to $1.3billion.\n \nJohn Wilson, CEO, said \"Elektron is very fortunate to have such a diversity of technologies. The opportunitie...