X-RAY imaging specialist IBEX has taken bigger, custom-designed offices in NETPark as it looks to almost double its workforce and transform into a multi-million-pound business.
IBEX Innovations Ltd has relocated to one of the new Explorer units on the Sedgefield-based science park to accommodate huge growth - which will see IBEX shift into profitability and increase its highly skilled workforce to more than 30 in the coming years.
Chief executive, Dr Neil Loxley, said the move into the Explorer building, which is managed by Business Durham, is instrumental to IBEX’s future success.
Said Dr Loxley: “We have had a great deal of input into the design and layout of the office and laboratory, which will take us through the next five years of growth comfortably.
“The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.”
IBEX has developed and patented x-ray detector technology that can be retrofitted to existing x-ray machinery to significantly improve the detection of defects and impurities in the materials being imaged.
Its technology, which acts like a colour filter to bring out extra information on an x-ray image, can be applied in multiple markets, including food inspection, bomb detection and medical radiography, and the company is making considerable headway in all of these areas.
Most significantly, IBEX is working with a number of NHS trusts to demonstrate how its technology can help hospitals improve the detection rates and diagnosis of bone disease osteoporosis.
Brian Archer, managing director of Business Durham, said: “IBEX Innovations is a prime example of an innovative, world-class technology company thriving on NETPark; making the most of the facilities available and employing a skilled workforce.
“It started its journey on NETPark as a virtual tenant, then took on incubator space and was one of the first to take offices in the Discovery 2 building. Its move to Explorer feels like a natural progression as the company grows and makes its name in new markets.”