IBEX Innovations Success Story

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.”

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.
Dr Neil Loxley, Chief executive

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The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.

Dr Neil Loxley, - Chief executive, IBEX

The proximity to the universities and the infrastructure are very important factors. Ultimately having a presence in Europe is very valuable to us and we intend to stay at NETPark for many years to come.

Dr Arnab Basu, - CEO, Kromek

When looking for premises which would support our growth, whilst we’d looked at other locations nothing came close to NETPark. The office is modern and well serviced and reflects the type of company we are.

Paul Ashley , - Co-Founder, PNTS

We’re delighted to have opened our new site at NETPark.  This will make it easier for us to attract the best engineering talent to the Tharsus team so that we can continue to deliver game-changing robotic systems for our customers.

Brian Palmer , - CEO, Tharsus

We initially came because of the printable electronics centre but access to a highly skilled semi conductor workforce in the North East has been a key factor in us staying and growing here, as well as the value for money office space and the access to funding.

Ken Williamson, - COO, PragmatIC Printing

CPI has developed a specialist offering to support SMEs looking to develop their printable electronics applications and our partnership with Business Durham has been instrumental in attracting several SMEs to locate here in the region.

Dr Jon Helliwell, - Director of Printable Electronics, CPI

It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.

Stuart Wilson, - CEO, Ascarii

Access to quality facilities was one of the main drivers for deciding to locate the business at the NETPark. We have been able to use this as a launch pad to link into support from CPI and world-class expertise from Durham University.

Steve Clements, - Managing Director, aXenic
2018-08-09T11:54:35+00:00