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Ibex Innovations, in Sedgefield, County Durham, works on medical and industrial x-ray technology
A PIONEERING North-East firm is continuing to expand its specialist work after securing £250,000 funding to push forward x-ray technology.
Ibex Innovations says the cash will support a £557,000 project on prototype x-ray detection for medical radiography and industrial imaging.
The company, based at NetPark, in Sedgefield, County Durham, works on advanced x-ray systems that allow doctors to examine cancerous tumours in greater depth and Ministry of Defence bosses to see inside explosives.
Earlier this year, it received £1m from venture capital firm Northstar Ventures and an unnamed corporate partner to increase work on its technology.
Founded in 2010 as Eshtech, it employs eight workers, and says the new funding, awarded by UK innovation agency, the Technology Strategy Board (TSB), will ensure it can develop its products much quicker.
Dr Neil Loxley, Ibex chief executive, said: “Our technology has the potential to revolutionise X-ray imaging in a number of important markets.
“It can determine both the thickness and composition of materials over large areas at high speed, which will greatly enhance the capability of x-ray systems in electronics inspection.
“It also has the potential in medical radiography, leading to earlier cancer detection, better follow-ups and reduced radiation exposure.
“We are extremely grateful for TSB's support as it will push ahead our development of industrial and medical imaging markets much faster.”
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