Technology & Innovation - The Business Magazine

Oxfordshire firm poised to deliver electricity to Iceland from its first space-based plant

Giles Gwinnett — Fri, 25 Oct 2024 04:52:00 +0000

Harwell-based Space Solar has unveiled a ground-breaking agreement, which is set to lead to the first-ever space-based solar power plant delivering electricity to Iceland. The Oxfordshire company is collaborating with Icelandic group Transition Labs on the deal to provide the utility Reykjavik Energy with electricity from the plant, which us set to be operational by 2030, and has an initial...

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Slough-based Thinventory supports NECS charity with surplus stock donation

Giles Gwinnett — Fri, 25 Oct 2024 04:40:00 +0000

Slough-based Thinventory, which was ByBox before a recent rebrand, revealed it has donated more than £2,500 in surplus ByBox branded merchandise to the Nkuringo Education and Community Support charity (NECS). The latter is a UK charity providing educational and community support to the southwestern Ugandan community of Nkuringo. READ MORE: Berkshire smart locker operator ByBox rebrands as...

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HR Smith Group invests further in Hereford Enterprise Zone

Giles Gwinnett — Fri, 25 Oct 2024 04:22:00 +0000

Work has just kicked off on a £6 million advanced manufacturing centre at Herefordshire's Skylon business park. Collins Design and Build has been appointed to develop the 31,000 sq ft centre for TechTest Ltd, part of the HR Smith Group. It is the third expansion at the site by the HR Smith Group, bringing the Kingsland-based company's total investment in the Hereford Enterprise Zone to £11...

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UoG leading farming and food research in bid to help UK meet net zero targets

Giles Gwinnett — Fri, 25 Oct 2024 04:16:00 +0000

The University of Gloucestershire is leading a project to identify potential changes to what we eat and how we farm in the county to help the UK meet its net zero targets. The Gloucestershire Food and Farming for Net Zero (Integrating Local Climate Policies) project has been awarded £30,000 in funding by UK Research and Innovation’s Agri-Food Net Zero Network+ to support the country'

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Cheltenham-headquartered Pennant International provides update on contracts

Giles Gwinnett — Fri, 25 Oct 2024 04:10:00 +0000

Pennant International, the AIM-listed Cheltenham-based training technology provider, has updated the market on activity concerning its contracts. In the UK and Europe, the company said the UK Ministry of Defence (MoD) had announced its intention to contract the firm for a "comprehensive technology upgrade to the RAF's GenFly training systems". The expected deal is said to be worth £4.9...

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Coventry project will look at barriers to home EV charging in city

Giles Gwinnett — Fri, 25 Oct 2024 04:07:00 +0000

Coventry University revealed it is part of a project selected as one of seven winners of the Transport Decarbonisation Demonstrator competition - bringing with it a share of £1.6 million in government grant funding. Entitled 'Levelling Up Coventry’s EV Adoption Journey', the project will examine the barriers to electric vehicle (EV) home charging and assess the effectiveness of existing EV...

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Renishaw sees solid revenue and profit growth in its first quarter

Giles Gwinnett — Thu, 24 Oct 2024 08:33:00 +0000

Gloucestershire-headquartered Renishaw said it had seen solid revenue and profit growth in the first quarter of fiscal 2025 amid mixed trading conditions. The global provider of manufacturing technologies, analytical instruments and medical devices, added that it was pursuing a "range of growth opportunities" and expects "solid" overall revenue growth this year. In the three months to September...

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UWE Bristol prosthetic to be showcased in Switzerland

Giles Gwinnett — Thu, 24 Oct 2024 04:58:00 +0000

A prosthetic leg developed at UWE Bristol is to be showcased at CYBATHLON this week - an international competition in Switzerland, which tests the latest assistive technologies to support people with disabilities. Amputee Igor Burkovetskyy will wear the limb to take part in a series of timed challenges, including walking on a balance beam, climbing stairs, and navigating hurdles.

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Hardide eyeing recovery in revenues for FY25

Giles Gwinnett — Thu, 24 Oct 2024 04:54:00 +0000

Hardide, the Oxfordshire-based manufacturer of advanced surface coatings, told investors this week that it expects to see a "strong recovery" in revenues in its next financial year (FY25), not least from its enhanced product range launched six months ago. Reporting a FY24 trading update (covering the 12 months to September 30 this year) it said it expected to report revenue of £4.7...

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Transport innovation in focus as TRIG 2024 winners unveiled

Giles Gwinnett — Thu, 24 Oct 2024 04:47:00 +0000

Winners of the government's Transport Research and Innovation Grant (TRIG) for 2024 have been announced, with 32 pioneering projects granted a share of £1.4 million to drive innovation and growth. Notably, this year, proposals were sought, which focused on local transport decarbonisation, maritime decarbonisation and emerging technologies such as AI and drones. "With sustainability at the core...

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