Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Izon Science secures investment for expansion

Izon Science secures investment for expansion

Christchurch, NZ and Oxford, UK, 20 February 2014 – Izon Science (www.izon.com), a global leader in accurate nanoparticle analysis, today announced it has completed a £1 million (NZ$2.0m) funding round in the UK.

In conjunction with the investment, Izon’s global headquarters are being transferred from Christchurch to the Oxford Science Park, UK where an Izon subsidiary has been operating since 2010. Hans van der Voorn, Izon’s Executive Chairman is now based there.

Izon is also appointing two UK-based board members: Alex Hambro, who is also non-executive chairman of AIM-listed Judges Scientific plc, and Mark Rowan, who is also a non-executive director of AIM-listed Imperial Innovations Group plc. Izon is itself expecting to list on AIM in due course.

Izon has also appointed Stephen Dawson as its CFO, based in Oxford. Stephen has an undergraduate science degree and is a Chartered Accountant with extensive experience in CFO and CEO roles in large and emerging UK based exporting companies.

“The establishment of the corporate headquarters in the UK allows us better access to European and North American markets and reflects the reality of a more favourable capital raising environment in the UK for global science companies,” says van der Voorn.

The company plans to double the size of its UK team this year to support the move. Manufacturing and R&D will continue in Christchurch, where staff numbers are being boosted in line with the company’s overall expansion plans.

“The increased capital and market access enabled by the move to Oxford has allowed us to take on more staff in order to expand the product portfolio and to increase business with our key suppliers in Christchurch,” adds Van der Voorn.

Izon’s patented technology, Tunable Resistive Pulse Sensing (TRPS), offers the most accurate series of nano and microparticle analyses for advanced biomedical applications. Nanomedicine development, extracellular vesicles and viruses are all important and growing areas of interest.

Fine-scale control and monitoring of the forces acting on particles as they pass through a nanopore allows the size, count and charge of particle samples to be probed with higher resolution and accuracy than other technologies. The detailed nanoscale measurements are also generating new tools for quantifiable bio-analysis.

The company has developed three instruments that it currently sells into life science research and product development markets:
• the qNano, Izon’s flagship product for nano- and micro-particle measurement;
• the qViro-X, dedicated for virus and vaccine analysis; and
• the qMicro, designed for analysis of cellular samples and injectable drugs.

Van der Voorn says that Izon’s strengthened European presence will also allow it to focus on collaborations that accelerate product development and application development. “The sensitive detection capabilities of TRPS are just beginning to be exploited. We work closely with our customers to solve their analysis problems and that typically leads to the generation of new ideas.”

To further support its expansion, Izon is planning to open offices in China, Germany and India. The company is also opening a second US office in San Diego, CA to add to its facility in Cambridge, MA which has been operating since 2011.

About Izon Science:
Izon Science designs and manufactures precision instrumentation for nano- and micro-scale particle analysis. Izon originated in New Zealand and now sells its products in 36 countries. Izon’s global headquarters are located in Oxford, UK. The company also has a US headquarters in Cambridge, MA, and an R&D and manufacturing facility in Christchurch, NZ.http://www.izon.com

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news