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

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. 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