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10 March 2010 | PR 10/43

Phase Vision ranks highly in the Telegraph’s Top 50 University spinout companies

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Phase Vision ranked 26th in the new national league table for university spinout companies.

Phase Vision, the technology leader in white light metrology and Loughborough University spinout, has achieved 26th place in a new national league table for university spinout companies.

The Telegraph’s supplement Your Business has just begun tracking the progress of 50 highly promising university spinouts to show the breadth of cutting edge technology emerging from Britain's universities.   It has used a scoring system developed by YouNoodle (www.younoodle.com), the global directory of startups, which currently includes more than 25,000 companies and pulls in over 150,000 startup news stories every day.  The site allows business owners, customers and investors to measure and track both the progress and news stories associated with any startup online.

Phase Vision was formed in 2002 as a consultancy spinout from Loughborough University, using technology developed by the world-renowned Optical Engineering Research Group at Loughborough University’s School of Manufacturing and Mechanical Engineering.   In 2008, the company started development of a breakthrough fringe projection shape measurement system. After extensive beta trials in 2009, the same year the company secured funding of over £1.4M, Phase Vision’s new scanners are set to launch in early 2010.

Fringe projection, or structured light, is a high-speed form of optical measurement, capturing millions of measurements in seconds.  The technique is many times faster and more accurate than the laser scanners typically used today, and has the potential for significant impact across a range of industries.  For example, improving the performance and efficiency of jet engines, and reducing the drag on an aircraft’s wing, thus generating enormous fuel savings for airlines, through optimised manufacturing.
 
“We’re incredibly proud of the product we’ve created,” stated Ralph Weir, CEO of Phase Vision.  “Our advanced algorithms solve many of the challenges of shape measurement using fringe projection.  What we are building is based on a decade of research, and finally wraps structured light measurement into a product which is both usable and accessible to the wider market”.
 
Professor Phill Dickens, Loughborough University’s Pro Vice Chancellor Enterprise added:  “Phase Vision is an excellent example of how the University’s innovative research can be commercialised to deliver impact.  It is excellent to see the company’s impact recognised in The Telegraph’s league table for university spinouts.”

−ENDS−

For all media enquiries contact:

Anna Seddon
Marketing Manager Enterprise
Loughborough University
T: 01509 223445
E: A.J.Seddon@lboro.ac.uk 

Notes for editors:

About Phase Vision
Phase Vision manufactures world-class optical inspection solutions for dimensional metrology application. The company has developed a range of technologies specifically optimised for high-speed three- dimensional shape measurement with micro-scale accuracy. Its automated inspection systems allow in-process inspection of complex components, removing traditional bottlenecks in the manufacturing process.  Phase Vision won an Investment of the Year Award in 2009 from the British Business Angels Association (BBAA), following a funding round led by Octopus Ventures with the Lachesis Fund (and others) also participating.
www.phasevision.com


About Loughborough University
Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines

It was awarded the coveted Sunday Times University of the Year 2008-09 title, and is consistently ranked in the top twenty of UK universities in national newspaper league tables. In the 2009 National Student Survey, Loughborough was voted one of the top five universities in the UK, and has topped the Times Higher Education league for the UK’s Best Student Experience every year since the poll's inception in 2006. In recognition of its contribution to the sector, the University has been awarded six Queen's Anniversary Prizes.

Loughborough is also the UK’s premier university for sport. It has perhaps the best integrated sports development environment in the world and is home to some of the country’s leading coaches, sports scientists and support staff. It also has the country’s largest concentration of world-class training facilities across a wide range of sports.

It is a member of the 1994 Group of 19 leading research-intensive universities. The Group was established in 1994 to promote excellence in university research and teaching. Each member undertakes diverse and high-quality research, while ensuring excellent levels of teaching and student experience.

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