The company is developing a next-generation robotic system for universal minimal access surgery. New investors including ABB Technology Ventures, LGT Global Invest and Cambridge Innovation Capital.
Following the successful start of clinical cadaveric trials in June 2016, investment proceeds will enable CMR to continue on its path towards becoming a global medical device manufacturer. Specifically, the proceeds will be used to progress development and commercialisation of its medical robotic technology, and to expand the team in preparation for regulatory approval.
Unilase Ltd, a newly formed laser company, which develops and supplies diode-pumped solid-state (DPSS) laser and amplifier modules for industrial uses, aims to offer ultra wide pulse repetition rates to give customers the option to fulfil their laser manufacturing requirements with fewer sources.
Iranian-born founder and technical director Dr Ara Minassian started Unilase with the aim of providing high performance lasers and amplifiers for demanding industrial and scientific applications.
The CEO is photonics veteran Dennis Camilleri, who has 35 years of board-level experience with high-technology companies, including Melles Griot (photonics), Willett International and Leica Microsystems, which were acquired by Bibby Scientific and Danaher (USA). He served on the board of Midaz Lasers from its start-up and right through to the sale of the company to Coherent Inc in 2012. Dennis is actively engaged with investors and has closed funding for a number of companies operating in high-growth technology markets.
The firm is launching a hand-held scanning device to help GPs detect cancer.
The technology has been in development for the last 18 months and the company hopes to unveil the device in 2017/18. It will create a hi-tech business park in rural Yorkshire after submitting plans to build a new £7m manufacturing plant.
Sylatech, which is part family-owned, is a highly focused, multi-project institution. Chairman Mark Chappell said: “That project on its own will justify the need to have a different type of manufacturing plant but we are developing a business that is focused on a number of significant developments.”
The company is investing £10m to develop three major projects and expects to create around 200 new jobs in the next three or four years. Sylatech also developed a system that will recycle plastic by breaking it down and turning it back into oil. The company, which has a £7m turnover, is known for designing and manufacturing components for aerospace, satellite and defensive systems.
Its clients include Airbus and Boeing. Mr Chappell said Sylatech has made the weather radar systems for every Boeing plane currently in operation. The final project is the development of an anti-drone system in response to the huge demand to protect government buildings and oil installations all over the world. It has been developing the system for the last 12 months and ‘expects to launch the prototype this year’.