Ionix Advanced Technologies has closed a £2million funding round, with backing from IP Group, ParkWalk and private sources. The cash will help the company to accelerate the commercialisation of a range of devices based on its high temperature piezoelectric materials.
A spin-out from the University of Leeds, Ionix is targeting applications where temperatures can reach 420°C, something not possible with conventional piezoelectric devices. Markets for these devices include: energy and nuclear power, refining, aerospace and oil and gas.
Chief executive Dr David Astles said: "Our technology looks ideally placed to play a part in the drive to increase continuous condition monitoring, and we are gaining good traction. I look forward to working closely with the Ionix team and our partners and clients as we move into the next stage of commercial development."
Other applications for the materials include active vibration dampening, electronic frequency filters, transformers and acoustic/vibration sensors.