SPTS Technologies UK has awarded a gift to Swansea University of over GBP £600,000 worth of shares in BluGlass Limited as a result of support received from The Department of Research and Innovation in helping the company extend the scope of their research and gain access to further funding.
SPTS has strong ties with Swansea University, and has benefited from the knowledge exchange projects through the University's Department of Research and Innovation.
William Johnson, CEO at SPTS said of the gift:
"SPTS has strong ties with Swansea University, and has benefited from the knowledge exchange projects through the University's Department of Research and Innovation (DRI).
The DRI, which acts as the bridge between industry and academia has enabled us to extend the scope of our research beyond our existing markets and gain access to funding, which has proven invaluable to our R&D teams. This gift of shares in BluGlass is our way to pay back by 'paying it forward' to the University in not just the current value of the shares but the potential future value of BluGlass and the opportunities for potential collaboration between Swansea University, BluGlass and Sydney's Macquarie University."
William Johnson, went on to say:
"Our gift to Swansea University underpins our ongoing commitment to supporting the success of the Department of Research and Innovation, and we are proud to be able to support future generations of engineers and researchers at this world-class research-led institution."
Current collaboration with Swansea University includes a Technology Strategy Board (TSB) funded project for the development of micro-needles for bio-medical applications. The project which includes process equipment from SPTS for the University's clean room facility was instrumental in developing a design for manufacturing quality packaged micro- needles which are achieving a 100 percent success rate in initial testing.
Dr Gerry Ronan, Head of IP at Swansea University commented:
"Swansea University are absolutely delighted by this gift and indeed with the highly successful and ongoing collaboration with SPTS and the University's College of Engineering, particularly the work being done with Dr Owen Guy, Associate Professor. As a University we pride ourselves on our ability to collaborate with industry and this is an enlightened and most welcome way of strengthening such relationships."
SPTS Technologies designs, manufactures, sells, and supports etch, PVD, CVD and thermal wafer processing solutions.
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- Tuesday 10 June 2014 10.28 GMT
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