Rolls Royce Plc, Transcendata Europe, GKN Squeezeform, Hydro Aluminium Extrusion Ltd, Doncasters Ltd, Astra Zeneca, Tritech Group, Informing Healthcare, TATA Steel, Mustang Marine Ltd (now Mainstay Marine Solutions), MetaCause Solutions Ltd, Perpetuus Carbon Technologies Ltd, p-matrix Ltd, Cast Metal Federation, European Investment Casters Federation,
Process Optimisation, Process Improvement, ISO9001:2015 and 7Epsilon:
Swansea University formed a spinout company MetaCause Solutions Ltd to exploit patents and the outputs of the EPSRC (GR/R89912/01) and Welsh Government Projects (HE 09 COL 1009, HE 09 COL 1014, HE 09 POC 1002 and HE TT 42). The company developed a MetaCause process optimiser software using the assigned intellectual property. However, MetaCause Solutions Ltd could not sustain its R&D efforts through the great recession of 2008-2013 and ceased trading in February 2011. Dr Rajesh Ransing remained its Chairman and CEO from 14/10/2005 until its voluntary dissolution on 15/05/2012. The patents (US Patent No 7440928, Chinese Patent No. ZL02816069, Indian Patent No. 223861, 2009) and trademarks assigned to the company have now lapsed.
Dr Ransing was the regional winner of Technium Challenge Competition 2004 and received a trophy from Hon’ble Minister of Economic Development, Welsh Assembly Government.
Dr Ransing was also interviewed by New Scientist:
London Press Service is an agency under the management and ownership of UK Trade and Investment. It has also reported on this innovation.
Dr Rajesh Ransing continued his research at Swansea University and proposed 7steps of 7Epsilon for process improvement in addition to developing new algorithms for process optimisation by supervising MEng, EngD and PhD students. The informal discussions, presentations and feedback from a joint ASTUTE and NCAF event on zero defect manufacturing held at Swansea University on 4th and 5th July 2011 inspired the formation of a start-up company p-matrix Ltd on 28th September 2011. Dr Rajesh Ransing, as a chairman, remained a minority shareholder in this company along with Dr Meghan Ransing (CEO) and another investor. The company was formed to develop software for visualising in-process data using penalty matrices. p-matrix Ltd also complements Dr Rajesh Ransing’s research efforts and co-ordinates 7Epsilon (www.7epsilon.org) activities. The novelty of 7Steps of 7Epsilon over the DMAIC steps of Six Sigma is that it presents a structured approach to satisfy to risk based thinking and organisational knowledge management requirements of ISO 9001:2015. 7Epsilon allows organisations to proactively engage into innovation and subsequent Six Sigma or other quality improvement R&D projects.