Alloyed, the company formed from the merger of OxMet Technologies and Betatype late last year, has won the prestigious Institute of Physics Business Start-up Award 2020. The award, submitted by OxMet prior to the merger, recognises the scientific work of the team that resulted in the innovative system brand: Alloys By Design (ABD™). The ABD digital platform is setting new standards for metal material development for advanced manufacturing applications in a broad range of industry sectors. The commercialisation of the ABD-850AM and ABD-900AM alloys, specifically for additive manufacturing, highlights the real potential of the platform and points to its capabilities for developing custom materials that meet specific requirements from industry.
The Institute of Physics (IOP) is the professional body and learned society for physics, and the leading body for practising physicists, in the UK and Ireland. With a rich history of supporting business innovation and growth, it is committed to working with ‘physics-based’ businesses, and companies that apply and employ physics and physicists.
The IOP’s prestigious Business Awards are unique in the UK and Ireland in recognising the significant contribution that physicists and physics make in industry.
There are three categories of awards – Business Innovation, Business Start-Up and the Lee Lucas Award (for early-stage companies in the medical and healthcare sector) – so businesses at any stage of their development are eligible; from start-ups to multi-national corporations.
The IOP Business Start-Up Award specifically recognises and celebrates young companies with a great business idea founded on a physics invention, with the potential for business growth and significant societal impact.
Commenting on the IOP Award, Michael Holmes, CEO of Alloyed, said: “Everything we do in every bit of our business rests on the foundations provided by physics, and we’re delighted that the judges believe we have made a contribution to the field.”
Institute of Physics President, Jonathan Flint, said:
“The IOP Business Awards recognise and reward the achievements of physics-based businesses of all sizes; innovative companies that have developed new technologies or repurposed existing ones, and that are at the cutting edge of the UK and Ireland’s scientific research and development.
“These companies, old and new, large and small, have the power to drive the economy. They use the applications of physics to create positive individual, social, industrial and economic change, both at home and overseas.
“Rarely has the need to recognise and encourage our scientists been more apparent. We must continue to encourage, reward and invest in our researchers. Their commitment, drive and imaginations help to keep us comfortable, healthy and safe.”
